Fiat Says It Won't Walk Away From Chrysler Deal

When the U.S. Supreme Court delayed the sale of Chrysler to Fiat yesterday it put the whole contract in jeopardy, giving the Italian automaker the opportunity to walk away if the sale isn’t approved by June 15th. Fiat CEO Sergio Marchionne has, however, confirmed his commitment to the purchase, saying that it would not deter him.

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U.S. Supreme Court Delays Chrysler Sale to Fiat

A U.S. Supreme Court judge has delayed the sale of Chrysler to a new Fiat-run company. The move by Justice Ruth Bader Ginsburg came just before a 4 p.m. deadline set by a New York appeals court would have seen the sale completed.

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Chrysler May Reduce Brands to Just Dodge and Jeep

Chrysler, the brand that carries the name of the corporation behind it, may not do so for long. According to a report on AdAge.com, Fiat executives are looking at if they should keep all three Chrysler brands (Chrysler, Dodge and Jeep) and the most likely candidate to get axed is Chrysler itself.

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Terminated Chrysler Dealers Must Sell Inventory by June 9th

Those 789 Chrysler, Dodge and Jeep dealers that were cut loose by Chrysler as a part of its bankruptcy and restructuring plan have until June 9th (next Tuesday) to part with their remaining inventory.

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Chrysler to Idle Plants During Bankruptcy

Starting Monday, Chrysler will idle most of its plants as the company restructures under a Chapter 11 bankruptcy filing. This will include 8 U.S. assembly plants, as well as facilities in Canada and Mexico. Other pre-assembly facilities will also face temporary closure including five North American engine plants, six stamping plants and seven transmission plants.

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Obama to Announce Chrysler Bankruptcy Tomorrow

President Obama is expected to announce tomorrow that Chrysler will in fact file for bankruptcy; according to a report by Bloomberg. The Wall Street Journal, however, says that Obama currently has two speeches drafted for tomorrow’s press conference: one if the struggling automaker files for Chapter 11, and one if it doesn’t.

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Chrysler/UAW Agreement Gives Union 55 Percent Share of Automaker

Less than a day after the UAW, Chrysler and Fiat agreed upon the terms of a contract that would keep the struggling U.S. automaker afloat, details of the agreement have surfaced in which the union will take a controlling share in Chrysler.

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Fiat Ready to Walk on Deal With Chrysler After Canadian Union Refuses to Budge

Fiat is about ready to walk away from a potential partnership with Chrysler says CEO Sergio Marchionne unless the U.S. automaker can significantly cut labor costs. While the United Auto Workers union has made it known that it is willing to work with Fiat and Chrysler management, the Canadian Auto Workers union isn’t.

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Canadian Government Cuts Chrysler Emergency $250 Million Check To Make Payroll

While President Obama outlined his plan yesterday for General Motors and Chrysler, the Canadian government was forced into some more immediate action.

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Chrysler Solidifies Deal With Fiat…That Was Quick

*** UPDATE *** Moments after Chrysler released an announcement that a partnership with Fiat was a done-deal, the American auto manufacturer released another statement with slightly revised wording stating that it had just a “framework” of a deal in place. *** UPDATE ***

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Obama Gives GM/Chrysler Bankruptcy Deadlines

Just ahead of the Obama Administration’s press conference today, some of the most important details are already out.

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Obama Will Set Bankruptcy Deadline for GM and Chrysler on Monday

According to the reliable folks over at GMInsideNews, on Monday the Obama Administration will announce a bankruptcy deadline for both General Motors and Chrysler. 

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Chrysler to Can Three Models: But Which Three?

UPDATE: Since posting this article Chrysler has announced that the three vehicles slated for elimination are the Chrysler PT Cruiser,  Chrysler Aspen and Dodge Durango – all three of which the company had already announced were doomed. Feel free to read our exercise in creative writing/wishful thinking anyway.

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