Chrysler LLC
Treasury to sell remaining Chrysler stake to Fiat
Jun 03, 2011 04:22 EDT
WASHINGTON (Reuters) - The Treasury said on Thursday it reached an agreement to sell its remaining 6 percent equity stake in Chrysler to Italy's Fiat <FIA.MI> in a deal that will net Washington $560 million.
Obama hits road to hail auto bailout
Jun 03, 2011 03:53 EDT
US President Barack Obama on Friday makes his rescue of America's iconic auto industry a driving force of his 2012 reelection bid and a repudiation of rising attacks on his economic leadership.
Treasury to sell remaining Chrysler stake to Fiat
Jun 02, 2011 23:28 EDT
WASHINGTON (Reuters) - The Treasury said on Thursday it reached an agreement to sell its remaining 6 percent equity stake in Chrysler to Italy's Fiat in a deal that will net Washington $560 million.
Weak US economy drags down Obama momentum
Jun 02, 2011 09:39 EDT
A clutch of disheartening economic data is threatening to squelch President Barack Obama's "bin Laden bounce" and highlight his political vulnerabilities as he fires up his 2012 reelection bid.
Taxpayer loss on auto bailout narrows
Jun 01, 2011 16:36 EDT
WASHINGTON (Reuters) - The government expects to recover more money than anticipated from the auto bailout as it pulls back financially from the sector, but taxpayers still face billions in potential losses, the White House said.
Ally Financial bets on risky subprime car loans
May 31, 2011 14:02 EDT
NEW YORK (Reuters) - Ally Financial Inc, the United States' largest maker of car loans, hopes that people have forgotten the time when "subprime" became a synonym for "disaster."
U.S. should ban rentals of recalled cars: Sen. Schumer
May 30, 2011 18:13 EDT
NEW YORK (Reuters) - Sen. Charles Schumer on Monday called for legislation that would prohibit the rental of cars that had been recalled for safety reasons.
U.S. should ban rentals of recalled cars: Sen. Schumer
May 30, 2011 18:13 EDT
NEW YORK (Reuters) - Sen. Charles Schumer on Monday called for legislation that would prohibit the rental of cars that had been recalled for safety reasons.
Fiat eager to buy, Canada keen to sell stake in Chrysler
May 30, 2011 12:22 EDT
Fiat is interested in buying Canada's 1.7 percent stake in Chrysler, chief executive Sergio Marchionne said Monday while Canada's finance minister said he would welcome an offer.
Italian firms look abroad as economy struggles
May 29, 2011 02:55 EDT
Workers rioting in Italy's historic shipyards this week are only the latest sign of a sense of national economic gloom that is pushing businesses to look abroad for growth and profits.
Biden welcomes recovery of US auto industry
May 28, 2011 13:39 EDT
US Vice President Joseph Biden on Saturday welcomed the recovery of the US automobile industry, but pointed to disparities between rising consumer prices and worker wages.
Focusing on jobs, Biden hails car industry rebound
May 28, 2011 06:03 EDT
WASHINGTON (Reuters) - Vice President Joe Biden on Saturday hailed the recovery of the U.S. auto industry, turning White House attention back to the domestic priority of job creation after a week devoted to foreign policy.
Fiat to boost Chrysler stake to 57% by year's end
May 27, 2011 14:40 EDT
Fiat said Friday it planned to boost its stake in Chrysler to 57 percent by the end of 2011 as the Italian auto giant moves to consolidate its control of the historic Detroit-based brand.
U.S. probes reports of Nissan, Chrysler, GM defects
May 27, 2011 10:47 EDT
DETROIT (Reuters) - U.S. safety regulators have opened preliminary investigations into consumer complaints about vehicles made by Nissan Motor Co Ltd, Chrysler LLC and General Motors Co that could affect more than 700,000 cars.
Goldman CFO says clients "past" Levin: analyst
May 26, 2011 14:08 EDT
NEW YORK (Reuters) - Goldman Sachs believes its clients are "largely past" the regulatory investigations and accusations that have surrounded the bank, according to an analyst who met its Chief Financial Officer.
Wall Street stock index futures point to drop
May 25, 2011 05:36 EDT
NEW YORK (Reuters) - Stock index futures pointed to a weak start for Wall Street on Wednesday, following a late sell-off in the previous session, with futures for the S&P 500, for the Dow Jones industrial average and the Nasdaq down 0.1 to 0.3 percent by 5:06 a.m. EDT.
Obama calls Chrysler bailout repayment "milestone"
May 24, 2011 14:16 EDT
LONDON (Reuters) - President Back Obama said on Tuesday Chrysler auto company paying back a final $5.1 billion in bailout funds given by the U.S. government was a "significant milestone" and a sign that the U.S. auto industry is recovering.
Chrysler details plan to pay off government loans
May 19, 2011 18:54 EDT
Chrysler on Thursday detailed a $7.5 billion refinancing plan that will allow it to pay off government loans and expand Fiat's stake in the US automaker.
Toyota: output recovery still seen taking to year-end
May 10, 2011 04:40 EDT
TOKYO (Reuters) - Toyota Motor Corp <7203.T> on Tuesday denied a report its output would return to pre-quake levels two or three months earlier than expected, but said it will try to resume normal production as soon as possible.
China rules U.S. carmakers are guilty of dumping
May 05, 2011 13:40 EDT
BEIJING (Reuters) - China has found some U.S.-made passenger cars benefited from unfair subsidies, damaging its carmakers, although Beijing side-stepped a potential trade row with the United States by not hitting them with duties.
