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THURSDAY, NOVEMBER 26, 2009
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NEWS ABOUT: Chrysler

Chrysler stories: 253 news summaries

41 - 60 of 253 Stories | << Prev 1 2 3 4 5 6 7 ... 13 Next >>

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 Nascar Fans Lament 
 Chrysler's Decline 

Bankruptcy filing has diehards fearing for the fate of the once-mighty Dodge

May 9, 09 6:59 AM CDT
(Newser) - Chrysler's woes are making the Nascar faithful wistful for the days when Dodges ruled the track, the Wall Street Journal reports. The bankrupt automaker has promised to continue supporting the sport, but it has already cut funding by almost a third this year and its cars are now usually found... More »

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Chrysler • NASCAR • Dodge • auto industry • stock car racing • Richard Petty

 Foreign Bidders 
 See Opportunity 
 in Detroit Mess 

As GM, Chrysler spin off units in their wake, the global auto landscape shifts

May 7, 09 8:25 AM CDT
(Newser) - With Chrysler in bankruptcy and General Motors at the precipice, foreign companies are preparing bids for parts of the US auto industry, the Wall Street Journal reports. The result will be a broad global reshuffling as companies like Italy’s Fiat, France’s Renault, and even China’s Geely buy... More »

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Chrysler • General Motors • auto industry • Fiat • automobile • Nissan-Renault • Saab • Opel • Geely Automobile Holdings

Judge Greenlights Chrysler Auction

Bankruptcy ruling starts clock ticking toward merger with Fiat

May 6, 09 2:21 AM CDT
(Newser) - A bankruptcy judge has given Chrysler approval to auction off most of its assets by May 27, the Detroit Free Press reports. The move—decided over the strenuous objections of some lenders holding Chrysler debt—is the first step toward the auto maker's proposed partnership with Fiat, which has offered... More »

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Chrysler • bankruptcy • mergers and acquisitions • auto industry • Fiat

(Newser) - Already partnered with Chrysler, Fiat is intensifying its pursuit of GM's German Opel unit to forge one of the world's biggest car companies, the Wall Street Journal reports. Fiat's CEO Sergio Marchionne plans to meet tomorrow with German officials seeking an investor as GM restructures. Billions in debt, Fiat needs... More »

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Chrysler • Europe • automaker • Fiat • Opel

ANALYSIS

Chrysler Downfall Gives Obama Leverage With GM

President has already shown he'll play hardball to resurrect a sputtering automaker

May 2, 09 2:24 PM CDT
(Newser) - Chrysler’s spiral into bankruptcy may give the Obama administration leverage in drastically reshaping General Motors, David E. Sanger and Bill Vlasic write in the New York Times. GM bondholders now know Obama isn't kidding about bankruptcy court, and could fear being stuck with paltry court payouts. Obama's offer of... More »

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Barack Obama • Chrysler • bankruptcy • General Motors • Rahm Emanuel • Obama administration

Chrysler Halts Production to Lower Inventory

Automaker also appears in court to lay out bankruptcy plan

May 1, 09 3:02 PM CDT
(Newser) - Chrysler idled its plants today for 30 to 60 days to reduce inventory as the company’s lawyers appeared in a New York bankruptcy court, the Washington Post reports. The attorneys outlined a plan to emerge from bankruptcy within 2 months. “We are quite mindful of the view... More »

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Chrysler • New York City • layoffs • bankruptcy • Big Three • production • plant • Obama administration • U.S. Bankruptcy Court • auto bailout

Analysis

Chrysler's Honeymoon With Fiat Won't Last Long


May 1, 09 10:36 AM CDT
(Newser) - Chrysler is rushing into the arms of Fiat now, but it may be sorry later, writes Dan Neil for the Los Angeles Times. Fiat "pays next to nothing and now has instant access to US markets," which it’s been lusting after. "But in this... More »

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Chrysler • mergers and acquisitions • auto industry • Big Three • Fiat

(Newser) - The last time Fiat tried to make a go of it in the US market, its unreliable cars earned it the nickname Fix It Again Tony, reports the New York Times. That was 25 years and another world ago. After a renewed focus on quality under CEO Sergio Marchionne, the... More »

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Chrysler • bankruptcy • Detroit • auto industry • Fiat • Sergio Marchionne

MARKETS

 Dow Has Best 2-Month 
 Showing Since 2002 

Mixed last day can't beat strong month

Apr 30, 09 3:28 PM CDT
(Newser) - The markets were mixed today but wrapped up a strong month. The Dow, which fell 17.61 points to close at 8168.12, rose 7.4% in April, the Wall Street Journal reports. The Dow has risen 15.65% in two months—its best two-month showing since 2002 and the... More »

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Chrysler • Chevron • Intel • Dow Jones • Disney • Nasdaq • S&P 500

OPINION

Chrysler Bankruptcy Obama's Blunt Message to GM

President not afraid to use 'the big stick' on ailing firms

Apr 30, 09 3:08 PM CDT
(Newser) - In announcing Chrysler’s bankruptcy, President Obama shows other troubled firms and industries there’s a point where bailouts stop and hard choices begin—and that message must ring especially clear at General Motors, writes Tom Walsh for the Detroit Free Press. GM’s creditors will now be under a... More »

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Barack Obama • Chrysler • bankruptcy • General Motors • Detroit • Fiat • Obama administration

(Newser) - President Obama said today that Chrysler’s impending bankruptcy is “not a sign of weakness but one more step” towards recovery, the Washington Post reports. The 1-to-2 month “surgical” bankruptcy—a time frame met with skepticism by experts—will give the automaker a “new lease on life,... More »

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Chrysler • bankruptcy • Robert Nardelli • auto industry • Obama administration • President Obama • auto bailout • creditor

ANALYSIS

 Chrysler Bankruptcy 
 Faces Bumpy Road 


Apr 30, 09 11:28 AM CDT
(Newser) - The battle to restructure Chrysler is about to go public, and could get messy, Michael de la Merced writes for the New York Times. After failing to get all the automaker’s debt-holders in line, the government prepared a “prepackaged bankruptcy,” a Chapter 11 filing with a reorganization... More »

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Chrysler • bankruptcy • Treasury Department • Fiat • prepackaged bankruptcy • creditor • UAW

(Newser) - Having failed to make a deal with the creditors to which it owes some $7 billion, Chrysler will declare Chapter 11 bankruptcy later today, a White House official tells CNN. The filing does not mean the company will cease operations—rather, it represents an opportunity to execute a merger with... More »

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Chrysler • bankruptcy • Big Three • Chapter 11 • Obama administration

updated

 Chrysler Talks Break Down; 
 Bankruptcy Expected Today 

Bankruptcy still looks likely for automaker

Apr 29, 09 11:14 PM CDT
(Newser) - Last-minute talks between the Treasury Department and Chrysler's creditors have broken down, making a bankruptcy filing nearly certain today, the Wall Street Journal reports. In other developments, the Detroit News says Italian automaker Fiat will still sign a deal today to forge an alliance with Chrysler. Under the bankruptcy plan... More »

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Chrysler • bankruptcy • Detroit • auto industry • Fiat

Last-Minute Chrysler Talks Hinge on Smaller Lenders

Bankruptcy remains a possibility

Apr 29, 09 5:03 PM CDT
(Newser) - Chrysler is still preparing for bankruptcy in case the Treasury's last-minute negotiations with hesitant creditors crumble, the Wall Street Journal reports. Most big lenders have agreed to write down part of Chrysler’s debt in exchange for stakes in the company, but smaller hedge funds also have to agree for... More »

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Chrysler • bankruptcy • Treasury Department • US automakers • financial crisis • President Obama • creditor

(Newser) - The Treasury Department struck a deal with Chrysler’s creditors last night to avoid what had looked like a probable bankruptcy, the Washington Post reports. The creditors, a disparate group of 45 financial firms, agreed to write down all but $2 billion of the $6.9 billion Chrysler owes... More »

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Chrysler • bankruptcy • debt • auto industry

 UAW to Own 55% of Chrysler 


Apr 28, 09 8:07 AM CDT
(Newser) - The United Auto Workers are about to own Chrysler. In exchange for a variety of concessions, the union will eventually get a 55% majority share in the automaker, according to a summary of the restructuring deal, which was sent to union leaders late last night and reviewed by the More »

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Chrysler • United Auto Workers • Cerberus Capital Management • Daimler • auto industry • Fiat

(Newser) - Auto workers cut a new agreement with Chrysler today that brought the automaker closer to a partnership deal with Fiat, the Wall Street Journal reports. Agreeing to lower health care benefits for retirees, United Auto Workers called the "concessionary agreement" painful but said it met President Obama's rigorous... More »

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Barack Obama • Chrysler • United Auto Workers • Treasury Department • Fiat

Chrysler Strikes Deal With Canadian Workers

Workers surrender benefits to keep operating costs down

Apr 25, 09 4:05 AM CDT
(Newser) - Chrysler has won concessions from its Canadian workers that may help keep it out of bankruptcy, the Globe & Mail reports. The Canadian Auto Workers union—faced with the prospect of Chrysler abandoning its operations north of the border—agreed to give up a range of hard-won benefits and... More »

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Chrysler • Canada • union

(Newser) - Chrysler isn’t facing imminent bankruptcy, its vice chairman told the automaker’s dealers today. “Nothing has changed,” Jim Press said on a conference call, three participants tell the Wall Street Journal. Chrysler still plans to restructure outside of bankruptcy and cut a deal with Fiat. But Press... More »

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Chrysler • bankruptcy • Jim Press • auto industry • Fiat • auto bailout

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