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The auto industry loves to find miracle workers. Thirty years ago, Lee Iacocca worked his magic by convincing Congress to deliver a package of loan guarantees that kept Chrysler from going broke. A decade ago, Carlos Ghosn was recruited to save struggling Nissan. Now Sergio Marchionne is being asked to pull together a miracle for the second time.
Chrysler hopes to make billions of dollars to repay government loans and revamp all of its cars and trucks with an ambitious plan that hinges on doubling sales in five years.
Coming to your local Chrysler, Dodge or Jeep dealer: Tractor-trailers full of cars and trucks with lower sticker prices.
If the morning commute interrupts your regular newscast, Chrysler may have a solution — live TV in your car with news, sports and other cable channels.
Chrysler has returned $5.5 million in bonds to an Indiana county to settle a dispute over millions of dollars the county spent toward a transmission plant that a Chrysler supplier stopped building last year.
Chrysler Group LLC dealers across the country are being schooled on the company's customer service expectations this week but won't get a glimpse of the company's new model lineup.
Chrysler Group LLC on Monday announced a shakeup of top management, as two brand CEOs left and the Dodge brand was split into car and truck operations. The following are key executives involved in the changes.
With sales down sharply and pressure to start generating cash before government loans run out, Chrysler CEO Sergio Marchionne shook up his executive team Monday, replacing two of his brand managers after just four months and splitting Dodge into car and truck units.
Chrysler's new Italian management on Monday announced a surprise shake-up of the automaker's executive team, saying two recently appointed brand CEOs have left and that it was splitting Dodge into two groups, one focusing on trucks and the other on cars.
The Labor Department said Friday it was seeking an exemption to facilitate Chrysler's move under bankruptcy proceedings to transfer company securities into a new retiree health care trust.
The new Italian leader of Chrysler Group LLC says he is not alarmed by the automaker's market share decline and he expects to improve the company's U.S. share from this point forward.
Chrysler thinks its future may be in a new lineup of smaller cars based on models from Italian partner Fiat. The question is how to make them for Americans put off by stiff suspensions, firm seats and — perish the thought — not enough cupholders.
A person briefed on the agenda says the new Chrysler Group LLC board will discuss plans for a number of new models, some based on cars sold by Italy's Fiat Group SpA.
The bankruptcy court judge overseeing certain Chrysler assets has approved a $24 million settlement in the death of a California longshoreman run over by a Dodge pickup.
Chrysler Group LLC says it will return to leasing vehicles after a yearlong hiatus.
Chrysler Group LLC said Thursday it ended an engine building alliance with Mitsubishi Motors Corp. and Hyundai Motor Co. and is in talks to replace it with Fiat Group SpA, bringing the Italian automaker's technology to engine manufacturing in the U.S.
Indiana officials want the U.S. Supreme Court to reconsider their objections to the Chrysler bankruptcy proceedings that resulted in the sale of the bulk of the automaker's assets to Italy's Fiat.
Chrysler Group LLC said Thursday it will accept product liability claims in a broader number of cases than originally planned in its reorganization under bankruptcy protection.
Chrysler Group LLC has sued Daimler AG, accusing the German automaker of failing to abide by contracts requiring it to supply crucial parts and putting the production of key 2010 Chrysler vehicles in jeopardy.
Chrysler CEO Sergio Marchionne has ordered a review of the automaker's model lineup with the possibility if eliminating slower-selling models that are sold under more than one of the Chrysler, Dodge and Jeep brands.
At a Jeep factory in Toledo, Ohio, workers fear that Chrysler's new Italian management will scrap one of the two models they make, costing some of them their jobs.
Chrysler Group LLC said Wednesday that it is dropping its lifetime powertrain warranty in favor of a 5-year, 100,000-mile guarantee.
Chrysler LLC's creditors have filed a lawsuit against Daimler AG charging that the German automaker unlawfully stripped billions of dollars in assets from the U.S. carmaker before selling it to a private equity firm.
Chrysler Group LLC is planning to built the Fiat 500 minicar at a factory in Toluca, Mexico instead of a soon-to-be shuttered plant in the U.S. A comparison of the Toluca plant and the Sterling Heights, Mich., assembly plant, where workers had hoped to get the 500:
Chrysler Group LLC, now being run by Italian automaker Fiat Group SpA, is planning to build the Fiat 500 minicar at a factory in Mexico, according to a person briefed on the company's plans.
Chrysler Electric Car Programs Dumped… Despite Bailout PromisesAt a marathon presentation of Chrysler's five-year strategy, [Fiat] CEO Sergio Marchionne talked about just about everything on Chrysler's plate last week except its earlier electric-car plans… He says electrics will only make up 1% or 2% of Fiat sales by 2014 and that he d …
Chrysler drops three electric vehicles despite having touted them to get billions in government bailout cashIf you believed all the talk from Chrysler about how our tax dollars would help finance its fast-track electric-vehicle future, you're in for a big disappointment.
America's carmakers make a comeback: Rinsed and raring to go | The EconomistAfter a terrible year there are signs of hope for Detroit
U.S. to Order Pay Cuts at 7 Companies With Bailout Aid WASHINGTON — Responding to the furor over executive pay at companies bailed out with taxpayer money, the Obama administration will order the firms that received the most aid to slash compensation to their highest-paid employees, an official involved in the decision said on Wedn …
Administration Said to Order Deep Cuts in Pay at Bailed-Out Companies Responding to the growing furor over the paychecks of executives at companies that received billions of dollars in federal bailouts, the Obama administration will order the companies that received the most aid to deeply slash the compensation to their highest paid executives, an …
Chrysler's new minivans demand respectSometimes a van is just a van, but with their new Town & Country and Grand Caravan minivans, Dodge and Chrysler want to change that perception. And they might succeed. MotorHead, by Dan Carney.
Obama fails to win Nobel prize in economics. By Tom Bemis, MarketWatch. Oct. 12, 2009, 8:47 a.m. EDTLONDON (MarketWatch) -- In a decision as shocking as Friday's surprise peace prize win, President Obama failed to win the Nobel Memorial Prize in Economic Sciences Monday.
Obama tells workers U.S. economy is on the mendLORDSTOWN, Ohio (Reuters) - President Barack Obama promised struggling autoworkers on Tuesday he was committed to rebuilding a thriving U.S. auto industry and said the world's largest economy was on the mend.
President Obama to Appoint Ron Bloom Manufacturing Czar. by Jake Tapper. September 06, 2009 8:12 PMIn Cincinnati tomorrow, President Obama will announce that he's appointing Ron Bloom his Senior Counselor for Manufacturing Policy, White House sources tell ABC News.
No Economic Recovery in Sight: More Financial Chaos AheadNo Economic Recovery in Sight: More Financial Chaos Ahead By Bob Chapman, The International Forecaster (reposted on DProgram.net)
COAL Obama video PUBLIC EDUCATION SUBVERTS Washington Lies - Walter Williams HOME MORTGAGES Barney Frank, Chris Dodd, Maxine Waters and others are up to their eyeballs in this.
This is why you don't antagonize buldozer operatorsWhen stubborn Qu Liming refused to make way for a government building project, he had no idea just how far officials would go to turn a molehill into a mountain.
California, Oregon and Washington State Worker's Pension Plans Depleted in Private-Equity Investment GambleU.S. pension funds contributed to the record $1.2 trillion that private-equity firms raised this decade. Three of the biggest investors, state pensions in California, Oregon and Washington, plunked down at least $53.8 billion.
GM and Chrysler steer different paths to recoveryBy Bernard Simon in Toronto Published: August 14 2009 19:02 | Last updated: August 14 2009 19:02 Detroit's two embattled carmakers, General Motors and Chrysler, have been a study in contrasts since their emergence from court-supervised restructurings in recent months.
Automakers Increase Production Nationwide To Meet DemandThanks to the Cash For Clunkers Program carmakers nationwide have had to step up production to meet demand and are calling back workers and increasing overtime work.
Senate Adds $2 Billion to 'Clunkers' Plan I keep hearing people mention how this program is awful, yet sales continue to rise, more fuel-efficient cars are replacing their guzzling predecesors, and it appears that GM/Ford/Chrysler will be hiring more workers and/or increasing production.
Rebates for 'Clunkers' Aid Ford Most as Car Sales ClimbThe government's "cash for clunkers" program gave automakers a desperately needed sales boost in July, though their relief could be short-lived if the Senate does not vote to extend the trade-in program after it ran out of money within days of starting.
Some conservative Republicans are mocking the "Cash For Clunkers" program, suggesting that it is a waste of taxpayer dollars. One Congress representative said there should be a "Cash For Cluckers" program encouraging people to eat more chicken.
What's ahead for cats cared for at Chrysler plant? | Freep.com | Detroit Free Press
Bankruptcies Leave GM, Chrysler Defect Victims in the Dust - ABC NewsA third-degree burn is devastating to anyone, but for Terry Cole, it meant the end of a dream: walking again.
Opinion. Obama's mythography: An Orwellian disaster Buzz up! Tuesday, July 7, 2009 President Barack Obama's Orwellian rhetoric has become absolutely pathological. And it's become so blatant that you can almost guarantee that the truth is the exact opposite of what he says. To wit:
UAW jobs no longer the key to middle class livingFor millions of Americans, the automobile industry, or rather a job at General Motors, Chrysler or Ford, has been the ticket into the middle class.
Recently, I've come across a lot of posts on this website that are hypercritical of Obama's efforts to right the US flagship after Bush successfully steered us into an iceberg.
Mass. Market: Car dealers learn harsh lesson -- loyalty counts for little - Taunton, MA - The Taunton GazetteWith Chrysler filing bankruptcy, they have had to cut dealerships out of the franchise. Tom Bickford, owner of a dealership feels there may have been a mistake because his dealership was in the top 15%.
American Auto Owners May Lose RightsGM and Chrysler have asked the bankruptcy court to release them from liability for any claims made for drivers killed or injured by any alleged automobile defects. A decision has not been made but product liability attorneys are urging congress to establish a victims' fund.
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