House panel to probe auto dealer closings

House panel to probe auto dealer closings

WASHINGTON, July 20 (UPI) -- U.S. lawmakers say they are at odds with the Obama administration over the General Motors Co. and Chrysler Group LLC dealership closings.

White House opposes new dealer benefits

WASHINGTON, July 15 (UPI) -- 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.
Fiat's challenges become Chrysler's

Fiat's challenges become Chrysler's

AUBURN HILLS, Mich., June 24 (UPI) -- 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.
New Chrysler Group takes first steps

New Chrysler Group takes first steps

DETROIT, June 11 (UPI) -- Chief Executive Officer of Chrysler Group LLC Sergio Marchionne told 4,000 employees in Detroit Thursday the new company would see quick changes.

Chrysler chief expects sale to go through

DETROIT, July 25 (UPI) -- Chrysler's chief executive said he expects the $7.4 billion Chrysler Group sale to be completed by the third quarter despite financing problems.

Report: Chrysler sale set for next week

AUBURN HILLS, Mich., July 24 (UPI) -- DaimlerChrysler AG's sale of Chrysler Group to Cerberus Capital Management LP likely will take place in a week, a U.S. published report said Tuesday.

Daimler board approves Chrysler sale

STUTTGART, Germany, May 16 (UPI) -- DaimlerChrysler AG said Wednesday its board approved the sale of 80.1 percent of its Chrysler unit to U.S. private-equity firm Cerberus Capital Management LP.

Chrysler to be sold for $7.4B

STUTTGART, Germany, May 14 (UPI) -- DaimlerChrysler AG said Monday it would sell 80.1 percent of its troubled Chrysler Group to a U.S. private-equity firm for $7.4 billion.

Analyst: Magna interested in Chrysler

DETROIT, April 28 (UPI) -- There is growing support from organized labor for Magna International Inc. to buy a big stake in the Chrysler Group, a leading U.S. analyst says. The United Auto Workers has approached Magna with a plan for a concessions package, said Brett Hoselton of Ke

Chrysler to invest $1.78B in new plants

AUBURN HILLS, Mich., April 18 (UPI) -- DaimlerChrysler AG's Chrysler Group said Wednesday it would build a $730 million plant to make the U.S. automaker's next generation of V-6 engines. The Trenton, Mich., plant, near Detroit, will build the V-6 engines, code-named Phoenix, for Chrysler, Dodg

Magna confirms Chrysler interest

AURORA, Ontario, April 13 (UPI) -- Canadian auto-parts maker Magna International Inc. confirmed Friday it was involved in the potential sale of DaimlerChrysler AG's Chrysler Group.

Kerkorian woos autoworkers

DETROIT, April 7 (UPI) -- U.S. investor Kirk Kerkorian has differentiated his offer for Chrysler from competing bids by promising a "true partnership" between management and labor.

Daimler shareholders seek Chrysler sale

BERLIN, April 4 (UPI) -- DaimlerChrysler AG shareholders said in Germany Wednesday the automaker should sell its Chrysler Group division and focus on the Mercedes Car Group. The comments followed a speech by Chairman Dieter Zetsche confirming the company was in talks with "intere

Three ready to submit Chrysler Group bids

AUBURN HILLS, Mich., March 30 (UPI) -- Two U.S. private-equity firms and a Canadian auto supplier are close to bidding for DaimlerChrysler's troubled Chrysler Group, a published report said Friday.

Chrysler hopes to resolve sale quickly

NAPLES, Fla., March 21 (UPI) -- Chrysler Group Chief Executive Tom LaSorda told dealers in a Florida meeting Wednesday the decision to sell or not sell the company would be resolved soon.

Analyst: 2 firms top Chrysler contenders

AUBURN HILLS, Mich., March 13 (UPI) -- Two U.S. private-equity firms are the leading contenders to buy the Chrysler Group, a KeyBanc Capital Markets analyst report said Tuesday.

UAW head wants Daimler to retain Chrysler

DETROIT, March 13 (UPI) -- DaimlerChrysler AG should hold onto the struggling Chrysler Group, the United Auto Workers union president said Tuesday.

Equity firms said to study Chrysler

AUBURN HILLS, Mich., March 6 (UPI) -- A U.S. private-equity firm met with Chrysler Group executives to evaluate a possible bid for the troubled automaker, a published report said Tuesday.

Report: Daimler mulls Chrysler GM trade

AUBURN HILLS, Mich., Feb. 26 (UPI) -- Germany's DaimlerChrysler AG is considering trading its Chrysler Group to General Motors Corp. for a stake in GM, a published report said Monday.

Daimler said intent to unload Chrysler

AUBURN HILLS, Mich., Feb. 19 (UPI) -- Germany's DaimlerChrysler AG is preparing to sell or spin off its troubled U.S. Chrysler Group, two published reports said Monday.

Report: GM in talks to buy Chrysler

DETROIT, Feb. 16 (UPI) -- General Motors Corp. is negotiating to buy DaimlerChrysler's troubled U.S. Chrysler Group, a published report said Friday. The high-level talks are still preliminary, the trade publication Automotive News Europe reported, attributing its story to sources

Chrysler, GM may develop SUV together

DETROIT, Feb. 15 (UPI) -- DaimlerChrysler's U.S. Chrysler Group and General Motors Corp. are talking about jointly developing a sport utility vehicle, a published report said Thursday. The SUV, a large vehicle like the Chevrolet Suburban, is one of several joint projects the autom

Report: Chrysler to cut 1,000 more jobs

AUBURN HILLS, Mich., Feb. 9 (UPI) -- The Chrysler Group plans to cut 1,000 salaried jobs, mostly in Michigan, in its restructuring to be announced next week, a published report said Friday.

Report: Chrysler to cut 10,000 jobs

AUBURN HILLS, Mich., Feb. 5 (UPI) -- DaimlerChrysler AG plans to cut more than 10,000 Chrysler Group factory jobs and close at least two U.S. plants, a published report said Monday. The cuts, to be announced Feb. 14, are part of a broader plan to return Chrysler to profitability by transform

Chrysler chief LaSorda 'on hot seat'

DETROIT, Jan. 8 (UPI) -- Chrysler Group CEO Tom LaSorda says he is in a tight spot, needing to turn around an ailing automaker that lost an estimated $1.2 billion in 2006. "Yes, I'm on the hot seat -- no question about it," LaSorda told The Detroit News at the opening of the Nort
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