Simon Boag, Chrysler LLC's president of Mopar and global parts and service, has left the company after three years. Boag, a native of Georgetown, Ontario, had held a series of high-ranking jobs since joining DaimlerChrysler AG in 2005.
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Chrysler LLC has scrapped its plan to buy seats for the 2010 Jeep Wrangler from an Indian seat supplier, Krishna Maruti Ltd.
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John Campi, Chrysler's purchasing chief who pushed for low-cost parts from Asia, told suppliers late Friday, Dec. 12, that he had resigned, effective that day. He cited health problems. Chrysler named Scott Garberding, 44, to replace Campi.
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Chrysler LLC co-President Jim Press delivered the news Friday, Dec. 12, in a nationally telecast pep talk to dealers: The sales bank is back and#x2014; at least until the end of the month.
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WASHINGTON -- Bush administration officials and automakers are working this weekend on a possible deal for emergency loans to prevent the collapse of General Motors and Chrysler LLC, says Sen. Bob Corker, R-Tenn.
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Failing what looks to be an increasingly likely 11th-hour rescue from the White House, Chrysler could be headed to bankruptcy court -- a move that could leave Omnicom Group on the hook for $80 million.
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Chrysler LLC purchasing chief John Campi told suppliers this afternoon that today is his last official day on the job. He said he was leaving because of health reasons. Chrysler named Scott Garberding to replace Campi.
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In a message to employees today, Chrysler CEO Bob Nardelli raised the possibility that Chrysler will have to make further cost cuts even if the White House approves a bailout.
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DETROIT (Reuters) - - AutoNation Inc.'s Mike Jackson, CEO of the biggest U.S. dealership group, said the collapse of a domestic automaker was unlikely as he "fully" expected the White House to extend bridge funding.
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We are witnessing staggering hypocrisy. The U.S. Senate late last night rejected an emergency bill to rescue Detroit automakers, putting nerves on edge and heightening the prospects that General Motors and Chrysler could collapse.
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The unthinkable moved a notch closer last night after the United States Senate failed to pass a $14bn emergency loan package for the Detroit Big Three. While Ford should be OK for now, there is a very strong chance GM and Chrysler will fail before 2008 is out, running short of the $4bn (GM) and $7bn (Chrysler) they need this month to pay suppliers, make payroll and keep the factory doors open.
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The unthinkable moved a notch closer last night after the United States Senate failed to pass a $14bn emergency loan package for the Detroit Big Three. While Ford should be OK for now, there is a very strong chance GM and Chrysler will fail before 2008 is out, running short of the $4bn (GM) and $7bn (Chrysler) they need this month to pay suppliers, make payroll and keep the factory doors open.
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General Motors and Chrysler face an immediate cash crisis in the aftermath of the Senate's rejection last night of a US$14bn emergency loan package, analysts have said.
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Hopes of a pre-Christmas rescue of Detroit's Big Three automakers - in particular General Motors and Chrysler which are fast running out of cash - faded last night after a Democrat-sponsored bill that passed the House of Representatives was torpedoed by Republicans in the Senate by 52 votes to 35 with 10 Republicans joining 40 Democrats and 2 independents in favour.
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Hopes of a pre-Christmas rescue of Detroit's Big Three automakers - in particular General Motors and Chrysler which are fast running out of cash - faded last night after a Democrat-sponsored bill that passed the House of Representatives was torpedoed by Republicans in the Senate by 52 votes to 35 with 10 Republicans joining 40 Democrats and 2 independents in favour.
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Chrysler LLC's suppliers have begun asking for cash on delivery for auto parts, the Associated Press reported late Thursday, citing an interview with executives.
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Senate Republicans today hardened their opposition to a House-passed bill that would provide $14 billion in immediate U.S. aid to General Motors and Chrysler LLC. Sen.
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Senate Republicans today hardened their opposition to a House-passed bill that would provide $14 billion in immediate U.S. aid to General Motors and Chrysler LLC. Sen.
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Chrysler UK has named experienced auto industry hands Jonathan Shaw as chief financial officer and Rob Hatfield as sales director.
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The White House and congressional Democrats on Tuesday night reached an agreement in principle on a $14 billion proposal for bailing out U.S. automakers and forcing them to restructure or fail, officials said.
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