Fiat and Chrysler CEO Sergio Marchionne on Friday proposed a joint venture with Chrysler LLC to build Alfa Romeo and Jeep brand vehicles at Turin’s Mirafiori auto plant.
Chrysler
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Chrysler to invest $843M in Kokomo plants
Chrysler Group LLC said Tuesday it is looking to invest $843 million to improve its Kokomo, Indiana, plants to produce a new transmission and retain about 2,250 jobs.
Chrysler said the Kokomo improvements would push its total investment in U.S. facilities to nearly $3 billion since the automaker emerged from a government-funded bankruptcy under the management control of Italy’s Fiat SpA in June 2009. Get the full story »
New Jeep helps Chrysler narrow loss
A 2011 Jeep Grand Cherokee at the Jefferson North Assembly in Detroit. (AP Photo/Carlos Osorio)
Chrysler cut its losses in half between the second and third quarters as a new version of the Jeep Grand Cherokee notched strong sales.
The automaker raised its full-year profit forecast, its confidence boosted by the arrival of nearly a dozen new or revamped vehicles in the next few months.
Chrysler to pump $600M, new car into Belvidere
Chrysler Group LLC will invest $600 million in its Belvidere assembly plant to build new cars starting in 2012, the company announced Thursday.
The investment won’t create any new jobs, but the company said it will retain the 2,349 jobs at the plant and a nearby parts stamping plant. Get the full story »
Ford, other automakers announce Michigan jobs
Michigan’s auto industry could get a boost — including the possibility of more than 2,000 additional jobs at the Detroit area’s biggest carmakers — from projects assisted with state tax incentives announced Tuesday.
Ford Motor Co., General Motors Corp. and Chrysler Group LLC were among the 16 companies with projects granted tax incentives by a state board.
It’s not clear exactly how many new jobs might be created directly at the companies awarded the tax incentives. But the new jobs could top 2,000 with the Detroit-area automakers alone, if all projects — including some in the early stages — materialize as planned. Get the full story »
New round of U.S. loans reported for Chrysler
Chrysler, the once-bankrupt U.S. automaker that received billions in government aid last year, will soon get new federal loans to help retool factories to make more fuel efficient vehicles, according to sources familiar with the matter.
The timing of the Energy Department award to Chrysler is fluid, but sources with knowledge of the financing and the industry say the automaker will likely receive approval for new credit before General Motors Co. Get the full story »
Ford, GM gaining on Toyota, Honda in reliability
Consumer Reports magazine says Honda and Toyota still make the most problem-free cars and trucks, but Ford is closing in fast and General Motors has made big improvements in the past year. Get the full story »
Hyundai: We’re more American than Detroit
Vehicle springs, awaiting installation at the Hyundai plant in Montgomery, Ala. (Dave Martin/Bloomberg News)
By next year about 80 percent of the vehicles Korean automaker Hyundai sells in the United States will be built here, the CEO of the automaker’s U.S. arm told CNNMoney.
That percentage would likely put Hyundai at the top of the “Made in the USA“ rankings among all automakers operating in the U.S., including Ford, Chrysler and General Motors. Get the full story »
Ford, Chrysler, GM see September sales gains
Bloomberg News | General Motors Co., Ford Motor Co., Chrysler Group LLC and Nissan Motor Co. said U.S. sales rose in September as the industry recovers from its worst year in almost three decades.
Deliveries at GM, the largest U.S. automaker, climbed 11 percent from a year earlier to 173,155, the Detroit-based company said in a statement today. Ford, the second-largest, increased sales 41 percent to 160,873, the Dearborn, Michigan- based company said in a statement. Get the full story »
Chrysler fires 13 over report of beer drinking at lunch
Chrysler Group fired 13 workers at the same auto plant visited by President Barack Obama this summer after a local television station report showed some of them drinking on their lunch breaks.
Two other workers were also suspended for a month without pay, the automaker said.
Acting on a tip, a Detroit Fox News affiliate’s cameras and reporter captured workers from the Chrysler Jefferson North Assembly Plant guzzling beer and, in some cases, smoking what appeared to be hand-rolled cigarettes or other smoking material. Get the full story »
Sebring out as Chrysler shows dealers new car
The grille of the 2011 Chrysler 200, the replacement for the Sebring.
In his largest dealer meeting since taking the reins at Chrysler, Chief Executive Sergio Marchionne on Tuesday showed off 15 new or revamped cars and trucks, including a replacement for the poor-selling midsize Sebring.
The company unveiled the models, including updates of the Chrysler Town & Country and Jeep Patriot, at a closed-door meeting with 2,400 dealers who gathered in Orlando, Fla.
Marchionne, who is also the head of Fiat, prefers to keep new cars under wraps until close to launch. But Chrysler dealers have struggled as they waited new vehicles under its new management.
Get the full story »
Post clunkers funk hits August auto sales
Auto sales, once a bright spot in the economic recovery, grew fainter last month.
The pain was widespread. Big car companies General Motors, Ford and Toyota all saw sales slip. Smaller automakers like Subaru suffered too, as did companies that appeal to the budget minded, such as Kia and Hyundai. Get the full story »
Court OKs Visteon’s bankruptcy plan
Visteon Corp. received court approval Tuesday to exit bankruptcy, ending a 15-month fight among hedge funds, lenders and an industry giant for a piece of the revived auto-parts maker.
Visteon’s reorganization caps a two-year stretch in which dozens of U.S. automotive companies collapsed into bankruptcy. Chrysler, General Motors, Delphi Corp. and Lear Corp. used Chapter 11 to remove crushing debt, shed obligations and close underutilized factories. Get the full story »
Chrysler introduces dealers to Fiat
Chrysler on Monday told 400 dealers about its plans to bring the Fiat brand back to the U.S. after a 30-year absence, starting with the Fiat 500 minicar later this year.
Fiat-run Chrysler Group LLC hopes the tiny Italian car can boost its lackluster sales when it comes to the U.S. in December. Chrysler wants the bulb-shaped 500 to become a strong contender in the small-car market, where it has struggled for years. Get the full story »
1998-2004 Grand Cherokees probed for fire risk
Safety regulators have opened a preliminary investigation of about 3 million older Jeep Grand Cherokees with fuel tanks that may present a fire risk in a crash, the regulators’ website showed Tuesday.
The investigation was opened Monday by the National Highway Traffic Safety Administration. The action is short of a recall, and a Chrysler spokesman said owners of the 1993-2004 model year vehicles should take no action at this time. Get the full story »
