Chrysler has to refinance $30 billion of its lending arm's working capital by Friday.

Chrysler LLC announced Thursday that it’s going to halt all the operations for a fortnight in July, a traditional procedure conducted in order to renew and retool plants for the new model year and to cut costs.

Detroit automakers are ready to take a hard line with the United Auto Workers in negotiations this year and push for about a one-third reduction in hourly labor costs, according to a published report, reported The Wall Street Journal.

Chrysler Group announced today that it will boost the Michigan economy with an investment of $1.78 billion, much of it to start a multi-product "Powertrain Offensive."

Chrysler Group reported sales for March 2007 of 206,435 units; down 5 percent compared to a very strong March 2006. All sales figures are reported unadjusted.