Chrysler News

Bankruptcy for one or more major carmakers as a solution to the current automotive downturn has been widely reviled as the worst possible alternative for the carmakers themselves and the industry, and economy, in general. But now the White House has revealed that a structured bankruptcy for General...

As Chrysler teeters on the brink of total shutdown, and rumors of a merger with General Motors fly about, Ford is adhering closely to its plan to 'rightsize' its operations, chopping production at 10 plants in North America. The closures, which start January 5, will only last a week as part of the...

Chrysler has announced that it will be shutting down its factories for an entire month, with production being halted from this Friday, December 19 until January 19 of next year. Chrysler's poor financial performance and a weak automotive market were the two major reasons cited for the extended...

We've all heard the argument for why someone drives that big SUV instead of a fuel-sipping mini-car on their epic two-hour commute: crash safety. And while there's a good bit of sense to that point, at least from the SUV driver's perspective, small cars are improving their safety marks according to...

The U.S. Senate rejected an emergency bill to provide billions of dollars of aid to the Detroit 3 carmakers late on Thursday, dashing the hopes of General Motors and Chrysler, both of which may run out of cash by the end of the year. "We have not been able to get this over the finish line," Senate...

The Dodge Challenger SRT8 has been a welcome arrival for many muscle-car fans. Willing to overlook its hefty weight for the old-school looks and meaty Hemi power, they've already purchased just about every car scheduled to be made for the next year. But Hurst wasn't content to leave the Challenger...

If you listen to the CEOs and PR spin-doctors, bankruptcy has never been an option for America's carmakers, despite behind-the-scenes talk of 'Plan B' scenarios. It turns out that such aversion to bankruptcy isn't just head-in-the-sand reactionary behavior. If General Motors and Chrysler were to...

The deal between Chrysler and Chery to build small cars for the North American market has been anything but smooth sailing, with numerous delays and obstacles causing both companies to have almost walked away from the deal previously. Now, Chrysler has formerly announced that both it and Chery have...

A decision on the U.S. government's loan package is expected to come from Congress sometime today, but already carmakers are approaching the Canadian government, seeking more aid. The $6.8 billion sought from Canada would still fall short of the $25 billion originally asked for from Congress, even...

The U.S. Congressional hearings on Capitol Hill are still underway, and thus far no definitive result has been reached. Chrysler CEO Bob Nardelli has at times appeared apologetic and even regretful, but always concerned with securing additional funding for the company. The near-desperation...

The great-grandson of the founder of Chrysler has publicly declared his support for the company, attending a rally in Baltimore to help the carmaker campaign for a federal bailout package. Frank Rhodes, great-grandson of Walter Chrysler and furniture maker, stated that he wants to "see them...

Previously we reported that GM CEO Rick Wagoner would be driving a Malibu hybrid to Washington for this week's auto industry bailout hearings, however it has come to light that he will actually be driving the company's much anticipated Chevrolet Volt plug-in hybrid. Wagoner will be driving a...

Just as Detroit compatriots General Motors and Ford are revealing their strategies for future viability - and need for funding in the meantime - Chrysler has come out with its plan for the future, both near-term and long-term. An immediate need for $7 billion in emergency loans before the end of...

The Chevrolet Volt captured the mind of the public and the press when it was revealed during the company's 100th anniversary celebrations in September, though even then it was suspected that trouble was brewing for the company. Last month's announcement of an impending cash shortage and this...

Chrysler may be struggling financially but its product development chief Frank Klegon has assured reporters that the Auburn Hills carmaker will be coming out with new models over the next few years. Klegon confirmed that projects were still in the pipeline for 2010, 2011, 2012 and 2013, but...

Cerberus Capital Management has accused Daimler AG of misleading them about the true value of Chrysler before selling the American private equity group a majority holding in the Auburn Hills carmaker. At this point in time, Cerberus owns 80.1% of Chrysler and Daimler owns the remaining 19.9%, and...

Barack Obama has backed Congress' decision to delay a decision on additional auto industry loans, urging the carmakers to have a clear plan when they return to Capitol Hill in December, and the carmakers are already reportedly planning to show up in dramatic style, forming a caravan of Detroit's...

Speaking at the Los Angeles Auto Show today, the boss of Renault-Nissan Carlos Ghosn has reaffirmed his company’s need for a “full North American partner” and pledged support for more federal aid for the Detroit 3 as a way to fuel growth in the industry. While Renault-Nissan is...

Chrysler demonstrated that it won’t be left behind in the technology stakes with the unveiling of three near-production prototype electric vehicles earlier this year, one of which was a high-performance sports car. The carmaker has now given a preview of the capabilities of its future...

Late last week we reported on news that Hyundai was in talks with Chrysler to potentially acquire the Jeep brand, and other assets from the Auburn Hills carmaker. Now, Reuters is reporting that the South Korean manufacturer has denied any interest in Chrysler's assets due to the fact that its own...