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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: 190
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: 151
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: 253
GM, Chrysler press dealers to order cars in coming months | detnews.com | The Detroit News General Motors Corp. and Chrysler LLC on Sunday urged dealers to keep ordering new cars and trucks in coming months despite an industrywide sales slump that has kept vehicles piling up on dealer lots. During a meeting at the National Automobile Dealers Association convention, Chrysler told dealers it will launch a major push to get retailers across the country to order vehicles, and consumers to buy them, ahead of a March 31 deadline to convince the government the automaker can survive. Chrysler and GM... Article added: 2009-01-26 06:38:13 Article Views Rating: 179
Gettelfinger: Deadline for GM, Chrysler restructuring plans may be unattainable | detnews.com | The Detroit News WASHINGTON -- United Auto Workers President Ron Gettelfinger said Monday that a Feb. 17 deadline for General Motors Corp. and Chrysler LLC to complete restructuring plans may be "unattainable." Last month, the U.S. Treasury Department agreed to loan the two cash-strapped automakers up to $17.4 billion to keep them afloat, contingent on the companies' filing detailed restructuring plans by Feb. 17 that include sacrifices from the UAW and bondholders, among others "Honestly, most people that have looked... Article added: 2009-01-20 11:04:53 Article Views Rating: 183
Reports: Chrysler, Fiat discuss partnership | detnews.com | The Detroit News AUBURN HILLS -- Fiat SpA is holding discussions with Chrysler LLC about taking a stake in the U.S. carmaker and creating a partnership that would allow the Italian automaker to build and sell its small cars in the United States, two publications reported Monday. Unnamed officials familiar with the discussions told The Wall Street Journal and Automotive News that Chrysler would have access to Turin-based Fiat's engine and transmission technology as part of a potential deal. Chrysler spokeswoman Lori... Article added: 2009-01-20 11:04:52 Article Views Rating: 164
Fiat in talks to buy big stake in Chrysler | detnews.com | The Detroit News After several attempts, Chrysler LLC may have found a partner. Italy's Fiat SpA could take a big stake in the Auburn Hills automaker in exchange for providing small-car platforms and engines under discussions taking place. Such a deal would allow cash-strapped Chrysler to quickly add small vehicles to its lineup and at little cost, while providing Fiat with an inexpensive ticket back into the U.S. auto market, people familiar with the situation said. They said the talks are at an advanced stage, with... Article added: 2009-01-20 11:04:50 Article Views Rating: 198
Chrysler Financial gets $1.5B | detnews.com | The Detroit News Chrysler LLC's financial arm won a $1.5 billion loan from the U.S. Treasury Department Friday, money that should help the automaker boost sales by making it easier for consumers to finance new cars and trucks. Chrysler Financial LLC got the first $100 million on Friday and became the latest automotive company to receive money from the $700 billion Wall Street rescue fund. Chrysler responded by unveiling a new incentive program to get customers into showrooms. The offer, effective immediately, includes... Article added: 2009-01-19 14:47:00 Article Views Rating: 207
Chrysler extends shutdown for three plants | detnews.com | The Detroit News Chrysler LLC is extending the shutdown of three of its plants for an additional week, citing continued slow sales due to the financial crisis and downturn in the auto industry. The automaker closed all 30 North American plants Dec. 19 for one month to reduce inventory. Workers at 23 of them will be back on the job beginning next week. Three plants will be down an additional week. They include: Sterling Heights Assembly Plant Chrysler Sebring and Dodge Avenger, Belvidere, Ill. Dodge Caliber and Jeep... Article added: 2009-01-16 06:07:15 Article Views Rating: 193
Chrysler extends plant shutdowns | detnews.com | The Detroit News Chrysler LLC is extending the shutdown of five plants, including three in Michigan, for another week, citing continued slow sales due to the financial crisis and industry downturn. The automaker closed all 30 North American plants Dec. 19 for one month to reduce inventory. Workers at 23 of them will be back on the job next week. Down an additional week are: Sterling Heights Assembly Plant Chrysler Sebring and Dodge Avenger; Belvidere, Ill. Dodge Caliber and Jeep Patriot and Compass; and the plant in... Article added: 2009-01-16 06:07:14 Article Views Rating: 204 |
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