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Fiat S.p.A. and Chrysler LLC confirmed Tuesday that the Italian company intends to acquire an initial 35 percent stake in the U.S. carmaker. Full story...

Fiat S.p.A. and Chrysler LLC confirmed Tuesday that the Italian company intends to acquire an initial 35 percent stake in the U.S. carmaker. In a joint statement, Fiat, Chrysler and Chrysler's majority shareholder Cerberus Capital Management L. Full story...

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...

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...

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...

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...

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...

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...

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

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...