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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: 176
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: 180
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: 195
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: 204
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: 186
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: 200
2009 Detroit Auto Show: Chrysler Limited Presentation Chrysler is having hard times and to avoid unnecessary expenses the auto manufacturer is planning very limited program for the 2009 Detroit Auto Show. Many of the things are going to be cancelled and as the company’s spokesman wrote at the corporate blog, it will be “less glitz and no giveaways”.First of all Chrysler gave up the free tickets for its executives to attend the black-tie charity preview at the show and free media lunches. There... Article added: 2009-01-12 06:34:17 Article Views Rating: 258
Chrysler starts to seek concessions necessary for recovery plan | detnews.com | The Detroit News DETROIT -- Chrysler LLC will meet with many of its stakeholders over the next two weeks to seek concessions to meet the targets outlined in the automaker's recovery plan. Chairman Robert Nardelli told reporters at the North American International Auto Show on Sunday that a range of concessions is being sought, but he would not be specific about the company's requests. Chrysler received $4 billion from the government in emergency loans last month that require the automaker to dramatically restructure... Article added: 2009-01-12 06:34:13 Article Views Rating: 170
Chrysler wants $3B more in bailout aid | detnews.com | The Detroit News DETROIT -- Chrysler LLC is seeking $3 billion in additional government aid and its finance arm is in advanced talks with the U.S. Treasury to obtain a multi-billion cash infusion that could be finalized by Friday, officials said. Chrysler is the only one among Detroit's Big Three automakers seeking immediate additional aid. General Motors Corp. said it had no plans to seek more aid beyond the $13.4 billion the U.S. Treasury Department is loaning it from the $700 billion Wall Street rescue fund, known as... Article added: 2009-01-12 06:34:09 Article Views Rating: 243 |
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