Thousands of Chrysler LLC dealers who face the loss of floorplan financing will have an opportunity to sign up with GMAC by mid-May.
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GM has got approval from EU regulators on a deal to acquire Delphi's steering business.
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Tenneco has posted a first-quarter net loss of USD$49m, compared with a profit of USD$6m last year.
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Section 363 of the U.S. Bankruptcy Code could be crucial to Chrysler LLC's attempt to reorganize under Chapter 11 protection.
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At first blush, many Chrysler dealers liked what they heard about the automaker's Chapter 11 filing today. But if it is optimism, it is the cautious kind.
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BorgWarner Inc. reported a Q1 net loss of USD7m on revenues down a staggering 45.3% year-on-year to USD819.5m.
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More auto dealers and suppliers will be eligible for federal loans under the expansion of a Small Business Administration program to be announced tomorrow, President Barack Obama said today.
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Mini
More auto dealers and suppliers will be eligible for federal loans under the expansion of a Small Business Administration program to be announced tomorrow, President Barack Obama said today.
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Mini
BorgWarner Inc. is halting shipments to Chrysler LLC pending the outcome of the automaker's Chapter 11 bankruptcy reorganization. Chrysler contributes about 3 to 4 percent of BorgWarner's sales.
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Chrysler LLC's bankruptcy filing lists the 50 unsecured creditors to whom it owes the most money.
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Ford Motor Co. executives said today that they expect Chrysler LLC's bankruptcy filing to create no immediate disruption to Ford operations.
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Ford Motor Co. executives said today that they expect Chrysler LLC's bankruptcy filing to create no immediate disruption to Ford operations.
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The bankruptcy judge who oversaw the massive cleanup after the Enron and WorldCom meltdowns has a new challenge -- overhauling Chrysler LLC. Judge Arthur Gonzalez of U.S.
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Chrysler LLC Chairman and CEO Bob Nardelli has said he will step down as head of the company after it completes its time in Chapter 11.
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Is this the automotive industry equivalent of turkeys voting for Christmas or is it something we all know but few are brave enough to actually say out loud?
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Some Asian automakers see an opportunity to win new customers as a result of Chrysler LLC's bankruptcy.
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Chrysler
The American International Automobile Dealers Association (AIADA) has responded to a recent speech in which President Barack Obama asked Americans to buy 'American' vehicles as part of a planned economic recovery.
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Chrysler LLC will idle most of its plants during its time in bankruptcy. The shutdown begins Monday and will stretch through the 30 to 60 days it is expected to take to restructure in Chapter 11 bankruptcy, the company said in a statement today.
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Whatever uncertainties await us on the other side of oil, there will still be speed. If the Frazer-Nash Namir is any indication, there will still be a frightening amount of it.
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