Chrysler: Latest News
Daimler seeks to sell remaining Chrysler stakeJanuary 21, 2009 12:01:38 AM
Daimler looking to divest itself of its 19.9 percent share of Chrysler. The company hopes that Chrysler's alliance with Fiat will pave the way for their divestiture.
Fiat Chrysler Merger Officially Confirmed - 35% initial stakeJanuary 20, 2009 1:55:30 PM
Fiat will receive equity in Chrysler in exchange for investments in retooling a Chrysler plant to make Fiat models for the US market. Fiat will take a 35 percent equity stake in Chrysler by the middle...
Chrysler Financial also gets bailout loan to the tune of 1.5 billionJanuary 19, 2009 11:44:12 PM
Chrysler desperately needs funding for its financial arm and has gotten the first 100 million dollars from the US treasury. Chrysler Financial issued just 3,800 car loans last month compared to 50,000...
Fiat and Chrysler in partnership talksJanuary 19, 2009 7:59:10 PM
Chrysler, the poster child for the automotive apocalypse, has decided to keep the rumor mill working overtime as it is reported to be in negotiations with Fiat about a possible partnership.
Barack Obama's 2005 Chrsyler 300C set to Fetch $100,000 on eBayJanuary 16, 2009 3:03:30 PM
President-elect Barack Obama's 2005 Chrysler 300C Hemi is now being auctioned off on eBay. Starting price for the sedan is listed at $100,000, but the price could easily go much higher.
Chrysler Axes the PT CruiserJanuary 15, 2009 1:46:45 PM
PT Cruiser is the seventh model since 2007 to be discontinued by Chrysler. Sales for the retro-styled Cruiser were down to 50,910 units in 2008 from a high of 144,717 back in 2001.
GM, Ford, Chrysler Withdraw from Tokyo Motor ShowJanuary 15, 2009 1:16:45 PM
Ford, GM and Chrysler won't be participating in the Tokyo motor show this year due to the crisis in the industry. The Japan Automobile Manufacturers Association is debating whether or not to hold the ...
Magna may be in talks to buy ChryslerJanuary 14, 2009 7:07:00 PM
Rumor has it that parts supplier Magna International, and car makers Renault/Nissan are in talks to buy Chrysler, or some assets. Chrysler denies the rumor, which also says that Jeep is up for sale.
Chrysler showcases Uconnect future connectivity conceptJanuary 11, 2009 10:34:02 PM
New on-board system can link vehicles together to form a "social network". Drivers can connect to their home or office, various devices and appliances, as well as network with friends and family and m...
Chrysler 200C EV Concept Unveiled in DetroitJanuary 11, 2009 10:04:02 PM
Chrysler's 200C EV Concept is on display in Detroit. The four-door sedan boasts a number of technologies that helps passengers seamlessly communicate with both the car and the outside world.
Chrysler gets first $4 billion of federal loanJanuary 5, 2009 5:26:33 PM
The troubled Detroit automaker gets its first bailout cash transfer. Chrysler will be getting an additional 5.4 billion US dollars in February and possibly more. The automaker has until March 31 to pr...
Chrysler Thank You Ads Make America Cringe with AngerDecember 31, 2008 5:14:11 PM
Americans don't seem to be appreciating Chrysler's expensive splash-out ads thanking the nation for their role in securing the automaker its bailout money.
Canada Unveils C$4bn Auto Bailout PlanDecember 22, 2008 1:26:42 PM
In a move matching the White House, Canada's government has decided to grant generous loans to GM and Chrysler in order to save the largest industrial segment in that country. Ford has refused the of...
Chrysler bans blogs from media event to prevent leaks – info gets out anywayDecember 19, 2008 8:26:55 PM
Chrysler's 2009 auto show backgrounder was closed to bloggers, on the mistaken belief that they present an information security threat. The traditional media responded by leaking Chrysler's embargoed...
Approved Auto Bailout Details: $17.4 billionDecember 19, 2008 5:32:49 PM
President Bush approved the immediate transfer of $13.4 billion in loans from the Treasury to Chrysler and General Motors today, with the promise of $4 billion more in February. Terms of the loan are...
Chrysler to remain in NASCAR despite cost cutsDecember 19, 2008 4:26:55 PM
Chrysler has decided not to take the same path as GM by maintaining involvement with NASCAR. The company will cut spending in the race circuit by 30%, but continue to honor their current contracts.
White House considers ‘orderly’ bankruptcy for carmakersDecember 19, 2008 1:39:35 AM
Should he or shouldn't he? That is the big question in Washington, D.C., as President George W. Bush seems to be backing off earlier statements that the government should provide some form of bailout...
GM and Chrysler merger talks deniedDecember 18, 2008 8:06:09 PM
Talks on a possible GM and Chrysler merger have been denied by GM spokesmen.
Bush not ready yet to act on auto bailoutDecember 15, 2008 4:06:57 PM
The President told reporters aboard Air Force One that a bailout for GM and Chrysler was not yet ready. After a 14 billion US dollar bailout measure was blocked by Republicans in the Senate, the White...
Auto Bailout Rejected After Senate VoteDecember 12, 2008 12:15:43 PM
Another wall stops bailout money from reaching GM and Chrysler's coffers. Now it seems only President George Bush can get them out of their misery.
Senate Republicans stall bailout passageDecember 12, 2008 12:43:40 AM
Bailout package passed by the U.S. House finds stiff resistance from Republicans in the Senate. Democrats may not have enough votes to get measure passed.
House approves $14 bn auto bill - bearish Senate vote pendingDecember 11, 2008 3:34:09 PM
The Democrat controlled U.S. House of Representatives signed off on a $14 billion auto industry bailout. However, a more evenly split U.S. Senate might stop the bill dead in its tracks.
White House wants car czar with power to force bankruptcy on automakersDecember 9, 2008 10:55:57 PM
The Bush administration is calling for a car czar to oversee the bailout and have the power to revoke loans if companies are found not to be viable and even force a restructuring plan on them, includi...
White House, Congress Close to a Deal on Auto Industry BailoutDecember 8, 2008 11:03:13 PM
Automakers will get 15 billion US dollars, far less than they were asking for, and must agree to a "car czar" to oversee how bailout money is spent.
$15 Billion Dollar Bailout Agreement ReachedDecember 6, 2008 11:40:07 AM
Members of Congress and President Bush have reached an agreement to provide $15 billion dollars worth of government loans to Detroit’s big three automakers.
Senators Pushing for GM Chrysler MergerDecember 5, 2008 3:40:24 PM
As their dirty linen continues to be aired in public, GM and Chrysler have been given another possible survival option; merge to get a loan.
GM and Chrysler considering bankruptcy as a last resortDecember 4, 2008 11:49:57 PM
GM and Chrysler executives have each held private discussions on a possible pre-arranged bankruptcy. The two automakers will only do so as a last resort to secure government aid.
Public opposes auto bailout by 60 percent in CNN pollDecember 4, 2008 7:39:57 PM
Most Americans opposed a bailout for the ailing US auto industry. After dismal November sales figures have come in, the industry is now asking for 34 billion, instead of the 25 billion US dollars they...
Automakers increase bailout request to $34 billionDecember 4, 2008 3:59:57 PM
After Congress rejected the big three’s bid for $25 billion dollars in government loans last month, they have returned to Capitol Hill and are now requesting $34 billion dollars in aid.
