Fiat won't risk rating downgrade to buy Chrysler stake, Marchionne says

Fiat CEO Sergio Marchionne said the Italian automaker won't risk a credit-rating downgrade to gain full ownership of Chrysler and he isn't in talks to acquire the UAW retiree health-care trust fund's stake in the U.S. automaker.Fiat won't risk rating downgrade to buy Chrysler stake, Marchionne says

Chrysler to invest $114 million, reopen Trenton North engine plant

Chrysler News-Chrysler Group LLC announced today it plans to invest $114 million to reopen part of the shuttered Trenton North engine plant — a move that will allow the company to keep 268 jobs there.
The Downriver engine plant, which produced V-6 engines, will now create core components for Chrysler's new Pentastar engine. The plant had 464 employees before it closed...From The Detroit News:

Fiat Not Interested In Opel - CEO

GAVI, Italy (Dow Jones)--The head of Fiat SpA (F.MI) Tuesday said he wasn't interested in buying General Motors Co.'s (GM) Opel unit, despite reports about the U.S. car maker being open to the idea of selling it.

After giving up trying to take over Opel a few years ago, the Italian automaker has been focusing attention on merging with its U.S. partner, Chrysler Group LLC, but Fiat Chief Executive Sergio Marchionne expressed to reporters reluctance at taking over the stake held by the last major shareholder, the union's trust fund VEBA....More

Motor City Today: Electrovaya to be Chrysler battery supplier

Electrovaya Inc. said today that it has signed a contract to supply Chrysler with lithium ion batteries for a test fleet of 25 Chrysler Town & Country minivans for a demonstration fleet of plug-in hybrid electric vehicles...more

Chrysler rolls out SRT brand

Chrysler Group LLC is creating a new brand — the Street and Racing Technology or SRT brand — and reshuffling management, the automaker said Tuesday.Chrysler rolls out SRT brand

Marchionne pushes Chrysler IPO to '12

Toledo — On the day President Barack Obama visited a Jeep plant here to mark the end of the government's involvement in Chrysler Group LLC, the automaker's CEO said he would like to see the company trading on the public market next year.Marchionne pushes Chrysler IPO to '12

Did Audi import German ad from Chrysler and Eminem?

A new Audi video for the 2012 A6 Avant features the vehicle driving through the dark streets of the German city as a guitar riffs in the background.Did Audi import German ad from Chrysler and Eminem?

Fiat reaches deal to buy Treasury's Chrysler stake for $560M

Italian automaker Fiat SpA agreed late Thursday to acquire the U.S. Treasury's stake in Chrysler Group LLC for $560 million, ending the Obama administration's involvement with the Auburn Hills automaker.Fiat reaches deal to buy Treasury's Chrysler stake for $560M

Chrysler minivan to get AWD

The next-generation Chrysler minivan and a companion crossover will have all-wheel drive, according to Chrysler Group LLC CEO Sergio Marchionne.Chrysler minivan to get AWD

Chrysler's U.S. sales up 10%, Ford flat, GM down 1.2%

Chrysler today reported U.S. sales of 115,363, a 10% increase compared with sales a year ago. Ford saw sales remain flat, down .1%, while General Motors' vehicle sales dropped 1.2%.Chrysler's U.S. sales up 10%, Ford flat, GM down 1.2%