CHRYSLER TO INVEST $1 BILLION IN ST. LOUIS ASSEMBLY PLANTS
Chrysler Group Executive President- Manufacturing Frank Ewasyshyn speaks at a press conference announcing that Chrysler will spend up to $1 billion in its St. Louis North and South assembly plants in Fenton, Mo on December 12, 2005. The automaker will modernize and re-tool the plants which now make the Dodge Ram 1500 and 2500 Standard and Quad cab pickups and the Town and Country, Dodge Caravan and Grand Caravan minivans. (UPI Photo/Bill Greenblatt)
U.S. automaker Chrysler Group LLC is recalling more than 214,000 vehicles for a variety of problems, the largest affecting 119,497 vehicles.
Hyundai and Kia, which admitted inflating gas mileage claims, now have a huge recall on their hands.
Alan Mulally has acquired holdings worth $317 million in six years as Ford Motor Co. chief executive officer, U.S. analysts said.
When Toyota Chief Executive Officer Akio Toyoda predicted a comeback for the Japanese automaker last spring no one really doubted him.
General Motors is bailing out of its federal bailout. "Government Motors" was the derisive moniker critics gave GM in when it accepted $49.5 billion in taxpayer dollars to stay alive.
A rare 1903 Ford Model A that's one of the oldest surviving cars made by the company was purchased at auction by Bill Ford Jr.
U.S. lawmakers say they are at odds with the Obama administration over the General Motors Co. and Chrysler Group LLC dealership closings.
The White House said Wednesday it "strongly opposes" efforts to force General Motors Co. and Chrysler Group LLC to offer cast-off dealers more compensation.
The challenge for the new Chrysler Group LLC may be to build a profitable mid-size vehicle for U.S. consumers, an auto industry analyst said.
Chief Executive Officer of Chrysler Group LLC Sergio Marchionne told 4,000 employees in Detroit Thursday the new company would see quick changes.