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Fiat said its 5-year road plan to turn around Chrysler will result in the doubling of revenue. "There is no alternative ...
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BEHIND THE WHEEL VIDEO

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Current DateTime: 09:21:09 07 Nov 2009
LinksList Documentid: 30830730
Expiration DateTime: 11/7/2009 9:24:30 AM
    • Fiat's 5-Year Road Plan for Chrysler  05 Nov 2009

        Fiat said its 5-year road plan to turn around Chrysler will result in the doubling of revenue. "There is no alternative but for Chrysler to be ambitious at this point," Stefano Aversa, co-president of restructuring specialists Alix Partners, said Thursday. "They have plenty of cash."

    • Ford's Safer Seatbelt  05 Nov 2009

        Ford is unveiling its groundbreaking seat belt. CNBC's Phil LeBeau has the details.

    • Chrysler's Rebirth  05 Nov 2009

        Chrysler is kicking off its rebirth and hoping its new game plan will please the government as well as the industry. Mike Jackson, chairman and CEO of AutoNation, shares his insight.

    • Toyota Reports Surprise Profit, but Outlook Bumpy  05 Nov 2009

        Toyota's results blew past expectations Thursday. The Japanese automaker posted a surprise quarterly profit and halved its annual loss forecast. "Toyota is still making a loss. It's still going to face a very difficult future ahead," Graeme Maxton from The Insight Bureau said. "This doesn't mean that the auto sector has turned around."

    • Health-Check on Auto Industry  04 Nov 2009

        Given the shape of the auto industry globally, China is providing a large amount of relief to automakers, notes Mohit Arora, senior director for India at JD Power & Associates. He analyzes the health of the auto industry, with CNBC's Karen Tso.

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Current DateTime: 09:21:09 07 Nov 2009
LinksList Documentid: 30830722
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Behind The Wheel

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Oct.15
9:21 AM ET
Wednesday, 15 Oct 2008
Toyota's Finance Deals Land Another Blow Against Big 3

Like a python squeezing the air out of its victim, Toyota is in the midst of a move that will further hurt the Big 3. This time it's with the automaker's ability to offer financing and deals at a time when Detroit's automakers are in a pinch.

This is not a death blow to Detroit, but more of another body blow.

Yesterday, GMAC announced that it would only handle auto loans for those buyers with credit scores of 700 or better. Essentially telling GM [G  Loading...      ()   ]dealers that one out of every four buyers will have to get an auto loan through some other source. It doesn't mean GM dealers won't be able to sell to those "non-prime" customers, but it won't be as easy.

Meanwhile, Toyota [TM  Loading...      ()   ]is blitzing the TV with commercials touting 0% financing. For those who have considered buying a Toyota in the past but ultimately went with an American made model because it was a better deal, the situation has flipped.

Granted, this is not exactly a buyers market and you can make the argument that any market share Toyota picks up this month is just a month. After all, GM ended last month with a huge gain (thanks to 0%) while Toyota slumped with one its worst months ever.

Still, the next few weeks bear watching. GM's ability to always sell the best deal has been key to its ability to hang on while Chrysler and Ford [F  Loading...      ()   ]have been passed by Toyota. Now that the Toyota dealers have the hammer, we'll see how the country's top automaker holds up.

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Current DateTime: 01:03:47 07 Nov 2009
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