Chrysler Canada has asked the Canadian and Ontario governments for C$1 billion in financial assistance to help it through the global economic crisis, making it the first Canadian automaker to specify how much it is seeking, the Globe and Mail...
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Fitch Ratings said today it may cut its rating on Chrysler LLC to an even more speculative grade and warned that the automaker will need federal assistance and forbearance of trade creditors to avoid a default.
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Chrysler Financial Canada will close three of its four business centers in Canada, the unit's President Gino Cozza told auto dealers yesterday. The Western Business Center in Calgary, Alberta, will close immediately.
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In July 2007, Tom LaSorda, Chrysler CEO at the time, touted a deal in which Chery Automobile would supply Chrysler with small cars for Europe and North America.
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The bosses of the three biggest US carmakers, Ford, GM and Chrysler, have asked Congress for a USD25bn loan bailout.
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Chrysler LLC's three advanced production-intent electric vehicle prototype vehicles will make their worldwide auto show debut at the 2008 Los Angeles Auto Show.
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Chrysler LLC and ZF Friedrichshafen AG have announced the formation of a new axle manufacturing alliance. The partnership will utilise Chrysler's new Marysville (Mich.) Axle Plant to build three families of state-of-the-art axles for improved fuel efficiency.
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Chrysler LLC CEO Bob Nardelli told a Senate hearing today that the automaker will burn through $5 billion to $7 billion in cash in 2009. That would be on top of $5 billion in cash consumed in the first three quarters of 2008.
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Chrysler LLC CEO Bob Nardelli said he would accept $1 per year in salary if it helped Chrysler obtain its $7 billion share of a proposed $25 billion automaker rescue package.
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Chrysler LLC CEO Bob Nardelli said he would accept $1 per year in salary if it helped Chrysler obtain its $7 billion share of a proposed $25 billion automaker rescue package.
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Chrysler LLC CEO Bob Nardelli told a Senate hearing today that the automaker will burn through $5 billion to $7 billion in cash in 2009. That would be on top of $5 billion in cash consumed in the first three quarters of 2008.
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Financially strapped Chrysler LLC is going ahead with its joint venture with ZF Friedrichshafen AG to make axles at a new plant here. Production will begin in 2010 for 2011 models.
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Thirty-three Chrysler LLC dealers from 25 states converged on Washington today to lobby lawmakers for a bridge loan to get the domestic industry through its crisis.
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Chrysler LLC appears to have a deal with German axle maker ZF Friedrichshafen AG to operate an axle plant being built in Marysville, Mich.
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Getrag Transmission Manufacturing LLC (GTM LLC) has filed for protection under chapter 11 of the United States Bankruptcy Code for its Tipton, Indiana facility. The GTM LLC facility in Tipton was being constructed for the sole purpose of manufacturing dual clutch transmissions for Chrysler LLC (Chrysler).
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Getrag Transmission Manufacturing LLC, a planned U.S. transmission-building operation in Indiana, has filed for Chapter 11 bankruptcy protection after Chrysler LLC's pullout from the joint venture.
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If you think you're insulated from the death rattle of Detroit, think again. General Motors, Ford Motor Co. and Chrysler together accounted for 3.3 percent of 2007 U.S.
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As the US Congress considers support for the domestic automobile industry, a group comprising representatives of Chrysler's US dealer network will visit Capitol Hill on Tuesday, November 18 and Wednesday, November 19, to discuss their concerns.
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Chrysler LLC is pleading with its dealers to buy more cars by year end and is offering $150 million in extra incentives to persuade them. That will boost Chrysler's fourth-quarter incentive spending to $650 million, Chrysler executives told dealers.
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Following General Motors' plea to dealers and employees to lobby their local political representatives in Washington for additional aid to the auto industry, Chrysler last night extended its plea to the public.
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