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Article: Auto News digest.(Briefs)(Chrysler will spend for new vehicles)(Suppliers prosper in Mexico)(Ford ads tout digital radio)
- Article from:
- Automotive News
- Article date:
- October 1, 2007
CopyrightCOPYRIGHT 2007 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Press: Chrysler will spend for new vehicles
DETROIT - Under the ownership of Cerberus Capital Management LP, Chrysler LLC will up the ante on new-vehicle spending and growth in international markets, according to Jim Press, Chrysler's new vice chairman.
"We have been given the opportunity to earmark a ton of money for development of advanced products,'' Press said on a Chrysler blog last week. "Things that are really necessary to have a strong foundation for the future are being put in place. And one of them is product development of advanced technology.''
Press said Chrysler needs to move to take its share of markets outside North America.
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