BNET Industries
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Dow Jones Description
Chrysler Corporation is now doing business as Chrysler LLC. In 1998, Chrysler Corporation merged with Daimler-Benz AG to form DaimlerChrysler AG, and upon its split in 2007, formed the newly named Chrysler LLC and Daimler AG.
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NAICS Code Automobile Manufacturing: 336111
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Ford sees market share jump
Ford Motor gained significant market share in the US last month, benefiting from new models and the financial woes of its two Detroit-based rivals, General Motors and Chrysler.Ford's sales fell by 11 per cent from a year earlier, the smallest drop in 16 months. By contrast, GM was down...
GM Seeks Court Approval For New Company
General Motors Corp, hoping for a quick exit from bankruptcy protection, on Tuesday will ask a bankruptcy judge to approve its plan to refashion itself as a leaner automaker owned mostly by the government.The nation's largest automaker still faces hundreds of objections from bondholders, state officials, unions and individual...
Hyundai Gas Offer Echoes Earlier Flop for Chrysler
Chrysler's earlier offer to lock in gas prices at $2.99 per gallon fell flat. Hyundai might or might not do any better, at $1.49 per gallon. However, Hyundai has other things going for it. by Jim Henry
Fiat CEO Says Chrysler Cash Burn Slows: Report
MILAN (Reuters) - U.S. automaker Chrysler Group LLC has stemmed the pace at which it uses cash after emerging from bankruptcy last month as a slimmer company, Chief Executive Sergio Marchionne said in an interview with Bloomberg published on Wednesday.Chrysler went through $9.6 billion in cash in 2008. The Detroit...
GM urges end to bankruptcy objections
General Motors has asked a New York bankruptcy judge to dismiss about 750 objections when he considers tomorrow whether to allow the sale of most of its assets to a new entity in the most crucial phase of the carmaker's court-supervised restructuring.GM said in court documents on Friday that,...
Ford, Nissan, Tesla to Get U.S. Technology Loans
By Kevin KrolickiDEARBORN, Michigan (Reuters) - Ford Motor Co will receive nearly $5.9 billion in U.S. government loans to build fuel-efficient vehicles as the Obama administration deepened its commitment to reshaping the cash-strapped auto industry.Japan's Nissan Motor Co Ltd will receive $1.6 billion and start-up Tesla Motors Inc will receive...
Detroit Closes in on Toyota in Key Quality Measure
By Poornima Gupta and Soyoung KimDETROIT (Reuters UK) - Detroit's top-selling auto brands, Ford and Chevrolet, have almost eliminated a long-criticized gap with Toyota in new car quality, according to a closely watched survey released on Monday.Luxury brands captured the top three spots, while Chevrolet, Ford and Toyota were in...
Government Leaves GM's Ad Budget Alone After Halving Chrysler's
Folks at Chrysler and its agency, BBDO, will likely be fizzing with anger at the news, reported in Ad Age, that General Motors' ad budget was passed by the Presidential Task Force on the Auto Industry without any changes. When Chrysler's bankruptcy went through that panel it was chopped in...
Detroit Three Embrace a Future With (Some) Promise
Even in a post-bankruptcy haze, there are bright spots in Detroit if one looks hard enough. But first the inevitable bad news. Chrysler seems intent on the same old thing, with its backing of the new Jeep Cherokee, which last year endured a 39 percent dip in...
Nearly All Dealers Agree to Work With New GM: CEO
By Mari Saito and John CrawleyWASHINGTON (Reuters) - Virtually all dealers asked to do business with the new General Motors Corp after bankruptcy have agreed to do so, while the automaker will work through the weekend to weigh appeals from those that are being cut loose, the company's chief executive...
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