Liberty On Video, DaimlerChrysler Predicts Profits for 2002

Date 2001/2/28 0:00:00 | Topic: Liberty


Tired of seeing only still photos of the 2002 Jeep Liberty? Edmunds.com has the solution with their new video gallery starring the new Jeep. The slick video and voice over hits the highlights and some specifications and is a good view for anyone who is interested in the next offering from the Jeep division.

Speaking of still photos, just for kicks we thought we throw in this photo from DaimlerChrysler showing a Liberty body in the paint shop of the new assembly factory in Toledo, Ohio.

With all the dire predicitons of the demise of the Chrysler unit of our favorite multinational corporation, we thought that this artice from Yahoo! News would pick up the mood. The article paints a rosy forecast for DaimlerChrysler for the year 2002. Here's a snippet:

DaimerChrysler AG's ailing Chrysler division expects to be back in the black next year under a $3.9 billion revival plan outlined Monday, looking to quell Wall Street concerns that the 1998 deal that formed the company has been a promise unfulfilled.

``I understand it's the profession of any analyst to be a skeptic,'' said Dieter Zetsche, installed in November as Chrysler's president, chief executive and the turnaround plan's pointman. But ``we are confident that we will deliver what we promise today.''

Details of the plan were released as Chrysler reported a stunning $1.3 billion fourth-quarter loss, double that of the $512 million it lost in the third quarter of 2000 and the complete opposite of the $1.26 billion in operating profit it made in the fourth quarter of 1999. The poor results helped German-American automaker to its first quarterly deficit - it lost 287 million euros ($269 million) - since its 1998 creation through Daimler-Benz AG's acquisition of Chrysler Corp.

Zetsche said Chrysler's comeback assumes, among other things, that U.S. auto sales would reach at least 16 million each of the next three years. In 2000, U.S. sales reached 17.4 million vehicles.

...snip...

Chrysler is also banking on heady sales of its new Jeep Liberty sport utility vehicle and retooled Dodge Ram pickup trucks, both to be rolled out this year. By 2003, Chrysler also hopes to reap benefits of its planned launches of the new Dodge Durango, and a medium-duty pickup truck.

``What they need are three or four more automatic hits like the PT Cruiser,'' Healy said. ``And those can't be generated automatically.''

Chrysler's restructuring was unveiled as a part of a number of moves by DaimlerChrysler to overhaul its operations.





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