Funky Cars > Chrysler vehicles 29% less broke than before

Autoblog[Autoblog] Cerberus was quick to crack down on quality woes when it took over Chrysler, and the early fruit of its labor is hundreds of millions of dollars in warranty costs avoided. Chrysler cars and trucks are hitting the dealer less for repairs than before, which has resulted in a 29% drop in warranty claims for the automaker.

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Leftlane - news, reviews, and info for the auto-industryhttp://www.leftlanenews.com/chrysler-decreases-warranty-claims-by-29-percent.html [Leftlane - news, reviews, and info for the auto-industry] Chrysler decreases warranty claims by 29 percent: According to the Detroit Free Press, Chrysler has decreased its warranty claims rate by 29 percent since February - the same month that Cerberus initiated a new quality program at Chrysler. In all, the decrease in warranty claims will likely save Chrysler “hundreds of millions of dollars”.

Automobile Magazine Blogs[Automobile Magazine Blogs] Chrysler Warranty Claims Down by 29 Percent on Newest Vehicles: Based on these numbers, Chrysler can set aside less money to cover warranty repairs on its new vehicles. The savings are the first fruits of Chrysler’s new attentiveness to quality since being bought by Cerberus last year.

The Deal Blogs Homehttp://www.thedeal.com/dealscape/2008/09/chrysler_says_quality_is_up_fr.php [The Deal Blogs Home] Chrysler says quality is up, freeing cash from warranty reserves: Chrysler LLC is a company that could use some good news, mired as it is in an industrywide sales slump and forced to cut leasing in an effort to preserve cash. So it is understandable the Cerberus Capital Management LP-owned automaker is crowing about internal data suggesting the quality of its new vehicles is improving, and eager to turn that progress into hard cash on its balance sheet.

mopardrives[mopardrives] Chrysler banks on vehicles’ quality: Since becoming private, Chrysler has placed greater attention on cash management. The company said it has $11.7 billion in cash and marketable securities on hand, and that in the first half of this year, it earned $1.1 billion before interest, taxes, depreciation, amortization and certain restructuring charges.

SAWAPB[SAWAPB] Chrysler vehicles 29% less broke than before: The pleasant side effect of high quality is spending less to repair your own vehicles. Millions of dollars can be saved per one percentage point improvement in warranty costs.

Car Blog[Car Blog] Chrysler Powertrain Warranty: This will cover such cars as the Chrysler Pacifica. The Chrysler warranty offer comes as Chrysler prepares to become an independent US automaker owned by the private equity firm Cerberus Capital Management LP.

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