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Chrysler sues 7 Detroit dealers over disputed letters of intent
30 Jul 2010 at 1:41pm
Chrysler 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
30 Jul 2010 at 5:22am
President 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
30 Jul 2010 at 9:44am
Chrysler said its assembly plant in Sterling Heights, Mich., scheduled to close sometime in 2012, will remain open after that time.
GM to boost Volt output 50 percent for 2012 on buyer demand
30 Jul 2010 at 12:00pm
GM said buyer interest in the new Chevrolet Volt has prompted the automaker to boost 2012 production plans for the plug-in hybrid to 45,000 units from 30,000.
Non-Chrysler dealers may get Fiat franchises
30 Jul 2010 at 2:08pm
Some non-Chrysler Group dealers may receive franchises to sell Fiats, according to Sergio Marchionne, CEO of Fiat and Chrysler. Fiat franchisees could also get the Alfa Romeo franchise, which will return to the United States in 2012.
Visteon union seeks bigger role in exit plan vote
30 Jul 2010 at 2:02pm
A union for Visteon Corp. retirees is seeking greater influence over the auto parts maker's bankruptcy exit plan, saying it has a claim for $100 million that entitles it to more votes on the proposal.
Ford expects slight boost in July sales, thanks to F-series
30 Jul 2010 at 1:21pm
Ford said sales of new light vehicles in July will trump results in the year-ago period, largely due to increased demand for the F-series pickup. In July 2009, Ford sold 158,838 vehicles.
BorgWarner sees record earnings in 2010
30 Jul 2010 at 7:46am
Auto parts maker BorgWarner posted stronger-than-expected quarterly earnings and raised its full-year earnings forecast due to stronger vehicle output in North America, Europe and China.
Lithia to pass on Fiat stores
29 Jul 2010 at 10:01pm
Lithia derives almost 30 percent of its sales from Chrysler Group brands but doesn't plan to seek much Fiat business as the Italian automaker prepares to reenter the U.S.market.
Denso lifts profit forecast on global auto rebound
30 Jul 2010 at 4:56am
Japan's biggest auto parts maker swung to a profit in the latest quarter and cited recovering markets in North America and Asia for its improved outlook.
