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Former MG Rover managers barred

Four former senior managers of the Midlands carmaker who extracted £40m from the group before its collapse have been disqualified as company directors for up to six years View full post on All Stories

Jaguar and Williams F1 set for UK hybrid

INDIAN-OWNED automaker Jaguar has joined forces with Formula One racing group Williams to produce a British-made commercial model of their hybrid C-X75 supercar, the pair announced here on Friday. View full post on All Stories

Chrysler in ‘no rush’ to go public, its CEO says

By Chrysler Group LLC is in no rush to go public, Chief Executive Sergio Marchionne said Wednesday, adding that the U.S. automaker “technically” does not need to raise equity. View full post on All Stories

Chrysler says it will repay $7.5 billion in bailout money

Chrysler Group will take out bank loans and sell bonds to repay $7.5 billion in bailout money from the U.S. and Canadian governments, another sign that the automaker is recovering from its near-collapse in 2009. View full post on All Stories

Hyundai Motor Posts Record Results in Q1 Amid Japanese Slowdown

Hyundai-Kia Automotive Group has a shot at becoming the third largest automaker in the world this year amid better-than-expected sales and sluggish performance by Japanese rivals in the wake of the earthquake and tsunami there. Hyundai Motor said Thursday that it achieved record results i… View full post on All Stories

Chrysler Said to Plan to Borrow $6 Billion to Refinance Debt

April 28 (Bloomberg) — Chrysler Group LLC, the U.S. automaker operated by Fiat SpA, is planning to borrow about $6 billion to pay off government debt as Fiat moves to increase its ownership, people … View full post on All Stories

Fiat Increases Chrysler Stake to 30 Percent

Italian automaker Fiat S.p.A. has increased its ownership stake in Chrysler Group LLC from 25 percent to 30 percent as it plans further integration with Chrysler in the U.S. market. View full post on All Stories

Chrysler introduces minivan-based cargo van

Chrysler Group LLC is working to improve its position in the commercial vehicle market with today’s announcement the automaker will offer a new version of its minivan to be sold as a Ram Cargo Van, or C/V. View full post on All Stories

Chrysler CEO receives no salary for 2010: Report

Sergio Marchionne, the chief executive of Chrysler Group LLC, received no cash salary from Chrysler in 2010, the automaker managed by Fiat SpA revealed on Friday in a detailed filing with US regulators. View full post on All Stories

Chrysler seeking new bailout terms

DETROIT, Feb. 5 (UPI) — Chrysler Group LLC’s chief executive officer said the automaker is negotiating for a better deal on its U.S. bailout and seeking a new $3 billion grant. View full post on All Stories