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 [...]

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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 [...]

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A US SUPREME COURT Justice has temporarily blocked the sale of Chrysler LLC to a consortium led by Fiat SpA,  a move made at the behest of three Indiana pension funds who say the deal is illegal.

Justice Ruth Bader Ginsberg ordered a stay of the sale on Monday, giving the Supreme Court time to consider [...]

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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 [...]

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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 [...]

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Troubled US carmaker Chrysler announced today that if its merger with Fiat is approved by the US treasury – which would see Fiat take a 35 percent stake in Chrysler – the Italian manufacturer would also assume 35 percent of its debt.

Analysts have said that the move is likely to be Chrysler’s last shot at [...]

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