UAW President Ron Gettelfinger said here today that the union didn't intend to make wage concessions as part of federal bailout provisions being demanded of General Motors and Chrysler LLC.
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Responding to pleas from worried dealers, Chrysler Financial has delayed by one month a deadline on a new policy of charging dealers fees on aging inventory on their lots.
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As Chrysler LLC and Fiat Group pursue a global partnership, the automakers are walking a fine line in the U.S. capital. Chrysler needs federal loans to keep operating, company officials say. But giving U.S.
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A tie-up between Chrysler and Fiat, as announced earlier this week, could "bring a whole new batch of fun to drive, fuel-efficient and environmentally friendly cars to [US] shores," according to an Edmunds.com editor.
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Chrysler LLC and Fiat S.p.A. have little in the way of engine and transmission technology that can be transplanted into each others vehicles, analysts say--at least not right away.
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Chrysler's private equity owner Cerberus Capital Management could move closer to exiting the automaker as a result of the proposed deal with Fiat, analysts have said.
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A partnership with Fiat partnership is the "piece of the puzzle" Chrysler needs to return to profitability, a senior executive has said.
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Italian motor giant and troubled US car maker agree to form an alliance
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Just as Chrysler LLC announced a sequel to its ownership saga, the struggling automaker also unveiled plans to help underwrite the fourth installment of the "Terminator" movie series.
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Chrysler LLC and Fiat S.p.A. have little in the way of engine and transmission technology that can be transplanted into each other's vehicles, analysts say -- at least not right away.
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For Chrysler LLC's dealers, there are more questions than answers about the newly announced alliance with Fiat S.p.A.
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Daimler still wants to sell its almost one fifth stake in Chrysler, a spokesman for the German company was quoted as saying on Tuesday, ahead of confirmation Fiat would join forces with the US automaker.
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Analysts today said Fiat's plan to take a 35 percent stake in Chrysler looked mostly positive for Fiat because it is a cheap way for it to enter the U.S. market -- still huge despite falling sales, especially for gas-guzzling vehicles.
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Fiat S.p.A. and Chrysler LLC confirmed today that the Italian company intends to acquire an initial 35 percent stake in the U.S. carmaker.
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Fiat, Chrysler and the automaker's private equity owner, Cerberus Capital Management, on Tuesday said they had signed a non-binding term sheet to establish a global strategic alliance that would see the Italian automaker take a 35% equity stake in the US firm.
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Fiat, Chrysler and the automaker's private equity owner, Cerberus Capital Management, on Tuesday said they had signed a non-binding term sheet to establish a global strategic alliance that would see the Italian automaker take a 35% equity stake in the US firm.
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Fiat's vice chairman has confirmed that Fiat is in partnership talks with Chrysler following reports of a deal that would see Fiat take a stake in Chrysler.
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Daimler still wants to sell its nearly 20 percent stake in Chrysler, a spokesman for the German automaker said Tuesday amid reports that Fiat would join forces with Chrysler. "We are still trying to divest our 19.
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Both Fiat S.p.A. and Chrysler LLC would fill significant gaps in their global businesses with the proposed alliance announced today.
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Fiat S.p.A. and Chrysler LLC confirmed today that the Italian company intends to acquire an initial 35 percent stake in the U.S. carmaker.
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