Fiat Has Option To Increase Chrysler Stake 70 Percent

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Fiat Has Option To Increase Chrysler Stake 70 Percent
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Chrysler filed documents with the Security and Exchange Commission that revealed that parent company Fiat has a one year option to increase its stake in the American automaker to as much as 70 percent. The increase is contingent on Chrysler repaying its government loans, and the automaker will be issuing new debt in a bid to allow… Continue Reading...

Closed Chrysler Dealers File Lawsuits Against U.S. Treasury

Closed Chrysler Dealers File Lawsuits Against U.S. Treasury
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When Chrysler went through its unpleasant bout of restructuring in June of 2009, it shut down 789 dealerships in an effort to reduce its dealer network by 25%. Now, 64 of those dealers are filing suit against the United States Treasury Department, claiming that the government terminated those dealerships and violated the U.S. Constitution. More… Continue Reading...