CHRYSLER

A resurgent automobile industry vindicates the government's issuing a bailout, President Barack Obama said during during a speech at a Chrysler plant in Toledo, Ohio today.

A public share offering for Chrysler Group LLC is more likely to occur in 2012 than this year because the automaker needs a longer track record of performance, the company's chief executive said on Friday.

The U.S. Treasury has agreed to sell its remaining 6 percent stake in Chrysler to Italian automaker Fiat, which will pay $500 million as part of the deal.

The Treasury said on Thursday it reached an agreement to sell its remaining 6 percent equity stake in Chrysler to Italy's Fiat in a deal that will net Washington $560 million.

Italian automaker Fiat SpA is nearing a deal to buy the U.S. Treasury's remaining 6 percent stake in Chrysler Group LLC and could pay more than $500 million, the Wall Street Journal reported on Thursday.

Higher car prices and a shortage of fuel-efficient vehicles likely threw a roadblock in the U.S. auto industry's recovery path in May, when the Japan crisis had its biggest impact on U.S. sales so far.

Higher car prices and a shortage of fuel-efficient vehicles likely threw a roadblock in the U.S. auto industry's recovery path in May, when the Japan crisis had its biggest impact on U.S. sales so far.

On the Memorial Day evening, did you encounter the beautiful Manhattanhenge? If not, here is your second, and better chance.

On the Memorial Day evening, did you encounter the beautiful Manhattanhenge? If not, here is your second, and better chance.

The longer Italian carmaker Fiat SpA waits to add to its stake in Chrysler Group LLC, the more expensive the purchase will be, the chief executive of both companies said on Wednesday.

Chrysler Group LLC on Tuesday paid back $7.6 billion in U.S. and Canadian government loans from its 2009 federal bailout, a move that allows the U.S. automaker to distance itself from an unpopular bailout and deepen its ties with Italian automaker Fiat SpA.

President Back Obama said on Tuesday Chrysler auto company paying back a final $5.1 billion in bailout funds given by the U.S. government was a significant milestone and a sign that the U.S. auto industry is recovering.

Chrysler Group LLC is set to pay off its government loans on Tuesday, saving it more than $300 million a year in interest payments and allowing Fiat to raise its stake in the U.S. automaker to 46 percent, its CEO said.

Chrysler Group LLC detailed terms of a bond offering and term loan on Thursday that will be used to repay high-cost government loans and put the U.S. automaker on firmer financial ground.

Chrysler Group LLC detailed terms of a bond offering and term loan on Thursday that will be used to repay high-cost government loans and put the U.S. automaker on firmer financial ground.

U.S. automaker Chrysler Group LLC borrowed $6.2 billion to refinance high-cost government loans stemming from its 2009 bankruptcy restructuring, people familiar with the matter said on Thursday.

Chrysler Group LLC plans to repay about $7.5 billion in U.S. and Canadian government loans on May 24 to strengthen the automaker's financial position, a person familiar with the matter said on Wednesday.

NEW YORK, May 16 - Lingering doubts over Chrysler Group LLC's financial outlook along with the wider availability of bank debt could make it more costly for the U.S. automaker to refinance more than $7 billion government debt from its 2009 bailout.

NEW YORK, May 16 - Chrysler Group LLC is widely expected to downsize and raise pricing on its $3.5 billion institutional loan ahead of its commitment deadline on May 18, sources said on Monday.

Chrysler Group LLC, seeking to raise $6 billion in new debt to repay government loans, is expected to restructure its proposed refinancing package this week after investors showed hesitation over the loan portion of the transaction, people familiar with the matter said.

Italian automaker Fiat SpA can boost its stake in Chrysler Group LLC to more than 70 percent using an array of options, including buying the U.S. Treasury's stake.