Auto News 5

Chrysler's UAW members, facing the specter of the automaker seeking bankruptcy as early as Thursday, approved contract concessions that may help the company win additional U.S. rescue loans. Full story...

Auburn Hills, Mich., Apr 30, 2009 - Chrysler LLC today announced that, as a result of the comprehensive restructuring plan agreed to by many of its stakeholders, it has reached an agreement in principle to establish a global strategic alliance with Fiat SpA to form a vibrant new company. It will allow Chrysler and Fiat to fully optimize their respective manufacturing footprints and the global supplier base, while providing each with access to additional markets. Fiat powertrains and components will also be produced at Chrysler manufacturing sites. Full story...

DEARBORN, Mich., April 30, 2009 - Today's announcement that Chrysler is filing for Chapter 11 bankruptcy is an important development during this unprecedented period for the auto industry and the global economy. Full story...

Chrysler's UAW members, facing the specter of the automaker seeking bankruptcy as early as Thursday, approved contract concessions that may help the company win additional U.S. rescue loans. Full story...

A UAW union local representing some workers at a Chrysler LLC stamping plant in Twinsburg, Ohio, approved a modified labor contract with the automaker, the local said tonight. Full story...

President Barack Obama said tonight he is more optimistic than he was a month ago about Chrysler's prospects for surviving as a viable company in a merger with Fiat S.p.A. because of concessions made by lenders and unions. Full story...

Barack Obama is planning to announce Thursday morning that Chrysler LLC will file for Chapter 11 bankruptcy protection as it completes an alliance with Fiat S.p.A., Bloomberg News reported, citing people familiar with the matter. Full story...

Chrysler LLC and Fiat S.p.A. are prepared to complete an alliance by Thursday that would be taken into bankruptcy court as a key element of the U.S. automaker's restructuring plan if needed, a person with direct knowledge of the situation said. Full story...

With Chrysler LLC's bankruptcy prospects still up in the air, the company extended its major incentive programs through Monday, May 4. Full story...

Corinne Ball, the charismatic and hard-charging lead bankruptcy attorney for Chrysler LLC, is likely finding every one of her negotiating skills pushed to its limit this week. Full story...

Chrysler is continuing to make progress to complete a proposed alliance with Fiat and qualify for additional government loans, Chrysler CEO Bob Nardelli said on Wednesday. Full story...

President Obama is planning to announce Thursday morning that Chrysler LLC will file for Chapter 11 bankruptcy protection as it completes an alliance with Fiat S.p.A., Bloomberg News reported, citing people familiar with the matter. Full story...

Barack Obama is planning to announce Thursday morning that Chrysler LLC will file for Chapter 11 bankruptcy protection as it completes an alliance with Fiat S.p.A., Bloomberg News reported, citing people familiar with the matter. Full story...

The Obama administration said today U.S. automaker Chrysler LLC and Italy's Fiat SpA needed to clear some hurdles if they were to complete an alliance before an April 30 deadline for a deal. Full story...

Chrysler LLC and Fiat S.p.A. are prepared to complete an alliance by Thursday that would be taken into bankruptcy court as a key element of the U.S. automaker's restructuring plan if needed, a person with direct knowledge of the situation said. Full story...

Chrysler LLC and Fiat S.p.A. are prepared to complete an alliance by Thursday that would be taken into bankruptcy court as a key element of the U.S. automaker's restructuring plan if needed, a person with direct knowledge of the situation said. Full story...

He may be fuelled by Marlboro rather than the sun's rays, but Fiat CEO Sergio Marchionne is seen as the ailing auto industry's own Superman, with ambitions to acquire both Chrysler and Opel. Mark Bursa reports Full story...

Chrysler continues to make progress in its efforts to complete a proposed alliance with Fiat S.p.A. and qualify for additional government loans, Chrysler CEO Bob Nardelli said on Wednesday. The U.S. Full story...

Chrysler continues to make progress in its efforts to complete a proposed alliance with Fiat S.p.A. and qualify for additional government loans, Chrysler CEO Bob Nardelli said on Wednesday. The U.S. Full story...

Restructuring General Motors and Chrysler will directly affect potential output growth in Canada, Bank of Canada governor Mark Carney said. Full story...