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Automotive Breaking News- Chrysler sues 7 Detroit dealers over disputed letters of intent July 30, 2010Chrysler Group has sued seven Detroit area dealerships in an attempt to gain legal support for the letters of intent it has given dealers reinstated through arbitration. Dealers have challenged the terms of those letters as onerous and unfair.
- Obama: Auto industry revival justifies bailouts July 30, 2010President Barack Obama, in the heart of the U.S. auto industry, told a crowd of workers that the government bailouts of General Motors Co. and Chrysler Group LLC are giving taxpayers a return on their investment.
- Chrysler to keep Michigan plant open after 2012, add 900 jobs next year July 30, 2010Chrysler said its assembly plant in Sterling Heights, Mich., scheduled to close sometime in 2012, will remain open after that time.
- Chrysler sues 7 Detroit dealers over disputed letters of intent July 30, 2010
- Latest Auto Industry Articles
- Fragmented Chinese industry will consolidate -- someday
July 30, 2010At present, 85 manufacturers in China are churning out vehicles carrying 63 different brands. Given such a high level of fragmentation, is the industry ready for consolidation? The answer is not yet.
- Fragmented Chinese industry will consolidate -- someday
July 30, 2010