Even Chrysler's own executives thought bankruptcy for the automaker would mean liquidation. Instead, emergency surgery appears to have saved the patient, and sooner than many critics ever imagined.
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Even Chrysler's own executives thought bankruptcy for the automaker would mean liquidation. Instead, emergency surgery appears to have saved the patient, and sooner than many critics ever imagined.
Full story...
Even Chrysler's own executives thought bankruptcy for the automaker would mean liquidation. Instead, emergency surgery appears to have saved the patient, and sooner than many critics ever imagined.
Full story...
Fiat S.p.A. said in court papers on Friday that it is "already concerned" about the "deteriorating value" of the assets of alliance partner Chrysler LLC and that a U.S. district court should not obstruct its sale process.
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Fiat S.p.A. said in court papers on Friday that it is "already concerned" about the "deteriorating value" of the assets of alliance partner Chrysler LLC and that a U.S. district court should not obstruct its sale process.
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Bankrupt automaker Chrysler LLC's advisory firm said in court documents that, based on updated financial information, the financial recovery for lenders and the U.S. government would be worse under a liquidation scenario than it previously thought.
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The Senate Commerce Committee plans to call the CEOs of Chrysler LLC and General Motors to testify early next month about concerns over their plans to close hundreds of dealerships.
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A highlight of the week was to break off from all the GM/Chrysler/Fiat/Magna/GAZ etc hullaballoo for just one day and make our annual trip to the toy shop.
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"The [US] automotive industry cannot support the number of dealers currently in the marketplace. From 1990 until 2007, the industry averaged roughly 16m new vehicles sold each year. In 2009, new vehicles sold are expected to be 10.5m units," Chrysler sales and marketing chief Steven Landry said, as the company provided more detail of its thoughts over the 'rejection' of some 789 dealers.
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The U.S. Treasury Department said it has put another $7.5 billion into auto lender GMAC to enable it to support both Chrysler LLC and General Motors car buyers and partly meet a shortage of capital.
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Fiat has selected the three members it will appoint to the board of the newly formed Chrysler-Fiat entity once it emerges from bankruptcy, including Fiat Group CEO Sergio Marchionne and Fiat Powertrain Technologies CEO Alfredo Altavilla, according...
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Fiat has selected the three members it will appoint to the board of the newly formed Chrysler-Fiat entity once it emerges from bankruptcy, including Fiat Group CEO Sergio Marchionne and Fiat Powertrain Technologies CEO Alfredo Altavilla, according...
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The U.S. Treasury Department said it has put another $7.5 billion into auto lender GMAC to enable it to support both Chrysler LLC and General Motors car buyers and partly meet a shortage of capital.
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A U.S. senator says she is trying to buy more time for Chrysler dealers to shed inventory before their franchises are cut off on June 9.
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A U.S. senator says she is trying to buy more time for Chrysler dealers to shed inventory before their franchises are cut off on June 9.
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Business consultant Robert Kidder is set to become the new chairman of Chrysler Group when it emerges from bankruptcy. Kidder, 64, will replace Bob Nardelli, who was hired in 2007 after Daimler sold Chrysler to private equity group Cerberus.
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Former executives of Chrysler LLC have been told that they have to either return or buy back their company cars as part of the requirements of the company's bankruptcy proceedings.
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Chrysler has said that C. Robert Kidder, the former chairman of Borden Chemical and Duracell International, will become chairman of Chrysler Group once it completes its acquisition of the operating assets of Chrysler LLC and completes a global alliance with Fiat SpA.
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Fiat has selected the three members it will appoint to the board of the newly-formed Chrysler-Fiat entity once it emerges from bankruptcy, including Fiat Group CEO Sergio Marchionne and Fiat Powertrain Technologies CEO Alfredo Altavilla, according...
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Fiat has selected the three members it will appoint to the board of the newly formed Chrysler-Fiat entity once it emerges from bankruptcy, including Fiat Group CEO Sergio Marchionne and Fiat Powertrain Technologies CEO Alfredo Altavilla, according...
Full story...
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