Chrysler’s new products ‘will put them in the marketplace like they’ve never been before’

Article by Christian Andrei, on August 29, 2010

US Transportation Secretary Ray LaHood praised Chrysler Group for its innovation and creativity, saying its product designs will "put them in the marketplace like they've never been before."

In a speech at the Detroit Auto Show, LaHood said that General Motors Co.'s plug-in electric Chevrolet Volt hybrid to be launched this fall would be the "kind of green car Americans are looking for."

LaHood has been very supportive, saying that the company has shown the "commitment and leadership to get the industry moving again for jobs."

It's notable that LaHood had a different approach used by President Barack Obama and former auto task force chief Steve Rattner in discussing GM and Chrysler under its pre-bankruptcy leadership last spring.

Since then, the administration has loaned the two automakers $60 billion, gained control of GM, and arranged an alliance between Chrysler and Fiat S.P.A.

When asked about Chrysler, LaHood said that he had been in talks with CEO Sergio Marchionne however he declined to provide details. Chrysler posted a 36% U.S. sales decline last year as its market share dropped by more than 2 points to 8.9%.

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