Italian automaker Fiat SpA said Tuesday it will exercise an option to buy another 3.3% of Chrysler Group, raising its stake in the U.S. company to 61.8%.
More than five million Jeep vehicles are being investigated by the federal government for deadly fuel-tank fires caused by rear-impact collisions.
Chrysler Group is recalling about 68,000 Jeep Wranglers in the U.S. for a problem that has lead to fires in some cases.
Chrysler Group is working through the summer -- forgoing its seasonal maintenance shutdown -- in order to keep up with booming demand, the automaker said on Wednesday.
Chrysler Group reported its best quarter in more than 13 years, driven by strong sales that were another sign of the automaker's progress since its 2009 bailout and bankruptcy reorganization.
They aren't selling like iPads or Hunger Games tickets, but global auto sales are enjoying a nice run. They have grown 18% since 2005 to more than 75 million cars and trucks, and Bank of America Merrill Lynch is expecting the industry to tack on another 3.9% increase this year.
Chrysler Group has announced a new certified used car program under which the automaker will guarantee cars built by any manufacturer.
General Motors and Chrysler Group are about to start selling full-size pickups that can seamlessly switch back and forth between natural gas and gasoline.
General Motors reported a record annual profit Thursday, just two years after the nation's largest automaker emerged from bankruptcy with the help of a federal bailout.
Moments after the energetic Madonna entertained fans during the halftime show at Sunday's Super Bowl, millions of television viewers got an emotional jolt back into reality.
Chrysler Group reported its first annual profit since 2005 Wednesday, capping a comeback a little more than two years after a federal bailout, a bankruptcy filing and a takeover by Italian automaker Fiat.
The average vehicle on America's roads is almost 11 years old, according to the auto market analysts at Polk.
Chrysler Group unveiled its much-needed new small car, the Dodge Dart small car at the Detroit auto show Monday. The car is expected to go on sale later this year at prices starting at about $16,000. Official fuel economy estimates aren't available, yet.
Sergio Marchionne, CEO of both Fiat and Chrysler Group, said that while he's pleased with the re-launch of the Fiat brand in North America last year, he was "incredibly naive" to think he'd sell 50,000 of the tiny cars in the U.S. in 2011.
As the 2012 Detroit Auto Show approaches, the American auto industry looks to be stronger than it has in many years.
While the rest of the automotive world was wrestling this week with the question of who would succeed Alan Mulally as Ford CEO, Fiat-Chrysler CEO Sergio Marchionne slipped into New York City to accept an award from a group promoting international business -- and made some news of his own.
Chrysler Group is tapping its history, resurrecting the Dodge Dart name for a new small car being unveiled at next month's Detroit Auto Show.
American car buyers were out in force in November, with U.S. automakers leading the way to the best month for auto sales since 2009's "Cash for Clunkers" program.
In Wednesday night's Republican presidential debate in Rochester, Michigan, former Massachusetts Gov. Mitt Romney said the federal government played too much of a role in saving automakers General Motors and Chrysler.
Most major automakers reported sales gains in October, although the increases were a bit softer than hoped for ahead of Tuesday's sales reports.
Ford Motor Co., long the standard bearer for quality among Detroit automakers, slipped in Consumer Reports' most recent quality survey, apparently undone by a string of challenging new vehicle launches and the introduction of increasingly complex new technologies.
Chrysler Group and the United Auto Workers union have reached a tentative deal on a new labor contract that the union says will create 2,100 new jobs.
Major U.S. automakers posted sales increases in September, in some cases even better than analysts had predicted. Some of the biggest gains came from SUVs and compact cars as buyers who had been putting off purchasing a new vehicle finally re-entered the market.
If getting attention is the mark of successful advertising, then Fiat-Chrysler's chief marketing officer Olivier Francois is a genius.
Chrysler Group and the United Auto Workers union agreed to another contract extension Wednesday night after an additional week of talks failed to produce an agreement on a new labor pact.
Chrysler Group and the United Auto Workers have agreed to extend the current national labor contract through October 19, according to a statement released Wednesday night by Chrysler's communications office.
The United Auto Workers union and the nation's major automakers failed to reach a deal on a new contract on deadline, although workers remain on the job Thursday while negotiations continue.
The United Auto Workers union and the Big Three automakers are at the bargaining table this week, trying to write the final chapter in Detroit's turnaround.
The same Detroit factory workers who today are building Jeep Grand Cherokees and Dodge Durangos should soon also be assembling a new SUV for Maserati that will have an engine produced by Ferrari.
Chrysler Group is recalling almost 300,000 model year 2008 minivans for a problem that could cause airbags to deploy unnecessarily.
U.S. automaker sales rose in July with Chrysler Group posting an especially strong, and unexpected, gain.
Ford and Chrysler sold more cars over the last three months, but the bottom line results at both automakers were limited by costs.
U.S. taxpayers likely lost $1.3 billion in the government bailout of Chrysler, the Treasury Department announced Thursday.
Chrysler Group is recalling 242,780 Dodge Ram trucks for a potential steering problem. Part of the trucks' steering linkage could break during low-speed maneuvers causing a loss of steering control to the left front wheel.
Chrysler Group has vastly improved its product line-up since exiting bankruptcy two years ago, according to Consumer Reports magazine, but there are still some major weak spots.
The U.S. Treasury said it has agreed to sell its last remaining stake of Chrysler Group LLC to the Italian automaker Fiat, wrapping up the 2009 bailout.
Chrysler Group sales bucked an industry slide last month as the automaker's redesigned models contributed to a 10% increase compared to last year.
Fiat will buy the remaining shares of Chrysler Group stock now held by the U.S. government, wrapping up the automaker's 2009 bailout, a Treasury Department official confirmed Friday.
Fiat might soon buy the remaining shares of Chrysler Group stock now held by the U.S. and Canadian governments, closing the book on the 2009 bailout with Treasury still likely to be short by more than $1 billion.
Chrysler finally has new cars that people want to buy.
The Detroit Three have been outperforming expectations so far this year, but none more than Chrysler. Left for dead by the side of the road two years ago and nearly liquidated in bankruptcy, it is staging a Phoenix-like recovery despite having the skimpiest of resources.
Chrysler Group on Monday reported its first quarterly profit since 2006, marking an important milestone in the turnaround in the U.S. auto industry.
Chrysler Group said Thursday it plans to repay the high-interest loans it owes the U.S. and Canadian governments by borrowing money from the private sector.
Henry Ford once said, "Any customer can have a car painted any color that he wants so long as it is black."
Chrysler Group is recalling almost 250,000 model year 2010 minivans and crossover SUVs because of a problem that can lead to sudden engine stalling.
It has been quite a month for Fiat-Chrysler CEO Sergio Marchionne, and it isn't over yet.
The nation's automakers posted double-digit percentage sales gains for January on Tuesday, as Americans appear to be returning to showrooms after a long hiatus.
Chrysler Group forecast it would return to profitability in 2011 after posting another net loss in the fourth quarter.
Chrysler Group is working on a new hybrid minivan that doesn't use batteries or electric motors to drive it, the automaker announced with the Environmental Protection Agency on Wednesday.
Autoworkers at General Motors and Ford Motor are about to get large profit-sharing checks that could shape the future of the auto industry. The management at those companies, as well as at Chrysler Group, wants the labor contracts due to be negotiated this fall to include bonuses tied to profits, vehicle quality and other performance measures, rather than straight wage increases. "I want to make sure we're paying our employees not for effort, but results and performance," said Mark Reuss, president of GM's North American unit, at the Detroit Auto Show here this week. "When we perform and we have good results, then every employee in this company ought to know that we're going to do good things for them on a pay basis."
Maserati will get its own SUV model next year, built on the platform of Jeep Grand Cherokee at the Chrysler Group plant in Detroit, the companies announced Tuesday.
Most automakers ended a challenging 2010 with a strong sales month, raising hopes that the industry could be carrying some momentum into the new year.
Ford Motor Co. is recalling 19,600 2011 model year trucks and crossover SUVs over concerns that an electrical short could cause a fire, the manufacturer said Thursday.
Chrysler Group LLC reported a narrower quarterly loss Monday and revised its guidance to a rosier forecast for all of 2010.
Automakers continued to spin their wheels during September, with sales struggling to match the modest levels posted the month before.
The nation's top automakers reported disappointing sales Wednesday, resulting in the worst August for industrywide auto sales in 27 years.
At first glance Fiat-Chrysler CEO Sergio Marchionne could pass for a humanities teacher at a small liberal arts college. He wears his black hair on the shaggy side, affects a casual and unchanging wardrobe (blue checked shirt and black sweater), and maintains an attachment to cigarettes (Marlboros in the U.S., Murattis in Italy). He conducts conversations like graduate seminars and seasons his comments with historical references. In a recent speech he quoted Karl Marx, Albert Einstein, Friedrich Nietzsche, and Ronald Reagan.
Chrysler, the U.S.-based automaker partnered with Fiat following its bankruptcy filing, announced Monday that it continued to lose money in the most recent quarter, but added that it expects to raise guidance for 2010.
The auto industry reported its best month since Cash for Clunkers brought a flood of buyers out a year ago, but the sales still showed consumers reluctant to buy new vehicles.
Most major automakers reported U.S. sales strongly up from a year ago, but weaker than both May's sales levels and industry forecasts.
Chrysler Group is recalling about 365,000 Jeep Wranglers worldwide, about 290,000 of those in the United States, because they could develop brake fluid leaks.
Chrysler Group is recalling about 285,000 model year 2008 and 2009 Dodge Caravan and Chrysler Town & Country cars in the U.S. because of possible fire hazards.
Chrysler Group is recalling about 25,000 model year 2007 Dodge Caliber and Jeep Compass cars in the U.S. because of a problem that causes the gas pedals to stick.
Major automakers all reported large gains in May sales, with industry totals helped greatly by a spike in sales to business customers rather than to individual consumers.
One Chrysler dealership has taken the Detroit giant to the mat and won. But right now, the record doesn't look good for terminated franchises: Of the four Chrysler dealerships that have completed their arbitration proceedings, three lost.
Major automakers posted double-digit gains in U.S. sales in April compared to the battered sales of a year ago, but the overall pace of sales fell short of March results.
The National Highway Traffic Safety Administration is investigating sticking gas pedals on about 10,000 Dodge Caliber compact cars.
In the next few years, we'll be seeing more Italian cars on American roads as Fiat and Alfa Romeo return to the states after a nearly two decade absence.
How many CEOs do you know who make public their five-year projections, complete with dates and numbers?
Fiat-Chrysler CEO Sergio Marchionne has shown himself capable of something few other Chrysler CEOs have been able to do: He got Chrysler to turn a profit.
Chrysler Group LLC said Wednesday that it posted its first quarterly operating profit since being acquired by the Italian automaker Fiat as part of its emergence from bankruptcy last year.
Chrysler announced Tuesday it has entered a three year agreement with NASA to share information on technology the automaker and space program have in common.
U.S. auto sales rebounded 24% in March with virtually every automaker posting double-digit gains in sales. But the industry is not in as strong shape as those surges in sales would suggest.
The head of Toyota Motor's U.S. operations said that the company is making good progress repairing recalled vehicles, but that fixing the damage done to the automaker's image will be a tougher process.
Chrysler Group will offer to reinstate 50 of the 789 dealers terminated last year as part of the automaker's bankruptcy, the company said Friday.
Chrysler Group announced Monday that it plans to produce a purely electric version of the iconic Fiat 500 minicar.
The 661 axed auto dealers General Motors is offering to reinstate aren't ready to pop the champagne just yet. They're still waiting to find out about the terms they'll have to meet to regain their franchises.
The car company that is off to the worst start of 2010 isn't Toyota. It's Chrysler Group.
Furious Fuchsia, a pair of words not often seen together, is the name of a new special edition Dodge Challenger muscle car.
Chrysler Group is recalling about 24,000 late-model Chrysler, Dodge and Jeep vehicles to fix a defective part that could cause sudden, unexpected brake failure.
If you're a struggling carmaker looking to make a splash and create controversy, unveiling a new vehicle called "the Detonator" at the Detroit Auto Show may sound like a good idea. If you do it two weeks after an attempted terror attack aimed at the very city where you're doing the unveiling, you may think twice.
General Motors Chairman and CEO Ed Whitacre promised Monday that taxpayers will make a profit on the $50 billion that Treasury has sunk into the company over the past 13 months.
Chrysler Group's Dodge Ram Heavy Duty won Motor Trend magazine's coveted "Truck of the Year" award in a unanimous vote, the magazine announced Thursday.
The auto industry has been battered by a never-ending storm of bad news for more than a year, but the last few weeks have been a happy change.
Chrysler Group broke even in September and ended its first post-bankruptcy quarter with more cash on hand than it had at the beginning of the period, the company's new boss said Wednesday.
Fiat Group will soon unveil its plans to help get the struggling Chrysler Group back on track. But the question that won't be answered is whether these changes will come in time to save the company.
On Wednesday, Fiat-Chrysler CEO Sergio Marchionne will go before the media to reveal his plans for America's number-three automaker.
Days before unveiling its latest recovery plan, Chrysler Group has extended a buyout program to 23,000 U.S. workers in an effort to further trim its workforce.
Chrysler Group has split its Dodge brand into an auto and a Ram truck unit, and said two recently appointed brand-level chief executives are leaving the company. "The brand-focused strategy has been refined further with the unbundling of the Dodge brand which now consists of the Dodge Ram brand and the Dodge car brand organizations," Chrysler Group CEO Sergio Marchionne said in statement Monday. "This reorganization will allow us to protect and develop the unique nature of the product offerings within the Dodge Brand."
Three months after coming through a federally-financed bankruptcy, the new Chrysler Group still faces serious trouble with no quick solution in sight.
Chrysler took its first steps with Italy's Fiat, signing a deal and unveiling the new leadership in charge of bringing the company out of bankruptcy and into the future.
The situation at recently rescued Chrysler Group is even more dire than first thought, the CEO of Italy's Fiat -- which came to the aid of the U.S. automaker -- said last week.
A top executive for Chrysler Group, the carmaker that recently went through a government-sponsored bankruptcy, is having more than $1.4 milliion of his own financial headaches.
The situation at recently rescued Chrysler Group is even more dire than first thought, the CEO of Italy's Fiat -- which came to the aid of the U.S. automaker -- said Wednesday.
A Chrysler Group executive, testifying before a congressional committee hearing on Chrysler and General Motors' auto dealership cuts, warned that being forced to reinstate dealers could force Chrysler out of business.
Dealers who have been muscled out at Chrysler Group and General Motors are trying to get Congress to force the automakers to take them back.
Chrysler Group LLC has reversed course and decided not to sell off its V-10 powered Dodge Viper sports car business. The car will remain in production after this year, the automaker announced Friday.
Chrysler will soon be making cars again.
As Chrysler morphs into a new company and as General Motors moves ahead with its bankruptcy process, injured plaintiffs are getting left behind.
In the auto business, timing really is everything.
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