Mulally Makes Millions – Marchionne Zip – for 2011
Ford CEO Alan Mulally received a $58.3 million stock bonus for his efforts in turning around the number two U.S. automaker. But despite its own corporate turnaround, Chrysler provided no compensation...
View ArticleChrysler Back – Minus Dirty Harry – With New “Halftime in America Ads”
Chrysler's roundly applauded "Halftime in America" ad campaign is back - albeit without Clint Eastwood. As TheDetroitBureau.com reports, a new series of spots, collectively titled "Second Half," air...
View ArticleChrysler Delivers Best Earnings in 13 Years
Chrysler is "maintaining its focus," says CEO Sergio Marchionne, after announcing $473 million in first-quarter earnings -- its biggest quarterly profit in 13 years and more than the marker earned in...
View ArticleChrysler Seeking New Finance Partner
Chrysler doesn't want to ally with Ally. The Detroit maker wants to end the marriage forced on it during its federal bailout and line up an alternative finance partner. More from TheDetroitBureau.com.
View ArticleRomney: I Saved Auto Industry by Opposing Bailout
GOP presidential contender Mitt Romney has tried to benefit from opposition to the auto bailout - but now wants credit for its success. In an interview, the son of the former head of American Motors...
View ArticleAuto Bailout Cost Now Upped to $25 Billion
American taxpayers could wind up losing as much as $25 billion on the 2008 – 2009 automotive bailout, according to a new report, a figure that has increased by 15% since an earlier forecast, in large...
View ArticleSurvey: Many New Car Buyers Think General Motors Will Have to File Bankruptcy...
A new report from an automotive industry newsletter says nearly a quarter of all potential car buyers are concerned that General Motors will file for bankruptcy again within the next few years. CNW...
View ArticleAuto Industry Helped Tilt Vote Towards Obama
Even as analysts pour over the data trying to get a clear understanding of what led President Barack Obama to victory on Tuesday, there’s a growing sense that the auto industry played a significant...
View ArticleIt’s Chrysler’s Turn to Save Fiat
It's Chrysler's turn to save Fiat from financial disaster, Sergio Marchionne, the CEO of both makers, revealed. He made his comments during the announcement of a major expansion at Chrysler that will...
View ArticleAuto Bailout Loss Estimate Dips – Still Likely to Top $20 bil
With General Motors’ stock rising by as much as 60% since last summer, the long-term cost of the 2009 auto industry bailout has shrunk substantially – but would still top $20 billion at the current GM...
View ArticleTesla, Chrysler Get into Sniping Match
It began with a seemingly innocuous statement from Tesla Motors but has quickly escalated into a spitting match with Detroit’s third-largest automaker, Chrysler. Which automaker really was first to pay...
View ArticleChrysler Gets Creative to Bolster Bottom Line
The Chrysler Group has found a creative way to bolster its bottom line, shaving millions off the interest costs it will pay for the loan that helped it pay off its 2009 bankruptcy bailout....
View ArticleFiat Completes Chrysler Takeover
The news comes a day later than originally promised but after establishing their alliance nearly five years ago, suburban Detroit-based Chrysler Group is now a wholly-owned subsidiary of Fiat SpA....
View ArticleGovernment Lost $9.26 Billion Saving Auto Industry
The U.S. government lost less than $10 billion rescuing the auto industry, which was four times less than some estimates. The Treasury initially estimated the loss would be $44 billion, but revised it...
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