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Chrysler Alliance with Fiat would help funding case
“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.
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.
Chrysler talks to others in case feds veto Fiat deal
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.
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.
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 May Lose as Many as 500 Dealers in U.S. This Year
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.
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Mercedes fined $29 Million by NHTSA for violating fuel efficiency rules
Mercedes-Benz's U.S. division paid a $28.9 million fine in December, 2008 --- the second largest such fine imposed --- for violating federal fuel efficiency requirements in the 2007 model year, the government said Jan 6. A total of six automakers were assessed $37 million in fines in 2008 for violating federal fuel efficiency requirements.