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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About 150 auto dealers from around the country fanned out across Capitol Hill today in a last-ditch effort to get lawmakers to try to slow planned cuts by General Motors and Chrysler LLC.
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Auto dealers lobbied Congress today to try and slow plans by General Motors and Chrysler LLC to cut their ranks. "A rapid cut of dealers is a bad idea," John McEleney, chairman of the National Automobile Dealers Association, said in statement.
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Chrysler will offer new buyouts to workers at seven of its eight US plants slated for closure under its bankruptcy plans, the United Auto Workers union has said.
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The judge overseeing Chrysler's bankruptcy has cleared GMAC to provide finance to Chrysler dealers and customers.
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Japan's Mitsui Mining and Smelting has asked for US government guarantees on about JPY300m (US$3.07m) owed to it by bankrupt Chrysler, according to media reports.
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Chrysler's bankruptcy process could take as long as two years, rather than the two months suggested by President Barack Obama, a US administration official has said.
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The UAW has agreed not to strike Chrysler LLC until September 2015. The Detroit automaker, which declared bankruptcy April 30 to sell its valuable assets into an automaker run by Fiat S.p.A.
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The UAW has agreed not to strike Chrysler LLC until September 2015. The Detroit automaker has extended its contract with the union, according to documents filed yesterday in U.S. Bankruptcy Court in New York.
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The UAW has agreed not to strike Chrysler LLC until September 2015. The Detroit automaker has extended its contract with the union, according to documents filed yesterday in U.S. Bankruptcy Court in New York.
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Chrysler LLC's bankruptcy may take as long as two years, instead of the two months that U.S. President Barack Obama suggested as a target, Bloomberg said, citing an administration official.
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Chrysler LLC's bankruptcy may take as long as two years, instead of the two months that President Barack Obama suggested as a target, Bloomberg said, citing an administration official.
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Chrysler LLC's bankruptcy may take as long as two years, instead of the two months that U.S. President Barack Obama suggested as a target, Bloomberg said, citing an administration official.
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Lender GMAC LLC may provide financing to Chrysler dealers and customers, Chrysler's bankruptcy judge said today, enabling dealers to boost their inventories of vehicles again.
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Chrysler LLC dealers who fear they will lose their franchises as a result of the automaker's consolidation plan have formed a committee and have hired lawyers to represent their interests.
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Chrysler LLC dealers who fear they will lose their franchises as a result of the automaker's consolidation plan have formed a committee and have hired lawyers to represent their interests.
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Fiat's plan to combine Chrysler with Opel is unhealthy, according to Volkswagen chairman Ferdinand Piech.
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Chrysler LLC's lawyers have taken the unusual step of asking a judge to give their fees special priority, which attorneys on the case said suggests unsecured claims such as trade debts won't be paid.
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Chrysler LLC's lawyers have taken the unusual step of asking a judge to give their fees special priority, which attorneys on the case said suggests unsecured claims such as trade debts won't be paid.
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