Automotive News China reports the United States is set to file a complaint with the World Trade Organization against China for tariffs on American-built vehicles. The duties cover around 80-percent of the vehicles imported from the U.S. and are expected to cost U.S. automakers $3.3 billion. Interestingly enough, General Motors and Chrysler vehicles face higher tariffs than those of other automakers due to the government bailout those manufacturers received under presidents George W. Bush and Bar
On August 2, Chrysler handed over the keys to 14 plug-in hybrid Dodge Ram 1500 to the city of San Francisco as part of a three-year evaluation program. Fourteen also went to Sacramento. The cities will evaluate the vehicles by driving them and regularly reporting all driving and charging experiences with the loaned demonstration vehicles to Chrysler.
It's the General Motors and Chrysler merger saga, take three. A few months ago, GM said "No can do" to the union, taking off its ring and walking out of church. Now GM's bondholders may be contemplating a shotgun wedding, forcing The General back to the altar over the debt-equity swap the automaker needs to conclude to have a chance at more government financing.
According to a report by the Wall Street Journal, the Obama administration has tapped outside advisers to begin investigating debtor-in-possession financing for Chrysler and General Motors if either (or both) need to file for Chapter 11 reorganization.
Without even waiting for the usual 30-day review period to end, US Government antitrust regulators have officially cleared the purchase of Chrysler by Cerberus Capital Management. While the sale won't officially close until Q3, this means that it won't face any regulatory hurdles or conditions. It's good news for Cerberus, and all are waiting to see if it's good news for Chrysler. However, in light of Cerberus' interest in Jaguar and Land Rover, for Cerberus it could just mean one down and two t
What did Chrysler do with its highly publicized production glut? Unloaded them onto fleets. Between September and February, 48.5-percent of Chrysler's sales were sold in quantities of ten or more. Even more troubling to dealers and consumers, close to 80-percent were bought up by rental car companies, versus GM and Ford whose rental sales are closer to half of their total fleet sales.