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AUTO INDUSTRY
US appeal court upholds Chrysler sale
A US appeal court has upheld the US government-crafted rescue plan for Chrysler, involving its sale to a consortium led by Fiat. But the sale will not take place immediately, as investors are expected to lodge an appeal with the Supreme Court.
AUTO INDUSTRY
GM, Chrysler defend massive dealership cuts to Congress
Top executives at General Motors Corp and Chrysler LLC told the US Congress that they had no choice but to close down thousands of car dealerships across the country to save their companies. Both are filing for bankruptcy protection.
AUTO INDUSTRY
Decision on Chrysler rescue plan expected on Monday
A US court is expected to rule on Monday on the US government-crafted rescue plan for Chrysler. The third-biggest US automaker is seeking a tie-up with Fiat in a plan presented as the only way to save the company from liquidation.
AUTO INDUSTRY
US Treasury pumps extra $757 million into Chrysler
The US Treasury has provided an extra 757 millions dollars to Chrysler as part of efforts to give the ailing carmaker a fresh start in partnership with Italy's Fiat. On Tuesday, a US court rejected a move to block Chrysler's bankruptcy filing.
AUTO INDUSTRY
Chrysler to close one in four US dealerships
Troubled car maker Chrysler warned it intended to close 789 dealerships as part of its restructuring plan and in order to boost the chances that its alliance with Italy's Fiat succeeds.
AUTO INDUSTRY
Lenders drop opposition to Chrysler bankruptcy plan
A US government-backed bankruptcy plan for Chrysler moved one step forward after a group of dissident lenders dropped their legal challenge. The restructuring plan is designed to help Chrysler set up a partnership with Fiat.
AUTO INDUSTRY
Fiat chief Marchionne will head up Chrysler
Sergio Marchionne, Fiat's boss and the man behind its takeover of Chrysler, will be the chief executive of the US firm after it its bankruptcy procedure and tie-up with the Italian group are completed, said a spokesperson for Fiat.
11/05/2009 - THE WEEK IN THE AMERICAS

Portrait of a Chrysler dealer

The H1N1 virus may seem under control in Mexico but the country is now looking at the political and economic fallout. Also: Chrysler, the troubled Detroit automaker, has filed for bankruptcy protection. Tough times for factory workers lie ahead.
AUTO INDUSTRY
US court clears way for Chrysler-Fiat deal
A US court approved Tuesday a fast-track sale plan proposed by the White House to shore up bankrupt carmaker Chrysler. This decision clears the way for a possible partnership with Italian manufacturer Fiat.
AUTO INDUSTRY
Fiat's baffling gamble
Having spent the best part of the 1990s living on a drip, Fiat has embarked on a bold mission to resuscitate a bankrupt Chrysler and take over the European operations of its Detroit rival General Motors.
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