Auto News 5

Chrysler LLC will proceed with Chapter 11 bankruptcy protection now that talks with debt holders have broken down, an administration official said today. Full story...

Chrysler LLC rushed to clinch a last-minute deal on Thursday to stave off collapse ahead of a midnight deadline. Full story...

There is "reasonable optimism" that a deal between Fiat S.p.A. and Chrysler LLC could be announced on Thursday, Italy's industry minister said on Thursday after talking with Fiat's top management. Full story...

Chrysler, an 84-year-old symbol of America’s manufacturing might, has filed for Chapter 11 bankruptcy in an unprecedented move announced Thursday by President Barack Obama. Full story...

Fiat's former marketing head Luca de Meo will be a great addition to Volkswagen's senior management team, said VW CEO Martin Winterkorn. Full story...

Auburn Hills, Mich., Apr 30, 2009 - Chrysler LLC today announced that, as a result of the comprehensive restructuring plan agreed to by many of its stakeholders, it has reached an agreement in principle to establish a global strategic alliance with Fiat SpA to form a vibrant new company. It will allow Chrysler and Fiat to fully optimize their respective manufacturing footprints and the global supplier base, while providing each with access to additional markets. Fiat powertrains and components will also be produced at Chrysler manufacturing sites. Full story...

President Barack Obama said tonight he is more optimistic than he was a month ago about Chrysler's prospects for surviving as a viable company in a merger with Fiat S.p.A. because of concessions made by lenders and unions. Full story...

Barack Obama is planning to announce Thursday morning that Chrysler LLC will file for Chapter 11 bankruptcy protection as it completes an alliance with Fiat S.p.A., Bloomberg News reported, citing people familiar with the matter. Full story...

Chrysler LLC and Fiat S.p.A. are prepared to complete an alliance by Thursday that would be taken into bankruptcy court as a key element of the U.S. automaker's restructuring plan if needed, a person with direct knowledge of the situation said. Full story...

Chrysler is continuing to make progress to complete a proposed alliance with Fiat and qualify for additional government loans, Chrysler CEO Bob Nardelli said on Wednesday. Full story...

Chrysler LLC and Fiat S.p.A. are prepared to complete an alliance by Thursday that would be taken into bankruptcy court as a key element of the U.S. automaker's restructuring plan if needed, a person with direct knowledge of the situation said. Full story...

Chrysler LLC and Fiat S.p.A. are prepared to complete an alliance by Thursday that would be taken into bankruptcy court as a key element of the U.S. automaker's restructuring plan if needed, a person with direct knowledge of the situation said. Full story...

President Obama is planning to announce Thursday morning that Chrysler LLC will file for Chapter 11 bankruptcy protection as it completes an alliance with Fiat S.p.A., Bloomberg News reported, citing people familiar with the matter. Full story...

Barack Obama is planning to announce Thursday morning that Chrysler LLC will file for Chapter 11 bankruptcy protection as it completes an alliance with Fiat S.p.A., Bloomberg News reported, citing people familiar with the matter. Full story...

The Obama administration said today U.S. automaker Chrysler LLC and Italy's Fiat SpA needed to clear some hurdles if they were to complete an alliance before an April 30 deadline for a deal. Full story...

Fiat's former marketing head Luca de Meo will be a great addition to Volkswagen's senior management team, said VW CEO Martin Winterkorn. Full story...

He may be fuelled by Marlboro rather than the sun's rays, but Fiat CEO Sergio Marchionne is seen as the ailing auto industry's own Superman, with ambitions to acquire both Chrysler and Opel. Mark Bursa reports Full story...

Chrysler continues to make progress in its efforts to complete a proposed alliance with Fiat S.p.A. and qualify for additional government loans, Chrysler CEO Bob Nardelli said on Wednesday. The U.S. Full story...

Chrysler continues to make progress in its efforts to complete a proposed alliance with Fiat S.p.A. and qualify for additional government loans, Chrysler CEO Bob Nardelli said on Wednesday. The U.S. Full story...

Fiat's alliance with Chrysler appears to be a "useful" business move that will not hurt Italian workers, but future consolidation in Europe might, an Italian labor leader said on Wednesday. Full story...