(Reuters) - Fiat FIA.MI Chief Executive Sergio Marchionne on Wednesday unveiled detailed plans intended to revive Chrysler and revamp nearly every area of its operations, saying the U.S. automaker was strengthening its cash position.
Following are some key events at Chrysler in 2009:
January 2, 2009 - Chrysler receives an initial $4 billion emergency government loan.
January 20 - Italy’s Fiat unveils a preliminary deal to take a 35 percent stake in Chrysler in exchange for access to its technology and overseas markets.
March 30 - The Obama administration’s autos task force rejects Chrysler’s restructuring plan and warns it may be put through bankruptcy to reduce its debts. It gives Chrysler 30 days to complete an alliance with Fiat or risk being cut off from further government funding.
April 21 - The U.S. says it will make about $500 million available to Chrysler to the end of April.
April 30 - Chrysler and Fiat confirm a global strategic alliance as Chrysler files for Chapter 11 bankruptcy after talks with bondholders to restructure its debt collapse.
May 1 - Chrysler idles plants, saying its survival depends on quick court approval of its restructuring plan.
May 4 - Chrysler wins interim approval from a U.S. bankruptcy court to access a $4.5 billion loan from the U.S. and Canadian governments.
May 5 - A bankruptcy court approves bidding procedures for the rapid sale of most assets, overturning objections from a dissident group of about 20 lenders.
May 8 - The dissident lenders’ group disbands, removing the last legal hurdle to the merger with Fiat.
May 14 - Chrysler’s planned alliance with Fiat poses no competitive issues, the U.S. Federal Trade Commission says.
June 1 - A U.S. Bankruptcy Court judge approves the sale of substantially all of Chrysler’s assets to a group led by Fiat.
June 9 - The U.S. Supreme Court clears the way for the sale of Chrysler LLC to Fiat.
-- Chrysler also wins court approval to cut a quarter of its U.S. dealerships.
June 10 - Fiat closes its takeover of Chrysler. Fiat Chief Executive Sergio Marchionne will also be Chrysler’s CEO.
June 17 - Chrysler says it will resume production of vehicles in seven North American assembly plants by the end of the month.
June 24 - Chrysler says it would close its St. Louis North Assembly Plant that builds the Dodge Ram pickup truck effective July 10.
-- A court filing shows it has cost Chrysler $12.7 million in legal costs during the hectic first month of its bankruptcy filing.
July 22 - Sergio Marchionne says Chrysler should see the benefit in the latter part of 2010 from new technology to build cleaner cars given to it by Fiat, and will return to the stock market but not before 2010.
July 24 - Fiat wins unconditional approval from the European Commission to acquire Chrysler.
September 16 - Chrysler will present a five-year business plan by the end of November, Sergio Marchionne says.
October 1 - Chrysler’s U.S. auto sales tumble 42 percent in September from a year ago.
October 2 - Chrysler says it will idle production of its Jeep Wrangler SUV for a week due to part shortages from a supplier.
October 5 - Chrysler creates a separate Ram brand for its Dodge pickup trucks and replaces the heads of two car brands.
October 27 - Chrysler asks a federal bankruptcy court to approve a sale of its shuttered Newark, Delaware, plant for $24.25 million.
October 30 - The United Auto Workers says it remains engaged in talks to convince Fiat to reverse plans to shutter Chrysler plants scrapped in the bankruptcy.
Writing by Jijo Jacob, Bangalore Editorial Reference Unit; Additional writing by Carl Bagh and David Cutler, London Editorial Reference Unit; Editing by Jon Loades-Carter
Our Standards: The Thomson Reuters Trust Principles.