General Motors, Chrysler LLC and the government today were making final arrangements to transfer the first installments of federal emergency loans to the automakers.
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Even if Chrysler LLC never makes another car, Chrysler Financial would be able to keep reaping an income stream for several years as customers pay off existing car loans.
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Chrysler LLC's plan to return to profitability is "reasonable and achievable," CEO Bob Nardelli told the company's employees in a memo.
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It’s the news that General Motors and Chrysler have been desperate to hear – the US government has finally agreed to loan to help them stay afloat.
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While a 'bailout' for GM and Chrysler has been approved to provide them with liquidity into next year, analysts at Edmunds believe that government action to support the vehicle market is urgently needed or the bailout is irrelevant.
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While a 'bailout' for GM and Chrysler has been approved to provide them with liquidity into next year, analysts at Edmunds believe that government action to support the US vehicle market is urgently needed or the bailout is irrelevant.
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Canada at the weekend said it would follow the neighbouring United States by providing C$4bn (US$3.3bn) in emergency loans to the Canadian units of General Motors and Chrysler to keep them operating while they restructure.
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Car dealers could throw a wrench into efforts by General Motors and Chrysler LLC to restructure by trimming marginal brands and dealerships. To cut costs, GM has said it wants to sell Hummer, and it might sell or close Saturn, too.
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A White House bailout of General Motors and Chrysler LLC won't prevent the collapse of North America's shakiest suppliers. Domestic and import brand automakers in North America are expected to produce 2.
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Yes, George W. Bush rescued General Motors and Chrysler LLC last week. But the Bush bailout left a host of thorny, unanswered questions as the two companies plot a path to survival.
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Canada will follow the United States by providing C$4 billion ($3.3 billion) in emergency loans to the Canadian arms of General Motors and Chrysler LLC to keep them operating while they restructure their businesses.
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In brighter times, Cerberus Capital Management LP hoped to save Chrysler LLC, which it called an American automotive icon.
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Two more high-profile executives left Chrysler LLC last Friday, adding their names to a growing list of key people departing the struggling automaker.
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Merrickville, Ontario - Can you imagine an SUV weighing over two tons that can sprint from 0 to 100 km/h in less than 8 seconds while burning about 9 liters of fuel per 100 kilometers? No, I'm not talking about gas-electric spinoffs like the Chevrolet Tahoe Hybrid or Chrysler Aspen Hybrid. This vehicle uses a different powertrain altogether: a modern twin-turbo diesel. It sports the blue-and-white roundel of BMW and is called X5!
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Canada will follow the United States by providing C$4 billion ($3.3 billion) in emergency loans to the Canadian arms of General Motors and Chrysler LLC to keep them operating while they restructure their businesses.
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The U.S. government is offering up to $17.4 billion in emergency loans to domestic automakers, providing some breathing room to General Motors and Chrysler LLC as they try to shore up their cash position and restructure.
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In brighter times, Cerberus Capital Management LP hoped to save Chrysler LLC, which it called an American automotive icon.
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In brighter times, Cerberus Capital Management LP hoped to save Chrysler LLC, which it called an American automotive icon.
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For General Motors and Chrysler LLC, the White House's $17.4 billion bridge loan is an early Christmas present.
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U.S. auto-parts suppliers want aid from the federal government, now that General Motors and Chrysler LLC have gotten approval for a $17.4 billion lifeline.
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