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 [...]

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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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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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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 [...]

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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 [...]

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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) [...]

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