Chrysler, once an icon of American automotive might that has moved from market dominance to federal bailout to foreign control over the past eight decades, faces a defining fork in the road.
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Chrysler, once an icon of American automotive might that has moved from market dominance to federal bailout to foreign control over the past eight decades, faces a defining fork in the road.
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Private equity firm Cerberus Capital Management LP is nearing a deal to buy Daimler AG's remaining stake in Chrysler LLC, sources familiar with the talks said.
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Cerberus Capital Management LP is stepping up efforts to sell Chrysler LLC to General Motors, according to two news reports late today.
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Cerberus Capital Management LP is stepping up efforts to sell Chrysler LLC to General Motors, according to two news reports late today.
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When Chrysler introduced its most recent mid-size line-up of vehicles, the Chrysler 300, Dodge Magnum and Dodge Charger, they had two features that instantly rendered the Grand Prix obsolete: rear-wheel drive and V8 firepower.
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Chrysler's top executive has told employees the now privately-held automaker has been in contact with other parties "interested in exploring future possibilities with Chrysler" but said no new agreements had been reached.
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Just in case any crazies out there think Dodge's Challenger isn't bold, aggressive or powerful enough, the automaker has just released images and information on a ridiculous new concept.
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The Canadian Auto Workers has asked General Motors and Chrysler LLC to clarify whether they are considering a merger, since any such transaction would risk "massive consolidation and massive job losses," union president Ken Lewenza said today.
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UAW President Ron Gettelfinger said this morning that he's against a General Motors-Chrysler LLC merger if it costs union jobs.
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An Indian contract auto manufacturing firm has confirmed to just-auto that it is in negotiations with Chrysler about an outsourced manufacturing deal and said it is busy retooling its plant to assemble larger vehicles.
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The US market is approaching a turning point, but a possible GM/Chrysler merger creates far more problems than it solves, a US-based analyst said in a research note.
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A merger between U.S. carmakers General Motors and Chrysler would be "an absolute catastrophe", the top labor representative at GM Europe was quoted on Monday as saying. "GM would only raise its own problems to a higher power.
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Whether or not talks of a General Motors and Chrysler merger come to fruition, the fact that talks have taken place at all signals a daunting new direction for the US supplier industry, according to UK-based supplier industry analyst SupplierBusiness.
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Chrysler LLC shocked executives of Getrag Transmission Manufacturing LLC with a lawsuit last week that could scuttle a $530 million joint-venture transmission plant in Indiana, a senior Getrag executive said today.
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The chairman of the Chrysler-Jeep National Dealer Council says he thinks a Chrysler-General Motors merger could help the companies, as long as it didn't involve a merger in the dealership franchise structures.
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Shares of General Motors jumped 33 percent in trading today after reports the automaker had been in merger talks in recent weeks with smaller rivals Ford Motor Co. and Chrysler LLC.
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General Motors, battling shrinking U.S. sales and a plummeting stock price, is discussing a possible combination with Chrysler LLC, a person familiar with the talks said.
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Chrysler's European retailers have formed a new dealer body. The association will represent the US carmaker's dealers in most European countries including Germany, France, Spain and Poland.
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Chrysler LLC will decide by late winter whether to partner with another automaker on its global mid-sized car platform, known as Project D, says CEO Bob Nardelli.
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