Chrysler is recalling nearly 300,000 minivans.
An initial public offering of shares in Chrysler Group LLC is unlikely in 2012, Sergio Marchionne, the chief executive of both Chrysler and its controlling shareholder Fiat SpA , said on Wednesday.
Sergio Marchionne, the chief executive of both Chrysler and its controlling shareholder Fiat SpA , said he hoped to stay on through 2015 and would groom a successor from within the company's ranks.
U.S. automakers reported higher sales for the month of July, but the ongoing weak economic environment doesn't bode well for the sector.
U.S. and European automakers better watch their rear-view mirrors as competition from Chinese rivals will result in a day of reckoning down the road, the head of Fiat SpA and Chrysler Group LLC said on Wednesday.
Several major auto makers on Friday embraced the Obama administration's proposal to push the industry further away from once-dominant gas guzzlers to more lean and efficient vehicles.
Concern over Fiat SpA's ballooning debt dragged its stock lower on Tuesday as the Italian carmaker moved a step closer toward a full merger with Chrysler Group LLC by outlining plans for a single management team.
Ford's near-term success is riding on getting a new UAW contract that controls labor costs for the next four years. If Ford is successful, the company's costs paid for debt will improve with a credit rating upgrade.
Chrysler Group LLC, controlled by Fiat SpA , reported a second-quarter net loss on Tuesday after the U.S. automaker repaid $7.6 billion in loans to the U.S. and Canadian governments.
Strong U.S. sales for Chrysler and growth in Brazil will help offset a weak European market for Fiat SpA, combined financial results are set to show on Tuesday as the two car makers move closer toward a full merger.
The UAW has started contract talks with Chrysler. The labor union says it wants some previous concessions back. But management at Detroit's Big Three wants to avoid costly mistakes of the past. The companies want to reduce labor costs rather than give wage increases.
Chrysler Group LLC and the United Auto Workers union expect to reach a deal on a new labor contract without resorting to arbitration, officials for the company and union said on Monday.
Chrysler Group LLC and the United Auto Workers union expect to reach a deal on a new labor contract without resorting to arbitration, officials for the company and union said on Monday.
Chrysler Group LLC and the United Auto Workers union expect to reach a deal on a new labor contract without resorting to arbitration, officials for the company and union said on Monday.
Strong U.S. sales for Chrysler and growth in Brazil will help offset a weak European car market for Fiat SpA , which is tightening its grip on the U.S. automaker.
The U.S. and Canadian governments exited their investments in Chrysler Group LLC on Thursday, making Fiat SpA the majority stakeholder in the U.S. automaker.
Car makers are hiring more workers and growing faster than the rest of the U.S. economy, outpacing industries that include health care and airplane manufacturing
Over the past two years, Ford Motor Co has roared back from the brink of failure, won accolades for its gains in quality, posted its highest profits in a decade and rewarded patient investors with a 14-fold increase in its share price.
General Motors Co and Ford Motor Co both reported weaker-than-expected U.S. sales gains in June as they again dialed back deals for car buyers despite the shaky economy.
Ford Motor Company posted strong sales results for June, up 10 percent from the same month one year ago. General Motors also showed a June sales increase, but its numbers were below analyst expectations.
General Motors sales increased more than 10 percent in June, but the results reported today are lower than analyst expectations.
Trouble with new technologies including a clunky control system for its radios pounded Ford Motor Co's ranking in a closely watched quality ranking, just a year after the U.S. brand led its mass-market rivals.
