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Reports on consumer confidence, GDP tug at stocks
Facebook creates dual-class stock structure
Consumer group warns about toy hazards
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Akron, Summit County jobless rates increase
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2 men shot during party in Fairlawn
Cancellation of Christmas not an option
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Several people hurt in Akron crash
Victim of beating in Kent last week is declared dead at Akron hospital
Akron Children's Hospital CEO, wife announce $1 million gift to support research
Police: Pennsylvania man killed misbehaving puppy before Steelers game
Akron Circle K store robbed for second time this month
KSU suspends basketball player
Police accuse bank robbery suspect of gobbling up note (with dashcam video)
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A Dog Named Christmas – Pet for the Holidays
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Viewing Notes
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Of pass interference and alleged "fake" injuries
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No. 1 Akron to play Stanford next
Tribe Matters:
Seven players added to Tribe’s 40-man roster
Cleveland Browns:
Audio: Mangini disputes Poteat call, accuses Lions of faking injuries
Kent State Sports:
Flashes travel to Florida Atlantic
Cleveland Cavaliers:
Gameblog: Cavs vs. Philadelphia 76ers
Buckeye Blogging:
Buckeye Football – Present and Future
Varsity Letters:
Gulley to visit Central Michigan in December
All Da King's Men:
The Onion, By Any Other Name…
Blog of Mass Destruction:
Glaring Contradictions
Akron Law Café:
Don't Try to Have Fun if you are Depressed
See Jane Style:
Vintage Chic
Car Chase:
What Automotive Thing Are You Thankful For?
Let's Talk Real Estate:
Faye Dunaway to be Evicted?
Ohio Travels with Betty:
Monique asks how to get tickets for the Polar Express.
Sound Check:
Steely Dan Plays "The Royal Scam" at E.J. Thomas Hall
HRLite House:
Personal Rant – Why I am Glad I live in NEO
Akron Gamer:
Nintendo's Mario endures even as games come and go
Chrysler Group confirms company to continue building retro-style car
By Scott Burgess
Detroit News
Published on Friday, Jul 03, 2009
The Chrysler PT Cruiser should be history.
But the new Chrysler Group LLC has given the retro-styled car a reprieve.
Chrysler Group chief spokesman Gualberto Ranieri confirmed that Chief Executive Sergio Marchionne, who also is chief executive of Fiat SpA, said the company will keep building the PT Cruiser.
Chrysler had announced earlier that it would discontinue the PT Cruisers this summer. Now, the assembly plant in Toluca, Mexico, will keep churn
ing them out.
Jim Hall, an auto analyst at 2953 Analytics in Birmingham, Mich., said continuing the PT Cruiser makes sense, even with its poor overall sales performance.
The company sold 50,910 last year. Sales peaked in 2001 at 144,717.
Analysts said the decision to keep building it was a good one.
''The PT Cruiser is a car that is selling even without marketing,'' Hall said. ''The labor costs are cheap and the tooling is paid off.''
Karl Brauer, editor and chief of the automotive research Web site Edmunds.com, added, ''Every PT Cruiser Chrysler sells . . . is pure profit.''
The car will likely stay in production through 2011, Hall said, until Fiat vehicles are ready for production in North America.
Chrysler planned to end production of the PT Cruiser because redesigning it would cost too much, Hall said. Additionally, retro-themed cars are extremely difficult to redesign.
Brauer said the change of heart came after Chrysler entered bankruptcy and emerged in a partnership with Fiat, which has management control of the company.
''Chrysler is in bridge mode,'' Brauer said. ''Fiat can't do anything immediately, and in the meantime, this car will make Chrysler money.''
The Chrysler PT Cruiser should be history.
Get the full article here.
Comments
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Canton, OH
Posted 07:18 AM, 07/04/2009
Sweet. . .Mine is a '03 Turbo. .It is a head turner. . .
Donde estan las chicas ????
