Jeep Cherokee could soon arrive in India
Market sources say that Jeep Cherokee could soon arrive in the Indian market.
Tata Motors could sell this model through their collaboration with Fiat which now owns a stake in Chrysler.
Jeep Cherokee could be assembled at the company’s plant in Ranjangaon near Pune.
It remains to be [...]
Chrysler Group starts leasing cars again
Chrysler Group has announced that they are all set to start leasing cars again.
The company took a one year long break from this segment of the market.
Chrysler said that they would re-enter this market from today.
It would be managed by their preferred finance company, GMAC Financial Services.
The [...]
Toyota gained most from the US Cash-for-Clunkers program
The Cash-for-Clunkers ended earlier this week in the US market and we now have some details.
Japanese automaker Toyota was the prime gainer from this program.
The company accounted for 19% of all sales during the period and had two of the top three selling models.
US government [...]
Nissan and Chrysler end their collaboration
Nissan and Chrysler have announced that they are now ending their collaboration on developing cars and trucks.
The two companies said in a statement: “For the past several months teams from both companies have been studying the viability of the projects in light of significant changes in business conditions. Today, it [...]
Fiat gets approval to acquire Chrysler
The European Commission has given its approval to Fiat to acquire Chrysler.
EU said in a statement that they are confident that the deal would not hurt competition in the European markets.
European Commission added in a statement: “The Commission’s examination of the transaction showed that the horizontal overlaps between the [...]
Steven Rattner quits from US auto task force
Steven Rattner has announced his decision to quit from the auto task force created by the US government.
He was one of the men responsible for helping Chrysler and General Motors during bankruptcy period.
Rattner said that there is little need now for daily interaction with auto industry [...]
Fiat is interested in Opel
Fiat chairman Luca Cordero di Montezemolo has confirmed that they are interested in the Opel brand.
He said that Opel could become an ideal partner for the company. He added that they now have an extraordinary opportunity to purchase this brand.
Incidentally, they are already in the process of acquiring Chrysler [...]
Ford: We do not need government loans for survival
GM and Chrysler both have received bailout money from the US government.
Ford on the other hand has said that they have enough liquidity to fund its restructuring plan.
Ford CEO Alan Mulally said in a statement: “We don’t want to borrow any more money. We have [...]
Jeep Cherokee might land in India!
Fiat has just gained a 35% stake in the US based automaker Chrysler.
This might enable Fiat to bring some iconic models from Chrysler to the Indian market.
One of the models being rumored to be heading towards India is the Jeep Cherokee.
Fiat’s global spokesman Gualberto Ranieri had this to [...]
Tokyo Motor Show loses Ford and Chrysler
US based automakers Ford and Chrysler have announced that they would not be participating in the upcoming Tokyo Motor Show.
GM is also said to be close to announcing their decision to not participate in this trade show.
Ford said in a statement on this development: “At this time, [...]
