Auto dealer Hecker shuts six stores, dismisses 400 employees ( Sat, 22 Nov 2008 18:44:00 +0100) Minnesota auto dealer Denny Hecker, who sued Chrysler Financial after his credit line was cut off two weeks ago, closed six of his stores and sold three others, costing 400 employees their jobs. Read more
Chrysler employees must decide on buyouts next week ( Fri, 21 Nov 2008 20:06:00 +0100) About 14,000 Chrysler LLC white-collar employees are agonizing this weekend over whether to take buyout packages offered by the company. They have until the end of business Wednesday to decide. Read more
GM-Chrysler Merger Bad Idea ( Fri, 21 Nov 2008 17:56:56 +0100) Lets hope merger talks dont resume. Almost no automotive OEM merger has worked in recent history. Read more
Chrysler Canada seeks C$1 billion in aid-report ( Thu, 20 Nov 2008 13:52:47 +0100) TORONTO, Nov 20 (Reuters) - Chrysler Canada Inc [CBS.UL] has asked the Canadian and Ontario governments for C$1 billion in financial assistance to help Read more UPDATE 2-Nissan-Renault focused on cash, rules out deals ( Wed, 19 Nov 2008 23:12:47 +0100) (Adds quotes on failure risk, background on Chrysler, outlook for Nissan second-half financial performance) By Nichola Groom and Kevin Krolicki LOS ANGELES, Read more
Fitch may cut Chrysler, views federal aid as vital ( Wed, 19 Nov 2008 16:45:00 +0100) Fitch Ratings said today it may cut its rating on Chrysler LLC to an even more speculative grade and warned that the automaker will need federal assistance and forbearance of trade creditors to avoid a default. Read more
Fitch may cut Chrysler, views federal aid as vital ( Wed, 19 Nov 2008 18:57:40 +0100) NEW YORK, Nov 19 (Reuters) - Fitch Ratings on Wednesday said it may cut its rating on Chrysler LLC [CBS.UL] to an even more speculative grade and warned Read more Chrysler Financial closing 3 of 4 business centers in Canada ( Wed, 19 Nov 2008 16:09:00 +0100) Chrysler Financial Canada will close three of its four business centers in Canada, the unit's President Gino Cozza told auto dealers yesterday. The Western Business Center in Calgary, Alberta, will close immediately. Read more Chrysler's Nardelli says he'd mimic Iacocca, accept $1 salary ( Wed, 19 Nov 2008 04:01:00 +0100) Chrysler LLC CEO Bob Nardelli said he would accept $1 per year in salary if it helped Chrysler obtain its $7 billion share of a proposed $25 billion automaker rescue package. Read more
Nardelli: Chrysler is close to running out of cash ( Wed, 19 Nov 2008 04:01:00 +0100) Chrysler LLC CEO Bob Nardelli told a Senate hearing today that the automaker will burn through $5 billion to $7 billion in cash in 2009. That would be on top of $5 billion in cash consumed in the first three quarters of 2008. Read more
Nardelli: Chrysler is close to running out of cash ( Tue, 18 Nov 2008 23:21:00 +0100) Chrysler LLC CEO Bob Nardelli told a Senate hearing today that the automaker will burn through $5 billion to $7 billion in cash in 2009. That would be on top of $5 billion in cash consumed in the first three quarters of 2008. Read more
Chrysler's Nardelli says he'd mimic Iacocca, accept $1 salary ( Tue, 18 Nov 2008 23:47:00 +0100) Chrysler LLC CEO Bob Nardelli said he would accept $1 per year in salary if it helped Chrysler obtain its $7 billion share of a proposed $25 billion automaker rescue package. Read more
QUOTEBOX-Auto ceos, US lawmakers sound off on bailout idea ( Wed, 19 Nov 2008 01:18:40 +0100) Nov 18 (Reuters) - Following are comments by top executives with General Motors Corp , Ford Motor Co and Chrysler LLC, and by U.S. lawmakers about the Read more
SCENARIOS-What to expect from U.S. auto bailout debate ( Wed, 19 Nov 2008 02:20:51 +0100) DETROIT, Nov 18 (Reuters) - The leaders of General Motors Corp , Chrysler LLC [CBS.UL] and Ford Motor Co are testifying before the U.S. Congress this Read more
CORRECTION - WASHINGTON - REFILE-BRIEF-GM, Ford, Chrysler CEOs ask Senate panel for bail ( Tue, 18 Nov 2008 22:11:45 +0100) (Corrects spelling of Mulally in second-last bullet point) WASHINGTON, Nov 18 (Reuters) - The chief executives of General Motors Corp , Ford Motor Co Read more
REFILE-BRIEF-GM, Ford, Chrysler CEOs ask Senate panel for bail ( Tue, 18 Nov 2008 22:11:55 +0100) (Corrects spelling of Mulally in second-last bullet point) WASHINGTON, Nov 18 (Reuters) - The chief executives of General Motors Corp , Ford Motor Co Read more Chrysler Banks Heavily on ZF ( Tue, 18 Nov 2008 20:07:49 +0100) Chrysler Vice Chairman Tom LaSorda suggests linking federal aid to further fuel-economy increases, as some are demanding, is unfair and unwarranted. Read more
Chrysler DCT Plans Stuck in Neutral as Getrag Declares Bankruptcy ( Tue, 18 Nov 2008 20:07:59 +0100) The setback flies in the face of an ongoing Chrysler powertrain initiative and the auto makers philosophy of establishing strategic alliances, a hallmark of Chryslers business approach. Read more
Chrysler-ZF axle plant will seek multiple customers ( Tue, 18 Nov 2008 17:44:00 +0100) Financially strapped Chrysler LLC is going ahead with its joint venture with ZF Friedrichshafen AG to make axles at a new plant here. Production will begin in 2010 for 2011 models. Read more
Chrysler dealers to meet Congress, gov officials ( Mon, 17 Nov 2008 22:19:01 +0100) DETROIT, Nov 17 (Reuters) - Chrysler dealers, set to press lawmakers to rescue U.S. automakers, said on Monday that Washington fails to understand how Read more TEXT-Fitch cuts 2, may cut 7 cls of DaimlerChrysler Auto Tr ( Mon, 17 Nov 2008 22:19:11 +0100) (The following statement was released by the ratings agency) Nov 17 - Fitch Ratings takes action on certain classes of asset-backed notes issued by DaimlerChrysler Read more Chrysler dealers go to D.C., ask for industry bridge loan ( Mon, 17 Nov 2008 19:50:00 +0100) Thirty-three Chrysler LLC dealers from 25 states converged on Washington today to lobby lawmakers for a bridge loan to get the domestic industry through its crisis. Read more Chrysler, ZF poised to announce axle pact ( Mon, 17 Nov 2008 18:10:00 +0100) Chrysler LLC appears to have a deal with German axle maker ZF Friedrichshafen AG to operate an axle plant being built in Marysville, Mich. Read more UPDATE 1-Getrag Transmission files for bankruptcy protection ( Mon, 17 Nov 2008 19:12:07 +0100) DETROIT, Nov 17 (Reuters) - Getrag Transmission Manufacturing LLC filed for bankruptcy protection on Monday, citing a legal dispute with Chrysler LLC Read more Death of Detroit would wallop ad world ( Mon, 17 Nov 2008 14:05:00 +0100) If you think you're insulated from the death rattle of Detroit, think again. General Motors, Ford Motor Co. and Chrysler together accounted for 3.3 percent of 2007 U.S. Read more
Chrysler Canada seeks C$1 billion in aid-report 
Chrysler Financial closing 3 of 4 business centers in Canada 
Chrysler's Nardelli says he'd mimic Iacocca, accept $1 salary 
REFILE-BRIEF-GM, Ford, Chrysler CEOs ask Senate panel for bail 
Chrysler dealers to meet Congress, gov officials 
UPDATE 1-Getrag Transmission files for bankruptcy protection 
