Chrysler

Chrysler is an American carmaker that has been majority-owned by Fiat, since 2009. First organised as Chrysler Corporation in 1925, its core brands are Chrysler, Jeep, Dodge, Ram, SRT, Fiat, and Mopar vehicles and products. Between 1998 and 2007 Chrysler was owned by Daimler, but the union was not successful, and in August 2007, DaimlerChrysler sold Chrysler Group to Cerberus Capital Management. Both Chrysler and its competitor, General Motors, needed government rescues during the global financial crisis, with only Ford managing to survive without government handouts. In June 2009, Chrysler emerged from its government backed Chapter 11 reorganisation as Chrysler Group, in alliance with Fiat, which initially held 20 per cent of Chrysler, but has subsequently increased its stake.

Antitrust body fines Volkswagen and Chrysler, denies targeting foreign firms

NDRC's Hubei branch fined carmaker FAW-Volkswagen 248.6 million yuan for manipulating prices at its Audi sales unit. Photo: Xinhua

The mainland's top antitrust authorities defended a recent crackdown on price-fixing at a rare joint press conference in Beijing yesterday, denying foreign firms were being unfairly targeted.

Friday, 12 September, 2014, 6:19am

Amid organisational plans and charts, never underestimate the importance of one man's leadership

Sergio Marchionne is not a traditional "car guy" and has been described patronisingly as "mercurial". Photo: Reuters

This is a tale that should warm the hearts of everyone who is sceptical about the ability of business schools to teach you the essentials of business or sufficiently naive to put a modicum of trust in company reports from investment analysts.

7 Jan 2014 - 11:44am

Fiat reaches US$4.35 billion deal to fully take over Chrysler

Fiat's plan to cut losses in Europe depends on its ability to deepen ties with Chrysler. Photo: Reuters

Italian carmaker Fiat struck a US$4.35 billion deal to gain full control of Chrysler, ending more than a year of tense talks that have obstructed chief executive Sergio Marchionne’s efforts to combine the two carmakers’ resources.

3 Jan 2014 - 1:39am

Chrysler IPO to bring shareholder battle to a head

Sergio Marchionne, head of both Chrysler and Fiat, said last week expects to file the regulatory documents necessary to take Chrysler public by the end of the month. Photo: Reuters

Chrysler plans to file documents this month that would allow its minority investor to sell shares in a stock market listing, a process that will slow Italian carmaker Fiat’s plans to take full control of the US automaker.

17 Sep 2013 - 10:51am

US auto sales accelerate to best pace since 2007

Total US auto sales have jumped to an adjusted, annual rate of 16.1 million, according to Autodata. Photo: AP

US auto sales accelerated to the best pace since October 2007 as major automakers posted double digit gains on Wednesday and forecast more growth in the months to come.

Total industry sales rose 17 per cent when compared with August last year while the sales pace jumped to an adjusted, annual rate of 16.1 million, according to Autodata.

5 Sep 2013 - 12:01pm

Fiat wins partial victory in bid to own all of Chrysler

Sergio Marchionne, chief executive of both Chrysler and Fiat. Photo: Reuters

Fiat won a partial victory on Tuesday in its path to a full buyout of Chrysler after a US judge accepted the Italian carmaker’s legal positions in two pivotal disputes with an autoworkers’ health-care trust that is a minority Chrysler shareholder.

31 Jul 2013 - 11:09am

Profit warning at thriving Chrysler hits parent Fiat

Workers at Fiat's Sevelsud plant in Atessa in central Italy. Fiat said on Tuesday it would freeze investments in new models until there is clarity over the impact of a court ruling that cast doubt on its labour relations. Photo: Reuters

Fiat’s US unit Chrysler, which generates most of the group’s net profit, cut its profit forecast as it struggled to fill orders due to parts shortages, hitting the Italian automaker’s shares.

Chrysler’s booming US sales have compensated for Fiat’s losses in Europe, where demand hit a 20-year low in the first half of the year.

31 Jul 2013 - 11:04am

Fiat halts new investments pending clarity on labour law

Since 2010, Fiat has rolled out investments at some Italian factories in exchange for concessions from labour unions for more flexible work conditions. Photo: Reuters

Fiat will put new investments on hold until it gets a clearer idea of the impact of a court ruling that a portion of Italy’s labour rules are unconstitutional, its chief executive, Sergio Marchionne, said on Tuesday.

10 Jul 2013 - 10:42am

Chrysler recalls 840,000 vehicles, mostly in U.S.

Chrysler has issued 12 separate recalls since early June involving about 4 million vehicles. Photo: Reuters

Chrysler said it will recall 840,000 vehicles in the United States and other countries, mostly for active-restraint head rests that are possibly flawed.

Five separate recalls include nearly 500,000 cars and SUVs for the active-restraint head rest issue, and another 282,000 minivans for possible malfunctioning air bags, Chrysler said.

4 Jul 2013 - 1:43pm

Trucks lift US auto sales to best month since 2007

Ford had its best sales in June since 2006, with sales of its best-selling F-150 pickup jumping 24 per cent. Photo: AFP

Sales of brawny pickup trucks fueled strong demand for new vehicles in the United States in June, driving the industry toward its strongest month since late 2007, before the financial crisis that drove General Motors and Chrysler into bankruptcy.

3 Jul 2013 - 1:31pm

Chrysler relents, to recall 2.7m Jeeps over fuel tanks

Chrysler’s recall of some Jeep models may cost US$300 million, according to a ‘conservative’ estimate from Munro & Associates. Photo: AFP

Chrysler said it would recall 2.7 million older Jeep models after initially fighting a recall request from US regulators in a dispute over crash protection for their fuel tanks.

The recall will affect Jeep Grand Cherokee SUVs from model years 1993 to 2004 and Jeep Liberty SUVs from 2002 to 2007.

19 Jun 2013 - 10:08am

Fiat raising US$10b for full move on Chrysler

Sergio Marchionne, Fiat and Chrysler chief executive

Fiat is in talks for as much as US$10 billion in financing from a pool of banks to buy the Chrysler stake it doesn't own and refinance the two firms' debt, people familiar with the matter said.

31 May 2013 - 4:41am

Romney blasts Obama in Ohio over auto industry bailout

Mitt Romney poses for the obligatory baby photo at a rally in Avon Lake, Ohio, as he steps up his attacks on Barack Obama. Photo: AFP

Mitt Romney has blasted Barack Obama over the US car industry bailout in a new campaign advert and blamed him for sending car companies into bankruptcy.

The attack is being seen as a sign of continued concern over the political impact of the Republican presidential candidate's opposition to the bailout.

31 Oct 2012 - 3:44am

Singer left in wheelchair after crash seeks damages

A former Canto-pop singer who escaped death in a car accident on the mainland but is now in a wheelchair and has brain damage is claiming damages from the driver.

20 Jul 2010 - 12:00am

Travellers' checks

Tickled pink

23 Aug 2009 - 12:00am

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