Chrysler news stories on Newser

Mitt Takes Credit for Saving Auto Industry

Rob Quinn — Tue, 08 May 2012 05:10:00 CDT

Mitt Romney says he deserves a lot of the credit for saving America's auto industry, despite his vocal opposition to taxpayer help for General Motors and Chrysler in 2008. The Republican, speaking at an auto parts maker in Cleveland yesterday, said Obama followed his lead by allowing both firms to...

Chrysler CEO Turns Down Pay for Second Year

Rob Quinn — Thu, 08 Mar 2012 04:17:00 CST

Chrysler made a $225 million profit last year but its CEO didn't get a penny of it, a regulatory filing reveals. Sergio Marchionne, widely credited with turning around the company's fortunes after its bankruptcy in 2009, declined a salary and bonus for the second year in a row last year,...

And This Year's Top Super Bowl Ads Were...

Mark Russell — Mon, 06 Feb 2012 07:57:44 CST

Sure, the New York Giants won the game itself, but Doritos was the big winner of the Super Bowl contest that really mattered—the ad race. Doritos' baby bungee scored the most Twitter mentions, a big 48,498 tweets, reports the Wall Street Journal; it also took the top spot...

Chrysler Roars to $225M Profit

Kevin Spak — Wed, 01 Feb 2012 10:21:03 CST

Call it a comeback if you want, because it looks like Chrysler is finally back on its feet. Detroit's smallest automaker posted a $225 million profit today to complete its first profitable year since its bankruptcy and bailout in 2009, the New York Times reports. The profit came on the...

For Sale: Obama's Chrysler, $1M

Polly Davis Doig — Mon, 30 Jan 2012 14:40:32 CST

Before he helped bail out Chrysler, President Obama drove one. The 2005 Chrysler 300C once leased by the future president is now for sale on eBay —for the not-too-shabby starting bid of $1 million, reports the New York Times . (Note to Chrysler: If you could have made this business model...

Car Sales Jumped 14% Last Month

Matt Cantor — Fri, 02 Dec 2011 11:36:05 CST

Americans may be worried about the economy, but they still need to get where they’re going. Auto sales beat expectations last month, rising 14% to 994,721, their fastest sales pace since August 2009, reports the AP . Chrysler led the pack: The automaker’s sales jumped 45%, Reuters reports. Close behind...

Chrysler Suspends Workers Accused of Drinking

Sarah Whitmire — Tue, 19 Jul 2011 17:02:58 CDT

"Work hard, party harder." Some workers at a Chrysler engine plant in Michigan might use this phrase to describe their ethic, but unfortunately, a local TV crew from WJBK-TV says it filmed only the latter. Chrysler suspended nine employees without pay after they were seen allegedly smoking pot and drinking...

US Sells All Its Chrysler Stock to Fiat

Kevin Spak — Fri, 03 Jun 2011 08:54:05 CDT

The Treasury Department has reached a deal to sell its remaining 6% stake in Chrysler to Fiat for $500 million, making the Italian automaker Chrysler’s majority shareholder with a 52% stake, the Detroit Free Press reports. Fiat will then pay another $75 million for the government’s right to buy the...

Car Crash Victims Screwed by Auto Bailouts

Kevin Spak — Fri, 27 May 2011 10:59:05 CDT

When the government bailed out Chrysler and GM, it freed them from most of their prior legal obligations—including billions owed to the victims of crashes involving defective cars, the Wall Street Journal reports. Though the automakers agreed to continue to be liable for new lawsuits stemming from old vehicle...