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Posted on
Jun 17 2009 7:44 AM
by
adeal
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Italian auto maker Fiat, which has entered into a strategic alliance with Chrysler, may bring the famed models of the American car maker into India. The alliance with Fiat helped Chrysler to come out of bankruptcy protection last week. When asked whether the company would bring Chrysler brands to India, Fiat Group Chief Operating Officer (International Operations) Filverio Bonfiglioli said, "why not..."
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Posted on
May 20 2009 1:29 AM
by
adeal
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Chrysler dealers will soon launch their legal opposition to the company’s plan to cut 789 dealerships in less than a month, arguing the company has asked for too much freedom from state laws protecting dealer agreements. Michael Bernstein, an attorney with Arnold & Porter who represents the Chrysler National Dealer Council, said the dealers may offer a number of objections to the plan in U.S. bankruptcy court, and that the case will enter some uncharted legal territory.
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Posted on
May 12 2009 1:13 AM
by
adeal
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Chrysler LLC will ask a bankruptcy judge on Tuesday to allow General Motors Corp's lending arm to take over making auto loans for Chrysler's customers and dealers. Chrysler two weeks ago said its lending arm, Chrysler Financial, would no longer provide vehicle financing. It reached a deal with GMAC Financial Services to be its preferred provider of loans. Chrysler calls the deal essential to its reorganization. But Chrysler Financial, Chrysler's previous preferred lender, has objected.
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Posted on
May 08 2009 12:49 AM
by
adeal
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Lamborghini, as the elder and more agricultural among you may remember (or have read on Wikipedia), started off building tractors. Strangely, it stays quiet about that one nowadays (unlike, say, Saab and its blasted aerospace heritage), but one Canadian designer has decided to thrust Lambo right back to its post-war roots with this, the Toro tractor concept. OK, so it’s not quite as cool a design study as the retro SL or the even retroer P1600, but it’s kinda cute nonetheless.
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Posted on
Apr 23 2009 11:37 AM
by
adeal
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The Treasury Department has made a new offer to Chrysler LLC's lenders, asking banks and hedge funds that hold $6.9 billion in debt to forgive $5.4 billion and take a 5 percent stake in a Chrysler-Fiat alliance, according to two people familiar with the matter. The offer was made to the group late Tuesday, these people said. The people asked not to be named because the negotiations are private. The Treasury Department's proposal is in response to the lenders' offer earlier this week to forgive $4.5 billion in Chrysler debt in exchange for a 40-percent stake in the alliance.
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Posted on
Apr 16 2009 1:54 AM
by
adeal
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With just 15 days left before the U.S. government pulls the plug on Chrysler, the only man who appears able to save the struggling automaker is casting doubt on whether a deal can be worked out. Fiat CEO Sergio Marchionne, in an interview published Wednesday, said the Italian automaker will walk away from a nonbinding agreement to take a 20 percent stake in Chrysler and share its small car technology unless the U.S. automaker's unions agree to major cost cuts.
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Posted on
Feb 18 2009 4:42 AM
by
Rimsha
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Chrysler released the first image of its 2010 Chrysler 300 facelift, which will go on sale in mid to late 2010. The image with the 2010 Chrysler 300 facelift was included as part of the company’s viability plan submitted to the U.S. Congress. The vehicle will have a drastically improved interior, and an updated exterior, which builds upon the iconic design of the original 300 series.
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Posted on
Feb 13 2009 5:01 AM
by
Rimsha
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It ain’t over ‘til it’s over. Not only does that apply to baseball, as Yogi Berra knew very well, it’s apparently true in the strange saga of the Obama Chrysler and the eBay aution.
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Posted on
Jan 30 2009 1:49 AM
by
Rimsha
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UPDATE: Chrysler and Fiat have announced that Fiat will take a 35 percent stake in Chrysler. The agreement is non-binding and Chrysler will not receive a cash investment. Fiat will have the option to raise the stake to as much as 55 percent.
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Posted on
Jan 30 2009 1:42 AM
by
Rimsha
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Chrysler has been hit pretty hard by the economic meltdown, and the 2009 Detroit Auto Show gave the company a forum to show that it will be viable for 2009 and beyond. The company focused mostly on electric models during the show, including the fetching Dodge Circuit EV.
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Posted on
Jan 22 2009 2:29 AM
by
Rimsha
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Chrysler 200C EV - a categorical mixture of design and the technologies, never before embodied so it is graceful in one vehicle. “Concept Chrysler 200C EV represents an exact mixture of provocative design and perspective technologies as well as the new essence of a Chrysler, – speaks Frank Klegon, the executive vice-president on company Chrysler LLC workings out.”
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Posted on
Jan 20 2009 3:17 AM
by
Rimsha
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With the announcement of Chrysler Financial gaining access to $1.5 billion in loans from the Treasury Department, qualified new vehicle customers will be able to apply for zero percent financing for up to 60 months when financing a new Chrysler, Jeep or Dodge vehicle through Chrysler Financial. The affordable financing terms will be available on select 2008 and 2009 MY vehicles, and are effective immediately.
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Posted on
Dec 31 2008 3:40 AM
by
Rimsha
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I am about to buy a custom 300c srt8 and I was wondering what I should do to it. I have been searching on the internet for a while now and looking at other peoples cars.
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Posted on
Dec 23 2008 4:25 AM
by
Rimsha
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It’s getting on towards the end of another year, which means that those of us here at LotPro.com can report with a relative degree of accuracy those models with the largest number of searches for the year.
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Posted on
Dec 18 2008 5:34 AM
by
Rimsha
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Chrysler announced Wednesday that it is closing all of its North American manufacturing plants for at least a month, the starkest move taken by U.S. automakers as they anxiously await word about government loans.
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