GM-Chrysler Merger Rumor Roundup: Deal To Be Done By Halloween, Mandatory Two Month Furlough For Chrysler Engineers?

The WSJ »10/17/08 9:20am10/17/08 9:20am reports today (via Automotive News) Cerberus and GM are moving full-steam-ahead in their efforts to get a GM-Chrysler deal done by the end of October. Today also brings news Renault may have their hand in the cookie jar too, negotiating for one or more parts of Chrysler and leading to speculation the Auburn…

GMAC Now Officially Requires 700-Plus FICO Score For New Car Loan

The Financiapocalypse »10/13/08 6:20pm10/13/08 6:20pm continues. We just received a copy of an e-mail that went out at GMAC, the lending arm jointly owned by GM and Cerberus, from Barbara Stokel, GMAC's EVP of North American Operations. Here's the most salient detail: you'll now need a minimum 700 to get a car loan at dealer invoice or below from…

Daimler Wants To Wash Hands Of Chrysler, Sell Remaining 19.9% To Cerberus

Daimler was obviously unimpressed by Chrysler's electrically »9/24/08 2:20pm9/24/08 2:20pm yesterday, as word comes today the German automaker is in talks to sell Cerberus its remaining 19.9% stake in Chrysler. If terms are agreed upon, the sale would mark the end of Daimler's involvement in the Auburn Hills automaker a mere ten years after…

WSJ: Chrysler And Nissan Discussing Mid-Size Car Collaboration

While we've previously reported on the Chrysler/Nissan small-car/pickup-truck mind meld, the Wall Street Journal now says the two companies are discussing collaboration on a mid-size vehicle platform. The report states that the agreement currently under consideration would have Nissan building mid-size sedans that… »8/07/08 4:00pm8/07/08 4:00pm

Chrysler In Talks To Sell Jeeps In India, Fiats In North America

According to Automotive News, Cerberus is engaged in behind-the-scenes talks with both Tata Motors and Fiat regarding sales and manufacturing linkups. Chrysler wants to use Tata to gain a foothold for its Jeep Wrangler in Indian and Asian markets. More intriguingly, the company is reportedly talking to Fiat about the… »7/31/08 10:40am7/31/08 10:40am

New Chrysler Minivans Selling So Well They're Closing The Factory

Come Halloween, Chrysler will idle its St. Louis South minivan plant indefinitely. And, just so the 1,500 employees at St. Louis South are clear about the meaning of "idle indefinitely," co-president Tom LaSorda said, "We see no intent to rerun this plant. We're idling it and it will likely be fully closed." »7/01/08 11:00am7/01/08 11:00am

Merrill Lynch "Car Wars" Report Claims Cerberus Readying Chrysler For Chop Shop

The new Dodge Challenger is hitting showrooms. The 2009 Dodge Ram launch is scheduled for fall. But it's the sounds of silence after that when it comes to product. What's going on? One influential industry study, the Merrill Lynch "Car Wars" report (yes, that's it's real name), states Chrysler's lack of new product… »6/30/08 10:00am6/30/08 10:00am

Iacocca Arrives At Chrysler As Bankruptcy Rumors Swirl; Time Travel Perfected

Former chairman Lee Iacocca gave a closed pep rally to Chrysler employees yesterday in Auburn Hills, once again sharing the stage with a K-car, a minivan...and rumors of Chrysler's imminent bankruptcy. While current CEO Bob Nardelli was praising Iacocca as "Chrysler's most dynamic leader" and "a great American,"… »6/27/08 10:30am6/27/08 10:30am

Careful With That Axe, Nardelli: Chrysler June Sales Plummet

As further evidence that Cerberus bit off far more than it expected with its purchase of Chrysler last fall, an internal memo revealed to the Free Press shows that the last few months have been even worse than Chrysler expected. In fact, June numbers are showing an industry-wide disaster looming, with total U.S.… »6/18/08 1:20pm6/18/08 1:20pm