Chrysler Sees Tough U.S. Market Ahead

Reuters ^

[RCW2001]

Sun December 15, 2002 10:10 AM ET
FRANKFURT, Germany (Reuters) - Dieter Zetsche, head of the U.S. arm of DaimlerChrysler, was quoted on Sunday as saying that tough market conditions in the United States were set to continue next year.

"We had expected that the next year will be a bit easier," Zetsche was quoted as saying by the Stuttgarter Zeitung. "Now, we are expecting that competition will stay very tough also next year."

The remarks came in an advance copy of an article due for publication on Monday.

Zetsche blamed high incentives offered by rivals GM and Ford for the tough market environment, saying Chrysler's incentives were lower.

He said the carmaker was not prepared to fight for market share at any price but that it expected its share of the U.S. market to grow next year from a current 13.2 percent.

[pabianice]

Well, I rented a Dodge Neon last week. A tight little car that cruises at 65 without any vibration and little road noise. Impressive. Seems Chrysler has made giant strides.

[river rat]

German owned Chrysler --- is going to suffer from the unconsionable backstabbing behavior of the German Government the past few months...

The German Government now holds Saddam as a more believable and trustworthy friend than the Americans..... German industry may have had closer "business dealings" with Iraq than permitted by UN sanctions.... Time will tell....

I won't knowingly buy a German product in the meantime...
Those bastards need to sort out their friends and priorities FIRST..

Have a cold, hungry and bleak New Year - Adolph!

Semper Fi

[rastus macgill]

Try a manual transmission Neon very quick and sporty compared to other cars its size and price(street around 10,000.Worst thing about them is the depreciation -horrible -makes them a good value used however.
New model Neon SRT4( 215 hp turbo )at just under 20,000 offers performance in the range of a Porsche Boxster(in acceleration speed and braking the handling a little less) in a stylish 4 door economy car.