Executives from Chrysler Group LLC will meet the U.S. Treasury Department's auto task force this week, but no public statement is expected after the meeting, a Treasury official said on Tuesday.
U.S. auto sales likely fell in September back to the nearly three-decade lows of early 2009 without government incentives to spur buying, leaving in doubt the timing and pace of a recovery for the battered industry.
The Chrysler Group LLC board of directors met on Friday to discuss Chief Executive Sergio Marchionne's plan for revamping the automaker's product line-up at a time of sagging sales, a person with direct knowledge of the plans said.
A U.S. Treasury Department watchdog will study decisions by General Motors Co [GM.UL] and Chrysler to cut more than 2,000 dealers, a key bailout watchdog said on Thursday.
Fisker Automotive was awarded a $528.7 million U.S. government loan on Tuesday for development of gas-electric hybrid plug-ins.
Cost-savings talks between Ford Motor Co's (F.N) Canadian subsidiary and the Canadian Auto Workers union continued on Wednesday, but the union said Ford had so far failed to address its key issue.
Fisker Automotive was awarded a $528.7 million U.S. government loan on Tuesday for development of gas-electric hybrid plug-ins.
Canadian Prime Minister Stephen Harper announced C$54.8 million ($50.7 million) in aid to autoparts maker Linamar Corp (LNR.TO) on Monday to help it develop green and fuel-efficient automotive powertrains.
One of the best-known auto industry executives in the world has fallen on hard times.
Chrysler executive Jim Press has been sued by a California credit union for failing to repay more than $400,000 on a loan dating back to his stint as chief of Toyota Motor Corp's U.S. operations, court records show.
The global auto supply sector needs further consolidation, U.S. billionaire investor Wilbur Ross said, adding he was looking at potential acquisition targets, including at least one in Europe.
Chrysler Group said on Wednesday it would offer leases on its newest vehicles just over a year after sharply tighter credit markets and plunging vehicle values forced it to retreat from the market.
Chrysler Group said on Wednesday it would offer leases on its newest vehicles just over a year after sharply tighter credit markets and plunging vehicle values forced it to retreat from the market.
The European car industry could face a further shake-up with Asian companies pouncing on the chance to buy assets as China's Beijing Automotive Industry Holdings has done with Swedish car maker Saab.
Italy's Fiat (FIA.MI) can reach its target of selling between 5.5 and 6 million vehicles with Chrysler alone but the group still considers renewal of Italy's car sale incentives as vital.
Two Pct Growth in Coming Quarters; U.S. Prices Rise; Chrysler's Plans
Chrysler Group LLC will present a five-year business plan by the end of November that outlines numbers and the path out of two years of difficulties, its chief executive said on Wednesday.
Chrysler Group LLC will present a five-year business plan by the end of November that will outline numbers and the path out of two years of difficulties, its chief executive said on Wednesday.
Chrysler's new business plan will be presented by the end of November and will show numbers and the path out of years of difficulties, the company's chief executive said on Wednesday.
The Canadian Auto Workers is working to complete a working-level exchange of information with Ford Motor Co (F.N) this week before returning to full-scale negotiations with the No. 2 U.S. automaker, the head of the union said on Monday.
Magna International (MGa.TO) does not believe its controlling stake in European automaker Opel will have a negative impact on its current customers, a top executive said on Monday.
Facing dwindling sales, Chrysler is discovering that it is easier to reinvent a balance sheet than a line-up of cars and trucks.
