Canada's government has threatened to cut off aid to Chrysler unless the Canadian Auto Workers (CAW) union agrees concessions of C$19 an hour to enable the automaker to finalise its proposed alliance with Fiat.
Full story...
CAW President Ken Lewenza today accused Chrysler LLC of trying to undermine his union's authority by sending an e-mail directly to roughly 9,000 Chrysler union workers in Canada.
Full story...
Chrysler LLC's Canadian manufacturing operations will not survive in the long-term without significant concessions from the Canadian Auto Workers, the company said in a letter to employees today.
Full story...
Chrysler would cede control of its board and ultimately senior leadership if it completes a planned alliance with Italy's Fiat SpA, Chrysler CEO Bob Nardelli said. The U.S.
Full story...
Chrysler would cede control of its board and ultimately senior leadership if it completes a planned alliance with Italy's Fiat SpA, Chrysler CEO Bob Nardelli said. The U.S.
Full story...
The UAW and Italy's Fiat S.p.A. could be Chrysler LLC's leading shareholders if the struggling U.S.
Full story...
The UAW and Italy's Fiat S.p.A. could be Chrysler LLC's leading shareholders if the struggling U.S.
Full story...
The UAW and Italy's Fiat S.p.A. could be Chrysler LLC's leading shareholders if the struggling U.S.
Full story...
Workers at General Motors and Chrysler LLC in Canada must take wage and benefit cuts of as much as C$19 ($15.77) an hour to keep the carmakers from bankruptcy protection, Canada's Industry Minister told a newspaper.
Full story...
The Canadian Auto Workers will reopen negotiations with Chrysler on Monday but is sticking to its position that it won't cut labour costs to the level of US and Canadian foreign-owned transplant factories even after Fiat SpA chief executive officer Sergio Marchionne threatened to walk away from a strategic alliance with Chrysler unless the union gives in.
Full story...
In today's News Brake: The FIA rules on the controversial new diffusers; the new Aston Martin Rapide breaks cover; and a Chrysler-Fiat update...But Wait, There's More!
Full story...
The US treasury department has distributed US$5bn in government aid to General Motors and Chrysler suppliers.
Full story...
The Canadian Auto Workers union said today it planned to be back at bargaining table with Chrysler on Monday to resume talks that have been stalled since the beginning of April.
Full story...
The US government is pressuring the creditors of General Motors and Chrysler to help the carmakers return to health by swapping debt for equity. That might work if the lenders thought the equity was worth something. And it might be - if the two companies merged and crunched out substantial costs. [This article was provided by breakingviews.com.]
Full story...
Fiat S.p.A. CEO Sergio Marchionne said he is ready to abandon plans to form a partnership with Chrysler LLC unless the U.S. carmaker's unions accept substantial labor cost reductions by the end of the month.
Full story...
The message in Fiat chief Sergio Marchionne's interview with a Canadian newspaper on a possible merger between his firm and Chrysler was short and to the point: 'cut costs or we walk'.
Full story...
Fiat S.p.A. CEO Sergio Marchionne said he is ready to abandon plans to form a partnership with Chrysler LLC if the U.S. carmaker's unions refuse to accept substantial labor cost reductions by the end of the month.
Full story...
Fiat S.p.A. CEO Sergio Marchionne said he is ready to abandon plans to form a partnership with Chrysler LLC if the U.S. carmaker's unions refuse to accept substantial labor cost reductions by the end of the month.
Full story...
U.S. President Barack Obama offered a "fervent hope" for Chrysler LLC and General Motors' survival on Tuesday as GM bondholders said completing the automaker's restructuring outside bankruptcy has become increasingly less likely.
Full story...
Chrysler LLC's first-lien lenders are preparing a counter-offer for the U.S.
Full story...
The latest auto news, reviews, prices, product and vehicle releases.