Details of Chrysler Bankruptcy, Restructuring Plan
Apr 30, 2009
Washington DC April 30, 2009; Reuters reported that the Obama administration summarized its plan for Chrysler's Chapter 11 bankruptcy and Chrysler's alliance with Fiat SpA (FIA.MI) as follows: BANKRUPTCY * Chrysler will use Section 363 of the federal bankruptcy code to "clear away the remaining impediments" to its rest ... Continue reading
Chrysler LLC and Fiat Group Announce Global Strategic Alliance to Form a Vibrant New Company
Apr 30, 2009
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 ... Continue reading
Apr 30, 2009
Auburn Hills MI April 30; David Bailey writing for Reuters compiled these facts about Chrysler Chrysler, the No. 3 U.S. based automaker, filed for Chapter 11 bankruptcy protection in New York on Thursday to complete a debt restructuring and help it cement an alliance with Italy's Fiat SpA (FIA.MI). Chrysler, about 80 p ... Continue reading
From Abruzzo a Special Fiat Ducato for the Visit of the Holy Father
Apr 30, 2009
The vehicle to be used by Pope Benedict XVI today for his visit to the areas hit by the earthquake was produced in the largest factory in Abruzzo. The special version of the Ducato Panorama, manufactured at the Sevel Val di Sangro plant located around one hundred kilometres from L'Aquila, has been provided by Fiat to t ... Continue reading
Late Night Meeting Glitch with Lenders May Send Chrysler into Bankruptcy
Apr 30, 2009
AUBURN HILLS, MI - April 30, 2009: According to a story filed by two AP writers in the wee hours Thursday morning, a meeting on Wednesday between Chrysler and its hedge-fund lenders came to a disastrous end when the lenders insisted on a âbetter deal.â The AP story states that, âTo entice the hedge funds ... Continue reading
Fiat Commits to CNG Power Now! Offers 6 New Models - IMPORTANT VIDEO STORY
Apr 29, 2009
EDITOR'S NOTE: In this video story Fiat correctly states the case for compressed natural gas versus gasoline. The great significance to this story is that Fiat may very soon be directing the fortunes of Chrysler. The Auto Channel has ardently campaigned for the immediate change to CNG and propane as America's primary e ... Continue reading
New Fiat Grande Punto Fleet Powers Into E.ON
Apr 27, 2009
More than 100 new Fiat Grande Punto vans have been delivered to leading power company E.ON in a deal designed to generate new savings in fuel, CO2 levels and cost of ownership. ... Continue reading
Duty Calls For Fiat's Range of Low Emissions Cars
Apr 27, 2009
Company car drivers choosing Fiat's most popular models are set to benefit from changes announced in the Budget that reward low emissions vehicles with reduced Vehicle Excise Duty. ... Continue reading
Chrysler and UAW Agree to Deal Before Federal Deadline
Apr 26, 2009
Following on the heels of CAW union ratification of new deal reports circulate that Chrysler and UAW also come to terms DETROIT - April 26, 2009: Chrysler and the United Auto Workers union have reached a tentative agreement that meets the federal governmentâs requirements for the automaker to receive more financin ... Continue reading
Apr 23, 2009
BERLIN/FRANKFURT April 23, 2009; Reuters reported that Fiat will sign on Tuesday a letter of intent to buy a majority stake in General Motors' struggling Opel unit, the website of German magazine Spiegel said on Thursday, citing sources. GM's is also in constructive talks with Austria's Magna Steyr (Toronto:MGA.TO - Ne ... Continue reading
Chrysler's Response to Fiat's Comments Regarding: Unions - VIDEO ENHANCED
Apr 16, 2009
EDITOR'S NOTE: It looks increasingly like Chrysler is moving towards the end of their lifeline. It's especially a shame because of the announced intentions of the company, as voiced by Jim Press during his presentation at the Western Automotive Journalists meeting last September. It really sounded like Chrysler had a w ... Continue reading
Fiat 500: 2009 Design Car Of The Year
Apr 14, 2009
The Fiat 500 has been elected 2009 Design Car of the Year by 59 journalists from around the world, beating 51 short listed cars from the world's top car makers. ... Continue reading
2009 New York Auto Show - Focus on Relevant Vehicles
Apr 9, 2009
NEW YORK April 8, 2009; Dan Strumpf writing for the AP reported that battered automakers are unveiling greener, hipper cars at the New York International Auto Show that they hope will satisfy scared buyers, while the company with the most to prove went the farthest Wednesday to show it still has a future. Chrysler LLC ... Continue reading
Flagship Hosts Glittering Abarth Celebrations
Apr 7, 2009
Fiat's central London flagship site was once again transformed into a top reception venue last week (2 April) - this time for a capital city celebration of Abarth. The flagship, Fiat Marylebone in London's Wigmore Street, was designed with fashion shows, art exhibitions and evening receptions in mind, as well as having ... Continue reading
Ducato Comfort-Matic Makes It Three in a Row for Fiat
Apr 3, 2009
It's three out of three for Fiat's Ducato motorcaravan, as it has just taken the coveted Which Motorcaravan Base Vehicle winner's accolade for the third year in a row. ... Continue reading
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