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WEDNESDAY, NOVEMBER 25, 2009
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NEWS ABOUT: Chrysler

Chrysler stories: 253 news summaries

81 - 100 of 253 Stories | << Prev 1 2 3 4 5 6 7 8 9 ... 13 Next >>

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 Auto Team: Chrysler Needs 
 Bankruptcy, Fiat Deal 

Administration offers 30 days more working capital before aid dries up

Mar 30, 09 7:30 AM CDT
(Newser) - Chrysler cannot become viable on its own, says the White House's auto task force, recommending “quick and surgical” bankruptcy restructuring and the proposed Fiat partnership as the automaker's best shot at survival. The administration will provide Chrysler 30 days’ more working capital to finalize a deal, but the federal... More »

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Chrysler • automaker • auto industry • Fiat • Obama administration • financial crisis • auto bailout • auto task force

(Newser) - President Obama will likely approve billions of dollars more in loans to General Motors and Chrysler on Monday, but attach a deadline for union and bondholder concessions to help the automakers survive, insiders tell the New York Times. Obama's auto task force will also keep government-managed bankruptcy as an option... More »

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Barack Obama • Chrysler • General Motors • Big Three • auto bailout

Obama to Outline Plan for Auto Industry Monday

President will discuss required conditions for further government aid

Mar 27, 09 3:53 PM CDT
(Newser) - President Obama is nearing a decision on whether to give automakers more bailout money and will lay out his plan for the future of the industry Monday, the Detroit News reports. The president “will outline what he thinks is the best way forward," spokesman Robert Gibbs said, including... More »

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Barack Obama • Chrysler • General Motors • Ford • Obama administration • President Obama • auto bailout

Auto Task Force to Back More Loans, Push Concessions

Experienced or not, decisions from Obama's task force will come this week

Mar 26, 09 8:10 AM CDT
(Newser) - President Obama’s auto task force will back new loans for General Motors and Chrysler but will ask for more sacrifices from unions, management, and GM’s bondholders, the Wall Street Journal reports. GM and Chrysler have requested $22 billion more atop the $17.4 billion already loaned to them.... More »

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Chrysler • General Motors • financial crisis • auto bailout • Steven Rattner • auto task force

(Newser) - Chrysler and GM could end up needing a “considerably higher” amount than the $21.6 billion so far requested, Bloomberg reports. Steven Rattner, who heads President Obama’s auto task force, said it's possible the request could go as high as $40 billion. He also said that Chrysler’s... More »

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Chrysler • General Motors • Detroit • recession • Federal aid • auto industry • Obama administration • auto bailout • Steven Rattner • auto task force

(Newser) - Buick and Jaguar are the most dependable all-around car brands this year, the Detroit News reports. A study by JD Power and Associates looked at the average number of problems that crop up in 2006 models to make its estimation, which could be more influential as the recession has drivers... More »

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Chrysler • Lexus • Toyota • Ford • Jaguar • auto industry • Mercury • J.D. Power & Associates • Buick • dependability

(Newser) - The US will provide $5 billion in aid to the nation’s auto-parts manufacturers, a sector struggling because of the tenuous financial situation of Detroit’s Big Three car companies, the Wall Street Journal reports today. Many parts makers face bankruptcy, as they have not been paid for product delivered.... More »

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Chrysler • General Motors • recession • Ford • credit crisis • manufacturer • bailout • cars • auto bailout • auto-parts suppliers

(Newser) - Chrysler, which has received $4 billion in federal money for its manufacturing operations and $1.5 billion for lending, wants another $1.5 billion for its loan arm, the Detroit Free Press reports. “We’ve gone to Treasury and said we need to re-up that amount,” Chrysler’... More »

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Chrysler • Detroit • auto loans • Federal government • emergency lending • auto bailout

Obama Auto Team in Detroit Considering $22B More in Aid

GM and Chrysler, both facing collapse, woo more taxpayer dollars

Mar 9, 09 10:28 AM CDT
(Newser) - With the specter of bankruptcy looming over General Motors and Chrysler, President Obama’s auto team is in Detroit today as it considers whether to give the companies $22 billion more in bailout cash, the Wall Street Journal reports. The field trip will include visits to production and engineering facilities... More »

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Chrysler • United Auto Workers • General Motors • auto industry • Chapter 11 • Obama administration • financial crisis • President Obama • auto bailout • Steven Rattner • Chevy Volt

 Bankruptcies Could 
 Boost US Car Sales  

Restructuring could convince consumers to take a chance, say marketers

Mar 2, 09 2:34 AM CST
(Newser) - Contrary to what GM and Chrysler contend, bankruptcies could actually end up boosting their sales. Customers who backed away from the brands amid uncertainty may return once the future is known—even if it's one that entails Chapter 11, marketers tell Advertising Age. Case in point: Studebaker lasted 30 years... More »

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Chrysler • advertising • bankruptcy • General Motors • Detroit • US automakers

Would-Be 'Car Czar' to Head Auto Task Force

Obama taps financier Rattner as lead in GM, Chrysler restructuring

Feb 24, 09 7:58 AM CST
(Newser) - Steven Rattner has been named chief adviser to the panel tasked with restructuring GM and Chrysler, Reuters reports. The financier was considered the frontrunner to be "car czar" before President Obama opted for a panel rather than a single chief. Rattner, who will leave the private equity firm... More »

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Chrysler • General Motors • Treasury Department • auto industry • Obama administration • President Obama • Timothy Geithner • car czar • Steven Rattner

Obama's Auto Team Drives Foreign Cars

Just 2 of task force's
8 members own domestic models

Feb 23, 09 2:49 PM CST
(Newser) - Detroit’s Big Three might be in worse trouble than they thought: Of the eight people on the Presidential Task Force on the Auto Industry, and the 10 policy aides assisting them, just two own cars built by American-owned manufacturers, the Detroit News reports. The co-chairs—Timothy Geithner and Lawrence... More »

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Chrysler • General Motors • Ford • Treasury Department • auto industry • hybrid car • Timothy Geithner • Lawrence Summers

Treasury Seeks Bankruptcy Financing for GM, Chrysler

Obama administration will not rule out Chapter 11 for ailing autos

Feb 23, 09 7:30 AM CST
(Newser) - Treasury advisers are working to line up $40 billion in financing for General Motors and Chrysler—5 times the size of any previous bankruptcy loan—just in case the two automakers need it, the Wall Street Journal reports. While efforts continue to restructure the companies by other means, the administration... More »

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Chrysler • Citigroup • bankruptcy • General Motors • auto industry • Chapter 11 • JPMorgan Chase • financial crisis

ANALYSIS

 Detroit Bailout Proposals: 
 Disappointing, Incomplete 

Chrysler, GM offer no plans to get people to buy their cars

Feb 18, 09 10:50 AM CST
(Newser) - GM and Chrysler now want another $22 billion from Washington—and propose to use dramatic job cuts to help right their respective ships. What both companies avoid, writes economist Susan Helper for the New Republic, is an appraisal of the real problem: Nobody wants to buy their cars. Rather than... More »

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Chrysler • United Auto Workers • General Motors • Ford • labor unions • Big Three • auto bailout

(Newser) - The restructuring plans unveiled by GM and Chrysler make one thing clear: the cost of bailing out the companies has jumped $14 billion to a total of $39 billion. But as the White House begins to pick through the plans, the companies say it would be far more expensive if... More »

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Chrysler • General Motors • Detroit • auto industry • auto bailout

(Newser) - Chrysler says it will need a total of $9 billion in federal loans to avoid going bust, up $5 billion from the amount it received in December and $2 billion from its original request, CNN reports. The company also plans to cut 3,000 jobs this year, or 6% of... More »

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Chrysler • General Motors • Detroit • auto industry • auto bailout

(Newser) - General Motors made progress in talks with workers and bondholders today but will probably miss its Tuesday deadline, the Detroit Free Press reports. “Everyone is working around the clock,” a source said, but a deal with bondholders was "not looking very likely." GM is seeking... More »

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Chrysler • General Motors • UAW strike • auto bailout

 Obama Swaps 
 Car Czar Plan 
 With Panel 

Economic advisers, union mediator will aid decisions: official

Feb 16, 09 1:48 AM CST
(Newser) - The Obama administration has ditched the "car czar" idea, and is divvying up the task of reviving Detroit among a panel of top economic advisers instead, an official tells the New York Times. The Treasury secretary and National Economic Council chair will oversee the presidential panel of experts, many... More »

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Chrysler • General Motors • US automakers • Obama administration • President Obama • car czar

(Newser) - The UAW broke off crucial talks with GM today, only 3 days before the beleaguered company is scheduled to submit restructuring plans to Washington, Reuters reports. At issue were retiree healthcare costs that executives want to replace partly with shares in a recapitalized GM. "It doesn't seem like the... More »

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Chrysler • General Motors • UAW strike • auto bailout

GM: Give Us More Money
or We'll Go Bankrupt

GM, Chrysler working to prepare turnaround plans before Tuesday deadline

Feb 14, 09 7:17 AM CST
(Newser) - General Motors will put Congress between a rock and a hard place when it presents its turnaround plan next week, reports the Wall Street Journal. Insiders say the automaker will ask for at least another $5 billion in loans on top of the $13.4 billion already received to keep... More »

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Chrysler • United Auto Workers • bankruptcy • General Motors • auto industry • Rick Wagoner • auto bailout

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