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Updates from April, 2009

  • A look at three decades of struggles for Detroit's Big Three. Chrysler filed for bankruptcy protection and announced it will temporarily halt most of its vehicle production while it completes a deal with Fiat designed to revive its fortunes.


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    8:30 pm on April 30, 2009
     

  • The U.S. government expects Chrysler to spend one to two months in bankruptcy under a plan announced on Thursday. But how is that possible?

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    8:30 pm on April 30, 2009
     

  • Section 363 of the U.S. Bankruptcy Code could be crucial to Chrysler LLC’s attempt to reorganize under Chapter 11 protection.

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    8:30 pm on April 30, 2009
     

  • More auto dealers and suppliers will be eligible for federal loans under the expansion of a Small Business Administration program to be announced tomorrow, President Barack Obama said today.

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    8:30 pm on April 30, 2009
     

  • Putting more hybrids of the Fusion’s calibre on the road would clean things up in a hurry as it is designed to cut the city fuel consumption of a four-cylinder engine by 60%

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    8:30 pm on April 30, 2009
     

  • 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.

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    8:30 pm on April 30, 2009
     

  • Whether Chrysler management actually embraces now-empowered union workers as partners may be key to the automaker’s recovery.Union workers at Chrysler and General Motors have long lamented that they could run the automakers better than management. Now they’ll get their chance.


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    8:30 pm on April 30, 2009
     

  • 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.

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    8:30 pm on April 30, 2009
     

  • Lithia Motors Inc. posted a $1.3 million profit in the first quarter, the dealership group’s first quarterly profit since the fourth quarter of 2007. The net income, which benefited from a $2.

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    8:30 pm on April 30, 2009
     

  • Chrysler LLC’s anticipated bankruptcy filing will take place today in U.S. Bankruptcy Court in Manhattan, according to sources with direct knowledge of the situation.

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    8:30 pm on April 30, 2009
     

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