Jim Press Is Insane. Still.

Edward Niedermeyer
by Edward Niedermeyer

In a recent interview with AutoObserver, Chrysler’s Jim Press tries desperately to state the case that somehow things could be worse at Auburn Hills. In the process he piles on the layers of denial that keep the smallest Detroit automaker senselessly hanging on. “It’s hard to say things are good when sales were only down 25 percent [retail],” press tells AO’s Michelle Krebs. “That’s terrible, but it’s less terrible than the industry decline of 40 percent.” It’s also less terrible than the 44 percent overall sales drop that ChryCo endured last month, but then the fact that Press only mentions retail sales kind of says it all. Especially considering he made AO’s editors include [retail] in his otherwise misleading (or is that self-deluding?) quote. But, “things aren’t so bad,” concludes Press. “At 80,000 vehicles sold in February, we’re doing OK.” Apparently we will know things are bad when Press starts lying about sales rather than pathologically misrepresenting them.

“Looking at retail in prior months, we did pretty well. We’ve shown we’ve been able to cope in these conditions, particularly since we were the first to lose leasing and the first to encounter the credit situation,” says Press lowering the bar just a little further. Press pimps the “intentional lowering of fleet sales” meme with gusto, despite admitting that Chrysler has more 2008 inventory than its competitors. Which explains why ChryCo’s incentives “look” high, argues Press, who swears that 2009 transaction prices are “pretty much in line with competitors in most cases.” Press completes his assault on reality by disputing Edmunds’ $5,556 per vehicle incentive average without providing an alternative figure.

As “OK” as things are though, Chrysler is not making money at current sales rates, says Press. “No one is making money. That’s not in the cards until we are in a much more normal environment in the marketplace.” Pay no attention to the incentives behind the curtain. But Press is blithely optimistic. “Perhaps the rate of decline [in auto sales] will slow down,” he says. Perhaps Jim, perhaps. “If we get [bailed out],” he continues, “we’re viable and can continue to invest in future. If we get the relationship with Fiat, we’ll go from viable to being in really good shape.” Press’s blithering optimism would be almost heartening in these trying times if it werent so disingenuous and cynical. Unrelenting (and wholly unfounded) optimism is the only thing that can win Chrysler more bailout bucks, and those tax dollars are the only chance Chrysler has at surviving. That Chrysler’s retail sales are only dropping at half the rate of the larger market (and its own overall sales) is hardly “vaibility.” Or cause for optimism.

Edward Niedermeyer
Edward Niedermeyer

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  • Superbadd75 Superbadd75 on Mar 10, 2009
    I’m not crying for him. He knew (or should have) that Chrysler was in deep trouble when he made the switch. Undoubtedly, his pay package included a huge upside if he was able to save Chrysler. If he can save Chrysler, this guy needs to run for President! I don't think anyone can shine that turd.
  • Dolometh Dolometh on Mar 10, 2009

    i wonder if jim press and bob lutz go to the same tanning salon?

  • Analoggrotto TTAC is full of drug addicts with short memories. Just beside this article is another very beautiful article about how the EV9 was internationally voted by a renowned board of automotive experts who are no doubt highly educated, wealthy and affluent; the best vehicle in entire world. That's planet earth for you numbskulls. Let me repeat: the best vehicle in the world is the Kia EV9. Voted, and sealed, and if you try to deny it Fanny Willis is ready to prosecute you; but she will send her boyfriend instead because she is busy.
  • MaintenanceCosts Our Bolt is not going away for a while but if I had to predict today what would replace it, I'd predict an EX30. It checks every box for my wife.
  • Ajla Both Biden and Trump are on record caring ~0% what the WTO says and the US government isn't bound by WTO rulings.
  • Honda1 The FJB Inflation Reduction Act will end up causing more inflation down the road, fact! Go ahead and flame me libbies, get back to me in a few years!
  • Cprescott Fisker is another brand that Heir Yutz has killed.
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