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.
India's top IT services provider, Tata Consultancy Services (TCS), said it has bagged a multi-year contract from US-based automaker Chrysler LLC to provide maintenance on mainframes and servers and support computer applications.
Chrysler LLC and Nissan Motor Co. announced a partnership on Friday for the South American market which calls for cars produced by Nissan but sold under the Chrysler brand name.
Major automakers reported lower U.S. sales for December led by a 9 percent slide at Ford Motor Co as the industry closed out its weakest year in over a decade and faced the prospect of deeper declines in 2008.
Daimler AG Chief Executive Dieter Zetsche does not expect the U.S. economy to contract as a result of high oil prices and the real estate crisis. The CEO also rebutted Wednesday's market speculation that Cerberus, which bought an 80 percent stake in Chrysler from Daimler earlier this year, had called on the German carmaker to extend a $1.5 billion loan.
Chrysler LLC's recent decision to cut up to 10,000 factory jobs and slash production in North America tested the credibility of the automaker's new private equity owner, the head of the Canadian Auto Workers said on Tuesday.
Three top investors in the automotive industry painted a grim picture on Sunday for the sector in 2008, with one executive predicting a possible slump in U.S. sales to levels not seen in 15 years. The weakest forecast is for a possible 9.4 percent decline. But all three -- Jerry York, an adviser to billionaire investor Kirk Kerkorian; financier Wilbur Ross; and Thomas Stallkamp, a former Chrysler president -- were more pessimistic than many in the battered industry.
Chrysler LLC and Ford Motor Co on Thursday reported double-digit drops in October sales, lagging rivals in a slumping U.S. market widely expected to remain under pressure into next year. Chrysler, which also announced plans to slash one-fifth of its factory work force and cut four slow-selling models, posted a 12 percent drop in monthly sales that was deeper than analysts had forecast.
