Chrysler Financial said today it has paid off $1.5 billion in loans it had received from the U.S. Department of Treasury in January to fund vehicle loans and incentive programs for Chrysler consumers.
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The Obama administration's autos task force leader has stepped down Monday following General Motors and Chrysler emerging from bankruptcy protection under government-backed initiatives, officials said.
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Chrysler Group has said improved demand would allow it to maintain a third shift at a Canadian facility.
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Steven Rattner will leave as head of the U.S. autos task force, which oversaw bankruptcies at General Motors and Chrysler Group, at a time when a probe into how the private equity firm he co-founded gained New York pension business has intensified.
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Steven Rattner will leave as head of the U.S. autos task force, which oversaw bankruptcies at General Motors and Chrysler Group, at a time when a probe into how the private equity firm he co-founded gained New York pension business has intensified.
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U.S. auto task force leader Steve Rattner is stepping down following the bankruptcy exits of General Motors and Chrysler Group, the U.S. Treasury Department said. Task force member Ron Bloom will succeed Rattner.
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In today's News Brake: Honda says the hybrid CR-Z is a go; Mark Webber scores his first victory in Formula One; and Chrysler gives new life to the Dodge Viper ... But Wait, There's More!
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Chrysler Group is no longer selling off its Viper sports car business, the company announced at the weekend.
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Originally slated to cease production in December 2009, the Chrysler Group Conner Avenue Assembly Plant -- the exclusive home of Dodge Viper production since 1995 -- will continue to build the V-10 powered sports car. Chrysler Group is no longer pursuing a sale of the Viper business assets.
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Chrysler has reversed its decision to cancel the third shift at its Windsor, Ontario, minivan plant, saving 1,200 direct jobs, the head of the Canadian Auto Workers union said.
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Chrysler Group will continue making and selling Dodge Vipers after all. The company, under new ownership, today removed the for-sale sign from its Viper business and will continue making the sports car through 2010 and beyond
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Chrysler Group will continue making and selling Dodge Vipers after all. The company, under new ownership, today removed the for-sale sign from its Viper business and will continue making the sports car through 2010 and beyond
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The Dodge Viper has received a reprieve.
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Bankrupt Minnesota dealer and auto entrepreneur Denny Hecker resorted to fraud and forgery to obtain loans from Chrysler Financial, according to lawsuit filed this week by the captive lender.
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Congress is readying for a clash with the Obama administration by moving to reverse the closings or planned closings of nearly 3,200 dealerships by General Motors and Chrysler.
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The Automotive Lease Guide bumped up residual values for all three Chrysler brands in July, primarily because of the automaker's rapid exit from bankruptcy.
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Ford has asked the Canadian Auto Workers (CAW) union to match recent concession-filled labour deals with General Motors and Chrysler so the company can remain competitive, the union has said.
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The Canadian Auto Workers union has reached an initial agreement with General Motors and Chrysler to create a new healthcare trust that will manage the health benefits of more than 50,000 retirees.
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Chrysler on Sunday named its full new nine-member board following final appointments. Its first meeting is scheduled for 29 July.
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Chrysler Financial has announced it will restructure its business operations "to align operating expenses with current revenue expectations" due to declining vehicle sales, tight capital markets and the decision to shift Chrysler Group subvented retail business to GMAC. Its workforce will be cut by about 9%.
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