With gasoline & diesel prices at two-year highs, most of U.S. business fleets are forced to take an immediate hit to their profits, according to a new survey.
Chrysler's market value increased nearly fivefold during its first 18 months managed by Fiat SpA and its top executive Sergio Marchionne, according to a valuation provided by the company.
Chrysler Group LLC is in advanced discussions with banks on refinancing about $7 billion in government debt and establishing a credit facility in a process that would help clear the way for its initial public offering later this year.
Chrysler Group LLC is in advanced discussions with banks on refinancing about $7 billion in government debt and establishing a credit facility in a process that would help clear the way for its initial public offering later this year.
If you’ve followed the auto industry for a while you’ll know that automakers are always sharing technology and projects in cross-collaborations that would normally make any paranoid hard-nosed capitalist weep in fear. But the latest firms to receive official blessing for a joint project might not be the strange bedfellows they appear at first.
U.S. auto sales rose more than 20 percent in February as the lure of discounts from automakers led by General Motors Co (NYSE: GM) outweighed concerns about higher oil prices.
Chrysler Group LLC has taken the first step to re-enter the U.S. capital markets through filings with the U.S. Securities and Exchange Commission, the automaker's boss, Sergio Marchionne, said on Tuesday.
Honda and Subaru still make the best vehicles overall, but Ford posted the largest gain in the past year, improving in its road-test and reliability scores, Consumer Reports said. Newer models such as the Flex SUV pumped up Ford's overall road-test score.
Chrysler CEO Sergio Marchionne led an overhaul of the company's staid lineup of cars and trucks and revived interest in the automaker that was once left for dead-- and he didn't get paid any cash for it.
Chrysler Group LLC, the automaker managed by Fiat SpA , plans to file reports with the U.S. regulators divulging updates of its business and financial condition, the company said on Friday.
Researchers have developed an advanced lithium-ion battery, having high energy content and rate capacity, to make electric vehicles a more realistic alternative to gas-powered automobiles.
General Motors Co (GM.N) will pay its 45,000 hourly workers in the United States a bonus of at least $4,000 each, the automaker said on Monday. The average employee payout will be finalized by the end of February. The payments will be doled out on March 25, a company spokeswoman said.
Chrysler Group LLC's application for federal loans is moving ahead and will not be affected too much by proposed cuts in the Obama administration's budget, the head of the U.S. Department of Energy said on Monday.
The following is a White House Transcript of President Barack Obama's remarks on the unveiling of his proposal for the U.S. 2012 fiscal year federal budget as delivered at Parkville Middle School and Center for Technology in Baltimore, Maryland on February 14, 2011.
General Motors Co and Chrysler Group LLC could award some managers bonuses of up to 50 percent of their salary, Bloomberg reported on Thursday, citing three people familiar with the matter.
Super Bowl XLV provided plenty of entertainment on the football field, and just as much during commercial breaks. Which ad won the night?
Three workers from a high-profile Chrysler plant that makes a crucial new Jeep model were arrested recently for alleged drug use during the workday, the company and police said.
Chrysler Group LLC plans to sharply increase its advertising spending and is on track to complete its Project Genesis restructuring and product development initiative by the end of the year, dealers and company executives said on Sunday.
Chrysler Group LLC is working to refinance what its chief executive characterized as shyster loans that the Obama administration extended as part of a bailout to keep the automaker from collapse in 2009.
Chrysler Group LLC canceled first production shifts at several plants in eight locations on Wednesday due to a shortage of parts.
Gold prices eased a touch in Europe on Wednesday after well received U.S. economic data and a spate of upbeat corporate earnings deflected interest away from bullion on to higher-risk, higher-yielding assets.
American car owners gave a confidence boost to auto manufacturers, as General Motors, Ford, Chrysler and Toyota posted double digit gains in January US auto sales.