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Jan
20th

Fiat plans to acquire 35% stake in Chrysler

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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. Full story...
Jan
20th

Fiat confirms plan to acquire 35% stake in Chrysler

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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. Full story...
Jan
20th

Report: Cerberus may cut 10% of workforce

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U.S. private equity firm Cerberus Capital Management LP, owner of automaker Chrysler LLC, may cut nearly 10 percent of its worldwide staff, Financial News said citing people familiar with the situation. Full story...
Jan
20th

Chrysler and Fiat sign term paper for Global Strategic Alliance

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Chrysler, Cerberus and Fiat announced early this morning that they have signed a non-binding term sheet that aims to establish a global strategic alliance. The alliance comes as part of Chrysler's viability plan and would give the American manufacturer access to competitive, fuel-efficient platforms and powertrains. Additionally, both automakers would be able to access one another's distribution capabilities, manufacturing capabilities and supplier base. Full story...
Jan
19th

Chrysler taps Kett to head Asia business

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Chrysler LLC has named John Kett vice president for Asia operations. Kett replaces Asia veteran Phil Murtaugh, who left the company last month. Full story...
Jan
19th

Report: Cerberus may cut 10% of workforce

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U.S. private equity firm Cerberus Capital Management LP, owner of automaker Chrysler LLC, may cut nearly 10 percent of its worldwide staff, Financial News said citing people familiar with the situation. Full story...
Jan
19th

Fiat, Chrysler in partnership talks:

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Fiat Group is negotiating with Chrysler LLC to form a strategic partnership that could include a Fiat equity stake in the ailing U.S. carmaker. Full story...
Jan
19th

ITALY: Talks on over FiatChrysler alliance – report

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Chrysler and Fiat are in talks over a strategic partnership that could see the Italian automaker take a stake in the ailing US firm, a trade paper reported late on Monday. Full story...
Jan
19th

Chrysler PT Cruiser hits the end of the road this summer:

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One of the original retro cars, the Chrysler PT Cruiser, is getting the ax. Full story...
Jan
19th

Fiat, Chrysler in partnership talks

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Fiat Group is in negotiations with Chrysler LLC to form a strategic partnership that could include a Fiat equity stake in the ailing U.S. carmaker. The pact would help Chrysler speed up and strengthen its ongoing restructuring plan. Full story...
Jan
19th

US: Fed funds finance new Chrysler loan offers

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Soon after finance arm Chrysler Financial was given access late on Friday to US$1.5bn from the federal TARP loan programme, Chrysler said customers with a wide range of credit scores would immediately be eligible for "affordable financing" including a new national zero percent APR offer on some models. Full story...
Jan
19th

Fiat, Chrysler in partnership talks

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Fiat Group is in negotiations with Chrysler LLC to form a strategic partnership that could include a Fiat equity stake in the ailing U.S. carmaker. The pact would help Chrysler speed up and strengthen its relaunch plan. Full story...
Jan
19th

US: Chrysler Financial gets $1.5bn federal loan

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Chrysler Financial has received access to up to US$1.5bn in loans from the US Department of Treasury's Troubled Asset Relief Program (TARP). Full story...
Jan
16th

Loan money in hand, Chrysler offers 0% financing

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With $1.5 billion in federal loan money on the way, Chrysler LLC rolled out an array of financing options including 0 percent to lure customers back into dealerships. Full story...
Jan
16th

Chrysler Financial gets $1.5 billion federal loan:

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The U.S. Treasury Department said today it will lend $1.5 billion to a new arm of Chrysler Financial Services LLC so that it can increase lending to vehicle buyers. Full story...
Jan
16th

Chrysler Financial gets $1.5 billion federal loan

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The U.S. Treasury Department granted $1.5 billion to a new arm of Chrysler Financial Services LLC so it can boost lending to vehicle buyers. The five-year loan carries a flexible interest rate. Full story...
Jan
16th

Chrysler awaits aid to Chrysler Financial

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Chrysler LLC's national dealer council met here this week amid reports that Chrysler Financial was about to receive a chunk of money from the U.S. Department of the Treasury. Chrysler Financial seeks $1. Full story...
Jan
16th

US: Chrysler extends three plant shutdowns

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Chrysler is extending shutdowns at three North American plants for another week. It had earlier extended its usual two-week Christmas holiday closures to a month. Full story...
Jan
16th

Chrysler extends shutdowns at 5 factories

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Chrysler LLC will extend shutdowns at five factories one week beyond the scheduled reopening date of Monday, Jan. 19. Assembly plants in Belvidere, Ill.; Sterling Heights, Mich.; and Toluca, Mexico, will reopen Jan. 26, the company said today. Full story...
Jan
15th

Chrysler extends shutdowns at 5 factories

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Chrysler LLC will extend shutdowns at five factories one week beyond the scheduled reopening date of Monday, Jan. 19. Assembly plants in Belvidere, Ill.; Sterling Heights, Mich.; and Toluca, Mexico, will reopen Jan. 26, the company said today. Full story...
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