Chrysler, Automaker | featured news

Chrysler Group LLC is expected to announce today that it will repay about $7.5 billion in U.S. and Canadian government loans on May 24 -- about a month earlier than it recently said, and years ahead of the original schedule.

Chrysler Group LLC reported its first quarterly net profit since emerging from bankruptcy nearly two years ago, helped by a revamped lineup of cars and trucks as well as higher vehicle prices.

Sunday’s Super Bowl game saw a powerful ad air for U.S. automaker Chrysler — a company desperately in need of some serious buzz.

General Motors and Chrysler are beginning to make some headway after getting a financial and operational overhaul compliments of the U.S. bankruptcy court.

But Chrysler Group said its August sales rose 7 percent thanks to the Jeep Grand Cherokee.

The president proclaims the government's support of domestic automakers a success story in a pair of Michigan stops.

Chrysler Group LLC will offer consumers a 60-day, money-back guarantee on new vehicles and also make the first two months of payments for buyers, as it tries to shore up sales amid lackluster consumer confidence.

Chrysler is recalling more than 683,000 Jeep Wranglers and Chrysler and Dodge minivans for brake or wiring problems.

Chrysler Group LLC lost a staggering $3.8 billion from the time it left bankruptcy protection June 10 through the end of last year, but the automaker says its fortunes have improved.

Chrysler Group LLC Chief Executive Sergio Marchionne reiterated that the auto maker "intends to break even" on an operating basis this year and will hit its target of selling 1.1 million new vehicles in the U.S.