A deal to merge General Motors and Chrysler has hit an impasse after the Bush administration ruled out funding for it, three people with direct knowledge of the talks said. This puts any merger of the struggling automakers on hold until after the U.
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The U.S. Treasury Department is not negotiating with General Motors and the owners of Chrysler LLC on a request to provide direct government aid to their proposed merger, a Bush administration official said today.
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The U.S. Treasury Department is not negotiating with General Motors and the owners of Chrysler LLC on a request to provide direct government aid to their proposed merger, a Bush administration official said today.
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A merger between General Motors and Chrysler LLC would result in the closing of as many as half of Chrysler's factories and the elimination of all but seven of its core models, according to a report by consulting firm Grant Thornton LLP.
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General Motors and Cerberus Capital Management LP have resolved the major issues in a proposed GM-Chrysler merger but the final form of any deal will depend on the financing and government support available, sources familiar with the talks said...
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General Motors and Cerberus Capital Management LP have resolved the major issues in a proposed GM-Chrysler merger but the final form of any deal will depend on the financing and government support available, sources familiar with the talks said...
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Chrysler is offering white-collar workers up to US$75,000 cash and vehicle purchase vouchers worth up to $25,000 if they leave by 30 November.
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Chrysler LLC will stop producing its first two hybrid-electric vehicles slightly more than two months after they started arriving in dealerships. This summer, Chrysler introduced the Chrysler Aspen and Dodge Durango Hemi hybrid SUVs to great fanfare.
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Nissan Motor president Carlos Ghosn has denied earlier US media reports that the Japanese automaker had proposed a capital tie-up with Chrysler .
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General Motors and Cerberus Capital Management LP have asked the U.S.
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WASHINGTON (Reuters) - The finance arms of U.S. automakers such as General Motors and Chrysler could apply aid from the financial rescue package approved by Congress earlier this month, the White House said on Monday.
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WASHINGTON (Reuters) - The finance arms of U.S. automakers such as General Motors and Chrysler could apply aid from the financial rescue package approved by Congress earlier this month, the White House said on Monday.
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Chrysler is reviewing bids for its Dodge Viper nameplate.
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General Motors and Chrysler LLC's owners are discussing a merger that would keep some of Chrysler's operations intact and save jobs with the aim of securing U.S.
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Chrysler LLC's stakeholders are afraid. Cerberus Capital Management acknowledges that it is negotiating with General Motors about a merger, and media reports have speculated that Chrysler is negotiating with Nissan.
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If General Motors acquires Chrysler LLC, state franchise laws would impose tight limits on GM's ability to kill brands or dump large numbers of dealers.
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Chrysler LLC said today it has received multiple bids on its Viper sports car business and is reviewing the offers.
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Chrysler chairman and CEO Bob Nardelli on Friday told employees by letter the automaker would cut additional salaried and supplemental workers beginning next month.
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General Motors has intensified talks to buy Chrysler LLC's auto operations from Cerberus Capital Management LP in a deal that would also involve a transfer of ownership of GMAC, people familiar with the talks said today.
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