The Obama administration today announced $2.4 billion in grants to General Motors Co., Ford Motor Co., Chrysler Group and other companies to speed development of electric vehicles and batteries in the United States.
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Creditors of Chrysler have asked a bankruptcy court to allow them to sue Daimler AG, arguing that the 2007 sale of the U.S. automaker stripped it of its most valuable assets.
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Customers have been flocking to Shuman Chrysler-Jeep for cash-for-clunkers deals. Thirty-three have their new cars, and their trade-ins are sitting at the back of the dealership in Walled Lake, Mich.
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A two-month factory shutdown and the cash-for-clunkers government rebates accomplished a feat that had eluded Chrysler Group: It turned several slow-selling vehicles into scarce commodities.
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Chrysler plans to continue production of the PT Cruiser - launched in early 2000 as a 2001 model - but has not detailed for how long.
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Chrysler is axing an incentive plan that offered up to double the government's 'cash for clunkers' discounts after dealers complained that new vehicle stock was running short.
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Fiat S.p.A.'s new Multiair technology, which cuts emissions from gasoline engines, could be used on Chrysler cars with very few changes, said Lucio Bernard, a director at Fiat Powertrain Technologies.
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Chrysler Financial said today it has adequate funds to continue as an independent finance company writing standard retail auto loans. The company is not pursuing a multibillion dollar funding arrangement that was up for annual renewal in August.
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Chrysler Group plans to stick with its "Double CA$H for Your Old Car" national incentive campaign over the weekend, spokeswoman Kathy Graham said today. Chrysler rolled out the campaign on July 22 and told dealers it would run through August 31.
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Isn't it weird? After a decade of trying, the brand collectors have become thoroughly disheartened. Ford spins out Jaguar, Land-Rover, Mazda and Aston Martin and tries its best to bin Volvo. GM shuts brands, sells brands and tries its best to bin Saab, Vauxhall and Opel. Daimler gets rid of Chrysler Jeep and Dodge to a gullible hedge fund.
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Isn't it weird? After a decade of trying, the brand collectors have become thoroughly disheartened. Ford spins out Jaguar, Land-Rover, Mazda and Aston Martin and tries its best to bin Volvo. GM shuts brands, sells brands and tries its best to bin Saab, Vauxhall and Opel. Daimler gets rid of Chrysler Jeep and Dodge to a gullible hedge fund.
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AUBURN HILLS, Mich., - Chrysler Group LLC announced today that production of the Chrysler PT Cruiser will continue. The Chrysler Group Toluca (Mexico) Assembly Plant - the exclusive home of Chrysler PT Cruiser - will continue to build the quality-proven, versatility packaged and "too cool to categorize" small car.
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President Barack Obama said General Motors Co. and Chrysler Group were companies worth saving, but he expects both to repay their government loans.
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President Barack Obama said General Motors Co. and Chrysler Group were companies worth saving, but he expects both to repay their government loans.
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The government's cash for guzzlers program is boosting showroom traffic for dealers representing Chrysler Group, which got a head start by rolling out an incentive offer to match the government's last week.
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The U.S. Treasury will not step in to influence management decisions at General Motors and Chrysler Group after providing the automakers with some $70 billion in financing to restructure in bankruptcy, a White House adviser said.
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Chrysler Group's new board of directors meets this week for the first time since the automaker emerged from bankruptcy in June to start charting the course for a turnaround under Italy's Fiat S.p.A.
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Altavilla, 45, helped Fiat S.p.A. battle the slump in European new-car sales and to seal the deal with Chrysler Group. Fiat Powertrain Technologies provides the automaker with its small, fuel-efficient engines.
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Congress today turned up the heat on General Motors Co. and Chrysler Group with a senior lawmaker calling for a U.S. Treasury Department review of decisions to cut more than 2,000 dealers. U.S. Sen. Jay Rockefeller, D-W.Va.
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Congress today turned up the heat on General Motors Co. and Chrysler Group with a senior lawmaker calling for a U.S. Treasury Department review of decisions to cut more than 2,000 dealers. U.S. Sen. Jay Rockefeller, D-W.Va.
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