By John Crawley

Chrysler says it will match the $4,500 government incentive for people to trade in their old gas guzzlers for new vehicles under the "cash for clunkers" program

U.S. automaker Chrysler Group LLC has stemmed the pace at which it uses cash after emerging from bankruptcy last month as a slimmer company, Chief Executive Sergio Marchionne said in an interview with Bloomberg published on Wednesday

MILAN (Reuters) - U.S. automaker Chrysler Group LLC has stemmed the pace at which it uses cash after emerging from bankruptcy last month as a slimmer company, Chief Executive Sergio Marchionne said in an interview with Bloomberg published on Wednesday

Filed under: Ford Motor (F), General Motors (GM)Former Chrysler CEO Lee Iacocca has decided to weigh in on the current situation at his former employer, when interviewed by the Associated Press. Iacocca believes that the automaker needs to get the government out of the business as soon as possible, noting that government intervention is "strong motivation to repay the loan early." Iacocca added that the government "oversight is just too extreme." He reminded readers how Chrysler repaid the previous ten year loan from the government in three.Chrysler and General Motors (OTC: GMGMQ) are have both received billions of dollars in government loans. Chrysler has recently exited bankruptcy protection, while GM remains in Chapter 11. The Treasury Department's auto task force has already made its presence felt, forcing out both CEOs and is reshaping their boards.Continue reading Lee Iacocca suggests Chrysler return the government loan soonLee Iacocca suggests Chrysler return the government loan soon originally appeared on BloggingStocks on Mon, 22 Jun 2009 10:20:00 EST. Please see our terms for use of feeds.Permalink | Email this | Comments

If the government is your boss, you shouldn't be lobbying it. That's the argument critics are using against General Motors Corp. and Chrysler LLC, which have continued lobbying while being kept alive, in part, with $80 billion in federal aid

As Chrysler morphs into a new company and as General Motors moves ahead with its bankruptcy process, injured plaintiffs are getting left behind

NEW YORK----A new report by The Smart Cube, a global independent research firm, examines the turmoil facing the U.S. Auto-Parts Sector following the GM and Chrysler bankruptcies. The sector has suffered severe distress over the last year with many players struggling to avoid liquidation

By Poornima Gupta and Gilles Castonguay

By Soyoung Kim and David Bailey