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! →


In order to pave the way for an eventual takeover of majority stake in Chrysler, Fiat has announced some housecleaning. According to the Associated Press, Fiat has split into two companies, separating Fiat industrial from its consumer automaking unit. The goal of the Fiat split, claims Fiat and Chrysler CEO Sergio Marchionne, is to create 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! →


Chrysler Group LLC pulled back the curtain on an exciting concept minivan at Detroit’s North American International Auto Show, reports the Wall Street Journal. The Chrysler 700C sports rounded styling unlike anything previously seen in a consumer minivan. It is unclear whether it will be produced, however. Re-thinking minivans Chrysler and Fiat SpA head Sergio Read on! →


Automotive News reports that Chrysler Group LLC has tired of waiting for the U.S. government to make a decision regarding the automaker’s candidacy for as much as $7 billion in green auto loans. The potential loans from the U.S. Department of Energy are intended to encourage automakers nationwide to adopt more environmentally friendly production methods 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! →


Since Fiat acquired a large stake in Chrysler, more international brands have been debuting through this partnership. New Alfa Romeo and Maserati models are going to be released in the United States soon. Fiat is looking to use its stake in Chrysler to boost global sales. Wherefore art thou Romeo Since Fiat began steadily acquiring 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! →


The Chrysler Group has announced plans for a major investment in its Jeep production plant in Toledo, Ohio. Automotive News reports that the automaker will direct $500 million toward the improvement of the Toledo North Assembly Complex, where Jeep and other vehicles are built. The money will both improve the Toledo plant’s production capability and Read on! →


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! →