DETROIT, March 7- Fiat Chrysler Automobiles Chief Executive Sergio Marchionne made salary and stock awards worth $307,989 last year for heading Chrysler Group LLC, according to a filing with U.S. regulators by the American automaker on Friday. Fiat SpA, based in Italy, and Chrysler Group LLC, headquartered in Michigan, were merged in January.» Read More
As a man who spent his teenage years tooling around in my parent's big Buick, I have to admit I have a soft spot in my heart for big sedans. Doesn't mean I want one now, but I do like the romantic appeal of a big ol' car. So when I heard Chrysler is scrapping plans to further develop its Imperial large sedan, it made me wonder: is the big car dead?
The Ford Motor Company is expected to receive opening bids on Thursday for its Jaguar and Land Rover brands from a number of companies including private equity firms and other automakers, the New York Times reported on Thursday, citing people with direct knowledge of the situation.
At least four Japanese automakers including Toyota Motor said on Wednesday they would suspend production after an earthquake hit the factories of a major parts supplier.
German car parts maker Continental and Blackstone Group with its TRW Automotive Holdings are set to submit bids for VDO, the automotive unit of Siemens, people familiar with the situation said on Wednesday.
Need proof the world of wheels is increasingly being spun by automakers in developing countries? Look no further than Tata Motors out of India. It is reportedly close to buying Jaguar and Land Rover from Ford. If this goes through, it would be a win/win for the companies involved.
Cerberus Capital Management has received a lukewarm reception from investors as the private-equity firm raises cash to finance its acquisition of Chrysler Group, people familiar with the deal said Tuesday.
Shareholders of auto supplier Lear rejected a $2.9 billion buyout offer Monday from a firm led by billionaire investor Carl Icahn. Icahn's American Real Estate Partners had sweetened its offer to $37.25 per share for the auto parts supplier, but at Monday's meeting in Wilmington, Del., some shareholders said Lear was worth far more.
The latest reports out of Europe have Ford once again moving closer to selling its Volvo subsidiary. Officially, Ford won't comment on a possible sales. With that in mind, here's a rundown of what those in Detroit, on Wall Street, and in the auto industry expect to happen.
Ford Motor, responding to reports that it's putting its Volvo unit up for sale, said it is not negotiating with anyone to sell the Swedish automaker.
The Sunday Times, citing unnamed sources in London, said the decision to sell Volvo, which is part of Ford's Premier Automotive Group, was made in the past two weeks, but that the timing of the sale had yet to be decided.
Delphi said in a regulatory filing Friday that it contributed about $48 million to its U.S. pension plans. The amount represents the part of the pension contribution related to services rendered by Delphi employees in the second quarter of 2007, the auto supplier said in a filing with the U.S. Securities and Exchange Commission.
What happens when you take a best selling model, add more bells and whistles, and cut the sticker price? Chrysler hopes it leads to a resurgence of the Dodge Caravan and Chrysler Town & Country minivans. This is another sign, Chrysler is serious about defending its dominance in vans. It sells roughly 42 % of all the new models in that segment. But in the last year, that lead has eroded while Toyota, Honda and Hyundai continue to pick-up business.
European new car registrations rose 0.7% in June as demand in the countries that recently joined the European Union offset a decline in western Europe.
General Motors plans to offer diesel-engine cars under the Cadillac and Saturn brands in the United States by 2010, industry journal Automotive News reported, citing a source familiar with the plan.
Nissan-Renault's chief executive officer Carlos Ghosns $3,000 project to build a small car using Indian expertise could trigger off a new partnership for Renault in India with Bajaj Auto, local business daily The Economic Times said.
Even as the Fourth of July has come and gone, Jeep's Patriot is as hot as a firecracker. How hot? In the latest survey of the hottest selling vehicles by J.D. Power's Power Information Network, the Patriot SUV was the seventh fastest-selling vehicle in the U.S. last month. On average, Jeep dealers kept the Patriot on lots fewer then 20 days, while the industry average is roughly 60.
Cerberus Capital Management Chairman John Snow said on Wednesday the private equity firm was 'confident' in securing Chrysler financing and sees the deal closing in the current quarter.
Billionaire Carl Icahn's sweetened $3 billion buyout offer for auto parts maker Lear has gained little traction among top advisory firms or shareholders ahead of a scheduled vote next week.
Forget the ads touting which full size pick-up has more hauling capacity, or which one can stop just before going over the edge of a cliff, or even which truck makes you feel more American, rural, or cowboy. None of that matters. Here's what talks with truck buyers: cash. The more the better. And right now, pick-up buyers are picking up deals that have them sitting in the catbird seat. In fact, GM is doubling the cash back it's offering people who buy a new Chevy Silverado or GMC Sierra. That's an extra $1,000 on top of 0% financing.
Billionaire investor Carl Icahn's American Real Estate Partners raised its takeover offer for Lear to about $3 billion after shareholders balked at a previous buyout proposal, but the auto parts maker's second biggest shareholder remained unconvinced.