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Surprising Chrysler makes most of second chance

Surprising Chrysler makes most of second chance

Barely two years since it filed for bankruptcy, Chrysler still has to prove it can deliver on its “second chance.” The carmaker seems to be heading in the right direction.

 

GM CEO says economic outlook uncertain

The U.S. economy is on increasingly unsteady footing, hurt by stubbornly high unemployment and volatile oil prices, the head of General Motors Co told reporters on Tuesday.

 

Treasury to sell remaining Chrysler stake to Fiat

The Treasury Department said on Thursday it reached an agreement to sell its remaining 6 percent equity stake in Chrysler to Italy's Fiat in a deal that will net Washington $560 million.

 

GM’s sales fall as deals and fleet sales slip

General Motors' U.S. sales fell 1.2 percent in May as it offered fewer deals to customers.

 

Chrysler repays bailout money to Treasury department

The Treasury department said on Tuesday that automaker Chrysler Group LLC has repaid $5.1 billion in bailout loans and ended its ability to draw a remaining $2.1 billion.

 

Chrysler Will Pay Back $7.5 Billion Of Loans Years Ahead Of Schedule

Chrysler Will Pay Back $7.5 Billion Of Loans Years Ahead Of Schedule

Chrysler Group LLC is expected to announce today that it will repay about $7.5 billion in U.S. and Canadian government loans on May 24 -- about a month earlier than it recently said, and years ahead of the original schedule.

 

GM sales jump 27% on small car sales gains

General Motors' U.S. sales of cars and truck jumped 27 percent in April as the economy continued to improve and $4 a gallon gasoline pushed buyers into more efficient vehicles.

 

GM sales jump 49%, aided by finance deals

GM sales jump 49%, aided by finance deals

General Motors on Tuesday reported that U.S. sales jumped 49 percent last month, aided by sweeter financing and lease deals that drew a response from other major automakers.

 

Former Chrysler dealers sue U.S. over store closures

Former Chrysler dealers sue U.S. over store closures

Sixty-four former Chrysler dealers sued the U.S. government on Thursday, saying the Obama administration violated their rights by closing their stores during the automaker's bankruptcy without compensation.

 

G.M. Workers to Get $189 Million in Profit Sharing

G.M. Workers to Get $189 Million in Profit Sharing

General Motors said the payments, worth “upwards of $4,000” for hourly workers, were the largest profit-sharing checks in the automaker’s history.

 

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