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Chrysler recalls 8,000 vans with acceleration problem

US automaker Chrysler is recalling about 8,000 large vans due to a problem with the acceleration pedal that can limit driver control and increase the chance of an accident. Chrysler, now part of Italian car giant Fiat Chrysler Automobiles, said the recall affects 7,935 Ram Promaster cargo vans manufactured between July 1, 2013 and December 10, 2013 and sold in the United States, according to the recall notice posted Wednesday.

New Canada aid for auto sector not just for Chrysler: minister

OTTAWA (Reuters) - The additional C$500 million in subsidies for the Canadian auto sector announced by the Canadian government is not aimed solely at Chrysler Group, which recently requested funding, Finance Minister Jim Flaherty said on Wednesday. Flaherty included the extra help for the sector in his budget on Tuesday. "The money that's been set aside in the Auto Innovation Fund is not just for Chrysler, it's for some of the other automotive companies in Canada," Flaherty told reporters.

Chrysler Group repays $5bln debt to VEBA trust

MILAN (Reuters) - Fiat Chrysler <FIA.MI> said on Monday that its Chrysler Group unit closed a deal to raise debt worth $5 billion to repay early an existing bond issued to healthcare trust VEBA. Fiat reiterated that the refinancing would reduce debt-servicing costs by about $134 million between 2014 and 2016.

Chrysler Group repays $5bln debt to VEBA trust

MILAN (Reuters) - Fiat Chrysler <FIA.MI> said on Monday that its Chrysler Group unit closed a deal to raise debt worth $5 billion to repay early an existing bond issued to healthcare trust VEBA. Fiat reiterated that the refinancing would reduce debt-servicing costs by about $134 million between 2014 and 2016.

Chrysler recalls 9,655 vans in North America for accelerator issue

DETROIT (Reuters) - Chrysler Group LLC said on Friday it is recalling an estimated 9,655 full-size vans in North America to replace a part that could lead to the accelerator pedal getting stuck in the wide open position. About half the affected 2014 Ram ProMaster vans are still on dealer lots and cannot be sold until they are repaired. Owners will be notified of the recall, which will be done at no cost, Chrysler said.

Chrysler 4Q net earnings rise on strong US sales, one-time tax benefits

DETROIT - Chrysler and Fiat will be known as Fiat Chrysler Automobiles NV as they move forward together as a single company. Fiat's board of directors agreed on the new name Wednesday, with headquarters for tax purposes in the United Kingdom. But the board sidestepped the thorny political issue of whether the true headquarters would be in the United States or Italy.

Chrysler sets price guidance on $2 billion refinancing loan

By Natalie Wright and Michelle Sierra NEW YORK (Reuters) - Chrysler Group LLC <UAWREC.UL> set pricing guidance on a $2 billion term loan as part of a $4.7 billion refinancing of the company's VEBA Trust note, sources said. The JP Morgan-led loan is split between a $250 million incremental term loan B that will be combined with the company's existing term loan B due May 2017, and a new $1.75 billion term loan B maturing in December 2018. The loans are expected to price at LIB+275, with a 75bp Libor floor.

Fiat, Chrysler CEO says Detroit-area car plant to shut 30 days

MILAN/DETROIT (Reuters) - Chrysler and Fiat SpA <FIA.MI> Chief Executive Officer Sergio Marchionne said on Wednesday the Sterling Heights, Michigan, car assembly plant will be shut for 30 days to prepare the Detroit-area plant for production of the new version of the midsize sedan Chrysler 200. The new car, which is key to Chrysler's return as a viable competitor in the big U.S. midsize sedan market, will begin selling near the end of the first quarter, Marchionne said.

Fiat Chrysler to hold Brazil market share in 2014: CEO

MILAN (Reuters) - Fiat Chrysler Automobiles <FIA.MI> expects to hold its market share in Brazil in 2014, which it expects to be a year of transition, Chief Executive Sergio Marchionne said on Wednesday. "We will hold our position in 2014," Marchionne told analysts in a conference call following the release of fourth-quarter earnings. He added that with the opening of a new plant in 2015 he expected the company to produce models that better match market demand. (Reporting by Stefano Rebaudo and Agnieszka Flak)

Fiat, Chrysler CEO says Detroit-area car plant to shut 30 days

MILAN/DETROIT (Reuters) - Chrysler and Fiat SpA <FIA.MI> Chief Executive Officer Sergio Marchionne said on Wednesday the Sterling Heights, Michigan, car assembly plant will be shut for 30 days to prepare the Detroit-area plant for production of the new version of the midsize sedan Chrysler 200. The new car, which is key to Chrysler's return as a viable competitor in the big U.S. midsize sedan market, will begin selling near the end of the first quarter, Marchionne said.
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