Chrysler sues Daimler, accuses breach of contract over delivery of crucial 2010 vehicle partsAugust 26th, 2009 Chrysler sues Daimler over key 2010 vehicle partsNEW YORK — Chrysler Group LLC has sued Daimler AG, accusing the German automaker of failing to abide by contracts requiring it to supply crucial parts and putting the production of key 2010 Chrysler vehicles in jeopardy. The Auburn Hills, Mich.-based company said without the Daimler-supplied steering columns and torque converters it will be unable to produce several 2010 model-year vehicles, including the Chrysler 300 and the Jeep Grand Cherokee SUV.
GM and Chrysler may become bankruptcy lenders to auto parts supplier VisteonJuly 16th, 2009 GM, Chrysler among possible lenders to VisteonDOVER, Del. — Fresh from bankruptcy reorganization themselves, General Motors and Chrysler Group LLC now may become bankruptcy lenders to auto parts supplier Visteon Corp.
GM has emerged from bankruptcy after signing paperwork to transfer assetsJuly 10th, 2009 GM emerges from bankruptcyDETROIT — General Motors Corp. CEO Fritz Henderson says the new GM will be far faster and more responsive to customers than the old one.
Cummins renegotiating deal to make light-duty diesel engines for ChryslerJune 19th, 2009 Cummins renegotiating new deal with ChryslerINDIANAPOLIS — Cummins is renegotiating a contract to make light-duty diesel engines for Chrysler. Chrysler had canceled the contract as part of its bankruptcy proceedings.
General Motors CEO Henderson says automaker will be leaner, quicker after bankruptcy courtJune 1st, 2009 GM CEO says reinvented company will be lean, quickNEW YORK — General Motors CEO Fritz Henderson says the new GM will be a leaner and quicker company that's more focused on its customers and its products. Henderson spoke Monday at a news conference in New York after the fallen icon of American industry filed for bankruptcy protection.
Senate committee to hear from GM, Chrysler executives on dealer closingsJune 1st, 2009 GM, Chrysler executives to face Congress WednesdayWASHINGTON — Top executives from General Motors and Chrysler will appear before a Senate committee Wednesday to address concerns about hundreds of dealership closings as the two automakers work through government-led bankruptcies. GM CEO Fritz Henderson and Chrysler President Jim Press will appear before the Senate Commerce Committee chaired by Democratic Sen.
Obama: Chrysler-Fiat deal gives US company 'new lease on life'June 1st, 2009 Obama applauds Chrysler-Fiat dealWASHINGTON — President Barack Obama says a court's decision to approve the sale of Chrysler's assets has given the automaker "a new lease on life."
A judge approved the sale of most of Chrysler's assets to Italy's Fiat on Sunday. In a statement, the president said the deal will allow Chrysler to "successfully emerge from bankruptcy as a new, stronger, more competitive company for the future."
Chrysler filed for bankruptcy in April.
GM makes huge dealer cuts, follows move by ChryslerMay 15th, 2009 WASHINGTON - General Motors Corp, the US auto giant nearing bankruptcy, Friday announced massive cuts in its dealership network as part of a drastic effort to cut costs and survive the global recession. GM, the largest US carmaker, has informed 1,100 of its nearly 6,000 dealers that their contracts would not be renewed.
Judge approves agreement to make GMAC preferred lender for Chrysler dealers and customersMay 12th, 2009 Judge OKs deal to make GMAC top Chrysler lenderNEW YORK — A bankruptcy judge says GMAC can become Chrysler's preferred lender. Pending the completion of certain documentation, U.S.
AP Interview: CEO says GM can still avoid bankruptcy despite daunting restructuring listMay 4th, 2009 AP Interview: GM CEO says bankruptcy avoidableDETROIT — With just a month left to check off an almost insurmountable list of restructuring moves, General Motors Corp.'s new CEO says it's still possible that the company can finish everything and avoid following Chrysler into bankruptcy. But don't think Fritz Henderson, who took over the troubled automaker when Rick Wagoner was ousted by the Obama administration, is ignoring what's going on with Chrysler LLC in front of a U.S.
Chrysler's president and vice chairman LaSorda leaves Chrysler effective immediatelyMay 2nd, 2009 Chrysler president LaSorda to retire immediatelyAUBURN HILLS, Mich. — Chrysler says its president and vice chairman, Tom LaSorda, is leaving the automaker immediately.
Chrysler plans to temporarily shutdown most plants until Fiat deal closesApril 30th, 2009 Chrysler to idle plants until Fiat deal doneNEW YORK — Chrysler says it will temporarily stop most of its vehicle production until its deal with Italy's Fiat is complete. The shutdown is effective Monday and could last up to two months.
Chrysler forced to close plants early as some suppliers stop shipping partsApril 30th, 2009 Some Chrysler parts suppliers stop shippingDETROIT — Chrysler says it has sent workers home from at least two factories because parts suppliers have stopped shipping due to its bankruptcy filing. Vice Chairman and President Tom LaSorda said in a conference call Thursday that workers were sent home from stamping and assembly factories in the Detroit suburb of Warren.
Chrysler CEO says management is working to get more aid, save company and its jobsApril 27th, 2009 CEO says he's working to save Chrysler and jobsDETROIT — Chrysler Chief Executive Robert Nardelli is telling employees that management is doing all it can to get more government aid and save their jobs. Nardelli says in an e-mail Monday that management's No.
Canadian Auto Workers union says it's hopeful a deal with Chrysler CanadaApril 24th, 2009 Canadian union says deal near with ChryslerTORONTO — The Canadian Auto Workers union says it is close to agreement on a deal with Chrysler Canada. CAW spokeswoman Shannon Devine says she is hopeful a deal will be reached late Friday afternoon.
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