The National Automobile Dealers Association is planning to run full-page ads in the Washington Post, Politico and Automotive News to protest the presidential auto task force's push for General Motors and Chrysler to make drastic...
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Chrysler LLC's 16,000 nonunion retirees and their spouses, who claim that their health benefits are in jeopardy, will get committee representation in bankruptcy court, a judge ruled today.
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The U.S. Treasury Department said today Chrysler LLC reduced the amount of debtor-in-possession financing to $3.034 billion from $3.340 billion. Chrysler filed for bankruptcy in New York on April 30.
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Fiat has confirmed its chief executive Sergio Marchionne will head Chrysler after its bankruptcy procedure and alliance with the Italian automaker are completed.
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The U.S. Federal Reserve has told GMAC LLC to raise $13.1 billion in new capital because of heavy lending losses and new costs for taking over loans from Chrysler LLC dealers and customers, the Washington Post reported today on its Web site.
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If consumers can overcome the connotations that ride shotgun with buying a new car from an automaker in bankruptcy, there are some deals to be had on Chrysler vehicles.
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Three dealers and four suppliers are among the members of Chrysler LLC's committee of unsecured creditors, a group that is supposed to represent the interests of all creditors in the automaker's bankruptcy proceedings.
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Chrysler LLC today provided further details on its plans to close plants that will not be part of a new Fiat-Chrysler alliance.
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For roughly two and a half years, Chrysler LLC co-President Tom LaSorda has been peddling his company. He met with other automakers in search of a partner or a buyer for Chrysler -- in whole or part.
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Chrysler explorations of potential joint ventures before reaching last week's alliance deal with Fiat got as far as an initial agreement to rebadge a Kia vehicle as a Dodge for US sale, a Chrysler official has said.
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Chrysler LLC is offering sales incentives of up to $6,000 per vehicle for the month of May in a bid to prop up revenue during its bankruptcy restructuring. Chrysler, whose U.S.
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It wasn't so much Chrysler's Chapter 11 bankruptcy filing that stunned suppliers last week, it was the news that beginning May 4 Chrysler is suspending production at all of its United States and Canadian plants while the company is in "surgical" bankruptcy. SupplierBusiness reports.
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The US Bankruptcy Court yesterday gave interim approval to Chrysler for US$4.1bn of debtor-in-possession (DIP) financing, funded by the US treasury and Export Development Canada, and the use of $400m of cash collateral, enabling the company to meet its working capital and general business needs under Chapter 11 bankruptcy protection.
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A U.S. bankruptcy judge approved bidding procedures for the rapid sale of most of Chrysler's assets, over objections from a group of lenders who called the accelerated timetable an "absurdity".
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As General Motors and Chrysler move forward with their respective restructuring plans, I have noticed a growing and unsettling wave of anti-dealer rhetoric in the news.
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Auto parts maker ArvinMeritor Inc. reported a quarterly loss on Tuesday and forecast a bigger loss for the current quarter, saying it will be impacted by Chrysler LLC's plant shutdown during its bankruptcy process.
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U.S. automaker Chrysler said on Tuesday its organization outside North America would not be affected by a bankruptcy filing at home or its planned alliance with Fiat S.p.A.
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A small group of Chrysler LLC's lenders on Tuesday raised further objections to the Obama administration's plan for a quick dash through bankruptcy and called on the judge overseeing the case to block the effort.
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Chrysler LLC said its operations outside the United States won't be affected by its bankruptcy filing or its planned alliance with Fiat S.p.A.
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Chrysler LLC said its operations outside the United States won't be affected by its bankruptcy filing or its planned alliance with Fiat S.p.A.
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