Finally this week, the new Chrysler came into being, not withstanding a little last-minute legal niggle from a state pension fund manager, whose concerns were brushed aside.
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"Welcome to your new family, Mr. Marchionne." Beginning with those words, former Chrysler CEO Lee Iacocca and the rest of the National Chrysler Retirement Organization greeted Sergio Marchionne, CEO of Italy's Fiat S.p.A., today in a letter.
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The Italian government is to hold talks with Fiat management and unions on 18 June following its acquisition of Chrysler assets, industry minister Claudio Scajola said.
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Transplant automakers remain vulnerable to supply chain interruptions caused by the General Motors and Chrysler LLC bankruptcies, and are keeping in close communications with their suppliers.
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Auto parts maker Martinrea International Inc. said it plans to sell shares at a discount to raise working capital, a day after it said all receivables from General Motors and Chrysler were being paid on time.
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Transplant automakers remain vulnerable to supply chain interruptions caused by the General Motors and Chrysler LLC bankruptcies, and are keeping in close communications with their suppliers.
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Mazda Motor Corp. sees an opportunity to cherry-pick prime retail locations from the ranks of dealers cut loose by Chrysler LLC and General Motors. Executive Vice President Philip Spender said Mazda has been approached by numerous U.S.
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The trustees of the Voluntary Employee Beneficiary Association (VEBA) for retired UAW-represented workers at Chrysler have named James Blanchard as a director of Chrysler Holding.
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No specific timetable exists for the government to relinquish stakes in General Motors and Chrysler, a top US official has said.
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The Fiat-Chrysler alliance yields little potential strategic benefit for the Fiat Group, according to an equities analyst who spoke to just-auto today.
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After formalising its alliance with Fiat, Chrysler has announced a new "leaner, flatter" organisational structure "intended to restore brand promise and dealer confidence".
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When Italy's Fiat S.p.A. closed its deal with Chrysler today, the U.S. automaker again fell under European ownership after almost two years of control by private equity firm Cerberus Capital Management LP.
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A new Chrysler, culled from the best assets of the old company and led by Fiat, became a reality Wednesday.
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The White House today welcomed the completion of Italian carmaker Fiat S.p.A.'s takeover of Chrysler and said the new alliance was "poised to emerge as a competitive, viable automaker."
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Sergio Marchionne, the Fiat CEO who heads the reborn Chrysler Group LLC, appointed a new management team that retains former President Jim Press and created a brand organization that mimics Fiat's.
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Sergio Marchionne, the Fiat CEO who heads the reborn Chrysler Group LLC, appointed a new management team that retains former President Jim Press and created a brand organization that mimics Fiat's.
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Jerry York, the former Chrysler CFO who became an outspoken critic of General Motors as a board member, said Tuesday the bankruptcies for the two automakers were "absolutely necessary."
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I am pleased to report that we have closed the alliance agreement between Chrysler Group LLC and Fiat S.p.A. and have emerged from bankruptcy in record time.
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I am pleased to report that we have closed the alliance agreement between Chrysler Group LLC and Fiat S.p.A. and have emerged from bankruptcy in record time.
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Chrysler LLC completed the sale of its strongest assets to a group led by Fiat S.p.A. today, reviving the 84-year-old automaker after it was down to its last dollars and facing liquidation late last year.
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