STUTTGART/WASHINGTON - Daimler swung to a hefty loss, hit by exposure to Chrysler, and Opel and Saab braced for news of General Motors' survival plan, as European carmakers saw their fates tied closely to their U.S. peers.
As GM and Chrysler put the finishing touches to blueprints showing how they will pay back billions of dollars of government loans, Chrysler's German ex-owner Daimler said it...
Daimler swung to a hefty loss, hit by exposure to Chrysler, and Opel and Saab braced for news of General Motors' survival plan, as European carmakers saw their fates tied closely to their U.S. peers.
WASHINGTON - The U.S. government will release $4 billion in additional aid to General Motors Corp on Tuesday as planned, a White House aide said on Monday, ahead of the deadline for the automaker to submit a new survival plan.
The aide said GM's smaller rival Chrysler LLC's request for additional aid would be treated as a new request and dealt with separately.
GM is seeking conce...
suggesting they still have an immediate need for another $5 billion.
Brad Coulter, director of the Detroit-based turnaround firm Okeefe & Associates, said the final price tag for a GM bailout could approach $50 billion if the market remains depressed.
Chrysler, controlled by private equity firm Cerberus Capital Management LP, has been granted $3 billion and is seeking an additional $4 billi...
Negotiators for General Motors Corp and the United Auto Workers union, staring down a Tuesday deadline for the struggling automaker to submit a plan for its survival to the U.S. government, were making progress in high-stakes talks aimed at cutting GM's costs and debt, a person familiar with the matter said.
Chrysler LLC is making progress in talks with creditors and the United Auto Workers union on a restructuring plan required under a federal bailout, a senior Chrysler executive told Reuters on Friday.
Across General Motors Corp. and Chrysler LLC there are fears of more plant closures and job cuts as the companies approach the February 17 deadline to show government they have viability capabilities.
Automaker Chrysler LLC is offering another round of buyout and retirement incentives to hourly workers, a union official said according to the Associated Press
Chrysler LLC urged its U.S. dealers on Sunday to cut costs and order more of its vehicles as the automaker moves to secure additional government aid.
Automaker Chrysler LLC will announce what it called extraordinary discounts later Thursday, part of a new incentive to sell dealer's inventories and boost sales.
Fiat and Chrysler announced on Tuesday they signed an agreement for a strategic alliance in which Italy's car maker will have a 35 percent stake in Chrysler. The non-cash deal would give the troubled U.S. carmaker access to Fiat's products.
Fiat Group and Chrysler LLC are in negotiations to form a strategic partnership, a report from Automotive News Europe said on Monday.
The financial unit of automaker Chrysler LLC was granted an additional $1.5 billion to help it make new car loans.
Got a 79 Chrysler Cordoba in your driveway? Congress is considering a proposal that would reward American up to $4,500 if they trade old cars to cash to scrapping companies, depending on the car.
Chrysler LLC denied on Wednesday it is selling plants or any of its three brands --which include Jeep and Dodge -- to the joint Renault SA-Nissan.But, LaSorda said Chrysler might sell tooling for car models it no longer produces.
Automakers showed off their plans for electric and hybrid autos set to go on sale in the coming years, as fuel efficient vehicles gained a bigger showcase in this year's North American International Auto Show. The vehicles highlighted at the show include planned pure electric vehicles, and electric-gas hybrids.
Automakers showed off their plans for electric and hybrid autos set to go on sale in the coming years, as fuel efficient vehicles gained a bigger showcase in this year's North American International Auto Show. The vehicles highlighted at the show include planned pure electric vehicles, and electric-gas hybrids.
Chrysler LLC on Friday received an initial $4 billion emergency loan from the U.S. government, two days after the government completed a parallel payout to its larger rival General Motors Corp.
Amid soaring crude oil prices and weak demand, General Motors, Toyota, Ford, and Chrysler reported declining sales in May but Honda sales jumped.
As oil prices surge, a new risk looms for Detroit: the future may be slipping out of its control.
Ford Motor Co. and the Canadian Auto Workers ratified a three-year labor contract that their union plans to use as a pattern for negotiations with General Motors Corp. and Chrysler LLC.
Chrysler LLC and Nissan Motor co Ltd said both companies will join a project to manufacture cars for each other, the groups announced on Monday.
