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REFLECTING the design and branding organisation of its Italian partner Fiat, Chrysler has given each of its three brands - Chrysler, Dodge and Jeep - their own design bosses, reporting to Senior Vice President of Product Design, Ralph Gilles.
The new design heads are Brandon Faurote at Chrysler, Joseph Dehner at Dodge, and Mark Allen [...]
RECENT REPORTS suggest that the newly re-organised Chrysler is giving serious consideration to bringing the stunning 200C concept to market as a RWD replacement for the poorly performing Sebring and Avenger product lines - a move that would undoubtedly have Pentastar fans everywhere jumping for joy.
The Sebring and Avenger aren’t long for this world, with [...]
ALFA ROMEO’S planned successor to the 166 executive saloon, the 169, is reportedly going to be built off Chrysler’s LX large-car platform, the very same platform that underpins the Dodge Charger and Chrysler 300C.
Talk of a Chrysler-based Alfa isn’t new, though. We first spoke of such plans earlier this month, and the idea of the [...]
WITH CHRYSLER US having now emerged from bankruptcy following US Federal Court approval of Fiat taking the reins, details are now surfacing as to the model plans for the merged, and now freshly-capitalised, corporate giant.
The viability plan presented by Chrysler to the US Administration in February outlined not only the company’s future plans for [...]
IT’S DONE. Chrysler has announced that it has finalised its alliance with a consortium led by Fiat, and that the new alliance between the two companies will finally allow it to get back on its feet and repay its considerable debts.
In a statement released late yesterday, Chrysler said that Fiat will supply it with small [...]
YESTERDAY IT SEEMED that Chrysler’s bid to shack up with a Fiat-led consortium and to commence its Government-ordered reorganisation was in jeopardy, with three Indiana-based pension funds lodging an appeal with the US Supreme Court alleging the Chrysler-Fiat deal was illegal.
As a result the US Supreme Court put a hold on Chrysler’s sale while it [...]
THE PATH HAS BEEN cleared for Fiat SpA to take the reins at Chrysler after US Bankruptcy Judge Arthur Gonzalez today announced his ruling approving the sale.
“The sale motion is granted in its entirety and entry into and performance under and in respect of the purchase agreement and the sale transaction is approved,” Judge Gonzalez [...]
In its continuing fight to stay afloat, Chrysler has announced plans to close 789 Chrysler, Dodge and Jeep dealerships across the US (28 in New York alone) - a figure which represents a staggering 25 percent of Chrysler’s 3181 dealers, and 14 percent of the company’s annual sales.
The embattled manufacturer aims to have the closures [...]
With the Chrysler restructure and Fiat ‘global strategic alliance’ process underway, Fiat has announced that its CEO, Sergio Marchionne, will add the role of CEO for Chrysler once it emerges from the restructuring process.
At the end of the Chapter 11 bankruptcy proceedings, current Chrysler CEO Bob Nardelli will step down and Marchionne will take his [...]
Imagine you’re an up-and-coming automotive executive looking to score your first million dollar pay cheque. You might like to reassess that goal, if Chrysler is on your list of potential employers.
As part of its financial aid package – which for Chrysler, equals just over US$8 billion – the US government has laid on more than [...]
What will US Chrysler’s Chapter 11 filing and global strategic alliance with Fiat mean for Chrysler Australia and its Australian customers? TMR spoke with Jerry Stamoulis, Manager Public Relations, Chrysler Australia.
“The most important thing to understand is that the bankruptcy filing only involves Chrysler US: Chrysler Australia does not fall under the bankruptcy,” Mr Stamoulis [...]
The announcement that Chrysler LLC and 24 of its wholly-owned US subsidiaries have filed voluntary petitions under Chapter 11 of the US Bankruptcy Code - under the direction of the US Treasury - was not unexpected.
Without agreement from all creditors for a debt restructuring, the filing for Chapter 11 protection was inevitable. The recalcitrant group [...]
Chrysler LLC has filed for Chapter 11 bankruptcy overnight and at the same time announced what is being referred to as an ‘industry-changing’ deal with Fiat.
Chrysler has spent weeks negotiating with its lenders in an attempt to avoid bankruptcy, but has failed to gain the support needed.
This is the best result given Chrysler’s huge restructuring [...]
Word on the wire is that US President Barack Obama will announce that Chrysler LLC will be placed into Chapter 11 bankruptcy, a move which will enable Chrysler to continue operations while temporarily relieving it of its substantial debt obligations.
Chapter 11 bankruptcy protection has been a likely option for some time now, and, perhaps strangely, [...]
Daimler AG, parent company of German automaker Mercedes-Benz, has reportedly come to an agreement with Chrysler parent Cerberus to release its remaining 19.9 percent stake in the American manufacturer.
Daimler has agreed to inject US$200 million each year into Chrysler’s retiree healthcare funds, through to August 2012.
The deal will also see Daimler write-off the US$1.5 billion [...]
With Chrysler on the brink of collapse, the US carmaker’s proposed deal with Fiat could prove a much-needed lifeline. However, Chrysler still needs to slash its debt and have its restructuring plan accepted before Fiat will come to the party.
Further financial aid from the US government is also expected should Chrysler be able to ink [...]
After lengthy negotiations Daimler has finally separated itself from Chrysler, with the announcement this week that the German company will return its remaining 19.9 percent stake in the struggling automaker.
Chrysler, Cerberus Capital Management (the current majority stakeholders in Chrysler) and the US Pension Benefit Guaranty Corporation came to an agreement with Daimler on Monday. The [...]
Automaker General Motors has received another $US2 billion in government loans from the US Treasury to help sustain it as it continues battling for survival.
Payment was made on Wednesday, providing the company with more working capital and allowing it to keep operating until a government-mandated June 1 deadline, when GM must submit a new restructuring [...]
While Chrysler and Fiat nut out an alliance deal that will meet the needs of both manufacturers, the US Treasury is, according to The New York Times, already preparing the paperwork for the embattled American carmaker’s bankruptcy.
The NYT report says that the Chapter 11 documents being prepared will allow for a Fiat and Chrysler alliance [...]
Chrysler has lifted the lid on what it says is the most advanced V6 engine to ever be produced by the company, and one that should help the automaker rein back manufacturing costs.
The Pentastar V6 will replace a grand total of seven V6 engines in Chrysler’s engineering stable, a move which will lead to greater [...]
The deck chairs are still being rearranged on the deck of that ‘other Titanic’, the desperately struggling US carmaker, Chrysler LLC.
Whether Fiat SpA can save it from a cold oblivion remains uncertain. Nevertheless, news has surfaced that Fiat CEO, Canadian Sergio Marchionne, may take the top job at Chrysler as part of the new (revised) [...]
The good gents at Jalopnik have posted this stunning illustration of what might be the 2012 Jeep Grand Cherokee SRT8.
The SRT8 is rumoured to be powered by Chrysler’s 373kW+ (500hp+) 6.4 litre HEMI, but Jalopnik reckons it’ll be tuned to put out around 376 to 391kW (505-525hp) and 691Nm (510lb-ft) of torque, all shunted through [...]
While staff at General Motors and Chrysler are no doubt busy pulling on floaties and preparing the lifeboats, their Japanese equivalents are getting increasingly worried about the state of the US car industry.
“I think it will be best if General Motors is able to continue its operations,” Toyota president Katsuaki Watanabe (above) said last week.
“There [...]
While GM and Chrysler are no doubt pleased at the US Government’s approval of further short-term financial aid (think of it more as a stay-of-execution than anything else), Wall Street is reportedly hurting bigtime.
Concerns about the future of the US auto industry has driven share prices downward, with the Dow Jones Industrial Average dropping 199.92 [...]
Yesterday it appeared the US Government was prepared to give Chrysler additional aid and a thirty day deadline to complete its joint venture plans with Fiat. Now it looks as though Chrysler and Fiat may have already set up the “framework of a global alliance”.
Nothing has been officially confirmed yet; however Chrysler has released a [...]
It is getting near the end of the penny-section for GM and Chrysler. President Barack Obama has given GM two months to prove its viability, and Chrysler one month to complete its merger with Fiat. Failure on either count will see the two giant automakers cut adrift from further Federal loan funding and left to [...]
US President Barack Obama has announced that the US Federal Government will supply further aid to General Motors and Chrysler.
The news comes hot on the heels of the US government’s announcement that it would determine an official deadline for carmakers seeking additional Federal aid.
At the least, President Obama’s latest announcment that Treasury purse strings will be [...]
During an interview with US television show Political Capital With Al Hunt, US Treasury auto adviser Steve Rattner suggested that the talks between GM and its debt holders may need an official deadline to finally reach a resolution.
It now looks like that day may soon be at hand, reports GM Inside News, with the US [...]
Details of a survey released by polling group R.L. Polk has revealed that 61 percent of Americans would object to the US Government offering further financial aid to floundering carmakers GM and Chrysler.
The number against might have been higher if not for the states in the Great Lakes region of the US being so closely [...]
General Motors and Chrysler could be in worse trouble than either company has let on, which, given the acknowledgement of both manufacturers that bankruptcy is a genuine danger, is really saying something.
To date, the two companies have received US$17.4 billion in government aid, and both are hoping to receive an extra $21.6 billion between them.
The [...]
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