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Pinnacle Engines appoints Asian Business Advisory Board; closes Series C financing

Green Car Congress

Pinnacle Engines also announced closure of its Series C financing, bringing total investment in the company to more than $30 million. Phil also held leadership positions at Chrysler and Isuzu and most recently was the CEO of Coda Automotive. Phil is also a member of Pinnacle’s Board of Directors.

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Chrysler Group LLC completes refinancing and repays US and Canadian government loans

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Chrysler Group LLC announced the repayment of $7.6 Today, Chrysler made payments of $5.9 billion to Export Development Canada (EDC) to retire the loans granted when Chrysler Group began operations in June 2009. Today, Chrysler made payments of $5.9 In total, Chrysler Group has paid the UST $6.5 Goldman, Sachs Co.

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Chrysler Group files S-1 for IPO; snapshot of R&D priorities; exploring a light-duty hydraulic hybrid

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Chrysler Group LLC has filed a registration statement on Form S-1 with the US Securities and Exchange Commission (SEC) relating to a proposed initial public offering of common shares. —Chrysler S-1. Chrysler is exploring ways to optimize vehicle weight, aerodynamic drag, tire performance, braking drag and driveline losses.

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Obama Outlines Next Steps for GM and Chrysler

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In a statement livecast on the Internet by the White House, President Barack Obama said that neither of the restructuring plans submitted by GM and Chrysler “ goes far enough to warrant substantial new investment. ”. Chrysler, the President said, is “ more challenging ”. President Obama. President Obama.

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Electrovaya completes C$5M financing; new Office of Chairman

Green Car Congress

completed a financing for C$5 million (US$4.96 This financing provides valuable working capital for future growth, including certain strategic initiatives. Board member of Chrysler Group, joined Electrovaya in March 2010 as a member of the Board Directors. Canada-based Li-ion battery maker Electrovaya Inc. issued to the lender.

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Chrysler Splits Dodge into Ram and Car Brand Organizations

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Chrysler has split the Dodge Brand into two separate organizations: the Dodge Ram Brand and the Dodge Car Brand. Gilles will continue to lead the Product Design organization of Chrysler Group which he joined in 1992. Manley has been with Chrysler since 1998. Veltri started with Chrysler in 1988. Fred Diaz Jr.

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Chrysler LLC to Cut 25% of US Dealers

Green Car Congress

Chrysler LLC will cut 789 (25%) of its 3,181 dealerships in the US, subject to approval by the US Bankruptcy Court. The dealers to be cut represent 14% of the company’s sales volume, according to Chrysler. Chrysler says it plans to maintain business as usual with all of its dealers through the transition.

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