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“We think the partnership with Fiat not only gives us a lot of confidence, but more than that, it really moves us to a prosperity plan where it’s a true global powerhouse,” Press told reporters following a meeting with dealers near the Baltimore-Washington International Thurgood Marshall Airport.

Thursday, 29 January 2009 10:31

Chrysler-Fiat deal may yield 7 new vehicles

Automakers say reports speculative

As for the specific product plans between the two automakers, spokespeople for Fiat and Chrysler said any reports are speculation.

Although defending proposed alliance, top exec says automaker is also exploring other alternatives.

Chrysler LLC Vice Chairman and President Jim Press said the automaker is in talks with other possible partners if the U.S. Treasury Department rejects a tie-up with Fiat SpA, and defended the proposed alliance saying it would help preserve U.S. jobs.

Wednesday, 28 January 2009 12:35

Chrysler turns to Fiat for strength

Chrysler has grabbed a tenuous lifeline, agreeing to give Italian automaker Fiat 35% of the company in exchange for access to its small car platforms and a global dealer network.

Wednesday, 28 January 2009 12:23

Incentives help Chrysler market share

Chrysler seeks $3 billion more in U.S. loans

Chrysler LLC's new incentives have given it more market share this month, even as the auto industry's sales remain depressed, Chrysler President Jim Press said.

GM said it may lose as many as 500 dealers in its home market this year, an increase from 350 last year, as the largest U.S. automaker works toward a goal of cutting 1,700 by 2012.