Home » Features » Companies » Chrysler LLC

Chrysler LLC

About Chrysler LLC

Chrysler LLC is an American car manufacturer.

Chrysler, in December 08, announced it will be closing its vehicle plants in America for a period of one month to match demand and conserve cash. On January 2, 2009, the US Treasury Department is reported to have supplied a $4 billion loan that was necessary to keep it operating. During early 2009, Chrysler LLC said it is cutting vehicle model lines and getting rid of jobs. The company reported having lost $8 billion in 2008 and asked the Government for $5 billion more to come out its crisis. Its Indiana Transmission Plant II (ITP II), located in Kokomo, Ind., has been awarded the 2008-2009 Shingo Silver Medallion.

In May 09, the company announced it will be cutting franchise agreements with about 800 dealers.


Chrysler filed for bankruptcy protection April 30. On May 31, 2009, a bankruptcy judge, Judge Arthur Gonzalez of U.S. Bankruptcy Court, New York approved the sale of most of Chrysler's assets to a group led by Italian automaker Fiat making the step ahead in the Chrysler's Chapter 11 process. The ruling could help Chrysler meet President Obama's goal of completing the bankruptcy procedure within 60 days. Chrysler has franchiese agreements with 789 dealerships who along with their employees will have tough times ahead.

Chrysler LLC in News

SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders With Losses on Their Investment in Capstone Turbine Corporation of Class Action Lawsuit and Upcoming Deadline - CPST
Pomerantz LLP announces that a class action lawsuit has been filed against Capstone Turbine Corporation ("Capstone" or the "Company") (NASDAQ: CPST) and certain of its officers

Jan Bertsch Joins O-I as Chief Financial Officer

Ohio Benefits From Auto and Energy Activity in the Form of Increased Capex at Industrial Plants, an Industrial Info News Alert
Researched by Industrial Info Research (Sugar Land, Texas) -- U.S. auto sales are up again this year, including a 13% increase in March 2012 over last year. Detroit automotive manufacturers have recovered and are investing in new facilities. Chrysler LLC (Auburn Hills, Michigan), for example, is spending $500 million to expand the North Liberty Assembly Plant in Toledo, Ohio

ATCO Expands in Australia
ATCO Group today announced the creation of a new company - ATCO Australia. The company will provide a full range of energy and infrastructure services, capitalising on the strength of the Australian economy. Based in Perth, ATCO Australia will be led by Managing Director & Chief Operating Officer, Steven J. Landry.

Comment on this story