Chrysler: Daimler Withdrawal Benefits the Fiat Deal
28 Apr 2009, 15:38 UTC · By: Daniel Patrascu / As we reported earlier today, German manufacturer Daimler announced it will give up its 19.9 percent stake in Chrysler. Even if the reason why the Germans chose to do this is yet unclear, the move i...
UAW to Own 55 Percent in Chrysler
28 Apr 2009, 12:12 UTC · By: Daniel Patrascu / After late last night UAW local chiefs approved, unanimously, the labor concessions proposed by Chrysler (the cutting of cash payments to a retiree fund), rumors surfaced today that the UAW agreed t...
Daimler Agrees to Cease Stake in Chrysler
28 Apr 2009, 07:25 UTC · By: Bogdan Popa / Daimler AG today announced that it has decided to unload its stake in Chrysler and erase all debts, "which were already written off in the 2008 financial statements". Furthermore, the Germ...
Chrysler's Green Mile...
27 Apr 2009, 14:57 UTC · By: Alex Oagana / ... Before the April 25-26 weekend came to an end, there was an increasing wave – or should I say tsunami? - of media reports concerning the completely inevitable Chapter 11 reorganization of ...
Fiat Says Love for Chrysler Never Dies. Even with Chapter 11...
27 Apr 2009, 10:02 UTC · By: Bogdan Popa / Even if recent media reports are hinting that Chapter 11 is imminent for Chrysler, Fiat is apparently still aiming to complete the strategic alliance it announced in mid-January, an insider told Aut...
US Treasury Gives GM $2 Billion
27 Apr 2009, 08:18 UTC · By: Bogdan Popa / The United States Treasury department agreed to direct up to $2 billion in state loans to General Motors, the American car manufacturer who is likely to get up to $5 billion in government funds, acc...
Chrysler, CAW Ratify Contract
27 Apr 2009, 07:07 UTC · By: Bogdan Popa / Chrysler today announced that members of the Canadian Auto Workers (CAW) union have finally voted to ratify the contract, following the tentative agreement reached this weekend by the two sides. ...
GM Cuts 20% of Its Marketing Staff
26 Apr 2009, 17:13 UTC · By: Daniel Patrascu / After US automakers GM and Chrysler announced at the beginning of this year their intention to cut off a significant percent of the marketing budget, the two companies finally got to this part of th...
Chrysler – CAW Tentative Agreement, Official Statements Inside
26 Apr 2009, 10:30 UTC · By: Bogdan Popa / Although recent media reports claim bankruptcy is imminent for the American car giant Chrysler, the automaker yesterday announced it has made another step towards government funds by reaching a tent...
Fiat CEO: Some Automakers Must Shrink!
24 Apr 2009, 14:09 UTC · By: Bogdan Popa / With the Fiat - Chrysler alliance negotiations making the headlines every day, Sergio Marchionne, chief executive of the Italian automaker, insisted that some automakers must indeed bite the dust be...
US Prepares Chrysler for Bankruptcy
24 Apr 2009, 13:05 UTC · By: Bogdan Popa / It seems like Chrysler's fate is now sealed: the American car giant is going nowhere but towards Chapter 11, as bankruptcy remains the only possible option taking into account the current situa...
Fiat Submits Bid for Opel
23 Apr 2009, 15:44 UTC · By: Daniel Patrascu / With a swift blow to Chrysler's groin, Fiat has submitted an offer to take over Opel, one of GM's brands. Or at least this is what recent reports claim, backed by Klaus Franz's, chair...
Fiat Denies Chrysler Alliance Is Almost Done
23 Apr 2009, 12:22 UTC · By: Bogdan Popa / Rumors surrounding the Fiat-Chrysler alliance continue to surface and a recent report even claimed that the agreement is "90 percent done". Nevertheless, officials of the two companies con...
Chrysler Minivan EV for the US Postal Service
23 Apr 2009, 10:15 UTC · By: Daniel Patrascu / For those of you who don't know, today is Earth Day in the US, an opportunity for tree huggers to state their point (and watch, for the 100th time "An Inconvenient Truth"), for oil co...
Fiat Will Name Chrysler's Board
17 Apr 2009, 16:15 UTC · By: Daniel Patrascu / If the alliance between the two manufacturers eventually takes shape, Fiat will not limit itself to the 35 percent stake in the American manufacturer, but will also get control of Chrysler's bo...
Fiat Denies Rumors, Says Not Interested in Opel
17 Apr 2009, 16:03 UTC · By: Bogdan Popa / Following a report that Fiat may turn its attention on Opel in case the Chrysler alliance becomes impossible, Fiat Chairman Luca Cordero di Montezemolo came out and denied the speculation, saying th...
Chrysler to Launch Full-Electric Sports Car By 2010
16 Apr 2009, 14:53 UTC · By: Bogdan Popa / Even if the company is yet unsure whether it is able to get through the crisis and keep its head above the water, rumors surrounding its future models keep coming. The latest in this series is a rep...
Chrysler Replies to Fiat's Threats
16 Apr 2009, 10:44 UTC · By: Daniel Patrascu / As we told you yesterday, Chrysler's difficulties into reaching a convenient agreement with unions from both Canada and the US have placed future-maybe-partner Fiat in a defensive stance. Fiat&...
Chrysler Pledges for New Jobs in Michigan
15 Apr 2009, 12:54 UTC · By: Bogdan Popa / As part of the Chrysler - A123Systems partnership to build a full-scale battery manufacturing facility in Michigan, the American car manufacturer today reaffirmed its commitment to help the local a...
Fiat-Chrysler Alliance Near Death
15 Apr 2009, 10:04 UTC · By: Daniel Patrascu / The trans-Atlantic love story between Chrysler and Fiat may come to an end even before it really began. As in all such stories, at fault is neither of the two sides, but a third interested party whi...