Fiat SpA has rejected reports that it will assume any current or future debt from Chrysler, with which it is planning to enter a partnership.
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The US government had barely announced aid for GM and Chrysler tier one suppliers last night before its counterpart north of the border chimed in to say it welcomed the US plans and, by the way, already had a similar programme for Canadian parts suppliers.
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The US treasury has announced a US$5bn aid programme for struggling components suppliers, leading to speculation the federal government will give more aid to General Motors and Chrysler.
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MILAN (Reuters) -- Italy's Fiat SpA denied today that it would assume any current or future debt from Chrysler LLC.
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Fiat S.p.A. is conducting environmental and safety reviews of Chrysler LLC factories this week as part of its plan to take a 35 percent stake in the U.S. automaker, said two people familiar with the effort. Fiat has hired Environ Holdings Inc.
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Fewer new car shoppers are considering vehicles from General Motors and Chrysler LLC at a time when consumer attention is focused on their request for further U.S. government aid, according to a survey released today.
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Fewer new car shoppers are considering vehicles from General Motors and Chrysler LLC at a time when consumer attention is focused on their request for further U.S. government aid, according to a survey released today.
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Fewer new car shoppers are considering vehicles from General Motors and Chrysler LLC at a time when consumer attention is focused on their request for further U.S. government aid, according to a survey released today.
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Fewer new car shoppers are considering vehicles from General Motors and Chrysler LLC at a time when consumer attention is focused on their request for further U.S. government aid, according to a survey released today.
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Chrysler LLC said proposed partner Fiat S.p.A. would assume 35 percent of its debt to the U.S. government and the U.S. automaker would no longer pay retention bonuses to key executives.
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Chrysler LLC said proposed partner Fiat S.p.A. would assume 35 percent of its debt to the U.S. government and the U.S. automaker would no longer pay retention bonuses to key executives.
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A group of workers and Canadian Auto Workers union officials ended their occupation of a Chrysler LLC parts factory in Windsor, Ontario, defusing a standoff that threatened production at the automaker's North American assembly plants.
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The Obama administration's autos task force may have a framework plan in place as early as next week for restructuring General Motors and Chrysler LLC, two lawmakers said.
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Chrysler's finance chief says his company is better equipped to survive the recession than General Motors and a safer bet for U.S. taxpayers who are keeping both automakers afloat, Bloomberg News reported today.
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Fiat S.p.A. is conducting environmental and safety reviews of Chrysler LLC factories this week as part of its plan to take a 35 percent stake in the U.S. automaker, said two people familiar with the effort. Fiat has hired Environ Holdings Inc.
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Fiat S.p.A. is conducting environmental and safety reviews of Chrysler LLC factories this week as part of its plan to take a 35 percent stake in the U.S. automaker, said two people familiar with the effort. Fiat has hired Environ Holdings Inc.
Full story...
Fiat S.p.A. is conducting environmental and safety reviews of Chrysler LLC factories this week as part of its plan to take a 35 percent stake in the U.S. automaker, said two people familiar with the effort. Fiat has hired Environ Holdings Inc.
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Workers occupying a closed auto parts plant in Ontario ended their sit-in after agreeing a compensation deal with former customer Chrysler which had earlier in the day won a court injunction giving police power to break up a union blockade.
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French supplier Plastic Omnium is keeping a close eye on accounts receivable from a pair of American automakers as the March 31 deadline approaches for General Motors and Chrysler to prove their viability to the U.S. government.
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Chrysler introduced soccer moms to the minivan over twenty-five years ago, and now Chrysler is once again leading the people-carrier market with the Chrysler Town & Country EV. This seven-passenger vehicle is a modern gas-electric hybrid version of the standard Town & Country.
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