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Updates from April, 2009

  • Chrysler LLC, battered by collapsing U.S. sales and a global credit crisis, filed for bankruptcy and announced an industry-changing deal with Fiat S.p.A.

    Popularity: unranked [?]

    8:48 am on April 30, 2009
     

  • Chrysler LLC will proceed with Chapter 11 bankruptcy protection now that talks with debt holders have broken down, an administration official said today.

    Popularity: unranked [?]

    8:48 am on April 30, 2009
     

  • Chrysler LLC workers represented by the UAW, facing the specter of the automaker seeking bankruptcy as early as Thursday, tonight approved by a wide margin contract concessions that the federal government deems necessary for the carmaker to obtain…

    Popularity: unranked [?]

    8:48 am on April 30, 2009
     

  • Pontiac G6 and Chevrolet Malibu automobiles are shown at the Orion Assembly plant in Orion Township, Mich., on Monday. The Obama administration has said it isn't interested in running GM, but with a majority stake, some analysts say the government would probably be tempted to push its own policies on such issues as alternative fuel vehicles and unions.If the government takes a majority stake in General Motors, will it end up taking the wheel, too?


    Popularity: unranked [?]

    8:48 am on April 30, 2009
     

  • April 29: David Cho of the Washington Post reports that Chrysler chief executive Robert Nardelli would be ousted and replaced by the management of Italian automaker Fiat under a bankruptcy plan.  (Other)Chrysler battled on several fronts to meet a midnight deadline Thursday for the struggling automaker to produce a satisfactory restructuring plan or be forced to file for bankruptcy.


    Popularity: unranked [?]

    8:48 am on April 30, 2009
     

  • Ford Motor Co. expects a modest improvement in sales in the second quarter of 2009. But the automaker won’t be cranking up production until demand actually materializes, said George Pipas, Ford’s sales analysis and reporting manager.

    Popularity: unranked [?]

    8:48 am on April 30, 2009
     

  • Nissan has been showing and testing this electric vehicle prototype but intends to replace it with a completely different look by the time it's ready for U.S. markets.The city of Seattle and Nissan North America said Tuesday they will work together to promote the development of an electric car charging network in Seattle.


    Popularity: unranked [?]

    8:48 am on April 30, 2009
     

  • General Motors says it will repurchase unsold new vehicles and parts from dealers whose franchise agreements are terminated, but the automaker won’t compensate dealers for the loss of the franchise.

    Popularity: unranked [?]

    8:48 am on April 30, 2009
     

  • Chrysler LLC and Fiat S.p.A. are prepared to complete an alliance by Thursday that would be taken into bankruptcy court as a key element of the U.S. automaker’s restructuring plan if needed, a person with direct knowledge of the situation said.

    Popularity: unranked [?]

    8:48 am on April 30, 2009
     

  • With one day left to go before its deadline, Chrysler LLC’s chief executive said Wednesday that the automaker is making progress toward meeting the U.S. restructuring plan.

    Popularity: unranked [?]

    8:48 am on April 30, 2009
     

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