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Chrysler Recalls 870K SUVs Over Brake Defect

Jeep Grand Cherokee, Dodge Durango affected

(Newser) - As GM wrestles with its own deadly safety concerns, Chrysler is issuing a recall of its own. The move affects nearly 870,000 Jeep Grand Cherokee and Dodge Durango SUVs over concerns that corrosion may make the vehicles' brakes harder to use. Model years 2011 through 2014 are involved. Chrysler...

Fiat Nabs Rest of Chrysler— at a Pretty Good Price

Deal will make Fiat world's 7th-largest auto group

(Newser) - America's No. 3 automaker has gone Italian. Fiat yesterday announced it has struck a $4.35 billion deal with the United Automobile Workers retiree health care fund that will see it buy the 41.5% of Chrysler it doesn't own, the New York Times reports. Per the deal,...

Chrysler Files for IPO
 Chrysler Files for IPO 

Chrysler Files for IPO

Valued at up to $100M

(Newser) - The Chrysler Group has filed paperwork for an initial public offering for some of its shares—the first time the company's shares will be publicly traded since 1998, the AP reports. The move comes at the behest of a United Auto Workers retirement trust, which owns 41.5% of...

Chrysler Recalls 2.7M Jeeps
 Chrysler Recalls 2.7M Jeeps 

Chrysler Recalls 2.7M Jeeps

Automaker reverses itself on fire risk

(Newser) - Chrysler avoided a showdown with government safety regulators today, agreeing to recall 2.7 million older Jeep Grand Cherokee and Liberty SUVs that could be at risk of a fuel tank fire. Earlier this month, the company defiantly refused the government's request to recall the Jeeps. But Chrysler now...

Chrysler Refuses to Recall Jeeps Over Fuel Tank Fires

NHTSA urges automaker to recall 2.7M vehicles

(Newser) - Chrysler has rejected the National Highway Traffic Safety Administration's request to recall 2.7 million older Jeeps, saying that it believes the agency's concerns about fuel tank fires are unfounded. The NHTSA asked Chrysler to recall 1993-2004 Jeep Grand Cherokees and 2002-2007 Jeep Libertys after a probe into...

Farmer Ad Was a YouTube Remake
 Farmer Ad Was a 
 YouTube Remake 
Super Bowl Ad Stories

Farmer Ad Was a YouTube Remake

And more fallout from last night's Super Bowl ads

(Newser) - People are still talking about the ads that aired during last night's Super Bowl. Here are some of the stories that caught our eye:
  • Dodge's show-stopping "God Made a Farmer" looked awfully familiar to David Haglund at Slate : It's nearly identical to a ad

2012's Best Value Car? Hint: It's Green and Japanese

Prius dethrones Honda Fit in Consumer Reports rankings

(Newser) - The Prius isn't exactly the cheapest car on the market, but it's the best value for your money, Consumer Reports has concluded. "Like penny stocks, a low purchase price doesn't make a car a good value," the magazine cautions. Toyota's increasingly popular hybrid bumped...

919K Older Jeep SUVs Recalled Over Airbag Issue

SUVs from 2002 through 2004 affected

(Newser) - Chrysler is recalling more than 919,000 older-model Jeep SUVs worldwide because the airbags can inflate while people are driving. The US National Highway Traffic Safety Administration says the recall affects Jeep Grand Cherokees from the 2002 through 2004 model years. Also covered are Jeep Libertys from model years 2002...

Chrysler CEO: No, We're Not Moving Jobs to China

Romney releases controversial ad aimed at Ohio

(Newser) - Sandy can't keep all the politicking tamped down. The latest fuss centers around Mitt Romney's recent comments in Ohio—followed by an ad—about Chrysler and China. "I saw a story today that one of the great manufacturers in this state, Jeep, now owned by the Italians,...

Mitt Takes Credit for Saving Auto Industry

Comments a 'new low in dishonesty,' Obama campaign says

(Newser) - Mitt Romney says he deserves a lot of the credit for saving America's auto industry, despite his vocal opposition to taxpayer help for General Motors and Chrysler in 2008. The Republican, speaking at an auto parts maker in Cleveland yesterday, said Obama followed his lead by allowing both firms...

Chrysler CEO Turns Down Pay for Second Year

Marchionne takes $0 home despite repayment of bailout loans

(Newser) - Chrysler made a $225 million profit last year but its CEO didn't get a penny of it, a regulatory filing reveals. Sergio Marchionne, widely credited with turning around the company's fortunes after its bankruptcy in 2009, declined a salary and bonus for the second year in a row...

And This Year&#39;s Top Super Bowl Ads Were...
 And This Year's Top 
 Super Bowl Ads Were... 
super bowl XLVI

And This Year's Top Super Bowl Ads Were...

Doritos' bungee baby, Clint Eastwood for Chrysler lead the way

(Newser) - Sure, the New York Giants won the game itself, but Doritos was the big winner of the Super Bowl contest that really mattered—the ad race. Doritos' baby bungee scored the most Twitter mentions, a big 48,498 tweets, reports the Wall Street Journal; it also took the top spot...

Chrysler Roars to $225M Profit

Finishes first profitable year since its bankruptcy

(Newser) - Call it a comeback if you want, because it looks like Chrysler is finally back on its feet. Detroit's smallest automaker posted a $225 million profit today to complete its first profitable year since its bankruptcy and bailout in 2009, the New York Times reports. The profit came on...

For Sale: Obama's Chrysler, $1M

300C owned by future president for sale on eBay

(Newser) - Before he helped bail out Chrysler, President Obama drove one. The 2005 Chrysler 300C once leased by the future president is now for sale on eBay —for the not-too-shabby starting bid of $1 million, reports the New York Times . (Note to Chrysler: If you could have made this business...

Car Sales Jumped 14% Last Month

Chrysler, VW saw huge gains

(Newser) - Americans may be worried about the economy, but they still need to get where they’re going. Auto sales beat expectations last month, rising 14% to 994,721, their fastest sales pace since August 2009, reports the AP . Chrysler led the pack: The automaker’s sales jumped 45%, Reuters reports....

Chrysler Suspends Workers Accused of Drinking

Local TV crew films men at nearby park

(Newser) - "Work hard, party harder." Some workers at a Chrysler engine plant in Michigan might use this phrase to describe their ethic, but unfortunately, a local TV crew from WJBK-TV says it filmed only the latter. Chrysler suspended nine employees without pay after they were seen allegedly smoking pot...

US Sells All Its Chrysler Stock to Fiat

The 6% stake will sell for $500 million

(Newser) - The Treasury Department has reached a deal to sell its remaining 6% stake in Chrysler to Fiat for $500 million, making the Italian automaker Chrysler’s majority shareholder with a 52% stake, the Detroit Free Press reports. Fiat will then pay another $75 million for the government’s right to...

Car Crash Victims Screwed by Auto Bailouts

GM and Chrysler were freed from most of their legal responsibilities

(Newser) - When the government bailed out Chrysler and GM, it freed them from most of their prior legal obligations—including billions owed to the victims of crashes involving defective cars, the Wall Street Journal reports. Though the automakers agreed to continue to be liable for new lawsuits stemming from old vehicle...

Chrysler's Big News: We Repaid Bailout Loan

Announcement coming tomorrow at Michigan plant

(Newser) - Chrysler will announce with some fanfare tomorrow the repayment of $7.5 billion in bailout loans from the US and Canadian governments. CEO Sergio Machionne will announce the milestone tomorrow alongside White House manufacturing adviser Ron Bloom at Chrysler’s Sterling Heights, Michigan, plant, the Wall Street Journal reports. Chrysler...

Obama Should Campaign on Auto Bailout
Obama Should Campaign
on Auto Bailout 

Obama Should Campaign on Auto Bailout

Some Republicans were ready to let GM, Chrysler die: Jonathan Cohn

(Newser) - Barack Obama reportedly plans to make the auto bailout a key part of his reelection campaign, and Jonathan Cohn of the New Republic thinks that’s a great idea. Chrysler and GM are in much better shape, he argues—GM in particular is “reporting big profits, it is winning...

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