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Canadian dispute could close US Chrysler plants

Production at several Chrysler factories in North America could be shut down as early as next week because of a standoff at a Windsor, Ontario (Canada) parts plant that directly supplies the manufacturer. With Chrysler already suffering financially the news could not have come at a worse time...

Cerberus defends not spending more on Chrysler

Cerberus Capital Management, the private-equity fund that owns 80.1 percent of Chrysler, says it wants more federal loans for Chrysler LLC in order to avoid excessive risk-taking such that contributed to Wall Street's demise. At the same time the group defended its position of not outlaying any more of its own money saying it intends to protect its investors through rules that limit how much capital it can commit to an individual company...

Chrysler urges its dealers to buy more cars

Chrysler executives in the US are making their second sales plea to dealers in two weeks, urging them today to order 15,000 more cars by Monday to keep the company viable. "You have two choices," said Chrysler co-President Jim Press. "You can either help us or burn us all down...

Chrysler to sell off Viper brand

Chrysler has had three offers to buy its Dodge Viper sports car business, as a separate entity, co-President Jim Press revealed today. The unnamed parties have been in discussion with Chrysler since the operation was put up for sale in August as part of the company's strategy to avoid bankruptcy...

Chrysler & GM offer more worker buyouts

General Motors and Chrysler have today offered a new round of hourly worker buyouts and retirement incentives to help themselves cope with the industry downturn and meet federal labour-saving requirements for the manufacturer's rescue package...

FIAT confirms intentions for stake in Chrysler

Yesterday we brought you news of merger talks between FIAT and Chrysler, but due to the time difference could not draw statement from the Italian manufacturer. Overnight however FIAT has confirmed that it does indeed intend to acquire an initial 35 per cent stake in Chrysler LLC...

FIAT & Chrysler in merger talks

Fiat is in negotiatiions with Chrysler LLC to form a strategic partnership that could include a Fiat equity stake in the ailing American manufacturer. The pact would greatly help Chrysler to speed and strengthen its restructuring plan. According to people close to the source in both Turin (Italy) and Detroit (USA), Fiat could give Chrysler access to its mini, small and mid-sized car platforms, engines and transmissions...

Chrysler US to offer zero per cent finance

With $1.5 billion in federal loan money on the way, Chrysler has introduced a number of financing options in the US today including zero per cent finance packages. Company executives said the loan money should start flowing immediately and that further incentives could follow shortly...

NAIAS - 2011 Chrysler 200C EV Concept

Chrysler has taken its passion for state-of-the-art, transformational vehicles to a new level at this year's NAIAS demonstrating the 2011 Chrysler 200C EV (Electric Vehicle) Concept. Delivering unprecedented connectivity in the areas of convenience, socialisation and synchronisation, the Chrysler 200C EV connects consumers' online and on-road environments in state-of-the-art fashion as consumers begin to treat their vehicles as their second home...

Cerberus offers to forfeit Chrysler equity

In brighter times, Cerberus Capital Management LP hoped to save Chrysler LLC, which it called an American automotive icon. Now the private-equity firm is offering its entire equity stake in the automaker to labor and creditors to help Chrysler secure its $4 billion portion of a federal loan package...

Chrysler to shut down production for one month

Chrysler LLC is shutting down all its North American factories for a month due to the ongoing credit crisis and plunging sales, but Chrysler Australia says the move will have little effect on it. Chrysler announced today that all plants will be idled at the end of production Friday, December 19...