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BREAKING: Chrysler 'rejects' 789 dealers nationwide, works to pare network by 25% by June 9
Chrysler has just announced that it will 'reject' some 789 of its dealerships by June 9 as it works to downsize through Chapter 11 bankruptcy restructuring. That represents a 25% cut in its dealer networks, leaving 2,392 Chrysler, Jeep, and Dodge dealers to carry on if the automaker is able to successfully emerge from bankruptcy with its new partner, Fiat. Auburn Hills reiterated that it will be "business as usual" with its entire dealership body throughout its bankruptcy proceedings, with plans to honor warranty and incentive payments "during ... Read more →
AP: Chrysler definitely filing for bankruptcy after debt talks "crumbled overnight" Chris Paukert
Building on speculation that first leaked yesterday is word this morning that a pair of Obama administration officials have told The Associated Press that Chrysler will indeed file for bankruptcy. ...
REPORT: UAW agrees to ban strikes?(!) Chris Paukert
According to a post on The Detroit Bureau, a key stipulation in the tentative contract reached between the United Auto Workers and Chrysler is that the union's right to strike will be all but ...
REPORT: Chrysler considering pulling out of Canada Chris Paukert
According to The Canadian Press, Chrysler may elect to pull all manufacturing operations out of Canada if it cannot come to an agreement with the Canadian Auto Workers by month's end. The embattled ...
Cerberus may cut 10% of its workforce Chris Shunk
That Chrysler continues to struggle isn't exactly news. As a whole, the auto industry is tanking and cars just aren't moving off dealer lots. Chrysler initially responded by offering buyouts to its ...
Breaking news:
Could Chrysler's "Project D" be a Nissan? 11 months ago on Autoblog
Chrysler has been eerily silent about what, if anything, is in the works to replace the Avenger/Sebring twins, other than giving the replacement plan a cryptic "Project D" moniker. The pair are still relative newcomers to the scene, but the competition has delivered Chrysler's midsizers a sound ...
VW says Adios! to Auburn Hills - move to D.C. confirmed 2 years ago on Autoblog
The workforce exodus in Southeast Michigan is slated to continue, as Volkswagen's North American headquarters is officially heading over to Washington D.C. VW currently employs 1,500 workers in Auburn Hills, just a stone's throw away from Chrysler's epicenter. The move to D.C. comes as VW has lost ...
Autoblog Podcast #155: 'Twas the night before LA...
Chris, Dan, and Editor Paukert go over some LA Preview action and quietly whoop it up on the podcast.
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