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Chrysler adds $250 million to new model marketing

 
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Old 28 Nov 2003, 04:12 pm
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Default Chrysler adds $250 million to new model marketing

AP, DETROIT - Wednesday, Nov 19, 2003

DaimlerChrysler AG's Chrysler Group will spend an extra US $250 million to promote nine new or redesigned vehicles next year, a product offensive the automaker hopes will reverse slumping sales and declining US market share, Chrysler chief Dieter Zetsche said on Monday.

Chrysler used Cobo Arena, site of the annual North American International Auto Show, for the debut of several new products to hit showrooms next year, including a Chrysler Crossfire roadster, a larger Jeep Wrangler and a redesigned Jeep Grand Cherokee.

The smallest of Detroit's Big Three automakers also showed off three concept vehicles, two from Jeep and one from Dodge, that could become production models in coming years.

Analysts and even some dealers have said Chrysler has paid the price in recent years for an aging lineup, while Asian and European companies have pursued business with a variety of new products.

Zetsche acknowledged on Monday to a group of automotive journalists that the company has acted defensively in the midst of increasing competition, cutting material costs by 15 percent and improving quality by 30 percent in the past few years.

To help spread the word, Zetsche said Chrysler has increased its marketing budget by US$250 million, but he wouldn't disclose the amount of the original budget.

Chrysler's US market share has fallen from 16.1 percent shortly before its merger with Daimler-Benz in 1998 to roughly 13 percent.

Already this year, with US sales down nearly 5 percent, Chrysler has started production of a redesigned and larger Dodge Durango sport utility vehicle, which the company hopes will reclaim business in the profitable light truck segment.

Among the new vehicles scheduled for launch next year: the Chrysler 300C sedan, which Zetsche called the brand's flagship; a convertible version of the PT Cruiser; the Jeep Wrangler Unlimited, which is 38cm longer than the current model; the Jeep Liberty Renegade, whose diesel engine will increase fuel efficiency by 25 to 30 percent; and a redesigned Dodge Dakota pickup.

Longer-range plans call for 25 new or redesigned vehicles over the next 36 months.
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Old 28 Nov 2003, 04:22 pm
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bring back an old muscle car name from mopar with the new hemi in it a rear wheel drive !!
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Old 28 Nov 2003, 08:50 pm
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[8)] Sounds like a winner to me!!!
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Old 28 Nov 2003, 08:59 pm
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Like the Charger or the Barracuda! Instant Winner!! [?]
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Old 28 Nov 2003, 10:04 pm
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What the heck, put a hemi in the Cruiser... of course there would have to be a few modifications.
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Old 29 Nov 2003, 12:22 am
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" a few mods" i would love to see a production of a hemi pt !!
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Old 29 Nov 2003, 03:18 am
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Hemi Charger sounds good!


Hemi Stratus....[:0][:0][:0]
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Old 29 Nov 2003, 10:30 pm
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Sounds better than the money they wasted on Celine Dion....
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Old 30 Nov 2003, 01:37 pm
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i agree quicksilver 100 %
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Old 30 Nov 2003, 04:16 pm
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Quote:
quote:Originally posted by bobs turbo pt

bring back an old muscle car name from mopar with the new hemi in it a rear wheel drive !!
wouldn't that be their magnum srt-8?
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