At a time when the top United States automakers are seeking aid for survival, buying an American car that benefits the country's economy has become a challenge.   It may be noted that fewer than half of the parts on some big three vehicles are made in the United States. Ford Fusion is assembled in Mexico. The Chrysler 300C gets assembled in Canada but its transmission is from Indiana. Their V8 engine is manufactured in Mexico. Chevrolet's Equinox SUV's engines are from China. Most of Toyota vehicles' parts are made in the United States and 56 per cent of Toyota vehicles are sold here. That…  

Chrysler downs the shutters of its North American factories for a month as sales figures and cash levels plummet. At the end of production on Friday, December 19th, Chrysler LLC announced that the ongoing credit impasse and decreasing sales left it with no choice, but to shut down all its factories for a month, extending its yearly holiday shutdown.

 

Mike Accavitti, director of Chrysler's Dodge brand and head of motorsports, said that Chrysler expects to cut spending…  

According to undisclosed but reliable sources, General Motors Corp., Chrysler LLC and Cerberus Capital Management LP are on the verge of considering a merger, or an acquisition of Chrysler by GM. Cerberus Capital Management LP which has an 80.1 per cent stake in Chrysler, and is already engaged in a joint venture with GM, has evidently been holding talks about a full merger or acquisition with GM.

Detroit’s automakers have often explored tie-ups, and in this case, a consolidation of the auto-majors would augur well for the American automotive industry, as well as establish GM as global sales leader, a position that has come under threat from Toyota in recent times.

According to sources cited by the Wall Street Journal, Cerberus, who owns 51 percent of GMAC Financial Services, is pitching for GM’s remaining 49 percent stake in GMAC, in a trade-off for…  

The Detroit Three got a major reprieve on September 24th, as the House of Representatives approved $25 billion in loans as part of a bail out plan for the beleaguered American auto industry. Following this decision, the Energy Department, is in the process of determining rules and regulations to govern the disbursement of these loans. The big trio of American automakers which include General Motors Corporation, Chrysler LLC and Ford Motor Company, have been appealing to the federal government for assistance, in an effort to save their companies from collapsing. Saturday’s approval of $25 billion in low-interest loans will give the U.S. auto industry a much needed boost, to help rework its vehicles. For more than three years now, the American auto industry has been trying to stay afloat, even as foreign automakers have…  

Chrysler LLC announced that by 2010, the Company will launch three different electric vehicles, one each of Chrysler, Jeep and Dodge. These vehicles are currently in the process of development, with Chrysler’s ENVI organization.  The development of Chrysler’s Electric Vehicles is led by ENVI, the Company’s in-house organization that was created in 2007, to focus on developing electric-drive vehicles. Chrysler’s EVs use three primary components including an electric motor, an advanced lithium-ion battery system and a controller to regulate the energy flow. Chrysler revealed its electric-drive prototypes, the Dodge EV, Jeep EV and Chrysler EV at its World Headquarters in Auburn Hills, Michigan here today. The driving performance and capability of each electric vehicle was also demonstrated. Bob Nardelli, Chairman and CEO of Chrysler LLC said that the company had a…