Posts Tagged ‘Chrysler’


State fines Chrysler over safety violations

The state has fined the automaker $200,000 in an effort to improve worker safety and save lives.

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Chrysler pushes IPO back to 2012

Automaker needs longer track record

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Fiat takes majority stake in Chrysler

Italian automaker buys out US govt

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Biden hails resurgent U.S. auto industry

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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Wheels: Fiat Plans to Buy Treasury’s Stake in Chrysler

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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Chrysler expected to repay government loans Tuesday

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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Chrysler not speeding plans for new cars

Chrysler does not intend to speed up plans for new cars despite media reports that investors see a high degree of risk in an automaker that has been so dependent on truck sales.

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Chrysler to idle 3 plants earlier

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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Fiat could own 70 pct of Chrysler within the year (AP)

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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Chrysler in ‘no rush’ to go public, its CEO says

By Chrysler Group LLC is in no rush to go public, Chief Executive Sergio Marchionne said Wednesday, adding that the U.S. automaker “technically” does not need to raise equity.

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