Chrysler CEO Sergio Marchionne says the automaker is on firmer financial footing as it attempts to revive the company’s sagging fortunes.

Chrysler CEO Sergio Marchionne says the automaker is on firmer financial footing as it attempts to revive the company’s sagging fortunes.

President Barack Obama says Americans’ values are offended by excessive paychecks for executives whose companies were bailed out by taxpayers. Speaking at the White House on Thursday, Obama praised the Treasury Department’s decision to order seven big companies that haven’t paid back last year’s government bailouts to halve their top executives’ average compensation.

There’s a new Chrysler-Jeep dealership in town…on the heels of another shutting down. Triangle Dodge, in Aiken County announced its dealership will now be a Chrysler franchise.

Italian automaker Fiat says it has closed a deal to take over Chrysler’s good assets, forming a new company and clearing the way for the struggling Chrysler to emerge from bankruptcy protection.

U.S. government officials are asking the Supreme Court to allow the sale of most of Chrysler’s assets to a group led by Italy’s Fiat without further delay. The Office of the Solicitor General filed papers Monday opposing a request from the three Indiana state pension and construction funds to halt the deal.

U.S. government officials are asking the Supreme Court to allow the sale of most of Chrysler’s assets to a group led by Italy’s Fiat without further delay. The Office of the Solicitor General filed papers Monday opposing a request from the three Indiana state pension and construction funds to halt the deal.

Top executives from General Motors and Chrysler are defending their decision to slash dealerships around the country despite many hardships. They say the moves are unavoidable as they fight to overcome bankruptcy and survive.

President Barack Obama is defending the government’s intervention in the auto industry, saying the collapse of GM and Chrysler would have been devastating for the economy and American workers.

Chrysler brass is beaming after a bankruptcy judge approved the sale of most of the automaker’s assets to Italy’s Fiat. Chrysler’s outgoing CEO says with the approval, “the new Chrysler Group is created.“ He says blending with Fiat allows the Detroit company to begin on a “fresh page.“

Top executives from General Motors and Chrysler will appear before a Senate committee Wednesday to address concerns about hundreds of dealership closings as the two automakers work through government-led bankruptcies.

More than 100,000 jobs across the nation have been affected by the bad news from GM and Chrysler. There were dealerships here at home that did not escape getting those dreaded letters from corporate. Wednesday, one of those says goodbye. WJBF News Channel 6’s Joy Howe has the story.

From Wall Street to Your Wallet now where the owner of Augusta Dodge speaks out after learning that his dealership is being released from its affiliation with Chrysler. Count on WJBF News Channel 6’s Fraendy Clervaud for that story.

The owner of Augusta Dodge says it’s been a great 12 years for him, and his heart goes out to all his employees and customers. Greg Helfrich says he has no hard feelings about Chrysler cutting ties with Augusta Dodge. He believes his facility location, and the volume of used cars they sold versus new cars, was a factor for losing ties with Chrysler. And, he says he offered to pay to relocate as many of his employees as are willing to work for him, in Texas.

Another blow hits the auto industry…to the auto industry. General Motors is cutting more than 1,100 dealerships across the country…here at home, at least one casualty. The manager at Henna Chevrolet says he got one of those dreaded letters Friday…Henna is located on Richland Avenue, in Aiken. Johnson Motor Company has confirmed getting notification regarding their Aiken location. their Augusta location did not receive notification. This bad news comes just one day after hundreds of dealers learned they’re loosing the Chrysler brand. ABC News’ Linsey Davis has more on the big story.