Just because everyone else is doing it doesn’t mean Chrysler Group needs to follow, said CEO Sergio Marchionne. Marchionne told the automotive press that he feels there is “no need” for Chrysler to follow in the footsteps of competitors General Motors Co. and Ford Motor Co. by offering its white-collar workers pension buyouts. Lowering outsized Read on! →


Chrysler CEO Sergio Marchionne has balked at the United Auto Workers union’s call for a two-tier wage system, reports Reuters. The split wage system, which Marchionne believes is “not viable” for Chrysler Group LLC in the long term, creates a contentious class system between newer and veteran employees. Marchionne wants solution by 2015 The two-tier Read on! →


Chrysler Group CEO Sergio Marchionne has announced that the automaker will pay bonuses to its hourly and salaried employees, reports the Detroit Free Press. Via a corporate e-mail sent Jan. 31, Marchionne praised Chrysler employees for contributing to the introduction of 16 new or revamped cars in 2010. Bonuses will be delivered on Feb. 11, Read on! →


Former Speaker of the House and current Republican presidential candidate Newt Gingrich may be liberal enough to garner the support of a few unions in his campaign, but he’s no fan of one of the nation’s largest unions, notes Automotive News. At a campaign stop in Des Moines, Iowa, Gingrich blasted the United Auto Workers 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! →


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! →


If you had faith in the American government’s ability to repay you for your contribution to TARP, I have a suggestion for you: refuse to be delusional. “Faith is belief in spite of, even perhaps because of, the lack of evidence,” says Richard Dawkins. I’d say that when it comes to our money and politics, 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! →


There have been rumors of an Alfa Romeo-based Dodge for some time, due to Chrysler and Alfa being owned by Fiat. The car has been confirmed as being the 2013 Dodge Dart. Illinois is wherefore Romeo art Fiat cars are available in the U.S. again. The question that has been on some people’s minds is Read on! →


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! →