Scoopful of Chrysler News – April 25, 2009: Signs of life; ticking clock; debt reduction; Fiat magic; No love from Hyundai
(Source: CNN; TreeHugger; Jalopnik ; Autoblog ; AutoblogGreen)
Chrysler reaches key Canada labor accord Tentative agreement, aimed at cutting costs and keeping automaker out of bankruptcy, to be presented to workers for ratification.
Time running out on Chrysler The embattled automaker has one week to reach deals with Fiat, unions and banks, raising doubts it can avoid bankruptcy and a shutdown.
Chrysler lenders will cut debt – source The automaker’s first-lien lenders will reduce remaining debt to $3.75 billion from nearly $7 billion.
Fiat Working on Advanced Hybrid Drivetrain for Small Cars…Technology with Chrysler According to an article in an Italian magazine (via our friends at ABG), Fiat is working on a hybrid drivetrain that could be fitted to its small cars, like the Fiat 500. But even more interesting for us North-Americans, Fiat would apparently be willing to share that hybrid technology with Chrysler, if the deal between t…
Fox Car Report Live: Ford Fiesta, Chrysler Bankruptcy [Official Car Pundit Drinking Game] …imaginary Chryslers on conservative cable channel website. [Fox Car Report Live]
PSA: In case you were wondering, Hyundai apparently has no interest in taking a stake in a bankrupt GM…Motors and Chrysler called off negotiations regarding a possible merger, news began circulating across the internet that Hyundai might be interested in snatching the Pentastar brand away from Cerberus. Those rumors were flatly denied by the Korean automaker.Now that things have gotten progressively worse for the two storied American companies, m…
Chrysler now taking orders for Peapod NEV, or so we hear …d think Chrysler wouldn’t want to limit any potential income sources these days, but what do I know about running a car company. We’ve put in a call to Peapod to see what the deal is and will let you know if we hear anything. For now, we can remind anyone who’s interested in plunking down $12,500 or so that the Peapod is a zero tailpipe emission…
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