THE SMART NEWS SOURCE | Feb 10 2012 16:19 | LAST UPDATED Feb 10 2012 16:19 |
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No immediate plans to merge Fiat and ChryslerFiat and Chrysler CEO Sergio Marchionne said he had no immediate plans to merge the two car-makers. Chrysler recalls nearly 600 000 vehiclesUnited States car-maker Chrysler is making a slew of vehicle recalls, US government documents showed on Monday. Discounts drive US car sales riseUS car sales jumped to a seven-month high in March led by a 41% surge at Toyota after the carmaker offered the steepest discounts in its history. Ron Gettelfinger: The man who conquered DetroitAfter a catastrophic year for US carmakers, the head of the United Auto Workers union has emerged as one of the most powerful men in the industry. US Supreme Court clears path for Chrysler saleThe US Supreme Court on Tuesday cleared the way for the sale of Chrysler to Fiat, while General Motors began to revamp its widely criticised board. GM trundles toward bankruptcyGeneral Motors will file for bankruptcy on Monday, forcing the 100-year-old carmaker into a new and uncertain era of government ownership. Once mighty US car industry faces day of reckoningThe once mighty US car industry faces a day of reckoning on Monday with the looming bankruptcy of General Motors. Judge pushes ruling on Chrysler's sale to MondayThe judge overseeing Chrysler's bankruptcy case said on Friday he would issue an opinion "sometime on Monday" on the carmaker's proposed sale. GM talks with Europe break down, Chrysler future on holdThe US auto industry faced an uncertain future after talks with Germany on the fate of General Motors' Opel unit collapsed. Chrysler to file for bankruptcyChrysler will file for Chapter 11 bankruptcy on Thursday after talks to restructure its debt with bondholders collapsed, a government official said. Obama forming task force, drops 'car czar' ideaPresident Barack Obama has decided to form a government task force for restructuring the struggling US car industry instead of naming a "car czar". No jets for bail-out companiesGlut expected on market as demand plummets for 2008's must-have executive perk. Lifeline may be too lateChrysler's position is widely considered to be the most perilous of Detroit's "big three" manufacturers. Ring in the new year? The party's overCarmakers put on a brave face at the world's biggest car show on Sunday, with the sales outlook bleak for the coming year. Chrysler gets $4-billion US government loanChrysler on Friday received a $4-billion loan from the US government, two days after the government completed a parallel payout to General Motors. Car makers eye reforms as US offers aidUnited States car makers mulled painful reforms on Saturday after President George Bush unveiled a $13,4-billion rescue loan for the industry. US unveils rescue plan for car makersThe United States government agreed on Friday to an emergency loan of $13,4-billion to ailing car makers. Chrysler to idle plants as pressure builds for aidChrysler said on Wednesday that it would halt factory operations for at least a month, putting new pressure on the Bush administration. US auto-industry bailout faces stiff oppositionThe House of Representatives has approved a lifeline to the teetering US auto industry, but the legislation now faces stiff opposition in the Senate. Bailout plan advancing, could soon face House voteThe White House and congressional Democrats on Tuesday night reached an agreement in principle on a $15-billion proposal for bailing out US carmakers. |
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