Video: New York Auto Show - Jeep Grand Cherokee 2011 [Ralph Gilles, Vice-President Design]

Video: New York Auto Show - Chrysler Press Conference [Fiat 500 & Jeep Grand Cherokee 2011]

As Fiat CEO Sergio Marchionne flies to Detroit for more talks, Chrysler Vice-President Jim Press has said that the carmaker may struggle to wrap up the deal with Fiat within the 30-day time allocated by the Obama Administration

Chrysler has announced the launch of a supplier support programme; however the endorsement of key creditor banks offers a first hint that they might be favouring supporting its alliance with Fiat over the option of bankruptcy

Chrysler LLC Vice-President Jim Press surprised the media during the opening of the New York Auto Show yesterday by driving onto the stand to kick off the Chrysler press conference at the wheel of a bright blue Fiat 500

Fiat's potential partner Chrysler LLC introduced today an all-new line of V6 engines that will improve fuel efficiency up by 8 percent and is of significance to Italian car enthusiasts as it may find its way into future Alfa Romeo models

Chrysler LLC's Jeep brand has today announced the all-new Grand Cherokee (2011) SUV which will be a key new model introduction in the proposed global alliance with Fiat that will aim to turn the carmaker's waning fortunes around

Fiat's potential partner Chrysler LLC is pushing forward with plans to introduce electric vehicles and has signed agreement with A123Systems to supply Lithium ion battery cells and jointly developed battery modules and battery packs

As Chrysler and Fiat race to put their alliance in place there has been some slight light at the end of the tunnel in Chrysler's collapsing car sales as last month they breached the 100,000 unit mark for the first time in six months

The US Treasury Department is leading talks with Chrysler's creditors to take equity stakes as it battles to achieve the list of demands set down by President Obama within the 30 days deadline set for the deal with Fiat to be realised

With the clock ticking down on a 30 day deadline to forge a deal with Chrysler, Fiat's senior management led by CEO Sergio Marchionne are in Michigan now hammering away at the details of one of auto industry's most groundbreaking deals

"It will present an extraordinary opportunity," said Fiat Group President Luca di Montezemolo in a statement today "having access to a major network such as Chrysler’s we will be able to enter the U.S. market with automobiles

Fiat CEO Sergio Marchionne issued a statement this afternoon to express his satisfaction after US President Obama indicated earlier in the day that his administration will support Chrysler's on-the-table proposal to form an alliance with Fiat

Presidential Auto Task Force - Auto Restructuring Fact Sheet: After extensive consultation, the Administration has determined that Chrysler has not demonstrated that it can achieve long-term viability as a stand-alone company

Presidential Auto Task Force - Chrysler Determination of Viability (Summary): After substantial effort and review it is concluded that the Chrysler plan is not likely to lead to viability on a standalone basis and that Chrysler must seek a partner

We are pleased that Chrysler, Fiat and Cerberus have reached agreement," say Chrysler CEO Bob Nardelli, "Chrysler has consistently said that the alliance with Fiat enhances its business model that expands its global competitiveness"

The US Treasury Department's auto task force confirmed today that striking a deal with Fiat represents Chrysler's last chance of survival although it believes that there is a huge amount of work to be done to turn this option a practical proposition

Off the record comments say that Chrysler will be given 30 days to strike a deal with Fiat otherwise no more aid will be forthcoming, although the Auto Task Force has dismissed the US carmaker's current viability plans as unrealistic

During a meeting of Fiat shareholders yesterday Group CEO Sergio Marchionne continued to emphasise the value of the proposed alliance with Chrysler LLC, saying that it could potentially bring 'great benefits' to the Italian carmaker

Fiat has done everything it possibly can to satisfy the US government that its proposed alliance with Chrysler LLC is the best way forward for the ailing American automaker, that is the view of Fiat Group CEO Sergio Marchionne

Video: Chrysler website - Why Fiat Works [revised]

Fiat Group has responded very quickly to contradict comments made in an interview with Chrysler CEO Bob Nardelli that Fiat would assume 35 pct of the ailing American automaker's debt to the US government if the deal goes through

Fiat has hired Virginia-based Environ Holdings Inc to conduct a thorough safety and environmental review of Chrysler LLC's array factories and facilities this week and assess the liabilities that could arise if the deal goes ahead

Chrysler LLC CEO Robert Nardelli believes the ailing carmaker can survive with or without the help of Fiat and that the proposed deal with the Italian firm will be worth between US$8 and US$10 billion in terms of the technology it brings

The US Treasury Department is still open minded about whether or not it will approve the proposed alliance between Chrysler LLC and Fiat according to the top official leading the Obama administration's auto task force

Fiat CEO Sergio Marchionne was upbeat about the prospects of forging a meaningful alliance with Chrysler LLC after a face-to-face meeting with the US Treasury's department's automotive task force in Washington this afternoon