Lee Iacocca, credited with saving Chrysler from bankruptcy in the 1980s, is to lose a big chunk of his pension and a guaranteed life-long company car due to the US automaker's bankruptcy filing two decades later.
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The Obama administration has estimated that a General Motors bankruptcy would take at least 60 to 90 days and perhaps longer to complete and is also planning an extraordinary offensive beginning on 2 June of sending senior officials to Midwest communities most affected by job losses and other aspects of GM and Chrysler bankruptcies.
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Chrysler LLC's Twinsburg, Ohio, stamping plant, which is slated for closure, has drawn inquiries from two potential buyers, according bankruptcy court statements.
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Chrysler LLC's Twinsburg, Ohio, stamping plant, which is slated for closure, has drawn inquiries from two potential buyers, according bankruptcy court statements.
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Chrysler's financial adviser now says a breakup and sale of the company would bring far less cash than he had projected four months ago.
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Chrysler LLC's Viper sports car business has drawn only limited interest from buyers, according to court statements filed in connection with the automaker's bankruptcy hearing.
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Telesto Ventures, a contender for General Motors' Saturn brand, has recruited a team of Chrysler veterans as advisers, a spokeswoman confirms.
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Telesto Ventures, a contender for General Motors' Saturn brand, has recruited a team of Chrysler veterans as advisers, a spokeswoman confirms.
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Chrysler LLC's Viper sports car business has drawn only limited interest from buyers, according to court statements filed in connection with the automaker's bankruptcy hearing.
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Chrysler LLC's Viper sports car business has drawn only limited interest from buyers, according to court statements filed in connection with the automaker's bankruptcy hearing.
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The horror! cried Kurtz. We're playing the game fairly, said Ball. If the U.S. Bankruptcy Court allows the sale of a "new Chrysler" to Italy's Fiat S.p.A.
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A US bankruptcy court is today (28 May) holding a second and possibly decisive day of hearings on Chrysler's bid for revival as a Fiat partner.
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Fiat CEO Sergio Marchionne has headed back to the United States to discuss issues concerning Chrysler, a source at the industrial group told Reuters on Thursday.
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Chrysler LLC expects to close its sale of most assets to Fiat as early as Friday, CEO Robert Nardelli told the bankruptcy court that is considering whether to approve the transaction.
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Chrysler LLC returns to bankruptcy court today for the likely approval of the sale of most of its operations to a group that includes Fiat, although hundreds of objections were still scheduled to be heard.
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Chrysler LLC expects to close its sale of most assets to Fiat as early as Friday, CEO Robert Nardelli told the bankruptcy court that is considering whether to approve the transaction.
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Auburn Hills, Mich. - Chrysler LLC today announced the company has submitted three proposals outlining a $448-million plan to the U.S. Department of Energy (DOE) in order to rapidly bring Electric Vehicles (EV) and Plug-in Hybrid-electric Vehicles (PHEV) to market.
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A new study suggests that more than 1.3 million U.S. jobs -- and up to $68.7 billion in personal incomes -- could be lost in the first year if Chrysler LLC and General Motors endure "lengthy and disorderly" bankruptcies.
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Chrysler LLC looks set to clear its last major hurdle in its sprint through bankruptcy court as soon as Thursday, when a judge is expected to overrule more than 340 objections and approve its sale to a group that includes Italy's Fiat.
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