With General Motors following Chrysler today onto the rust heap of tarnished brands, there are plenty of shoulda-coulda-wouldas to be found.
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Even if General Motors and Chrysler LLC emerge swiftly from bankruptcy this summer, the Obama administration's autos task force will stay in business -- shifting to an investment manager role.
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US new light vehicle sales likely rose in May to close to a 10m unit annualised rate, supported by sales at closing Chrysler dealerships in the past week, Ford's chief sales analyst has said.
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A US bankruptcy court judge has approved the sale of substantially all of Chrysler's assets to a group led by Fiat hours before an expected bankruptcy filing by General Motors.
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A U.S. bankruptcy judge on Sunday approved the sale of most of Chrysler LLC's assets to a group led by Italy's Fiat S.p.A. The OK came hours before an expected bankruptcy filing by General Motors.
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Lee Iacocca, the car executive credited with saving Chrysler from bankruptcy in the 1980s, is to lose a big chunk of his pension and a guaranteed life-long company car due to the U.S. automaker's bankruptcy filing two decades later.
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Chrysler LLC today announced that the U.S. Bankruptcy Court, Southern District of New York, has approved its request to sell substantially all of its operations to Chrysler Group LLC, the new company formed in alliance with Fiat SpA.
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U.S. auto sales likely rose in May to a close to 10 million unit annualized rate, supported by sales at closing Chrysler dealerships in the past week, Ford Motor Co.'s chief sales analyst said. That would be the highest rate since January's 9.
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U.S. auto sales likely rose in May to a close to 10 million unit annualized rate, supported by sales at closing Chrysler dealerships in the past week, Ford Motor Co.'s chief sales analyst said. That would be the highest rate since January's 9.
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U.S. auto sales likely rose in May to a close to 10 million unit annualized rate, supported by sales at closing Chrysler dealerships in the past week, Ford Motor Co's chief sales analyst said.
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Fiat S.p.A. could turn to France's PSA/Peugeot-Citroen as a potential merger partner after its bid for Germany's Opel failed, but a deal would be full of complications.
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Fiat S.p.A. CEO Sergio Marchionne said today that his main focus right now is on Chrysler, shrugging off reports that General Motors and Canadian auto parts group Magna International Inc.
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One guess as to the two most-used words in the auto biz in the last week? No prizes for 'Chapter' and '11'. Chrysler's in it, GM is about to be in it, barring some sort of miracle over the weekend, and suppliers Visteon and Metaldyne filed for it. Not a good week, then.
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Lee Iacocca, the car executive credited with saving Chrysler from bankruptcy in the 1980s, is to lose a big chunk of his pension and a guaranteed life-long company car due to the U.S. automaker's bankruptcy filing two decades later.
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The U.S. bankruptcy judge overseeing Chrysler LLC's bankruptcy case said on Friday he would issue an opinion "sometime on Monday" on the automaker's proposed sale of most assets to a new company run by Italy's Fiat S.p.A.
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Chrysler LLC neared approval for its sale to a group led by Italy's Fiat S.p.A. after three days of testimony ended and parties shifted their attention to 350 objections from dealers and other opponents of the sale.
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Chrysler LLC hopes to end a third day of bankruptcy court hearings today with approval to sell most of its operations to a group led by Italy's Fiat, although opponents are likely file immediate appeals.
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The U.S. bankruptcy judge overseeing Chrysler LLC's bankruptcy case said on Friday he would issue an opinion "sometime on Monday" on the automaker's proposed sale of most assets to a new company run by Italy's Fiat S.p.A.
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Outgoing Chrysler CEO Robert Nardelli has said that entering bankruptcy, instead of liquidating, "best served" all the automaker's stakeholders.
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