Two influential automotive marketers have been added to the May 20 Automotive News Marketing Seminar at the Westin Bonaventure Hotel in Los Angeles.
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Two influential automotive marketers have been added to the May 20 Automotive News Marketing Seminar at the Westin Bonaventure Hotel in Los Angeles.
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Chrysler's planned alliance with Fiat passed another hurdle after the US Federal Trade Commission ruled there were no competitive issues.
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General Motors is likely to follow Chrysler and make a quick sale of its best assets to a new operating company if it files for bankruptcy on 1 June, the automaker has said in a regulatory filing.
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General Motors said Thursday said that if it files for bankruptcy it would most likely pursue a quick sale of its best assets to a new operating company similar to the process now reshaping Chrysler LLC.
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If all goes according to Chrysler's plan, Ray Cottrell will lose his Chrysler-Jeep-Dodge franchise in June.
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Dealers across the United States reacted with a mixture of anger and sadness today to word that bankrupt automaker Chrysler LLC plans to eliminate franchise agreements with them as part of its restructuring efforts.
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U.S. lawmakers whose home districts include General Motors and Chrysler LLC operations in Michigan are weighing the possibility of legislation to help auto dealers being dropped by the two distressed companies.
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Chrysler LLC's planned alliance with Italy's Fiat S.p.A. poses no competitive issues, the U.S. Federal Trade Commission said today.
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Chrysler LLC's planned dealer cuts "are necessary for this company and the industry to succeed," the U.S. Treasury Department said today.
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Chrysler LLC plans to transfer health benefits for its 19,000 non-union retirees and their spouses to a new company led by Fiat S.p.A., a lawyer for the retirees said today. The benefits have cost the company $7.
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Chrysler on Thursday afternoon (BST) said it had asked the US bankruptcy court for clearance to axe 798 US dealers and had also filed a list of US dealers whose agreements would "be assigned to the buyer of its business assets".
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Staff at Fiat's Termini Imerese plant in Sicily stopped work and blocked a road on Thursday in protest at reports the factory would close if the automaker merged with Chrysler and General Motors Europe to create the world's second-biggest carmaker.
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Ford Motor Co. executives face stockholders today to detail the automaker's plans to complete a turnaround without resorting to U.S. government help and steer clear of the industry collapse now swallowing rivals General Motors and Chrysler LLC.
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Chrysler LLC notified its U.S. retailers today about its plans to shut down 789 dealerships, or 25 percent of its total, by June 9. The automaker sought approval to terminate dealer agreements in a U.S. Bankruptcy Court filing.
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Chrysler LLC will eliminate 789 dealers, or 25 percent of its U.S. network, by June 9, according to a memo sent today to retailers in one sales region. Dealers are learning of their fate via UPS letters to be delivered this morning, the memo says.
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Chrysler's plan to eliminate a quarter of its U.S. dealerships by June 9 means the vast majority of the surviving stores will sell the Jeep, Dodge and Chrysler brands under the same roof.
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General Motors and Chrysler collectively plan to axe up to 3,000 US dealers and are expected to begin sending notifications out as early as today (14 May), media reports said.
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Lear Corp. posted a $264.8 million net loss for the first quarter as the seating and electronics supplier was battered by plant closings at Chrysler LLC and General Motors and braces for more. Net sales dropped 44 percent to $2.17 billion.
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While more and more information keep coming about Chrysler closing 789 dealerships in the United States by June 9, 2009, it looks like Canada will be spared and retain all three corporate brands -- Chrysler, Jeep and Dodge.
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