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EU regulators clear Fiat tie-up with Chrysler

EU regulators clear Fiat tie-up with Chrysler
EU regulators on Friday approved a tie-up between Italian automaker Fiat and US-based manufacturer Chrysler, saying the move would not hurt competition in Europe. "After examining the operation, the (European) Commission concluded that the transaction would not significantly impede effective competition...
July 24th, 2009 | Chrysler, Fiat | Read More

Job losses as GM, Chrysler close dealerships

Job losses as GM, Chrysler close dealerships
Moves by ailing carmakers Chrysler and General Motors to slash their US dealerships will cost tens of thousands of jobs, taking a heavier toll than cuts in production, analysts say. General Motors, the largest US automaker, said Friday it would seek to eliminate nearly 40 percent of its US dealers, more...
May 16th, 2009 | Chrysler, General Motors | Read More

Chrysler closing 789 dealerships

Chrysler closing 789 dealerships
Chrysler LLC will close down 789 dealerships, or roughly 25% of the current number, according to a plan filed in bankruptcy court Thursday. Chrysler had a total of 3,181 authorized dealers in operation at the time of its April 30 bankruptcy court filing, according to court filings. Just over half of...
May 14th, 2009 | Chrysler | Read More

Holdouts drop opposition to Chrysler bankruptcy plan

Holdouts drop opposition to Chrysler bankruptcy plan
A group of lenders to troubled automaker Chrysler withdrew their court challenge Friday against a government-backed bankruptcy restructuring plan for the auto giant, their lawyer said. The move clears away one of the major hurdles to a swift emergence from bankruptcy protection for the troubled automaker. The...
May 8th, 2009 | Chrysler | Read More

Chrysler extends buyout offer for production workers

Chrysler LLC said Monday it planned to offer a new round of buyouts to all its blue-collar workers as the struggling automaker braced for further troubles ahead. Chrysler spokeswoman Mary Beth Halpri said that the number three automaker had been set to make the offer in December and January, under an...
February 2nd, 2009 | Chrysler | Read More

US Treasury finalizes 4-billion-dollar loan to Chrysler

The US Treasury said it has finalized a 4-billion-dollar loan to troubled cash-strapped carmaker Chrysler. "Treasury today finalized the loan transaction for Chrysler car company and funded the full amount of 4 billion dollars," Brookly McLaughlin, a Treasury spokeswoman, said in a statement. Chrysler...
January 2nd, 2009 | Chrysler | Read More

Chrysler to slash up to 5,000 jobs worldwide by year-end

Chrysler LLC said Friday it was slashing up to a quarter of its white-collar workforce by the end of this year to cope with economic and market turmoil hitting the auto industry. Up to 5,000 jobs will be eliminated throughout the company's facilities worldwide, said David Elshoff, spokesman for the...
October 24th, 2008 | Chrysler | Read More

Chrysler merger not inked yet

Chrysler's top executive confirmed Monday that the company is holding talks about a potential alliance with another automaker, but cautioned no deal had been reached. "I can tell you that we have approached and have been approached by third parties who are interested in exploring future possibilities...
October 13th, 2008 | Chrysler | Read More

Chrysler considers merger options

US automaker Chrysler considered several new partnership options Sunday, including mergers with Renault-Nissan and General Motors, industry and union officials said. Two sources, one an executive at a rival company and another a key official from the United Auto Workers, said talk of merger of Chrysler...
October 12th, 2008 | Chrysler | Read More

Chrysler resorts to layoffs to cut 1,000 jobs

Chrysler LLC has resorted to firing 250 salaried workers in order to meet targeted job reductions as it shrinks its struggling US operations, the automaker said Friday. "There are involuntary separations underway," Chrysler spokeswoman Shawn Morgan told AFP. "It's certainly very difficult. But we...
September 26th, 2008 | Chrysler | Read More
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