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Canada wants Chrysler to flesh out plans | detnews.com | The Detroit News OTTAWA -- The Canadian government needs to get a better idea from Chrysler Canada about the implications for this country of the company's financial restructuring plan, said Industry Minister Tony Clement. In an interview Sunday on CTV's "Question Period," Clement said he is especially interested in finding out what product lines Chrysler LLC has in mind for its plants in Windsor and Brampton, Ontario. Chrysler provided only a sketchy outline of its latest proposals Friday, sending a brief letter to the... Article added: 2009-02-23 15:09:05 Article Views Rating: 177
Canada official seeks more detail on Chrysler plan | detnews.com | The Detroit News OTTAWA -- The Canadian government needs to get a better idea from Chrysler Canada about the implications for this country of the company's financial restructuring plan, says Industry Minister Tony Clement. In an interview Sunday on CTV's "Question Period," Clement said he's especially interested in finding out what product lines the Chrysler LLC Chrysler has in mind for its plants in Windsor and Brampton, Ontario. Chrysler provided only a sketchy outline of its latest proposals Friday, sending a brief... Article added: 2009-02-23 15:09:05 Article Views Rating: 168
GM, Chrysler rush plans | detnews.com | The Detroit News General Motors Corp. and Chrysler LLC are scrambling to finish key negotiations and fine-tune restructuring plans that will dramatically transform companies pushed to the brink of bankruptcy late last year. The automakers have had more than two months to slash costs and prove they can repay up to $17.4 billion in federal loans, despite the worst U.S. auto sales market since the 1980s. Preparations are expected to continue through the weekend to meet Tuesday's deadline to submit plans to the U.S... Article added: 2009-02-15 18:02:47 Article Views Rating: 177
GM, Chrysler labor talks slow as deadline nears | detnews.com | The Detroit News DETROIT -- Concession talks between the United Auto Workers and the Detroit Three shifted into an odd phase Saturday as negotiations broke off with General Motors Corp., slowed at Chrysler LLC and picked up speed at Ford Motor Co., financially the healthiest of the three, according to people briefed on the bargaining. The developments come as GM and Chrysler race toward a Tuesday deadline to submit plans to show the government how they will become viable and repay billions in loans that are keeping them... Article added: 2009-02-15 18:02:47 Article Views Rating: 145
GM, Chrysler credit union car buying program shows results | detnews.com | The Detroit News Credit unions closed about 25,000 vehicle sales for General Motors Corp. and Chrysler LLC in less than a month through their "Invest in America" campaign. The campaign with GM and Chrysler is proving successful since its nationwide launch Jan. 7, said David Adams, president of CUcorp, the marketing company for about 7,800 credit unions across the country. The program made $80 billion available in low-cost auto loans to new and current credit union members, on top of discounts on new vehicles. The... Article added: 2009-02-05 07:31:57 Article Views Rating: 185
GM, Chrysler offer new buyouts | detnews.com | The Detroit News Cash-strapped automakers General Motors Corp. and Chrysler LLC are offering another round of buyouts and early retirement packages to hourly workers in a move designed to help shed higher-paid employees in keeping with conditions of a $17.4 billion federal loan package. GM sent an e-mail to local United Auto Workers officials this afternoon outlining its latest offer. That offer includes a $25,000 voucher to buy a new GM vehicle and $20,000 cash to retirement-eligible workers and any UAW worker, said a... Article added: 2009-02-03 07:09:25 Article Views Rating: 216
Chrysler, GM offer new UAW buyouts | detnews.com | The Detroit News General Motors Corp. and Chrysler LLC are offering another round of buyout and early retirement packages to their 89,000 combined hourly workers -- a move that will help the automakers shed higher-paid employees to meet conditions for more competitive wages in return for federal assistance. Details on the offers came a day before automakers announce January auto sales, and as GM and Chrysler try to cut costs and trim debt to comply with the requirements of their federal loan packages. The United Auto... Article added: 2009-02-03 07:09:21 Article Views Rating: 194
Chrysler, Fiat meetings called 'positive' | detnews.com | The Detroit News Fiat SpA management spent time at Chrysler LLC in Auburn Hills over the weekend as the two automakers hammer out details of a proposed partnership, one of many ways Chrysler is working to show its viability in compliance with the conditions of $7 billion in requested government loans. Fiat chief executive Sergio Marchionne traveled from Italy for an informal meeting described as "positive" by Chrysler Chairman Robert Nardelli in a letter to employees Monday that provided updates on cost-cutting by all... Article added: 2009-01-27 13:55:58 Article Views Rating: 189
Chrysler plans road show to urge dealers to order vehicles | detnews.com | The Detroit News NEW ORLEANS -- Chrysler LLC plans a major sales push and cost-cutting campaign to strengthen its ability to survive ahead of a March 31 deadline to show the government it has a viable future, company executives told dealers Sunday. Chrysler Vice Chairman and President Jim Press, along with other executives, urged dealers gathered at the National Automobile Dealers Association annual convention to order their normal allocations of vehicles for February and March -- despite a sales slump that is squeezing... Article added: 2009-01-26 06:38:15 Article Views Rating: 149
GM: Saturn could survive; Chrysler: We'll be viable by spring | detnews.com | The Detroit News NEW ORLEANS -- General Motors Corp. said today the Saturn brand could survive a broad restructuring plan being developed that involves selling, shrinking or killing half of its eight brands. All possibilities are being considered but the options will be narrowed next month when the cash-strapped automaker submits a restructuring plan to Congress, said Mark LaNeve, GM's vice president for North America sales, service and marketing, while talking to reporters during the National Automobile Dealers... Article added: 2009-01-26 06:38:15 Article Views Rating: 251 |
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