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THURSDAY, NOVEMBER 26, 2009
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NEWS ABOUT: Chrysler

Chrysler stories: 253 news summaries

21 - 40 of 253 Stories | << Prev 1 2 3 4 5 6 ... 13 Next >>

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(Newser) - The Obama administration foisted the Fiat alliance on Chrysler, brushing aside its concerns about Fiat’s financial health and unwillingness to share technology, the Wall Street Journal reports. E-mails filed during Chrysler’s bankruptcy proceedings show Fiat ignoring requests for documents, reluctant to ante up funds, and... More »

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Chrysler • mergers and acquisitions • Robert Nardelli • Treasury Department • auto industry • Fiat

(Newser) - A federal appeals court today approved the sale of Chrysler to Italian automaker Fiat over objections from debt holders in Indiana, the Wall Street Journal reports. The court put the sale on hold until Monday afternoon, or until the Supreme Court issues a stay—which Indiana investors say they... More »

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Chrysler • bankruptcy • US Appeals court • Indiana • Fiat • Federal Court of Appeal

Indiana Makes Final Attempt to Block Chrysler Sale

State treasurer argues that deal tramples on bankruptcy law, Constitution

Jun 5, 09 5:49 AM CDT
(Newser) - Indiana's attempt to block Chrysler's sale to Fiat moves to a federal appeals court today, the Washington Post reports. The state's treasurer, who oversees three state pension and construction funds that hold $42 million of Chrysler's debt, is arguing that the deal to bring the company out of bankruptcy violates... More »

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Chrysler • bankruptcy • Indiana • Fiat • auto bailout

 US Automakers See 
 Sales Increase in May  

Ford, GM have best month of 2009

Jun 2, 09 4:46 PM CDT
(Newser) - Some actual good news for the auto industry: All three US automakers saw sales of new cars jump from April to May, reports the New York Times. Granted, sales are still way down compared to last year, but the month-to-month leap offers a glimmer of hope among the bankruptcy headlines.... More »

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Chrysler • Toyota • General Motors • Detroit • Honda • Nissan • Ford • auto industry • auto sales

(Newser) - Chrysler could shed its bankruptcy protection as soon as today, the Wall Street Journal reports, after Judge Arthur Gonzalez greenlighted the sale of the automaker's assets. Some Chrysler dealers and a group of Indiana pension funds had opposed the deal, which will split Chrysler between Fiat, the UAW, and... More »

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Chrysler • bankruptcy • Fiat • U.S. Bankruptcy Court • prepackaged bankruptcy

Big Three See Bumpy Road With 20-Somethings

Demographic key to rebuilding for US automakers

May 29, 09 2:23 PM CDT
(Newser) - Detroit automakers face a hard road when it comes to Generation Y—consumers aged 22-32 whose business is crucial to securing the firms' futures, BusinessWeek reports. Their boomer parents broke from tradition by shifting to Japanese cars, and Gen Y is following in those footsteps. Detroit “simply must do... More »

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Chrysler • baby boomer • Toyota • General Motors • Detroit • automaker • Ford • Big Three • Generation Y • US automakers • Japanese auto industry

(Newser) - General Motors will file for bankruptcy protection Monday, insiders tell Bloomberg. The company has apparently decided that it cannot make the government-mandated June 1 deadline to shed $44 billion in debt. The timeline is unclear, but bondholders' agreement today to forgive debts in exchange for a stake in the “... More »

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Chrysler • General Motors • debt • recession • Treasury Department • Chevrolet • auto industry • Cadillac • bankruptcy protection • bondholder

GM Bankruptcy a Gold Rush ... for Lawyers

Most complex filing ever will net hundreds of millions in legal fees

May 26, 09 7:07 AM CDT
(Newser) - GM's expected bankruptcy is bad news for thousands of auto workers, dealers and managers—but a bonanza for the lawyers and consultants orchestrating the most complicated Chapter 11 in history. Bankruptcy specialists who are already billing Chrysler, Lehman Brothers and the US government stand to make hundreds of millions of... More »

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Chrysler • bankruptcy • General Motors • Detroit • Lehman Brothers • lawyer • auto industry • Chapter 11 • U.S. Bankruptcy Court

 Fire Sale Sweeps 
 Chrysler Dealerships 

Prices hit rock bottom before June 9 deadline

May 26, 09 6:12 AM CDT
(Newser) - Those well-worn "Rock-Bottom Price!" and "Must Go!" stickers are more than sales pitches at nearly 800 dealerships cut loose by Chrysler, which have to sell by June 9 or lose vehicles to auction. The bankrupt automaker refused to buy back some 44,000 cars, reports ABC... More »

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Chrysler • bankruptcy • automaker • Dodge • US automakers • auto bailout

 Ford Courts 
 GM, Chrysler 
 Customers 

Helps pay off their loans, trains dealers in 'conquests'

May 22, 09 12:25 PM CDT
(Newser) - With General Motors and Chrysler struggling, Ford is moving to pick off some of its rivals’ customers, the Detroit News reports. The firm is passing cash to its dealers to ease Chrysler owners’ loan payments—so they can pick up Fords. Ford may soon do the same for GM owners.... More »

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Chrysler • General Motors • Detroit • automaker • Ford • auto industry • Big Three

 Feds to Send GM 
 Into Bankruptcy 

Rejection of survival plan means GM may go into bankruptcy as Chrysler emerges

May 22, 09 2:12 AM CDT
(Newser) - The Obama administration is preparing to steer General Motors into bankruptcy next week, sources tell the Washington Post. The restructuring plan, which aims to shrink GM and turn it into a globally competitive automaker, will bring the company an extra $30 billion in federal loans, for a total of $45... More »

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Chrysler • bankruptcy • General Motors • auto industry • Obama administration • UAW

 GMAC Gets 
 New $7B Bailout 

Treasury could double the injection as it moves closer to majority stakeholder

May 21, 09 7:19 AM CDT
(Newser) - The Treasury is prepared to inject another $7 billion into GMAC as the first stage in a new bailout that could double to $14 billion, putting the government on a trajectory to be the majority stakeholder in both GMAC and General Motors by year's end, the Wall Street Journal reports.... More »

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Chrysler • General Motors • bailout • GMAC • financial crisis • auto bailout

Auto Newcomer
Will Head Chrysler-Fiat

Former Duracell chief sees 'exciting new era' after bankruptcy

May 20, 09 4:42 PM CDT
(Newser) - Post-bankruptcy, Chrysler head Robert Nardelli will cede his position to former Duracell chief C. Robert Kidder. Kidder will run the new Chrysler-Fiat alliance being hashed out in court, the Detroit News reports. Kidder is currently lead director on the board of Morgan Stanley—one of Chrysler’s creditors—and his... More »

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Chrysler • bankruptcy • Robert Nardelli • US automakers • Fiat • C. Robert Kidder

 Dealer Cuts Mean Deals 
 on Chrysler, GM Cars 

Closing dealership networks have just weeks to move massive inventory

May 18, 09 9:32 AM CDT
(AP) - At 789 Chrysler lots across America sit 44,000 potential bargains, cars and trucks that are stuck between shellshocked dealers and a troubled company that no longer wants their services. The dealers have just a few weeks to sell the Chryslers, Dodges, and Jeeps or risk losing thousands of dollars... More »

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Chrysler • Japan • General Motors • United States • auto industry • inventory

(Newser) - Hundreds of Chrysler dealers are reeling from notices that give them less than a month to close up shop, CBS News reports. "This was a sucker punch for my brother and I," said Rob Engel, who has been selling Chrysler vehicles in New Jersey since the Reagan presidency.... More »

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Chrysler • bankruptcy • General Motors • car dealers

 Chrysler Woos 
 Current Owners 
 With $1K Coupons  

Company hopes to help sales

May 15, 09 10:04 AM CDT
(Newser) - In an effort to boost sales, bankrupt Chrysler is planning to send $1,000 coupons to all its current customers, the Wall Street Journal reports. The certificates, good toward the purchase of any new Chrysler vehicle, will be mailed in the next month or so with a letter from CEO... More »

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Chrysler • Robert Nardelli • auto industry • coupons • bankruptcy protection • Jay-ZTV

(Newser) - African-American and Latino car dealers will likely take a big hit in the dealership closures announced by Chrysler and planned at GM, the Wall Street Journal reports. The minority dealerships, located mainly in urban areas, have faced stiff competition as business has moved increasingly to suburbia. “We're more... More »

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Chrysler • African Americans • General Motors • minority • Latinos • auto industry • car dealers • dealership • Jay-ZTV

 Chrysler Junks 789 Dealers 
 —25% of US Salesforce 

Move will increase profits, company says

May 14, 09 11:09 AM CDT
(Newser) - Chrysler plans to eliminate 25% of its US dealers by next month, the New York Times reports. The embattled automaker notified 789 today, citing the need to keep remaining franchises profitable. Chrysler filed a list of those dealerships in bankruptcy court, and a judge could decide to rescue them. General... More »

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Chrysler • bankruptcy • General Motors • automaker • car dealers • Jay-ZTV

Chrysler Execs Dodge Bailout Pay Caps

As automaker cuts 3500, top employees will draw pay from Fiat

May 13, 09 5:52 AM CDT
(Newser) - Bankruptcy documents filed by Chrysler show that the chief executives of the bailed-out automaker will avoid executive pay restrictions—by declaring themselves employees of Fiat. Despite new Treasury rules that cap pay at $500,000 for execs whose firms received "extraordinary assistance," but Chrysler's top officers will be... More »

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Chrysler • executive compensation • auto industry • Fiat • recession depression

ANALYSIS

 Prez Played 
 Hardball to 
 Clip Pushy 
 Chrysler 
 Creditors 

'You don't need bondholders to make cars,' says White House source

May 11, 09 3:49 AM CDT
(Newser) - President Obama pressed Chrysler into bankruptcy to shave the car company's debt in a move that rattled financial institutions across the nation, reports the Wall Street Journal. A vice president at JP Morgan Chase, Chrysler's biggest creditor, had told the administration that the company owed $6.9 billion and... More »

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Chrysler

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