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Apr
30th

Parts suppliers dominate list of top creditors

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Chrysler LLC's bankruptcy filing lists the 50 unsecured creditors to whom it owes the most money. Full story...
Apr
30th

Ford airs concern about health of supply base

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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. Full story...
Apr
30th

Ford sees no fallout from Chrysler bankruptcy

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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. Full story...
Apr
30th

Chrysler judge handled Enron, WorldCom bankruptcies

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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. Full story...
Apr
30th

US: Nardelli to step down as Chrysler CEO

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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. Full story...
Apr
30th

US: Bill Ford wants higher taxes on gas

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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? Full story...
Apr
30th

Asians may find opportunity in Chrysler’s plight

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Some Asian automakers see an opportunity to win new customers as a result of Chrysler LLC's bankruptcy. Full story...
Apr
30th

US: AIADA objects to Obama ‘buy American’ statement

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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. Full story...
Apr
30th

Chrysler will idle most plants while in bankruptcy

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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. Full story...
Apr
30th

Speedy green: Italdesign-Giugiaro’s Frazer-Nash Namir:

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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. Full story...
Apr
30th

Speedy green: Italdesign-Guiuiaro’s Frazer-Nash Namir:

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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. Full story...
Apr
30th

CEO Nardelli, LaSorda will leave Chrysler

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Chrysler LLC CEO Bob Nardelli will step aside after the company emerges from Chapter 11 bankruptcy, and co-President Tom LaSorda will retire before then. Full story...
Apr
30th

Nardelli to leave Chrysler once bankruptcy completed

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Chrysler LLC CEO Bob Nardelli says he will step aside after the company emerges from Chapter 11 bankruptcy. Full story...
Apr
30th

Chrysler will trim dealerships; NADA opposed

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Chrysler LLC will begin immediately the process of evaluating which dealerships will survive its Chapter 11 reorganization and which will not, co-President Jim Press told dealers in a national conference call today. Full story...
Apr
30th

Chrysler will trim dealerships

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Chrysler LLC will reduce its dealership roster as it operates in U.S. Bankruptcy Court, Full story...
Apr
30th

Analysts expect April U.S. adjusted sales of 9.8 million vehicles

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April U.S. light-vehicle sales will return to January levels on stable retail sales rates and fleet sales that increased from February and March, analysts say. Full story...
Apr
30th

Mazda hires VW alum Derek Jenkins to head U.S. design staff:

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Former Volkswagen designer Derek Jenkins has been hired to be the design chief for Mazda in America. Full story...
Apr
30th

NEWS BRAKE: Thursday, April 30:

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In today's News Brake: Chrysler files for bankruptcy protection; a one-owner Ford Model A heads to a museum; and the Hurst guys work their magic on a Dodge Challenger ... But Wait, There's More! Full story...
Apr
30th

Fiat can only control Chrysler when U.S. loans are paid back

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Fiat S.p.A. can gain a controlling interest in Chrysler LLC only after it has repaid about $7.5 billion in new federal loans being made to Chrysler as part of the automaker's history-making bankruptcy filing, senior White House officials said today. Full story...
Apr
30th

GERMANY: Deripaska denies interest in Opel

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Russian oligarch Oleg Deripaska has denied an interest in taking a big stake in Opel according to a report in Handelsblatt. Full story...
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