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Chrysler Launches No Payments for 90 Days Incentive

Chrysler Group introduced a new incentive program Wednesday to help it sell more vehicles. The automaker, whose brands include Dodge, Jeep, Chrysler and Ram, is letting buyers postpone their monthly car payments for the first 90 days. The incentive, which expires Sept. 16, is good on all 2011 and 2012 Chrysler Group vehicles, excluding FIAT. Chrysler’s no payments for 90 days deal is in addition to zero-percent financing up to 60 months on most Chrysler, Jeep, Dodge and Ram ... continue reading»

Tags: News, Chrysler, Dodge, Jeep, FIAT, car deals, new car incentives, Ram

U.S. Sells Remaining Chrysler Shares to FIAT

The U.S. Treasury announced Thursday it has sold the rest of its shares of Chrysler Group LLC to Italian automaker FIAT. This move makes FIAT the majority owner of Chrysler, with a 53.5 percent stake, The Detroit News reports. “With today's closing, the US government has exited its investment in Chrysler at least six years earlier than expected,” Assistant Secretary for Financial Stability Tim Massad says in a statement released Thursday. The Treasury department says it received ... continue reading»

Tags: News, Chrysler, FIAT

Fiat Purchases Remaining Stake in Chrysler from U.S. Treasury

The U.S. Treasury announced Thursday it will sell its remaining 6 percent stake in Chrysler Group LLC to Italian automaker Fiat. Fiat will purchase 98,461 shares of Chrysler Group for $500 million. Once the sale is complete, the U.S. Treasury says it will have “fully exited its TARP investment in Chrysler Group LLC.” TARP (Troubled Asset Relief Program) is a program where the U.S. government purchases troubled assets and equity from banks and other financial institutions ... continue reading»

Tags: News, Chrysler, FIAT

Chrysler Pays Back Government Loans

In an effort to eliminate high-interest debt and regain consumer confidence, Chrysler CEO Sergio Marchionne announced yesterday that Chrysler has repaid its $7.6 billion debt to the U.S. and Canadian governments. “The early repayment, about six years ahead of schedule, is expected to save Chrysler $300 million or more a year in interest charges,” Edmunds reports. Additionally, Fiat increased its stake in Chrysler by $1.27 billion, which increases its share of the automaker from 30 to 46 ... continue reading»

Tags: Industry News, Chrysler, FIAT, Model News

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