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US auto industry's downfall

Chrysler completes sales of assets to Fiat

Chrysler LLC, the third largest U.S. automaker that filed for bankruptcy protection at the end of April, has completed its sales of assets to a new group headed by Italian auto giant Fiat, allowing for the formation of a new automaker -- Chrysler Group LLC. Full story

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Obama unveils auto bailout plan

U.S. President Barack Obama announced a plan to help the nation's struggling auto industry restructure for the future, preventing its "sudden collapse."

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GM hoping for speedy sale and exit from Chapter 11

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Obama: Nationalization of GM to be short-term

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Chrysler Woes

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Chrysler completes sales of assets to Fiat

2009-06-11 02:29:35 GMT Xinhua English CHICAGO, June 10 (Xinhua) -- Chrysler LLC, the third largest U.S. automaker that filed for bankruptcy protection at the end of April, has completed its sales of assets to a new group headed by Italian auto giant Fiat, allowing for the formation of a new automaker -- Chrysler Group LLC.

Fiat closes deal to take Chrysler's good assets

2009-06-10 14:31:32 GMT SINA.com DETROIT – Italy's Fiat is the new owner of the bulk of Chrysler's assets, closing a deal Wednesday that saves the troubled U.S. automaker from liquidation and places a new company in the hands of Fiat's CEO.

U.S. Supreme Court allows Chrysler sale to Fiat

2009-06-10 01:20:11 GMT Xinhua English WASHINGTON, June 9 (Xinhua) -- The U.S. Supreme Court on Tuesday rejected a request to block the sale of ailing U.S. automaker Chrysler to Italian automaker Fiat, clearing the way for the U.S. government-backed sale.

Chrysler's creditors make last-ditch effort to block Chrysler-Fiat deal

2009-06-08 03:27:39 GMT Xinhua English CHICAGO, June 7 (Xinhua) -- The U.S. automaker Chrysler LLC's creditors have decided to file a last-ditch appeal with the U.S. Supreme Court in their bid to block the company from selling its good assets out of bankruptcy court to a group headed by Italy's Fiat SpA.

Government Efforts

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GMAC receives $7.5 billion in new Treasury aid

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