Carpocalypse
Fiat has completed their purchase of Chrysler, clearing the way for the troubled automaker to exit bankruptcy — but what will the new company look like for consumers? Well, according to
BusinessWeek you may be visiting your local Fiat, Jeep, Dodge dealer.
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chrysler
President Obama announced today that Chrysler would seek bankruptcy protection and enter into an alliance with Fiat. The president told reporters that a "small group of speculators" made up of hedge funds and other investors held out in the hopes that the US government would bail them out. That didn't happen.
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auto bailout
It now seems much more likely that Chrysler will avoid bankruptcy. BusinessWeek says that Chrysler and the US Treasury have reached a deal with the banks and private equity firms that hold Chysler's debt.
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auto bailout
With a week to go before the deadline runs out on
Chrysler's bailout — it's looking less and less likely that the automaker will be saved from liquidation.
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auto bailout
In accordance with the March 31st deadline for evaluating the restructuring plans of the bailed out automakers, President Obama is expected to address the nation today to present his administration's findings — and the news isn't too sunny for the automakers.
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auto bailout
The
Wall Street Journal is reporting that Italy's
Fiat will take a stake in Chrysler that may lead to a takeover — as soon as today.
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security
Researchers have figured out a way
to hack remote keyless car entry devices. The threat to the consumer is minimal, it takes several hours to crack the code, but it does give one pause, especially considering that if the Keeloq's manufacturer added a few simple measures they could render the exploit nearly useless.
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Consumerist
What will the post-bankruptcy Chrysler mean for us, the car-buying public? Consumer Reports Cars has the info, including repair and warranty information, and a preview of the new models to come from Chrysler, Dodge, Jeep, and Fiat. One highlight is the teeny subcompact Fiat 500. [Consumer Reports Cars]
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