Dec
4th
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Moody's Investors Service has downgraded the debt ratings of Chrysler LLC and its finance company Chrysler Financial Services Americas LLC. Full story...
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Dec
4th
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Moody's Investors Service has downgraded the debt ratings of Chrysler LLC and its finance company Chrysler Financial Services Americas LLC. Full story...
Dec
4th
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Chrysler CEO Robert Nardelli told Congress today that the automaker has identified about $4 billion in potential cost savings and improvements. Full story...
Dec
4th
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The collapse of auto industry sales has cost Chrysler LLC about $16 billion in lost revenues, CEO Bob Nardelli said in U.S. Senate testimony today. In submitting a request for a $7 billion loan to a U.S. Full story...
Dec
4th
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The United Automobile Workers union has said it will make major concessions in order help the US auto industry move forward. The announcement came after a meeting of members of UAW Ford, GM and Chrysler national councils yesterday. Full story...
Dec
4th
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General Motors and Chrysler are considering accepting a pre-arranged bankruptcy as the last-resort price of getting a multi billion dollar government bailout, Bloomberg reported, citing a person familiar with internal discussions. Full story...
Dec
3rd
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Another surprise from the mysterious house of smoke and mirrors, Chrysler LLC.
In the total absence of a regular information stream from the once fairly blabby (back when it was a public corporation) Chrysler, we are left to marvel aloud at the latest round of surprise moves from the now-secretive, privately held carmaker. At a hastily assembled news conference, CEO Bob Nardelli gleefully unleashed on the crowd three electric vehicles from the equivalent of nowhere. It might as well have been rabbits from a silk top hat, the jaded press corps was so stunned.
Photo Gallery: Chrysler's Trio of Electric Vehicles - Town & Country, Jeep Wrangler, Dodge Lotus Europa - Automobile Magazine
Dec
3rd
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Chrysler LLC co-President Jim Press left a rally at an auto dealership here today with a stack of petitions to Congress and emotional assent to his vow that )x("",we are going to win this. Full story...
Dec
3rd
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President-elect Barack Obama said today that General Motors, Ford Motor Co., and Chrysler LLC have put forward "more serious" bailout proposals to Congress. Full story...
Dec
3rd
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The Detroit 3 yesterday increased their appeals for federal loans beyond the $25 billion requested in November. General Motors, Ford Motor Co. and Chrysler LLC together are asking Congress to approve loans and credit lines that total $34 billion. Full story...
Dec
3rd
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The great-grandson of the man who founded the car-maker Chrysler in 1924 on Tuesday added his voice to the campaign to save the company, noting it also built 22,000 tanks in World War Two and rockets that put the first American on the moon. Full story...
Dec
3rd
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Chrysler CEO Bob Nardelli will ask Congress this week for a $7 billion bridge loan by Dec. 31 to help the automaker survive until market conditions improve. Chrysler will have about $2. Full story...
Dec
3rd
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Chrysler LLC chairman and CEO Robert Nardelli will present a business plan before various committees of the US senate this week to appeal for "bridge financing' for the suffering American auto industry. The plan was submitted yesterday to the Senate Committee on Banking, Housing and Urban Affairs and the House Committee on Financial Services. Full story...
Dec
3rd
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Ford, GM and Chrysler have publicly released their business plans that have been submitted to the U.S. Government in order to seek financial aid. While Ford seems to have enough cash on hand to survive a dark-looking 2009 sales year, GM and Chrysler need extra funding immediately. Full story...
Dec
3rd
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Ford, GM and Chrysler have publicly released their business plans that have been submitted to the U.S. Government in order to seek financial aid. While Ford seems to have enough cash on hand to survive a dark-looking 2009 sales year, GM and Chrysler need extra funding immediately. Full story...
Dec
2nd
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Chrysler needs a $7bn secured working capital bridge loan by 31 December or it may run out of cash and be unable to operate beyond the first quarter of next year, the automaker said in its submission to the Senate Committee on Banking ahead of the congressional hearing in Washington starting tomorrow (4 December). Full story...
Dec
2nd
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The Detroit 3 today increased their appeals for federal loans beyond the $25 billion requested in November. General Motors, Ford Motor Co. and Chrysler LLC together are asking Congress to approve loans and credit lines that total $34 billion. Full story...
Dec
2nd
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Chrysler CEO Bob Nardelli will ask Congress this week for a $7 billion bridge loan by Dec. 31 to help the automaker survive until market conditions improve. Chrysler will have about $2. Full story...
Dec
2nd
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The great-grandson of the man who founded the car-maker Chrysler in 1924 on Tuesday added his voice to the campaign to save the company, noting it also built 22,000 tanks in World War Two and rockets that put the first American on the moon. Full story...
Dec
2nd
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Chrysler president Jim Press has said his company needs an emergency bridge loan from Congress if it is to survive and execute a plan that will help it compete. Full story...