Chrysler Financial announced Tuesday that it has repaid its government loans in full, six years early. Chrysler Financial is the former financial arm of automaker Chrysler LLC. The company owed $1.5 billion to the U.S. government. Loan granted when Chrysler filed Chapter 11 Michigan-based Chrysler Financial received a loan from the government’s Troubled Assets Relief Read on! →


Italian automaker Fiat SpA, which currently owns 58.5 percent of Chrysler Group LLC, has taken a major step toward complete ownership of the iconic American automotive brand. The Detroit News reports that Fiat’s shareholders approved a simplified capital structure with a single class of common stock, which would make a total buy-out of Chrysler much Read on! →


Michigan and Ohio are both battleground states in the current presidential campaign. And the success of the post-bailout auto industry remains a hot topic on the campaign trail. However, both GM and Chrysler have forbidden any candidates from entering their facilities until after November 6. City election and presidential campaign The ban includes all campaigning Read on! →


Dodge put up a teaser website some time ago to give a tantalizing look at the new Dodge Dart, a compact sedan. The car, based partially on an Alfa Romeo, was recently unveiled at the Detroit Auto Show. It is the east and Giulietta is the sun As part of Fiat acquiring the bulk of Read on! →


The Big Three domestic automakers have been desperate to recapture the market share from foreign auto firms. Since the recession began, all three firms have been trying to boost the bottom line and get more people buying American again. The auto rebate offered by the government for buying more fuel efficient vehicles helped. General Motors Read on! →


September auto sales are up from a year ago. September of 2009 had dismal sales figures. Just like home sales slumping after the expiration of the tax credit, the end of Cash for Clunkers saw car sales drop off slightly. However, modest gains have been realized since that time. However, September sales were only a Read on! →


Auto sales in the U.S. rose by 14 percent in November. The was the largest increase since April. Chrysler Group, Hyundai-Kia, Mercedes-Benz and Volkswagen led the pack with the highest gains. Honda was the only automaker to see a decline. Highest since ‘cash for clunkers’ The November figures show the third straight month that the Read on! →


In an age when automotive bailouts and CEO salaries have given taxpayers something to hate, one CEO has revealed that he drew no salary. The Detroit Free Press reports that Chrysler’s annual financial report, filed Tuesday, reveals that company Chairman and CEO Sergio Marchionne was paid no salary or stock options in 2011. Marchionne, who Read on! →


Wednesday morning, partners Fiat and Chrysler have planned a press conference that will help determine the direction of these companies for the future. Fiat has a 20 percent ownership stake in Chrysler motors, and the two companies have strategic plans  for coming years that involve each other. Fiat SpA to demerger Sources inside of Fiat Read on! →


Despite some of the positive sales signs that have flashed across the radar screen of the United States auto industry and auto loans landscape lately, economists wonder what could happen to the still-teetering auto industry if the current recession proves to be a “double-dip” or “w-shaped recovery” model. Will there be another government bailout if Read on! →