Government stimuli is creating positive momentum for the beleaguered U.S. auto industry and should continue, says Chrysler LLC Vice Chairman and President Jim Press. The $1.5 billion delivered in January from Washington’s Troubled Asset Relief Program to Chrysler Financial, the auto maker’s prime consumer lending source, “flowed right into the market” last month, Press says. Compared with prior-year, Chrysler’s February sales plunged 41.8% on 83,650 deliveries, according to Ward’s data, ...

Premium Content (PAID Subscription Required)

"Press Urges Washington to Loosen Purse Strings for Consumers" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!

For pricing and subscription information please contact
Lisa Williamson by email: or phone: (248) 799-2642

Current subscribers, please login or CLICK for support information.

Already registered? here.