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U.S. auto sales jumped about 18 percent in January, led by gains for General Motors Co. and Chrysler.
The stronger U.S. auto sales results pointed to a recovery in American consumer demand and a return of easier lending terms by banks, auto executives and analysts said, despite the threat of higher oil prices. Get the full story »
Chrysler Group LLC, the automaker managed by Fiat SpA, reported a $199 million net loss for the fourth quarter Monday and it expects to be profitable this year, when it plans to go public.
Chrysler, which emerged from a U.S. government-funded bankruptcy in mid-2009, reported fourth-quarter revenue of $10.76 billion, a slight drop from the third quarter due to fewer fleet sales. Get the full story »
Chrysler Group LLC and the U.S. Environmental Protection Agency said Wednesday that they are working together to commercialize an unusual type of hybrid-vehicle technology aimed at reducing fuel consumption.
Under the partnership, Chrysler will work to produce vehicles using a hydraulic hybrid system developed by the EPA. The system recovers energy as a vehicle brakes and uses the resulting hydraulic pressure to help power the vehicle. Get the full story »
Chrysler Group LLC Chief Sergio Marchionne said he wants to “re-think” the automaker’s iconic minivan and introduce a new concept as early as 2013.
Fiat has made fast progress toward clearing a second benchmark in restructuring Chrysler that could take its ownership in the U.S. automaker to 30 percent. Get the full story »
Maserati will get its own SUV model next year, built on the platform of Jeep Grand Cherokee at the Chrysler Group plant in Detroit, the companies announced Tuesday.
Sergio Marchionne, the CEO of Jeep parent Chrysler Group and Maserati parent Fiat, said that the new vehicle will debut in 2012 and that it will contain an engine designed by another Fiat unit, Ferrari. Get the full story »
Italy’s Fiat lifted its stake in Chrysler to 25 percent Monday as Chief Executive Sergio Marchionne prepares for an upcoming round of meetings with bankers to refinance Chrysler’s debt and to ready an initial public offering of shares. Get the full story »
Fiat and Chrysler CEO Sergio Marchionne says he wants to pay back the loans Chrysler got from the U.S. and Canadian governments this year if he can.
Marchionne said Friday that he remains committed to that in remarks to reporters while at a Chrysler plant in Brampton, Ontario, where he met with employees to celebrate the production launch of the redesigned 2011 Chrysler 300, Dodge Charger and Dodge Challenger. Get the full story »
Chrysler is recalling nearly 150,000 trucks and SUVs to address several problems, including steering, air bag issues and the potential for trucks to stall.
The recalls were posted Thursday on the National Highway Traffic Safety Administration’s Web site. Get the full story »
Federal-Mogul Corp. is recalling 22,689 replacement control arm assemblies in certain older model Chrysler vehicles after it found a fault that could cause vehicles to crash.
The Michigan-based auto parts supplier said a part of the assembly, a ball stud, could wear through the assembly housing, causing the driver to lose steering control, according to a notice filed with the U.S. National Highway Traffic Safety Administration. Get the full story »
Toronto-Dominion Bank has agreed to buy Chrysler Financial, the automaker’s old lending arm, from private equity firm Cerberus Capital Management LP for $6.3 billion. Cerberus acquired the lender when it bought most of the automaker for $7.4 billion in 2007. Cerberus lost control of Chrysler when the automaker nearly ran out of cash and faced liquidation in 2008. Get the full story »
Chrysler and Volkswagen announced large recalls Wednesday to address potential accidental air-bag deployments and possible fuel leaks.
Chrysler Group LLC said it was recalling more than 367,000 minivans to address potential accidental air-bag deployments in 2008 Chrysler Town and Countrys and Dodge Grand Caravans. Get the full story »
Chrysler is recalling about 76,000 Dodge Ram pickup trucks to fix a power steering issue that could lead to brake pedals that are slow to return after the driver applies them.
The recall affects certain 2010-2011 Dodge Ram trucks built from March 2009 through October 2010. Get the full story »
Chrysler is kicking off production of the Chrysler 200 and Dodge Avenger sedans, two revamped cars that are critical to the automaker’s future. Get the full story »
