News Alert: Chrysler Group LLC Reports February 2013 U.S. Sales Increased 4 Percent; Best February Sales in Five Years
Category: Business - Original Written by Michigan Chronicle Staff
March 1, 2013 , Auburn Hills, Mich. - Chrysler Group LLC today reported U.S. sales of 139,015 units, a 4 percent increase compared with sales in February 2012 (133,521 units), and the group’s best February sales since 2008.
The Dodge, Ram Truck and FIAT brands each posted year-over-year sales gains in February compared with the same month last year. The Dodge brand’s 30 percent increase was the largest sales gain of any Chrysler Group brand in February.
While Chrysler Group extended its streak of year-over-year sales gains in February to 35-consecutive months, sales and shipment volumes for the first quarter of 2013 are being negatively affected by the end of Jeep Liberty production in Q3 2012 and the on-going product launches during the quarter of the new 2014 Jeep Grand Cherokee, the Jeep Compass, and the new 2013 Ram Heavy Duty truck line. As the Chairman and CEO of Chrysler Group LLC, Sergio Marchionne, pointed out in the 2012 Q4 and full-year earnings call at the end of January, due to the aforementioned vehicle launches, Chrysler Group’s first-quarter volumes are expected to be lower than the volumes reached during the same quarter in 2012.
Full release and sales chart: http://www.media.chrysler.com/newsrelease.do?id=13931&mid=2
Chrysler Group Invests $374 Million, Adds 1,250 Jobs to Increase Production of of Fuel-Efficient Transmissions in North-Central Indiana
February 28, 2013 , Kokomo, Ind. - Chrysler Group LLC announced today that it will invest nearly $374 million to boost transmission production and add about 1,250 new jobs in north-central Indiana, making it the largest transmission installation in the world.
Chrysler Group Chairman and CEO Sergio Marchionne confirmed that the Company would make investments and add jobs at the following local plants:
Kokomo Transmission, Kokomo Casting and Indiana Transmission I Plants: investing $212 million for additional tooling and equipment to produce the eight- and nine-speed transmissions; adding up to 400 new jobs, subject to market conditions. Work on the facilities is scheduled to begin in the second quarter 2013, with equipment and tooling to be installed in the fourth quarter 2013.
Tipton Transmission Plant: acquiring the former Getrag facility and investing $162 million to establish an additional assembly site for the nine-speed transmission; creating up to 850 new jobs, subject to market conditions. Production at the site will begin in the first quarter of 2014.
Marchionne, along with Indiana Governor Mike Pence, Kokomo Mayor Greg Goodnight, Tipton Mayor Don Havens, Tipton County Commission President Mike Cline, other local officials and UAW Regional Director Ken Lortz, joined employees to celebrate the news at an event at the Kokomo Transmission ! Plant.
Full release, executive speech, photos and video: http://www.media.chrysler.com/newsrelease.do?id=13924&mid=2
Last Updated on Tuesday, 21 May 2013 15:42
Category: Business - Original Written by Amber Bogins
It’s one of the most common — and beguiling — questions that consumers face: to buy or lease a new car?
Last Updated on Tuesday, 21 May 2013 15:09
Category: Business Written by Michigan Chronicle Staff
Evette Hollins was recently named one of Crain’s Detroit Business’ “20 in their 20’s.” She completed her undergraduate studies at the University of Michigan’s Ross School of Business where she concentrated in finance and corporate strategy. Currently, Hollins is a senior financial analyst at Comerica, performing analysis on a $50 billion portfolio. She also plays a critical role in the bank’s diversity and business development initiatives, helping to expand the company’s visibility within the Michigan market.
Last Updated on Tuesday, 21 May 2013 10:02
Category: Business - Original Written by Cathy Nedd
The unique “Summer Silhouettes” Outdoor Campaign by Faygo Beverages, Inc. has been chosen as a finalist for the Outdoor Advertising Association of America (OAAA)’s 2013 OBIE Awards, the oldest and one of the most prestigious awards in the advertising industry. The series of billboards was created by Faygo partner, West Bloomfield, Mich. based, New Century Creative.
“Faygo’s refreshing flavors have been chosen as Detroit’s favorite cold drinks on hot summer days for more than 105 years,” said Al Chittaro, executive vice president of Faygo Beverages, Inc. “New Century helped bring our message to the Detroit skyline with fun and charming nostalgia.”
Faygo is one of several nominees selected to become a Finalist, Silver or Gold OBIE winner. The winning campaigns will be revealed at the 71st OBIE Awards Gala, Tuesday, May 21, the closing night of the 2013 OAAA/TAB National Convention &Trade Show in Los Angeles, CA.
New Century has worked with Faygo for over a decade creating “dee-licious” outdoor campaigns in addition to various creative on several campaigns.
“We helped design Faygo’s retro branding and glass bottle product packaging . . . which then inspired us to incorporate these stylish products into original artwork representing silhouetted summertime fun,” said Jonn Shamoun, Creative Director at New Century Creative. “Being recognized by our peers while showcasing Detroit’s own Faygo brand is truly one of the highest honors we could achieve.”
Founded by the Feigenson brothers, immigrant bakers from Russia, Faygo began as the Feigenson Brother Bottling Works on November 4, 1907. In the 1920s, they pared down their name to Faygo because it was too long to print on bottles. The entrepreneurs were also credited with coining the term “Pop” for their soda because of the sound made when opening a bottle. The company expanded its business with a large facility on Gratiot Avenue in 1937, which serves as Faygo’s bottling plant and headquarters to this day.
For more than 100 years, Faygo has developed beverages in a wide range of flavors, including Detroit favorites, Redpop and Rock & Rye. Faygo has been a part of the National Beverage family since 1987.
Faygo Orange has been voted “favorite orange soda” by Serious Eats, a Website focused on celebrating and sharing food enthusiasm, and Bon Appétit magazine has ranked Faygo Root Beer as one of the best Root Beers in America. For more information visit:www.facebook.com/faygo or www.faygo.com.
Last Updated on Tuesday, 21 May 2013 10:49
Category: Business Written by Michigan Chronicle Staff
Andrea Johnson is best known as the fundraiser who over the past five years organized sold-out crowds for the Detroit Meals on Wheels summer cruise. Recently she was appointed to the position of director of office operations. In this newly created leadership role, she will provide oversight, supervision and coordination of office administration and operations for the agency and project management. Johnson will lead continuous improvement of quality, performance, productivity and efficiencies focusing on the standardization and implementation of operations, policy and procedures and media relations. She has been with the agency for over 17 years.
Last Updated on Tuesday, 21 May 2013 09:57
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