Chrysler News

News of Chrysler CEO Bob Nardelli's departure has been making the rounds recently, but now the resigning chief has shed some light on the matter. Unlike his former counterpart at General Motors, Nardelli insists that he was not asked by the Obama administration to step down from the helm at...

Bankruptcy is the word of the day for Chrysler, but 'merger' will soon be replacing it. The whole bankruptcy process is being pushed forward quickly to eliminate the remaining obstacles between Chrysler's viability and the Fiat merger. President Obama's speech today reflected this path, confirming...

The White House has announced Chrysler's entry into bankruptcy protection today, with talks between the Treasury Department and the carmaker failing to reach an agreement on the last day before the auto industry task force’s restructuring deadline. No further talks are planned but President...

It’s official. Chrysler and the UAW have come to an agreement, with members of the nationwide union group ratifying an earlier proposed agreement by a strong majority. According to UAW president Ron Gettelfinger, the union realizes that the contract concessions that have just been ratified...

It’s official. Chrysler and the UAW have come to an agreement, with members of the nationwide union group ratifying an earlier proposed agreement by a strong majority. According to UAW president Ron Gettelfinger, the union realizes that the contract concessions that have just been ratified...

In a hugely positive step for Chrysler, the carmaker announced on Monday that it had reached a deal with the Canadian Auto Workers (CAW) union, while also agreeing to revised labor terms with the United Auto Workers (UAW) union. With just a few days left before the April 30 deadline for...

Last October Daimler was forced to write-down the value of its remaining 19.9% stake in Chrysler to zero, yet up until now the German auto giant was still trying to sell the shares. Daimler has announced today that is has reached an agreement to unload its remaining stake in Chrysler, while also...

As the April 30 deadline for Chrysler to restructure its business looms closer, the Treasury department has begun to prepare a bankruptcy filing for the struggling carmaker. The news highlights the severity of Chrysler's situation should it fail to enact a deal with Italian auto giant Fiat, but the...

Chrysler may be on the brink of bankruptcy but that hasn't stopped the company from trying to claw its way back into the now burgeoning electric market - with the help of the U.S. Postal Service. This week the company showed off four all-electric Chrysler Town & Country minivan concepts, which it...

Chrysler's race to turn its debts into equity took a major turn for the better today, with an offer from a group of banks and hedge funds that hold almost $7 billion in debt. The group is proposing to exchange around $2.5 billion of Chrysler's debt, but only in exchange for close to 40% of the...

At the end of March the President's task force on the auto industry put a 30-day window on Chrysler and Fiat reaching an alliance agreement. Just hours later Chrysler announced the two companies had signed off on the deal. That turned out to be premature, as there remains a strong chance that Fiat...

Mopar, Chrysler's affiliated tuning and accessories arm, has a special group within its ranks called Mopar Underground - late last year we reported on one of the division’s more memorable projects, a V10-powered Dodge Challenger. Now, Mopar Underground has brought us some new concepts, this...

Chrysler on Wednesday unveiled a brand new V6 engine called Pentastar that the carmaker plans to launch in its redesigned Jeep Grand Cherokee due next year and eventually most of its lineup. This new engine is very important for Chrysler as it has already absorbed billions of dollars in development...

Brand new versions of both the Chrysler 300 and Jeep Grand Cherokee are coming in the next couple of years, kicking off a product renaissance at Chrysler that will include the launch of 24 new or updated models over the next 48 months. The company used this week’s New York Auto Show to...

At the end of March the President's task force on the industry put a 30-day window on Chrysler and Fiat reaching an alliance agreement. Just hours later Chrysler announced the two companies had signed off on the deal. That turned out to be premature, but the deal is still being developed, with new...

Canada has followed the lead of the U.S. and rejected the respective viability plans of General Motors and Chrysler, claiming the plans do not go far enough in their current form. This means the carmakers may miss out on the initial $3.2 billion in loans pledged in December, though a small portion...

The Obama administration auto industry task force has rejected viability plans for General Motors and Chrysler and threatened that both may be forced into bankruptcy unless further sacrifices are made. The task force has consistently stated that its goal is to solve the industry's problems rather...

To mark the introduction of its five-speed automatic in the base Challenger SE, Dodge has unveiled a brand new special edition ‘Rallye’ model that is set to go on sale next month. By pairing the five-speed auto, which is normally found in HEMI-powered V8 Challengers, with the SE’s...

The Dodge Challenger was one of the most widely anticipated cars of the recent past but while the HEMI-powered V8 models stole most of the thunder, it remains a fact that a large portion of sales is for the entry-level V6 model. Sadly, the base Dodge Challenger SE is a little anaemic when it comes...

No one really knows what to make of the auto market right now, least of all the industry itself. Fiat is forecasting blue skies, GM is on the brink of failing to meet a restructuring deadline, and Ford is still chartering private jets - but President Obama and the task force on the industry are...