Chrysler and Nissan today issued a joint announcement stating the two automakers have mutually agreed to end the three OEM vehicle supply projects announced last year. The projects included a Nissan compact sedan to be badged as a Chrysler for sale in the South American market this year, another small car for sale as a [...]
Chrysler is under investigation by the state of Indiana. A spokesman for Indiana Secretary of State Todd Rokita confirmed the state is looking into possible securities fraud relating to the failed joint venture with Getrag Transmission LLC.
Under the joint venture, a $530 million transmission plant, located in Tipton County, south of Kokomo, Indiana, would have [...]
Beijing Automotive Industry Co. (BAIC) today denied media reports it has been talking to Chrysler LLC about purchasing certain assets or technology.
A report appeared in the Chinese Business News, which cited an unnamed Beijing Auto executive as its source, said BAIC was interested in buying some of Chrysler’s manufacturing facilities as was looking to the [...]
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