HAVING PLACED ITS FUTURE in the hands of new partner Fiat, Chrysler has a new ‘five year plan’ recovery plan, revealed in a six-hour presentation today.

The plan, led by new CEO Sergio Marchionne, forecasts sales figures doubling by 2014, and more than a dozen new models built on Fiat-developed platforms.

Marchionne said that while achieving [...]

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LESS THAN TWO DAYS before new Chrysler CEO Sergio Marchionne is due to reveal Fiat’s plans for its troubled American partner, new details have come to light.

According to Reuters, people “with direct knowledge of the plan” have confirmed that Chrysler will withdraw all but the Jeep brand from markets outside North America.

Jeep will remain [...]

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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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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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