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May
1st

NASCAR: Dodge will stay put

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Despite parent company Chrysler having filed for bankruptcy, Dodge is going to remain involved in NASCAR for the foreseeable future. Full story...
Apr
30th

GMAC will finance Chrysler dealers by mid-May

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Thousands of Chrysler LLC dealers who face the loss of floorplan financing will have an opportunity to sign up with GMAC by mid-May. Full story...
Apr
30th

Section 363 sales could speed Chrysler’s exit from Ch. 11

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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. Full story...
Apr
30th

Chrysler dealers signal lots of cautious optimism

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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. Full story...
Apr
30th

BorgWarner halts shipments to Chrysler

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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. Full story...
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

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

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

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

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

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

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

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

Chrysler to switch to GMAC for financing

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Chrysler LLC will switch to GMAC Financial Services for its financing as part of its bankruptcy reorganization, a senior White House official said today. "GMAC will become the financing source for new Chrysler cars," the official said on background. Full story...
Apr
30th

Chrysler will go into bankruptcy as Fiat deal appears close

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Chrysler LLC will proceed with Chapter 11 bankruptcy protection now that talks with debt holders have broken down, an Obama administration official said Thursday. Full story...
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