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General Motors Co. and Chrysler Group LLC is are facing a raft of arbitration claims from dealers that were rejected from their retail networks last year. The arbitration is to decide whether they can win back their franchises.
Roger Penske, chairman of giant US auto dealer group and a recent bidder for General Motors' Saturn unit is considering buying GM, Chrysler and Ford dealerships but said the Detroit three and their retailers needed stronger support from finance partners.
Fiat and Chrysler CEO Sergio Marchionne has said a decision to shut down the company's plant in Sicily was "irreversible", reiterating comments he made on 1 December.
Chrysler will debut a battery-powered version of the Fiat 500 at next month's Detroit auto show according to company insiders.
General Motors Co and Chrysler Group LLC are in better financial shape than the US government expected them to be at this point of time, Ron Bloom, the head of the Obama administration's autos task force told the Wall Street Journal.
Chrysler Group will invest US$179m to launch production of a 1.4-litre Fiat engine for the North American market 500 at the company's Global Engine Manufacturing Alliance (GEMA) plant in Michigan, it announced on Thursday afternoon.
A couple of fairly absurd analogies have popped into my head. Everyone's at it (one of yesterday's best: 'Chrysler is the canary in the bankruptcy mine') so I may as well join in. But once again, good luck to all involved with Chrysler. US: Chrysler to file for Chapter 11
Could Cerberus be thinking ultimately of packaging the Chrysler electric car know-how (ENVI ) business into something to ring-fence and sell to an OEM, along with other parts of the Chrysler Group of value that the market might go for? Let's leave the cynicism for now. Chrysler raised s...