Italian carmaker Fiat said moving the group’s legal headquarters to the United States is not on the agenda.
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.
US April auto sales slowed to their lowest monthly pace since last autumn as foreign automakers reported lackluster results, and sales to commercial customers slid.
Italian automaker Fiat is considering a plan to hold a public stock offering after the company buys 100 per cent of Chrysler, according to a person briefed on the matter.
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.
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.
Great Wall Motor said it had called off its collaboration with Chrysler, adding another setback to the United States carmaker over the past three months.
Chrysler's new chairman and chief executive Bob Nardelli said he planned to keep the carmaker's three brands but could cut some products as he led the company through a restructuring.
A YouTube posting showing Brilliance China's BS6 car crumple like a can in a German crash test in June was a public relations disaster for the mainland's car industry.
DaimlerChrysler will start making Dodge vehicles in Fujian as it seeks to widen its mainland business, it said without providing figures on production capacity.
US firm is the biggest target so far as mainland players look to overseas acquisitions
SAIC seen as having best chance to buy the struggling DaimlerChrysler unit
Three mainland carmakers have separately begun talks with DaimlerChrysler about potentially buying its...