The news of the U.S. government's full support for the Fiat Chrysler alliance to be enacted was broken by President Obama who said in a televised address that "Chrysler and Fiat have formed a partnership that has a strong chance of success"

As a result of the sacrifices by key stakeholders and a substantial commitment government resources, Chrysler has an opportunity to thrive as a long-term viable 21st century company, says the U.S. Treasury Department in a statement

"This alliance will enable Chrysler to move forward with significant advantages," says Chrysler CEO Bob Nardelli, "including access to fuel-efficient small and compact vehicles, as well as platforms, powertrain technologies and components"

The Fiat-Chrysler alliance comprises two elements: Fiat contributing to Chrysler rights in various platforms, technologies, and models, management services and cooperation, and Fiat’s acquisition of a shareholding in Chrysler

Chrysler LLC announces that as a result of the comprehensive restructuring plan agreed to by many of its stakeholders, it has reached an agreement in principle to establish a global strategic alliance with Fiat SpA

Chrysler will be reborn this afternoon and begin a new era in alliance with Fiat, sources close to the Obama Administration have confirmed, the only sticking point will be whether the restructuring happens inside or outside a bankruptcy

As the day for the alliance between Fiat and Chrysler arrives another box was ticked as the UAW union members at Chrysler late last night ratified the settlement agreement with Chrysler, Fiat and the U.S. Treasury Department

Today is deadline day for Fiat and Chrysler to be in a position to convince the U.S. Treasury Department that they can form a viable alliance and with the option of Chapter 11 looming large as a number of key issues are still to be resolved

Another hurdle to the Chrysler-Fiat alliance has been cleared as Daimler AG, Chrysler, Cerberus and the US Pension Benefit Guaranty Corporation have signed an agreement that will see the German carmaker write off its stake

With the clock rapidly ticking down to Thursday's deadline for Fiat and Chrysler to forge a deal all parties are working round the clock to and Fiat has said it is still anxious to go ahead even if Chrysler is pushed into Chapter 11 bankruptcy

Thousands of Canadian Auto Workers members working at Chrysler facilities in Brampton, Windsor and Etobicoke have voted in favour of a new restructuring agreement, ratifying the deal by 87 pct during meetings held over the past two days

Another piece has dropped into place after the United Auto Workers union that represents Chrysler's workers in the U.S. announced last night that a settlement agreement has been reached with Chrysler, Fiat and the U.S. Treasury Department

Chrysler LLC's creditors have made a second offer to swap their secured debt this time offering to reduce the US$6.9 billion owed to them down to US$3.75 billion, although still with the condition of receiving a 40 percent equity stake

With days to go to the deadline to complete the deal with Fiat, Chrysler has reached a tentative agreement with the Canadian Auto Workers union that will save it around US$240 million a year and secure the future of its Canadian plants

Chrysler invented the minivan 25 years ago and more than minivan 12 million sales later Chrysler showed off four all-electric Town & Country minivan concepts to the U.S. Postal Service (USPS) as part of the USPS Earth Day celebration

All parties have moved swiftly to deny comments from an Italian labour union representative reported by ANSA that a deal between Chrysler and Fiat is almost done. Bruno Vitali's comments provoked a swift rebuttal from Fiat and the UAW

A new proposal submitted by Chrysler LLC's secured first-lien lenders to reduce their debt by 35 percent in exchange for up to 40 percent equity in the struggling carmaker has draw sharp criticism from the Obama Administration

Facilitated by an agreement with Chrysler and its commitment to introduce production electric-drive vehicles starting in 2010, A123Systems has received a US$100 million tax grant to build a full-scale battery manufacturing facility in Michigan

Tough negotiations between Fiat and Chrysler and the latter's unions in the United States and Canada remain deadlocked as the deadline set down by the Obama administration to reach an alliance enters the final ten days

Fiat CEO Sergio Marchionne has talked tough this week with Chrysler's unions, telling them that Fiat will walk away from the deal unless they lower their wage costs to reflect those in North America by Japanese and German carmakers

Fiat CEO Sergio Marchionne is poised to become the CEO of Chrysler LLC when a revised board is installed and the positions of Chaiman and CEO are split following the completion of the alliance with Fiat according to informed sources

Video: New Model - Jeep Grand Cherokee 2011 [Phil Jansen, Chief Engineer]

The consortium of banks that hold almost US$7 billion of secured debt on Chrysler are holding out against US Treasury Department proposals that would see them walk away with just US$1 billion if the planned alliance with Fiat goes ahead

Video: New Model - Jeep Grand Cherokee 2011 [on the road]