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Chrysler completes sale to Fiat

Business | Automobile
2009-6-11

CHRYSLER LLC completed the sale of its strongest assets to a group led by Fiat SpA yesterday, reviving the 84-year-old auto maker that was down to its last dollars and facing liquidation late last year. The asset...

Auto Maker's China Arm To Be Incorporated

Business | Automobile
2009-6-11

A spokeswoman for Chrysler's China unit said its China business is operating normally and will be merged into the new Chrysler Group LLC, based on the agreement with Fiat. Chrysler LLC said it was not consider changing...

Funds want to stop Chrysler sale on hopes of better deal

Business | Automobile
2009-6-8

THREE Indiana state pension and construction funds want the United States Supreme Court to block Chrysler LLC's sale to a group led by Italy's Fiat Group SpA so they can pursue an appeal in hopes of getting a better...

Chrysler seeks approval for Fiat deal

Business | Automobile
2009-5-28

CHRYSLER LLC appeared in court yesterday to ask a bankruptcy judge for permission to sell the bulk of its assets to a group headed by Italy's Fiat Group SpA in the hopes of saving itself from liquidation. Attorneys...

Chrysler in bankruptcy filing as debt restructuring fails

Business | Automobile
2009-5-1

CHRYSLER LLC was going to file for Chapter 11 bankruptcy late yesterday after talks to restructure its debt with bondholders collapsed, a United States government official said. Chrysler failed to gain the bondholder...

Creditors now have to make concessions

Business | Automobile
2009-4-27

WITH just days to go for Chrysler LLC to reach agreements to cut labor and debt costs or face bankruptcy, members of Michigan's Democratic congressional delegation said on Saturday the onus was now on the United States...

Obama ready to splash out US$5.5b on Chrysler and GM

Business | Automobile
2009-4-22

THE Obama administration will make about US$500 million available to Chrysler LLC through the end of this month as it seeks to reach an alliance with Fiat, and up to US$5 billion through May to help General Motors...

Chrysler insists new SUV is crucial part of product offering

Business | Automobile
2009-4-9

IT sounds crazy: Just a week after the White House scolded Chrysler LLC for relying too much on gas guzzlers, the company headed to a marquee auto show yesterday to unveil a new SUV. Chrysler insists the Jeep...

Good progress on auto loans

Business | Automobile
2008-12-20

GENERAL Motors Corp and Chrysler LLC made significant progress late on Thursday on a deal to secure emergency loans as part of a United States government aid package, people familiar with the talks said. The package...

US Senate to debate measure with US$25b in loans to auto industry

Business | Automobile
2008-11-15

RUNNING Running out of time and scrambling for votes, supporters of a US$25 billion government bailout for the teetering US automotive industry offered yesterday to scale down the rescue package in the face of an uphill...