FCA US has reduced its powertrain coverage for 2016 model-year gasoline-powered vehicles. General Motors also made a change to its powertrain warranty earlier this year.
According to a report released by the U.S. Treasury Department this week, the government lost more than $9 billion on its bailout of General Motors Corp., Chrysler LLC and auto lending arms Ally Financial Inc. and Chrysler Financial.
The spring thaw helped new-vehicle sales rebound in March, with the seasonally adjusted annual rate rising from last March’s 15.3 million rate to 16.4 million.
Fiat completed its acquisition of all of the VEBA Trust’s membership interests in Chrysler Group LLC. Chrysler Group is now a wholly-owned subsidiary of Fiat.
JPMorgan Chase is expected to underwrite the initial public offering for Chrysler Group, CNBC reported this week.
Santander will officially become Chrysler Group’s captive lender on May 1. The financial services company will establish a separate business unit dedicated to Chrysler and its dealers.
According to a report from The Wall Street Journal , the Chrysler Group could pen a deal with Banco Santander in the next couple of weeks.
Chrysler Group LLC is now offering service contracts under the Mopar Vehicle Protection name.
Tim Parker Chrysler Dodge Jeep Ram in Hot Springs, Ark., is one of 30 dealerships that Chrysler Group LLC recognized today for their commitment to environmentally friendly and energy-efficient business practices.
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