Chrysler seeks to eliminate 789 dealers, 40 in Michigan

By slashing 25% of its dealer network, including 40 in Michigan and 14 in metro Detroit, the restructured Chrysler-Fiat will eliminate up to 40,000 jobs or more than Chrysler’s total U.S. work force.In a court filing Thursday, Chrysler asked U.S. Bankruptcy...

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Fiat Said to Study Use of Designs From GM’s Opel for Chrysler

May 14 (Bloomberg) -- Fiat SpA may use designs or technology from General Motors Corp.’s Opel in future Chrysler LLC models as part of a global auto alliance, people familiar with the discussions said. The talks involve folding GM and Fiat’s European...

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Could Chrysler's Bankruptcy Take 2 Years?

(Reuters) - Chrysler's bankruptcy may take as long as two years, instead of the two months that President Barack Obama suggested as a target, Bloomberg said, citing an administration official.The 60 days projected by Obama at an April 30 press conference...

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Chrysler Owes Top Ten Suppliers $400 Million and Bob Lutz Joins List

Some surprising companies and people stand in a long line of those with unsecured claims against bankrupt Chrysler. The list of creditors that are owed big money by bankrupt Chrysler includes many suppliers such as Johnson Controls and Visteon. But there’s...

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Chrysler-Fiat Will become a Global Powerhouse

J. Travis-Gm Chrysler NewsAs Fiat SpA CEO Sergio Marchionne is in the process of wrapping up the Fiat Chrysler deal, he is also working on purchasing GM Operations overseas, Saab, Opel(Saturn) and building a global network quickly. If Fiat is going...

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Chrysler expected to sell assets to Fiat

NEW YORK – Chrysler LLC is expected to file a motion Saturday to sell substantially all of its assets to Italian automaker Fiat Group SpA, but the ailing automaker must still deal with creditors who refused to come to a deal to erase the company's debt.Attorneys...

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Chrysler is in court today for bankruptcy hearing

DETROIT – Chrysler's first hearing in a New York courtroom Friday morning may offer the first clue as to whether a quick, "surgical" bankruptcy is possible. The nation's third-largest automaker filed for Chapter 11 bankruptcy protection Thursday with...

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