Chrysler took its first steps with Italy's Fiat Wednesday, signing a deal and unveiling the new leadership in charge of bringing the company out of bankruptcy and into the future.
Wednesday is judgment day for Chrysler and hundreds of auto dealers, when their fate could be decided in bankruptcy court, but some experts think it's already a done deal.
The United Auto Workers union and General Motors have at least temporarily tabled talks about creating a multibillion-dollar union-controlled trust fund to assume responsibility for retiree health care obligations, according to published reports.
updated: Tue Sep 18 2007 08:39:00
CNN's Maggie Lake test-drives the European Smart car that debuts next year as the smallest car on the U.S. market.
A deal now in the works between the United Auto Workers and General Motors could include a large signing bonus for workers at the plant as a way of winning approval for the automaker shedding billions in retiree health care costs, according to published reports.
The United Auto Workers union and General Motors failed to reach a new labor contract despite marathon negotiating sessions over the weekend, but both sides did agree to take a break early Monday, according to GM spokeswoman Katie McBride.
Negotiators from the United Auto Workers union and General Motors are back at the bargaining table Saturday morning, trying to reach a deal on what is expected to be a groundbreaking labor agreement, after a round of all-night bargaining.
The United Auto Workers union has tapped General Motors as its target to try to reach the first contract agreement among the traditional Big Three automakers, a position that gives the nation's No. 1 automaker a strategic advantage over its rivals but raises the risk it could be hit with a strike.
United Auto Workers union President Ron Gettelfinger has told members of his bargaining team that he is willing to agree to the creation of a union-controlled trust fund to assume responsibility for nearly $100 billion in retiree health care costs, according to a published report.
The most important labor talks in the history of the U.S. auto industry face a Friday deadline, but those hoping for a deal to let automakers shed about $100 billion in health-care liabilities and become more competitive with Japanese rivals may have to wait, as talks are now expected to go into overtime.
General Motors posted a surprise sales gain in August, bucking an industry trend of weak auto sales in the period, and helping domestic brands to recapture a majority of U.S. sales.
U.S. stock were mixed at the start of trading Tuesday as investors awaited key reports on construction, manufacturing and auto sales.
Already-battered U.S. auto sales could be the next victim of the problems with mortgages, declining home and stock prices as potential car buyers delay purchases due to uncertainty.
Sales plunged worse than expected at U.S. automakers in July, allowing import brands to overtake their domestic rivals for the first time, even as weak demand for autos spread to Asian and European manufacturers.
DaimlerChrysler's premium auto division Mercedes Car Group boosted second-quarter earnings before interest and tax (EBIT) 74 percent to €1.20 billion ($1.66 billion), the world's fifth-biggest carmaker said on Wednesday, beating market expectations.
GM's plans to sell its Allison Transmission unit have hit hit a roadblock due to an increasingly difficult market for corporate debt, according to a published report.
General Motors Corp. and Ford Motor Co. began talks with the United Auto Workers union Monday, hoping to win sweeping concessions that would slash labor costs for the struggling auto industry.
United Auto Workers chief Ron Gettelfinger said Wednesday that the union is not heading into the upcoming labor negotiations with U.S. automakers in a "concessionary mode."
Bankrupt auto parts manufacturer Dana Corp. reached labor deals with the United Auto Workers and United Steelworkers unions Friday, which the company said will lead to private equity firm Centerbridge Capital Partners and its affiliates to invest up to $500 million in cash in its operations.
The big three American automakers all reported declines for June, as they continued to lose ground to import brands.
People who pay more to buy an expensive luxury car really do like their cars better, according to a new ranking from J.D. Power and Associates.
Five vehicles from Ford Motor Co. placed at the top of their categories in initial quality, according to a survey released Wednesday by J.D. Power and Associates.
Chief executives of struggling Detroit-based automakers will press their energy and trade agendas in congressional meetings Wednesday, days before the Senate plans to take up proposed legislation to sharply hike fuel economy standards.
Despite this week's big bet by a big private equity firm that it can turn around Chrysler, major questions remain for the troubled automaker - and the answers could shape the nation's auto industry for years to come.
Among the many lessons to be drawn from DaimlerChrysler's decision to sell Chrysler: the private equity firms with the best-connected c-suite executives have the edge in the now common bidding wars for deals.
DaimlerChrysler moved to undo the most expensive and one of the least successful mergers in auto industry history Monday as it agreed to essentially pay to dump the money-losing Chrysler unit, which it paid $37 billion for nine years ago.
Stocks could get a lift from a rash of deal news, including the sale of an 80 percent stake in the Chrysler Group of DaimlerChrysler.
DaimlerChrysler has agreed to sell controlling interest of its Chrysler division to private equity firm Cerberus Capital Management for $7.4 billion, a statement from DaimlerChrysler Communications said Monday.
Chrysler Group announced Monday that the gas/electric hybrid Dodge Durango and Chrysler Aspen SUVs to be released in 2008 will be powered by the company's 5.7-liter Hemi V8 engine.
People buy minivans for functionality, not style. That fact was not lost on Chrysler's Ralph Gilles, the designer behind the company's new minivans, most famous for penning the lines of the Chrysler 300 and Dodge Magnum.
Chrysler Group CEO Tom LaSorda presented the broad outlines of a turnaround plan for the automaker to the board of parent DaimlerChrysler and will unveil the plan in mid-February, according to a published report.
The stock rally that has lifted indexes to near record or multi-year highs looks poised to get back on track Friday ahead after a key reading on inflation showed zero increase and a measure of business spending rose more than expected.
Minivans and big SUVs are sometimes referred to as "living rooms on wheels." As entertainment technology improves, shrinks and becomes more portable, that expression is becoming more and more literal.
Stocks could slip slightly in the early going after news of executive shakeups swirl around some struggling companies and some disappointing tech earnings.
Top executives from General Motors, Ford and Chrysler got their meeting with President Bush Tuesday, and while they left saying they were pleased by the talks, they also left without any firm pledges of help from the administration.
Retailing is the focus for investors Tuesday as two of the nation's top retailers reported results that worried markets, and a key reading of retail sales came in stronger than forecasts, while producer prices fell more than they were expected to.
The Ford Fusion midsized car and its Mercury Milan sibling scored big in Consumer Reports' annual new car reliability survey, just beating out the industry's quality standard-bearers, the Honda Accord V6 and Toyota Camry V6.
Here are some stocks that were moving in late trading Friday:
Economic growth slowed to the weakest pace in more than three years in the third quarter, as the government's main gauge of the strength of the U.S. economy came in much lower than analysts had forecast.
Stocks looked set to open higher Friday after a slow reading on economic growth and tame inflation numbers reaffirmed thoughts of a soft landing for the economy and sparked hope for future interest rate cuts.
DaimlerChrysler's chief financial officer Bodo Uebber would not rule out the sale or spinoff of its troubled U.S. arm Chrysler group during a conference held Wednesday, according to an Automotive News report, but the parent company later issued a statement saying it had no plans to sell the auto division.
Greg is a 30-year-old regional manager for Rite-Aid, and he and his wife make about $60,000. They don't have any children, but they plan to soon. Greg shops at The Gap and Target.
Strong results from Internet bellwether Google are helping to give stocks a lift, although a new avalanche of earnings reports from Dow components Friday could put a damper on any rally.
As night fell over the 24 Hours of LeMans this summer, spectators at France's prestigious endurance race detected a pattern. While competitors entered the pits to refuel, a sleek pair of Audi R10s ...
As night fell over the 24 Hours of LeMans this summer, spectators at France's prestigious endurance race detected a pattern. While competitors entered the pits to refuel, a sleek pair of Audi R10s kept stealing laps around the 13.7-kilometer track. Already the fastest cars on the course, and eerily quiet thanks to a unique emissions filter, the Audis were also proving the most fuel-efficient. When the checkered flag flew, the Audi had made history as the first diesel car to win a major international race.
Growth in manufacturing slowed more than expected in September, according to a closely watched survey of executives in the sector.
At the 2006 Paris Motor Show, which opens to the press on Thursday, Dodge will unveil a new Avenger sedan concept.
For some reason, the emotional experience I had with the new Jeep Compass was the opposite of what I'd experienced with its Chrysler Group sibling, the Dodge Caliber.
When auto sales were totaled up for July, a pair of historic shifts took place.
General Motors Corp., struggling to stem continued market-share losses and lift the perception of poor quality, on Wednesday announced a 100,000-mile, five-year powertrain warranty.
Chrysler Group is running into trouble gaining the same concessions from the United Auto Workers union on health care coverage that the union has already granted rivals General Motors and Ford Motor, according to a published report.
Stocks kicked off September with a rally Friday that pushed the Dow industrials to their highest close in more than three months after a report pointed to solid-enough job growth to suit Wall Street and only mild wage inflation.
Stocks kicked off September with a rally Friday that pushed the Dow industrials to their highest close in more than three months after a report pointed to solid-enough job growth to suit Wall Street, and only mild wage inflation.
Wall Street had a little party Friday ahead of the Labor Day weekend as investors welcomed a jobs report that showed strong, but not too strong growth and only mild wage inflation.
Pickup and SUV sales struggled last month as Americans turned to more fuel-efficient cars - a shift that spelled more troubled for Detroit's Big Three automakers.
With so many automakers having problems, there's more than usual riding on the 2007 model year vehicles now starting to roll off assembly lines.
For the past decade, Honda has been out of step with most of its North American competitors - sometimes defiantly so.
In the heat of summer, it's still a long time to New Year's Day. But for car companies next year is already here.
A majority of Michigan residents have doubts about the products made by their state's Big Three automakers and the companies' chances for a turnaround, according to a published report.
Even as distinctions like "American car," "European car" and "Japanese car" become increasingly meaningless in any real sense, they are becoming important as a sort of marketing short-hand.
Investors will face a mixed open Thursday following a big rally in stocks overseas.
Chrysler Group, the U.S. arm of the automaker Daimler Chrysler, will recall about 111,000 of its Jeep Grand Cherokee vehicles after learning that electric seat heaters may overheat, posing a fire hazard, a company spokesman said Monday.
The two most efficient auto assembly plants in North America are a Ford plant in Atlanta and a General Motors plant in Ontario - and both of them are going to close.
The latest auto sales numbers raise the question whether the Big Three should now include Toyota Motor rather than Chrysler Group parent DaimlerChrysler.
Sales at Detroit's Big Three automakers tumbled in April while Japanese automakers gained, the companies said Tuesday.
Not too long ago, if you wanted a real high-performance vehicle -- one that started fast, accelerated quickly and cornered hard -- you bought a sports car.
Detroit's Big Three automakers all posted improved sales in January, as General Motors and Ford Motor Co. halted recent sales declines, but leading imports brands continued to stay close on their heels with even stronger gains of their own.
While its Detroit rivals struggle with falling U.S. sales, deep losses and plant closing announcements, everything seems to be going well for Chrysler Group.
DaimlerChrysler AG's Chrysler Group and Volkswagen said on Thursday that they have reached an agreement under which the U.S.-based carmaker will manufacture minivans for the German rival.
How do you redesign Mount Rushmore.
Sales slumped at Detroit's Big Three in December, capping very different years for the automakers, as Asian automakers made further inroads with U.S. car buyers.
With an appearance that draws heavily from the classic muscle cars of the late 1960s and early '70s, the Dodge Challenger, premiering in concept car form at next week's Detroit Auto Show, should satisfy those who thought the 4-door Dodge Charger just didn't have the right stuff.
Many of the 76 million baby boomers who will downshift into retirement over the next two decades are woefully unprepared, thanks at least in part to the challenges that come along with most 401(k) plans.
They said they'd back off, but the big automakers just can't help themselves.
Growing up in tiny Verona, N.D., in the mid-1970s, Bill Wiemann hoed beets and mowed cemetery lawns, saving enough to buy his first car, a 1970 Dodge Charger. The teenager also dreamed of its optio...
Jeep unveiled two concept vehicles at the Frankfurt Motor Show in Germany today that, a company executive said, hint at a worldwide portfolio expansion for the off-road brand.
"Employee pricing" has been such a big hit with car buyers that General Motors, Ford and DaimlerChrysler's Chrysler Group have extended their promotions for another month.
Investors seemed to ready to take a pause Thursday to consolidate recent gains.
General Motors is demanding that DaimlerChrysler's Chrysler Group pull a new round of advertisements which, GM says, make false claims about the resale value of GM cars, according to a news report by an industry trade publication.
U.S.-based automakers could be headed to one of the their best sales months ever, as buyers flock to take advantage of the "employee discount" offers from the Big Three, according to a published report.
If you are shopping for a 2006 Chrysler, Dodge or Jeep model, you should be aware of a change -- the car will no longer come with a standard 7-year/70,000 mile powertrain warranty.
The Dodge Charger, entering production this week, could be another hit for DaimlerChrysler's Chrysler Group, according to a report in the Detroit News citing the company's counts of those interested in buying the car.
DaimlerChrysler's Dodge division is auctioning off the first production 2006 Dodge Charger on eBay along with the fake NASCAR body shell that was lifted off the car during its Detroit Auto Show introduction early last month.
DaimlerChrysler's Dodge division will auction off the first production 2006 Dodge Charger on eBay along with the fake NASCAR body shell that was lifted off the car during its Detroit Auto Show introduction earlier this month.
The new 2006 Dodge Charger, brandishing a nameplate made famous in the late-1960s era of powerful muscle cars, is being revealed in Detroit today at the 2005 North American International Auto Show.
Auto executives are a bit more bullish on their profit outlook, although most still see a return to strong profits at least a year away, according to an annual survey by accounting firm KPMG.
Auto sales ended the year stronger than expected, allowing General Motors to post a smaller-than-expected drop in U.S. sales, while Ford Motor Co. and DaimlerChrysler reported improved sales.
If you've been watching Rap City late nights on BET, or following the buttoned-down business press, you already know that Chrysler's new 300 is a hit with the hip-hop set. 50 Cent featured the car ...
They're still above $42 a barrel, but oil futures' easing in the overnight hours could help U.S. stocks at Thursday's open.
General Motors Corp. and Ford Motor Co. posted sharp drops in U.S. sales in June, while DaimlerChrysler bucked the trend with a jump in sales.
BBDO, one of the most respected ad agencies on Madison Avenue, has had a rude awakening. The agency is famed for its hip commercials like the Pepsi Twist spot, in which aging rocker Ozzy Osbourne w...
Detroit is going back to the future by giving renewed attention to its cars' back wheels.
Incentives to new car buyers continued to rise in February, according to the latest data from auto price tracker Edmunds.com, even as the money spent to spur buyers appeared to have topped out at the incentive leaders.
The average sticker price of a new auto purchased in December crossed $30,000 for the first time, according to price tracker Edmunds.com, but sticker shock isn't keeping buyers from getting the vehicles they want.
Online gambling site PartyPoker.com has replaced automaker Dodge as the sponsor of the Lingerie Bowl, the controversial Super Bowl halftime pay-per-view show that will feature models wearing lingerie playing tackle football.
On the last day of press previews before the big Detroit auto show opens to the public, Chrysler Group unwrapped three new convertibles headed to dealerships.
It's the world's coolest parking lot.
After three years in reverse, the auto industry hopes and believes it's ready to move forward once again.
It was a foggy day in Detroit's northern suburbs, but from his office on the 15th floor of the Chrysler Group's headquarters, CEO Jim Holden could see storm clouds gathering over the auto industry....
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