New Chrysler to incorporate China business
Jun 11, 2009
New Chrysler to incorporate China business. A spokeswoman for Chrysler's China unit said its China business is operating normally and will be incorporated into the new Chrysler Group LLC, based on the agreement with Fiat, Shanghai Daily reported today. Chrysler LLC said it was not consider changing its development plan ... Continue reading
Survey Shows Public Wary of Government Running Auto Companies
Jun 11, 2009
More Than Half of Consumers Think Auto Companies' Bailouts were Bad Idea TUSTIN, CA - June 11, 2009: A just-completed national survey shows American consumers are skeptical of the U.S. governmentâs involvement in the auto industry, with 81 percent of respondents agreeing that the faster the government gets out of ... Continue reading
Bankruptcy Court Approves Chrysler's Rejection of Certain Dealer Contracts
Jun 9, 2009
AUBURN HILLS - MI June 9, 2009: The following statement can be attributed to Jim Press, Vice Chairman & President, Chrysler LLC or the company: âWe are pleased with the Judgeâs decision allowing us to go forward with the realignment of our dealer network. A financially strong, competitive dealership network c ... Continue reading
Supreme Court OKs Chrysler Sale to Fiat
Jun 9, 2009
WASHINGTON - June 9, 2009: Late this afternoon the U.S. Supreme Court gave the fianl go-ahead for Chrysler's sale to Fiat, turning down the last-ditch efforts by opponents to queer the deal. The court rejected a plea to block the sale of most of Chrysler's assets to the Italian automaker. Chrysler, Fiat and the Obama a ... Continue reading
Chrysler Dealers Unload Vehicles
Jun 8, 2009
Jersey City New Jersey June 8, 2009; Bree Fowler writing for the AP reported that Peter J. Walsh, the owner of Walsh Dodge in Jersey City, N.J., started out selling used cars in his hometown 28 years ago after the birth of his daughter. He slowly built his business, and felt as if he'd finally made it when he earned hi ... Continue reading
Jun 7, 2009
Investors Ask Supreme Court to Delay Chrysler Sale
Jun 7, 2009
WASHINGTON June 7, 2009; James Vicini writing for Reuters reported that Indiana pension funds asked the U.S. Supreme Court on Sunday to immediately delay the sale of bankrupt automaker Chrysler LLC to a group led by Italian carmaker Fiat SpA while they challenge the deal. The request, which moves the legal battle to th ... Continue reading
Chrysler Announces June Consumer Incentives
Jun 3, 2009
-- GMAC Financial Services activates Chrysler, Jeep and Dodge dealers for retail business AUBURN HILLS, Mich., June 3 -- Chrysler LLC today announced enhanced June incentives that will appeal to what consumers want as they shop for new Dodge, Chrysler and Jeep(R) vehicles. "Beginning this month we are pleased to offer ... Continue reading
Chrysler Gets Court Approval to Sell Assets to Fiat
Jun 1, 2009
AUBURN HILLS, MI - June 1, 2009: Late Sunday night a Federal bankruptcy judge finally approved Chrysler's sale of most of its assets to Fiat. The sale had faced as many as 300 objections from creditors, states' Attorneys General and pension fund groups. It's hoped that the deal with Fiat will allow Chrysler to restart ... Continue reading
Ex Chrysler Executive Says Fiat Was Only Option
May 28, 2009
NEW YORK, May 27, 2009; Fiat was the U.S. automaker's only shot at survival as no other carmaker would have been willing to give the company "a nickel." At a court hearing in U.S. bankruptcy court in Manhattan, former Chrysler executive Tom LaSorda said he never considered breaking up the automaker last year, although ... Continue reading
May 26, 2009
AUBURN HILLS, Mich., May 26 -- -- Chrysler LLC submits three proposals totaling $448 million for two Department of Energy (DOE) initiatives aimed at rapid vehicle electrification--The Transportation Electrification Initiative and Electric Drive Vehicle Battery and Component Manufacturing Initiative -- 50/50 cost-share ... Continue reading
Kelley Blue Book's Kbb.Com Names Their Top 10 Road Trip Cars of 2009
May 21, 2009
Kbb.com Editors Offer Their Top New Car Choices for Road Trips in a Variety of Categories IRVINE, Calif., May 21 -- The Top 10 Road Trip Cars of 2009, www.kbb.com/roadtripcars2009, were named today by the expert editors from Kelley Blue Book, www.kbb.com, the leading provider of new car and used car information. Memori ... Continue reading
C. Robert Kidder to Become Chairman of Chrysler Group LLC
May 20, 2009
AUBURN HILLS, Mich., May 20 -- Chrysler LLC today announced that C. Robert Kidder, former Chairman of Borden Chemical Inc. and of Duracell International Inc., will become Chairman of Chrysler Group LLC, once it completes its acquisition of the operating assets of Chrysler LLC and completes a global alliance with Fiat S ... Continue reading
Judge Refuses Motion to Postpone Chrysler Bankruptcy
May 20, 2009
judge declined on Wednesday to postpone Chrysler's bankruptcy to allow a district court to hear arguments about whether the U.S. government exceeded its authority in the reorganization of the automaker. An attorney for three state retirement funds from Indiana requested the bankruptcy hearings be postponed until a dist ... Continue reading
General Motors, Chrysler: Cutting Their Way to Greatness
May 18, 2009
Joel West SeekingAlpha May 17, 2009; The Big Three auto companies certainly arenât selling as many cars as they used to. As such, they need to reduce their fixed costs to more closely match their current revenues. Towards this end, the two sickest âU.S.â automakers are shedding dealers. Thursday, Chrysle ... Continue reading
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