Tag Archive for 'Sterling Heights'Chrysler to buy Sterling Heights plant February 19th, 2010 by DaveAdmin
The current Chrysler Group LLC has reached an agreement with the “Old Carco” to buy the Sterling Heights assembly plant, where the Dodge Avenger and Chrysler Sebring are made. The selling price is $20 million, at the high end of estimates of the plant’s worth, with the sellers likely taking advantage of Chrysler’s need for [...] Share
Chrysler hopes to buy one plant, sell another February 17th, 2010 by Bill Cawthon
Chrysler Group received a two-week extension from the city of Sterling Heights to complete a purchase of the Sterling Heights Assembly Plant (SHAP) from Old CarCo. The automaker had been given a deadline of February 16 to complete the purchase and qualify for $8.2 million in tax abatements but requested the extra time due to [...] ShareChrysler asks Sterling Heights for more time February 16th, 2010 by Bill Cawthon
Chrysler Group is asking the city of Sterling Heights for another extension of the deadline for the purchase of the Sterling Heights Assembly Plant. At stake are millions of dollars in tax abatements the company hopes to preserve. Chrysler negotiating to buy SHAP? February 3rd, 2010 by Bill Cawthon
Sources claim that Chrysler is negotiating with Old CarCo and the U.S. Bankruptcy Court to buy the Sterling Heights Assembly Plant. The move would save some 1,200 jobs that would otherwise have been eliminated at the end of this year. Former Chrysler bankruptcy moves forward January 21st, 2010 by DaveAdmin
The old Chrysler, Old Carco or Chrysler LLC (as opposed to Chrysler Group LLC), has had its bankruptcy process moved forward as Judge Arthur Gonzalez approved the company’s disclosure statement and voting process for liquidation. Sterling Heights addressed in Freep interview January 15th, 2010 by DaveAdmin
The Detroit Free Press asked Sergio Marchionne about the future of the Sterling Heights Assembly Plant, which sits on Van Dyke road a few miles north of the Warren plant, and currently makes the Sebring and Avenger. Marchionne suggested that the company could do without Sterling Heights (observers have suggested that with common platforms, any [...] Share |
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