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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...

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...

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...

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 SpA ...

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 global m...

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 its ...

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...

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.

WATCH: Chrysler Auto Workers Busted Drinking During Lunch, Possibly Smoking Pot

Posted 05.25.2011 | Business

UPDATE: Chrysler has indefinitely suspended 15 workers from the Jefferson North plant in the wake of Fox 2's report, according to the WSJ. Fox 2 D...

Chrysler Campaign Offers More Cash For Clunkers

News | Jean Halliday | Posted 05.25.2011 | Business

DETROIT ( -- How much is your old car worth? Chrysler Group thinks up to $9,000. As part of a new incentive program tied to Uncle Sam's upc...

Chrysler Dealers: Closing Day Arrives

The Huffington Post | Ryan McCarthy | Posted 05.25.2011 | Business

It's a sad week for hundreds of Chrysler dealers across the country. As the Detroit automaker's bankruptcy process unfolds, dealerships will be either...

Pohanka Chrysler Dodge One Of Many Dealerships Forced To Sell Entire Inventory | Dugald McConnell CNN's | Posted 05.25.2011 | Home

The affected dealerships are not only furiously trying to sell off their inventory; at the same time, they are trying to figure out what they will do ...

Chrysler President James Press's $15.7M Townhouse

The New York Observer | Max Abelson | Posted 05.25.2011 | Business

This week, Mr. Press' townhouse at 178 East 64th Street went on the market for $15.7 million--or $35,000 per month. "It wasn't appropriate. He bought ...

Chrysler Bankruptcy: Lee Iacocca Losing Pension, Car

Yahoo! News | Emily Chasan | Posted 05.25.2011 | Business

NEW YORK (Reuters) -- Lee Iacocca, the car executive credited with saving Chrysler from bankruptcy in the 1980s, is to lose a big chunk of his pension...

Welch Criticizes Obama On Chrysler Bankruptcy | Tom Moroney | Posted 05.25.2011 | Business

May 20 (Bloomberg) -- Jack Welch, former chief executive officer of General Electric Co., criticized the government- backed bankruptcy of Chrysler LLC...

Obama Halves Chrysler's Marketing Budget

Ad Age | Jean Halliday | Posted 05.25.2011 | Business

DETROIT ( -- Chrysler wanted to spend $134 million in advertising over the nine weeks it's expected to be in bankruptcy -- the U.S. Treasury...

Auto Industry Teammates

Dan Dubno | Posted 05.25.2011 | Business
Dan Dubno

We all know that the car occupies a central position in our way of life, yet aside from adding DVD players and coffee cup holders, we've done little to integrate ideas from the rest of our society.

Chrysler Won't Repay Bailout Funds

CNN Money | Chris Isidore | Posted 05.25.2011 | Business

NEW YORK ( -- Chrysler LLC will not repay U.S. taxpayers more than $7 billion in bailout money it received earlier this year and as part ...