Chrysler, Fiat Finalize Global Strategic Alliance
11 Jun 2009, 07:44 UTC · By: Bogdan Popa / Sergio Marchionne should be really proud of what he has done in the United States, with Chrysler, one of the largest automakers in the country, now operating under Fiat's umbrella. In addition ...
Sergio Marchionne, New Chrysler Group CEO
11 Jun 2009, 07:18 UTC · By: Bogdan Popa / It was only a matter of time but the inevitable has occurred: Sergio Marchionne, was appointed Chief Executive Office of Chrysler Group LLC, the newly-formed entity which went through bankruptcy and...
US Supreme Court Approves Chrysler - Fiat Deal
10 Jun 2009, 07:38 UTC · By: Bogdan Popa / The United States Supreme Court approved the sale of Chrysler's assets to Fiat, giving the green light to what seemed to be a dead-end situation despite the numerous praises the two companies h...
Chrysler Sale Delayed
9 Jun 2009, 09:50 UTC · By: Daniel Patrascu / As we told you yesterday, Chrysler was facing its final exam before proceeding to the sale of its assets over to the new company, led by Fiat. They had to get the Supreme Court's approval to be...
Denny Hecker Goes Bankrupt
5 Jun 2009, 08:08 UTC · By: Daniel Patrascu / Following months of struggle with the depleting automotive industry, Minnesota dealer Denny Hecker was forced to file for personal bankruptcy under Chapter 7 yesterday. The filing comes as a result ...
D-Day for Chrysler
5 Jun 2009, 07:17 UTC · By: Daniel Patrascu / As we told you in our previous reports, a US federal appeal court will hear today the case of a group of Indiana pension funds against the projected sale of Chrysler's assets over to the new co...
GM Forced to Disclose Dealerships Targeted for Closing
4 Jun 2009, 10:02 UTC · By: Bogdan Popa / Although General Motors initially planned to keep the names of dealerships to be rejected away from public eyes, the American automaker might be forced after all to reveal the list of closed stores....
Chrysler Debuts New Consumers Incentives
3 Jun 2009, 14:57 UTC · By: Bogdan Popa / Although it is currently fighting for survival under Chapter 11 protection, Chrysler is still struggling to lure consumers into its dealerships and boost sales as much as possible. The latest attemp...
Chrysler Sale Challenged, Delay Possible
3 Jun 2009, 14:06 UTC · By: Daniel Patrascu / As was to be expected, the sale of Chrysler's assets to the new company will be anthing but smooth. The sale process, already approved, has been challenged by a group of Indiana pension funds t...
Chrysler Sets New 2009 Sales Record in May
3 Jun 2009, 09:49 UTC · By: Bogdan Popa / After General Motors already announced that May was the best month so far in 2009, Chrysler today reveals the same thing, revealing the high sales figures it recorded last month. It may seems like b...
500, the Only Model to Reach the US as a Fiat
2 Jun 2009, 10:16 UTC · By: Bogdan Popa / We all know by know that, as part of the strategic alliance between Chrysler and Fiat, the Italian manufacturer plans to launch several models designed in Europe in the United States and benefit fro...
NADA Applauds Chrysler-Fiat Alliance, Still Against Drastic Dealer Cuts
2 Jun 2009, 07:29 UTC · By: Bogdan Popa / Following the the federal court's decision to approve the sale of Chrysler's assets to Fiat - which translates in the first major step made towards the alliance between the two - represent...
NASCAR Hopes to Survive GM Bankruptcy
2 Jun 2009, 07:28 UTC · By: Ovidiu Panzariu / NASCAR chairman Brian France must make one more proof of his management abilities, as the most popular racing series in North America is now depending on the economic situation of its car manufactur...
Chrysler's Lee Iacocca to Have His Pension and Car Taken Away
1 Jun 2009, 15:22 UTC · By: Tudor Raiciu / Once rumored as the czar of the US auto industry, the man who put Chrysler back on its feet in the 1980s is likely to lose a large amount of his pension and the guaranteed life-long company car fol...
Court Approves Sale of Chrysler's Assets to Fiat - Nardelli's Reaction
1 Jun 2009, 13:52 UTC · By: Bogdan Popa / As we told you earlier this day, the United States Bankruptcy Court Southern District of New York okayed the sale of Chrysler's assets to a new entity formed with Fiat, which means the American...
Court Okays Chrysler Assets Sale to Fiat
1 Jun 2009, 08:31 UTC · By: Bogdan Popa / This is probably the only good news for Fiat these days as the Italian automaker lost the battle with Magna International and its Russian partners over the acquisition of Opel. A federal bankruptcy ...
LaSorda: Fiat Was the Only Option
28 May 2009, 07:48 UTC · By: Daniel Patrascu / Who is still living under the impression that the main focus of the Fiat-Chrysler alliance was the introduction of new technologies in the US should stand corrected. In the beginning, the main reas...
GM Bondholders Reject Offer, Bankruptcy Likely
27 May 2009, 10:28 UTC · By: Daniel Patrascu / As we told you earlier today, the deadline set for GM's bondholders (to accept or decline the swap of a $27 billion for a 10 percent stake in the reorganized company), came and went last night....
Chrysler Submits EV Development Plans
27 May 2009, 07:54 UTC · By: Daniel Patrascu / As part of its restructuring campaign, American manufacturer Chrysler has submitted to the Department of Energy (DoE) three proposals outlining a $448 million plan to "rapidly bring Electric Ve...
Opel Race Heats Up
26 May 2009, 14:06 UTC · By: Daniel Patrascu / German manufacturer Opel has become one of the most craved after assets in the automotive world these days. Until a final decision is made in the following days, new developments are to surface by t...