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Chrysler Group LLC is losing two more high-level executives after a board meeting last week conducted by 20-percent owner and managing partner Fiat S.p.A. The company is casting the moves as part of its ongoing efforts to reorganize Chrysler management in an orientation more focused on th...
There are few reported details about a proposal from Dingman's Crown consortium to acquire Volvo, but the deal likely may vary significantly from that proposed by Geely, which, among other facets, is said to include a provision that Ford retain responsibility for certain pension liab...
Marchionne is spending half of his time in Chrysler in Detroit and half at Fiat's Turin, Italy, headquarters. He has promised a five-year plan for Chrysler by November. It apparently includes refreshing much of Chrysler's current line in the next 18 months and extending the life of at leas...
Incentives on General Motors, Ford and Chrysler vehicles plummeted by 26 percent to $3,278 per vehicle in August from a March peak, according to Edmunds.com, parent of AutoObserver.com. Industrywide incentives fell 22 percent to $2,474 per vehicle.
Media reports have Chrysler Group LLC making a possible about-face on its pledge to close the Sterling Heights, Mich., assembly plant of its low-performing Chrysler Sebring and Dodge Avenger midsize sedans and convertible. The move by Chrysler's 20-percent owner and managing partn...
The company said a "realignment" of Chrysler's powertrain department brings Paolo E. Ferrero as senior vice president of Chrysler Powertrain. Ferrero apparently replaces Bob Lee, a popular Chrysler executive who has spent his entire career at Chrysler and most recently was head of pow...
Monday's report from Business Week that Chrysler LLC is tasking account-seeking advertising agencies with positioning Chrysler-brand vehicles as "premium" choices indicates new manager Fiat S.p.A. has no more clue about what Chrysler represents in the U.S. than did the company's most-...
President Obama is visiting General Motors' assembly plant in Lordstown, Ohio, Tuesday, giving a speech on jobs, the economy and, of course, the mention of health care to a packed house of auto executives, local dignitaries and United Auto Worker union employees.
DETROIT - After shutting down all of its plants after filing for Chapter 11 bankruptcy April 30, Chrysler is slowly resuming production, starting Monday with the Detroit Conner Avenue plant that makes the Dodge Viper sports car. Chrysler should have a schedule for plant re-starts by the...
The publication says the companies are discussing a revised ownership structure, a new board and possibly a different management team for Chrysler. Under consideration is splitting Chrysler chairman and Chrysler CEO into two jobs. Robert Nardelli currently holds both titles. Marchi...