Reuters is reporting that talks between Chrysler and Renault-Nissan have picked up steam in recent weeks and could include the sale of the iconic brand.
The string of potential deals would deepen ties between Chrysler LLC and two of its key current partners but could also mark the end of the struggling No. 3 U.S. automaker as an independent venture.
Jan 13, 2009 11:01 PM
From the company:
The architectural renderings of the plant show an integrated assembly, paint and body shop, with a full-scale training center located immediately adjacent to the facility. The training center, developed in conjunction with Chattanooga State Community College, will include a lean/corporate training center, a basic training center focused on the production processes, an advanced training center focused on the automotive components, an apprenticeship training center and a conference center. The training facility is scheduled to be completed by the 3rd quarter of 2009.
Jan 12, 2009 1:27 PM
"We have kept our promise," said Chairman Martin Winterkorn, telling reporters at the Detroit Auto Show that the Volkswagen Group sold more than 6.2 million cars in '08. In another story, Winterkorn responds to the doubters who continue to think his company will back off its commitment to build in Chattanooga.
Jan 11, 2009 9:11 PM
A spokeswoman says the auto manufacturer is "taking appropriate steps" regarding developments at Satyam, the Indian IT firm whose founder and chairman resigned this week after admitting fraud. Nissan is in year three of a five-year deal with Satyam.
Jan 9, 2009 3:38 PM
The car maker is laying off 800 people and not renewing the contracts of another 400 temporary workers in Sunderland.
"Like all manufacturers, Sunderland Plant is currently operating in extraordinary circumstances not of our making," Trevor Mann, the company's senior vice president for manufacturing, Europe, said. "It is essential we take the right action now to ensure we are in a strong and viable position once business conditions return to normal."
Jan 8, 2009 1:12 PM
The car maker has brought on board two veteran attorneys with Miller & Martin.
Mark Greene, a Nashville lobbyist who represents the Tennessee Lobbyist Association, said Volkswagen "was regarded by most of the lobbying community as a plum client. A number of firms pursued it."
Jan 5, 2009 10:16 AM
A spokesman for the auto giant tells Investor's Business Daily it expects to come back for more early in 2009.
"It is our anticipation that working with the new Congress and administration, we'll be able to further shore up our liquidity needs through 2009," Martin said. He described the current loans as "an interim measure."
Dec 28, 2008 7:42 PM
A GM closure south of town would result in more than 30,000 lost jobs, says the executive director of University of Tennessee's Center for Business and Economic Research.
The number of supplier and spin-off jobs created by auto-manufacturing can, in some states, reach as high as 10 for every worker in an auto-manufacturing plant.
Dec 22, 2008 7:35 AM
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