The state has fined the automaker $200,000 in an effort to improve worker safety and save lives.
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June 3rd, 2011
admin Italian automaker buys out US govt
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May 28th, 2011
admin A worker at the Chrysler Jefferson North Assembly Plant in Detroit is shown in this April 28, 2011 photo. This week the automaker announced it will retire its $5.9 billion balance on the U.S. loans …
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May 27th, 2011
admin The Italian automaker notified the Treasury Department that it intended to buy out the federal government’s stake in Chrysler, at a price yet to be determined.
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May 18th, 2011
admin On Thursday, the Auburn Hills automaker is expected to announce the terms of a $3.5-billion bond sale. Chrysler also is working to secure a $2.5-billion loan with a group of banks, and those funds, as well as a $1.27-billion investment promised by Fiat, will be used to pay off its remaining government debt.
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May 14th, 2011
admin Chrysler said it will shut down three plants in the U.S. earlier than normal for the summer because of a parts shortage caused by the March earthquake and tsunami in Japan. The Auburn Hills automaker said it is moving the down weeks from July to June for Warren Truck, Toledo Supplier Park and Toledo North.
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May 9th, 2011
admin AP – Italian automaker Fiat SpA could own more than 70 percent of Chrysler Group within a year once it repays its government loans and exercises other options, Chrysler said Monday in a filing with the U.S. Securities and Exchange Commission.
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