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Chrysler Bailout

Chrysler Files For IPO

Reuters | Posted 11.23.2013 | Business

DETROIT, Sept 23 (Reuters) - Chrysler Group LLC on Monday filed paperwork for an initial public offering, an action that could slow majority owner Fia...

Bailed-Out Automaker's Profit Soars

AP | DEE-ANN DURBIN and TOM KRISHER | Posted 04.01.2013 | Business

DETROIT — In just three years, Chrysler has gone from government ward to rising star. The No. 3 U.S. automaker made $1.7 billion last year than...

Report: Chrysler Adding Over 1,200 Jobs In The Motor City

AP | DEE-ANN DURBIN and TOM KRISHER | Posted 01.15.2013 | Detroit

DETROIT -- Chrysler plans to add up to 1,250 jobs at three Detroit-area factories as it prepares for a rise in pickup sales. The company said Thursda...

All Bankruptcies Are Not Created Equal

Jacob Adlerstein | Posted 12.19.2012 | Business
Jacob Adlerstein

Regardless of your view on who got it right, it is unquestionable that the candidates would have steered GM and Chrysler down dramatically different paths.

U.S. Auto Bailout Will Cost BILLIONS More Than Previously Thought

Reuters | Posted 10.13.2012 | Business

WASHINGTON, Aug 13 (Reuters) - The U.S. Treasury Department has said the auto industry bailout will cost taxpayers $3.4 billion more than previously...

Major U.S. Automaker Sees Best June In Five Years

AP | DEE-ANN DURBIN | Posted 09.02.2012 | Business

DETROIT (AP) — From mini cars to monster pickups, sales of new cars and trucks surged in June and eased concerns that Americans would be turned off ...

Chrysler Sales Highest In 4 Years

AP | DEE-ANN DURBIN and TOM KRISHER | Posted 07.01.2012 | Detroit

DETROIT — Toyota is back. It's putting a year of earthquake-related shortages behind it and grabbing sales from stumbling General Motors and For...

Their Eyes Were Watching The President

Connie Cuellar | Posted 05.16.2012 | Politics
Connie Cuellar

The union hall for UAW Local 400 in Sterling Heights, Mich. was packed with supporters to watch the Obama campaign's 17-minute re-election movie, The Road We've Traveled, which debuted Thursday night at more than 300 campaign-organized watch parties across the country.

CEO's Strangely Altruistic Move

Reuters | Posted 05.07.2012 | Business

DETROIT, March 7 (Reuters) - Sergio Marchionne, the chief executive of Chrysler Group LLC, declined a salary and bonus for 2011 when the smallest U....

Sharon Silke Carty

Detroit Baffled By Romney | Sharon Silke Carty | Posted 02.15.2012 | Business

DETROIT -- Three and a half years ago, as the auto companies at the heart of this battered city faced bankruptcy, Texas Bar and Grill on Kercheval Str...

Sharon Silke Carty

Chrysler Super Bowl Ad Raises Questions About Underlying Political Message | Sharon Silke Carty | Posted 02.09.2012 | Business

On Monday, responding to a barrage of criticism from conservative pundits and some football fans, Chrysler chief executive Sergio Marchionne denied th...

Fiat Increases Chrysler Stake

AP | Posted 01.05.2012 | Detroit

DETROIT -- Fiat has added 5 percent to its majority ownership of Chrysler. The Italian automaker got the added stake by making a car in the U.S. that...

Chrysler Posts $212 Million Third Quarter Profit

AP | TOM KRISHER and DEE-ANN DURBIN | Posted 12.27.2011 | Business

DETROIT — Chrysler is moving closer to its first full-year profit since 2005 as customers buy more of its cars and trucks at higher prices. It'...

Chrysler's Debt Repayment Turns Would-Be Profit Into Loss

AP | TOM KRISHER | Posted 09.25.2011 | Business

DETROIT — The cost of paying off government debt kept Chrysler from making money in the second quarter, but that didn't stop its cars from selli...

Taxpayers Stand To Lose $1.3 Billion From Chrysler Bailout

Posted 09.20.2011 | Business

DETROIT (Deepa Seetharaman) - The U.S. and Canadian governments exited their investments in Chrysler Group LLC on Thursday, allowing Italy's Fiat ...

Restaurant Name-Checked By Obama As Beneficiary Of Auto Bailout To Close

AP | By JoANNE VIVIANO | Posted 08.09.2011 | Politics

COLUMBUS, Ohio -- The owners of an Ohio restaurant touted last week by President Barack Obama as an indirect beneficiary of the government's Chrysler ...

Obama On Auto Bailout: Yes We Did, And It Worked

AP | JIM KUHNHENN | Posted 08.03.2011 | Politics

TOLEDO, Ohio -- President Barack Obama said Friday that the economy faces challenges ahead and "bumps on the road to recovery." But at an event to cel...

Americans Need To Lower Their Expectations, Ex-GM Executive Says

Posted 08.01.2011 | Business

DETROIT (Ben Klayman) - The United States has a window of opportunity to dump its reputation as a nation of importers and get back to being a glob...

Marcus Baram

The Wake-Up Call: Car Accident Victims Left Behind In Huge Bailouts Of GM, Chrysler | Marcus Baram | Posted 07.27.2011 | Business

• Thousands of car accident victims were left behind by the massive government bailouts of GM and Chrysler. The $50 billion rescue of GM and the res...

Chrysler Set To Repay Billions Of Dollars In Loans

Posted 07.24.2011 | Business

DETROIT (Ben Klayman, Deepa Seetharaman) - Chrysler Group LLC was set on Tuesday to repay $7.5 billion in U.S. and Canadian government loans from ...

Chrysler Will Pay Back $7.5 Billion Of Loans Years Ahead Of Schedule

AOL Autos | David Kiley | Posted 07.19.2011 | Business

Chrysler Group LLC is expected to announce today that it will repay about $7.5 billion in U.S. and Canadian government loans on May 24 -- about a mont...

Chrysler Back In The Black Two Years After Bailout

AOL Autos | David Kiley | Posted 07.02.2011 | Business

Two years after it was escorted through bankruptcy reorganization by the White House and with the help of loans from U.S. and Canadian taxpayers, Chry...

James Surowiecki: The Great Recession Has 'Crippled' Unions

The New Yorker | James Surowiecki | Posted 05.25.2011 | Business

In the heart of the Great Depression, millions of American workers did something they'd never done before: they joined a union. Emboldened by the pass...

Sales Of New Jeep Help Chrysler Cut Its Losses In Half

AP | By DEE-ANN DURBIN | Posted 05.25.2011 | Business

DETROIT -- Chrysler cut its losses in half between the second and third quarters as a new version of the Jeep Grand Cherokee notched strong sales. The...

Chrysler Still Doesn't Get It and We Get Stuck With the Bill

Jonathan A. Schein | Posted 05.25.2011 | Green
Jonathan A. Schein

I'm not sure which is worse: using bailout money to fund the making of outdated, gas-guzzling automobiles, or to pay executives to oversee the creation of embarrassingly bad advertisements for those cars.