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Chrysler

FCA Recalls 4.8M Vehicles for Cruise Control

Fiat Chrysler Automobiles is recalling roughly 4.8 million vehicles due to a defect that could prevent the cruise control system from disengaging, the company has announced.

Feds Close Books on Auto Bailout

The U.S. government lost $9.26 billion in its financial rescue of the auto industry, and closed out its last investment earlier this month six years after initiating the plan.

Chrysler's Ram Gamble Pays Off

Chrysler's gamble to spin off its pickup truck division at the tail end of the recession has paid off, as the company has increased its market share of the pickup market by 10 percent since creating the Ram Truck division, reports the New York Times.

U.S. DOE Awards $55M for EV Development

The U.S. Department of Energy has awarded $55 million to projects expected to advance battery-electric vehicle technology and adaption for light-, medium-, and heavy-duty vehicles.

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