Fiat Chrysler Automobiles (FCA) has recalled a further 7,810 Jeeps affected by a widely reported bug that allows an attacker to wirelessly seize control of the vehicle.
Chrysler and Fiat are denying Sergio Marchionne told analysts and potential investors they would be better served not investing in the Chrysler IPO if the smallest of the Big Three automakers completes a public offering of stock.
JPMorgan, the bank that lost almost $2bn during Chrysler Group’s 2009 bankruptcy, is now its chief advisor as the automaker’s two owners haggle over its value.
Chrysler filed for an initial public offering on Monday, in a move that will put all three US car giants back on the stock markets after their brushes with disaster.
After a public disagreement that threatened to blow up into a larger battle, Chrysler said Tuesday it has agreed to recall 2.7 million Jeep vehicles that the National Highway Traffic Safety Administration said could potentially erupt into fire if rear-ended.
In a highly unusual move, Chrysler is fighting a request from the federal government to recall 2.7 million Jeep vehicles over concerns the fuel tank may leak and contribute to deadly fires.
Of all the genres of US television advertising, we admit that our favorite is the post-bailout thank you – the PBTY, if you will.
America's big automakers enjoyed bumper sales in August as US consumers snapped up new cars and gave a boost to President Barack Obama's bailout of the industry.
Chrysler Group LLC Chief Executive Officer Sergio Marchionne talks about the impact of Japan's earthquake on production.