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Chrysler Last to Reach Deal with CAW
Thursday, September 27, 2012 - 8:57am | 398Read More...In keeping with recent announcements regarding Detroit automakers Ford (NYSE: F) and General Motors (NYSE: GM), Chrysler (OTC: FIATY) has joined the ranks of its competitors that have reached final agreements with the Canadian Auto Workers (CAW) union. The four year agreement was reached on...
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Chrysler Offers New Models, General Motors Gives Opel Ultimatum
Tuesday, September 11, 2012 - 9:00am | 627Read More...Detroit's automakers General Motors (NYSE: GM) and Chrysler (OTC: FIATY) have been a part of many turnaround stories in recent news, from new models to recalls and managerial change-ups. As of late, each company has made tremendous efforts to maintain market share while increasing competitiveness...
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Will Detroit Benefit From the Automotive IPO Trend?
Friday, June 3, 2011 - 11:00am | 508Read More...There's a new trend for Detroit businesses: IPOs. It began last November when Reuters reported that the beleaguered automotive corporation General Motors (NYSE: GM) had the largest IPO on record, raising over $20 billion. According to The Detroit News, Delphi intends to follow suit, as the...
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Chrysler Loans Netted Taxpayers a Profit
Thursday, May 26, 2011 - 1:18pm | 700Read More...It's not often that a company can turn a negative into a positive, but that is exactly what Chrysler did this week. Wednesday, the world-class carmaker announced it had paid back the U.S. and Canadian governments the balance of their loans a full six years ahead of schedule. The loans, which had...
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Marchionne: Super Bowl Ad Values Represent Chrysler Values
Wednesday, February 9, 2011 - 11:51am | 72Read More...Reporting live from the Chicago Auto Show, CNBC spoke to Chrysler CEO Sergio Marchionne, who commented on the company's acclaimed Super Bowl ad. “One, the values [represented in the commercial] are represented at the Chrysler family,” Marchionne said. “More importantly, I think it says a lot about...
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Chrysler's Next
Tuesday, February 1, 2011 - 10:22am | 245Read More...Despite reporting a loss of $199 million in the the fourth quarter, Chrysler is next to go public in the auto sector, and the company is firing on all cylinders, all puns intended. Chrysler said it lost $199 million in the fourth quarter last year, mostly coming from interest payments from loans...
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Odds Of Chrylser IPO Dim
Friday, September 17, 2010 - 10:18am | 81Read More...“Under promise, over deliver.” Someone forgot to tell Chrysler CEO Sergio Marchionne. He announced that he intends to have an IPO for the No.3 US car company in the second half of next year. It is likely that the UAW, which owns two-thirds of Chrysler, would like to be able to sell some of its...
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Chrysler Adds 1,000 Jobs
Sunday, May 23, 2010 - 2:44pm | 102Read More...Chrysler Group LLC is adding 1,000 jobs to help build its new Jeep Grand Cherokee. The company said it expects strong sales of the new sport utility vehicle. Almost of all the 1,000 hires will be new hires. Chrysler can pay up to $14 per hour for each employee, which is about half the hourly rate...
