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Chrysler Group LLC

FCA Rolls Back Powertrain Warranty

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.

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Government Loses $9.26 Billion on Auto Bailout

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.

Industry Records 1.4% Sales Increase in March

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 Completes Acquisition of Chrysler Group

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.

CNBC: JPMorgan Likely to Lead Chrysler IPO

JPMorgan Chase is expected to underwrite the initial public offering for Chrysler Group, CNBC reported this week.

Chrysler Capital Goes Live on May 1

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.

Chrysler Considering Banco Santander as Captive, The WSJ Reports

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.

Chrylser Group Offering Mopar-Branded VSCs

Chrysler Group LLC is now offering service contracts under the Mopar Vehicle Protection name.

Chrysler Recognizes 30 Green Dealers

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.