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    Breakdown of Chrysler's Big Day [w/POLL]
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    Click above to take poll after the jump
    It's not often your company both files for bankruptcy and gets new owners in a single day, but that's just what happened to Chrysler today. We've had some time to digest all the details after President Obama's press conference at noon, and here's what we ...

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    Obama announces Chrysler bankruptcy, deal with Fiat; Nardelli out soon *UPDATED
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    President Obama has just concluded a televised press conference where he announced that Chrysler will indeed head into Chapter 11 bankruptcy proceedings almost immediately. As part of the same announcement, he noted that the Auburn Hills automaker has reached terms with Fiat and will be headed into ...

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    Clash of the Titans: Fiat reportedly squaring off with European Union over mergers
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    According to The Detroit News, Guenter Verheugen, the European Union's Industry Commissioner, lashed out at Fiat on Friday in a radio interview, voicing concerns that the Italian automaker is acting irresponsibly to be considering new mergers and acquisitions when the company is already in debt. ...

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    Grand Caravan to Grande Punto: Chrysler plants could be retooled to produce Fiats
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    Any pending arrangement between Chrysler LLC and Fiat SpA could see a huge reshuffle of Chrysler's manufacturing facilities all across North America to make way for joint production of a new generation of vehicles to be sold with Chrysler, Dodge, Jeep, Fiat and Alfa Romeo badges. Included among the ...

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    REPORT: Fiat's Marchionne could replace Nardelli as Chrysler CEO in management shake-up royale
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    If you were surprised by the "resignation" of GM chief Rick Wagoner late last month, get used to the idea. Chrysler reportedly has some major management changes in store as well, including a new seven-member executive board including representatives from Fiat and the Obama administration's ...

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    Chrysler's flexible new Pentastar V6
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    While the 2011 Jeep Grand Cherokee wowed the crowds in New York, what lies beneath could be a key to Chrysler's recovery. The new 3.6-liter V6, called Pentastar after the company's five-pointed-star logo, replaces seven – count 'em, seven – of Chrysler's aging engines, and stands as the ...

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    That was fast: Chrysler and Fiat agree on partnership framework of a global alliance
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    Not long after the President concluded his televised press conference today, Chrysler released a statement saying that it and Fiat have already reached an "agreement on a framework of a global alliance". The President announced that the U.S. government would supply Chrysler with sufficient capital ...

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    Fiat-PSA Merger: In the cards or off the table?
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    Everybody remembers the first two rules of Fight Club. But what about the rest of them? Like the fourth rule: "Only two guys to a fight," and the fifth rule: "One fight at a time, fellas." In mergers and acquisitions terms, only two parties to a merger, and one merger at a time. Well it looks like ...

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    Fiat and Chrysler designers to collaborate, other Fiat divisions excluded
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    The ink isn't even dry yet on the deal between Chrysler and Fiat, but design executives from both automakers are slated to begin meeting next week to discuss collaboration on future products and how Fiat's current offerings can be adapted for Chrysler's needs. The meetings were confirmed by ...

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    Who's the Boss? Daimler still wants to offload remaining stake in Chrysler
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    For over a decade, ownership of Chrysler has been bouncing back and forth over the Atlantic like an Airbus jet. Since its founding in 1925, it was independently owned and operated right out of Detroit, then Daimler bought controlling interest in 1998, only to sell it to U.S.-based Cerberus Capital ...

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    BREAKING: Chrysler and Fiat announce partnership
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    Chrysler announced this morning that the beleaguered automaker has entered into a global strategic alliance with Fiat SpA, giving both companies access to each others' products and markets. Fiat will also lend a hand in developing a business plan to present to the US Treasury; bringing to bear ...

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    Suitor of the Day: Chrysler in talks with Fiat
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    Chrysler may not be in the best of shape, but apart from the federal government, someone may be willing to throw the beleaguered automaker a lifeline. And it may prove to be a mutually-beneficial relationship.Even before things went belly up in Detroit, reports indicate that Italian auto giant Fiat ...

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