Ford's purchasing department has sent a memo to major Ford suppliers following Chrysler's Chapter 11 filing last week amid concerns over the wider impact of Chrysler's bankruptcy and production halt on the North American supplier industry generally.
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In today's News Brake: In an exclusive interview, GM CEO Fritz Henderson talks about the future of the Corvette; Chrysler says its 2010 models will be delayed; and Roger Penske is gazing at Saturn ... But Wait, There's More!
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Chrysler operations outside North America would not be affected by the bankruptcy filing in the US or the planned alliance with Fiat, a senior executive said on Tuesday.
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DUBAI (Reuters) -- U.S. automaker Chrysler said on Tuesday its organization outside North America would not be affected by a bankruptcy filing at home or its planned alliance with Fiat S.p.A.
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U.S. automaker Chrysler said on Tuesday its organization outside North America would not be affected by a bankruptcy filing at home or its planned alliance with Fiat S.p.A.
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DUBAI (Reuters) -- U.S. automaker Chrysler said on Tuesday its organization outside North America would not be affected by a bankruptcy filing at home or its planned alliance with Fiat S.p.A.
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Chrysler's US dealership network is on the verge of collapse because hundreds of dealerships have closed their doors this year and uncertainty about the company's future is driving consumers away, a bankruptcy court has heard.
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End in sight for US marque
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There were conflicting reports today about Saab's future under a proposed Chrysler-Fiat-GM Europe alliance.
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A United Auto Workers-aligned healthcare trust would quickly sell shares it would receive in a new Chrysler as soon as it could, union president Ron Gettelfinger has said.
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Chrysler has won interim approval from a US bankruptcy court to access a US$4.5bn loan as it tried to move ahead in its planned alliance with Fiat.
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Fiat chief Sergio Marchionne has outlined plans to merge Fiat, Chrysler and General Motors Europe into a new automotive group generating annual revenues of around EUR80bn and making 6-7m cars a year.
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Chrysler vice-chairman and president Tom LaSorda last week retired with immediate effect, the automaker said in a statement.
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Chrysler's Chapter 11 bankruptcy protection announcement last week may cause more supplier bankruptcies and will continue to drag down the domestic automaker's image, the Society of Automotive Analysts said.
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Chrysler LLC's car dealership network is on the verge of collapse, a U.S. bankruptcy court heard on Monday, as hundreds of dealerships have closed their doors this year and uncertainty about the company's future is driving consumers away.
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Ron Gettelfinger, whose UAW is poised to become the majority shareholder of a reorganized Chrysler LLC, says the union has no interest in being a long-term owner of auto company stock.
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Ron Gettelfinger, whose UAW is poised to become the majority shareholder of a reorganized Chrysler LLC, says the union has no interest in being a long-term owner of auto company stock.
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UAW President Ron Gettelfinger, whose union is poised to become the majority shareholder of a reorganized Chrysler LLC, says he has no interest in being a long-term owner of auto company stock.
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Chrysler LLC received bankruptcy court approval for $4.6 billion in debtor-in-possession financing today to make payments to dealers and suppliers and to buy time to complete an alliance with Fiat S.p.A.
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Chrysler LLC is asking for court permission to pay up to $753 million in dealer incentives during its 60-day bankruptcy period. The company also said in U.S. Bankruptcy Court here it won't make incentive payments to all of its dealers.
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