Jun 5, 2011
Audi R8 GT Spyder, Nissan Leaf sales suck, and Obama cashes out of Chrysler
1st Gear: Italian automaker Fiat agreed late Thursday to acquire the U.S. Treasury’s stake in Chrysler Group for $560 million, ending the Obama administration’s involvement with the Auburn Hills automaker. The move gives the Italian automaker a 52% majority stake in Chrysler. The U.S. exit ends a 30-month involvement of two administrations in saving the company from collapse, beginning... read more
Aug 2, 2010
Chrysler: Sterling Heights plant stays open
Chrysler’s plan to keep a Sterling Heights assembly plant open and add nearly 900 jobs is more than a shot in the arm to workers who would fill the spots. It’s a sign the company is making a resurgence — something auto industry insiders said could boost confidence and lead to more work for suppliers. For Phil Leonard, plant manager at Punch Tech in Marysville, Chrysler’s... read more
