Auto News 5

The Canadian Auto Workers union said on Tuesday it would find cost cutting measures to remain competitive with the U.S. arms of General Motors and Chrysler LLC after the companies reached agreements in principal with the UAW. Full story...

Yesterday was 'go time' for Chrysler and General Motors- two of the 'Big Three' automakers who have asked Uncle Sam for bailout funds to ensure their continued operation. Full story...

General Motors and Chrysler LLC included bankruptcy scenarios in the viability plans they submitted to the federal government today -- but both companies continue to reject the option. Full story...

In submitting its viability plan to the federal government on Tuesday, Chrysler asked for an additional $2 billion beyond the $7 billion in loans it sought late last year and outlined further steps to cut costs. Full story...

DETROIT -- In submitting a viability plan to the U.S. federal government Tuesday, Chrysler asked for an additional $2 billion beyond the $7 billion in loans it sought late last year and outlined further steps to cut costs. Full story...

In submitting its viability plan to the federal government today, Chrysler LLC asked for an additional $2 billion beyond the $7 billion in rescue loans it sought late last year and stepped-up cost-cutting moves to combat falling sales. Full story...

The souring U.S. auto industry has claimed another victim: Product Action International LLC. The Indianapolis consulting firm that helps such clients as General Motors, Chrysler LLC and Toyota Motor Engineering and Manufacturing North America Inc. Full story...

The United States is not protectionist and there is "no bias" against Italian auto giant Fiat's possible tie-up with Chrysler, US House of Representatives Speaker Nancy Pelosi has said. Full story...

Daimler today reported a disastrous fourth-quarter loss weighed down by significant losses and charges at Chrysler. Daimler swung to a loss before interest and tax (EBIT) of 1.95 billion euros ($2.47 billion) in the fourth quarter of 2008. Full story...

Most US auto eyes will be on Washington DC this afternoon (GMT) when General Motors and Chrysler submit final restructuring/viability plans to the US treasury as part of the conditions of a first tranche of bailout loans at the turn of the year, and more help expected to be made available today. But nervous eyes will be watching from this side of the Atlantic, too as GM's European brands brace for the effects of the parent company's survival plan. Full story...

New US president Obama won't appoint a single, powerful "car czar" to oversee the revamping of General Motors and Chrysler, as originally thought, and will instead keep the politically delicate task in the hands of his most senior economic advisers, US reports at the weekend said. Full story...

Fiat may export some Europe-built cars to the United States to set the stage for possible U.S. production in mid-2011 under its proposed alliance with Chrysler LLC. Full story...

Automotive Lease Guide is slashing projected residual values of 2009 models sold by all of Chrysler LLC's brands and half of General Motors' brands. The cuts reflect the brands' uncertain futures, the guide company says. Full story...

On Tuesday, Feb. 17, Chrysler LLC must present to the U.S. Treasury Department its plan for survival. But the company's survival and#x2014; plan or no plan and#x2014; is very much in doubt. Full story...

Talks between the UAW and General Motors aimed at cutting costs and debt at the struggling automaker have broken down over union concerns about retiree healthcare, a person briefed on the talks said on Saturday. Full story...

Back before the term 'crossover SUV' became a household name, a few pioneers cleared the way for the breed of machinery that's now flooding the market and trying to take over the universe. Full story...

Back before the term 'crossover SUV' became a household name, a few pioneers cleared the way for the breed of machinery that's now flooding the market and trying to take over the universe. Full story...

Chrysler's viability plan due with the US government next week would have the automaker viable even if US sales stay at current depressed levels for four years, vice chairman Jim Press has said. Full story...

With all eyes on General Motors and Chrysler as their 17 February deadline to submit a viability plan to the US government in return for federal bailout loans - and more money still to come - looms, both have needed to make denials about their deals with Asian automakers. Full story...

Chrysler president and vice chairman Jim Press has insisted a partnership with Nissan Motor is continuing despite a Japanese news report claiming Nissan had shelved it. Full story...