The president of the Canadian Auto Workers said he was told by Fiat S.p.A. chief Sergio Marchionne that Chrysler was likely to seek bankruptcy protection temporarily in the United States.
Popularity: unranked [?]
Updates from April, 2009
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12:00 am on April 29, 2009
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12:00 am on April 29, 2009
GM’s Saturn brand will either be sold or phased out by the end of this year, nearly two years faster than previously announced, the brand’s top executive said Tuesday.
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12:00 am on April 29, 2009
The Treasury Department has reached a tentative deal with four of Chrysler’s major debt holders in a bid to keep the automaker out of bankruptcy protection, sources say.
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12:00 am on April 29, 2009
The National Automobile Dealers Association, bracing for a possible General Motors bankruptcy, is asking dealers to contribute to a legal fund to protect their interests
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12:00 am on April 29, 2009
Pontiac’s demise was an ignominious end for a brand whose products fired the imagination of enthusiasts of traditional American muscle cars. By Dan Carney.Popularity: unranked [?]
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12:00 am on April 29, 2009
General Motors Corp. says it will force 1,000 to 1,200 underperforming dealerships to close their doors as the automaker tries to thin dealer ranks to make the remaining outlets stronger.
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12:00 am on April 29, 2009
The head of the National Automobile Dealers Association urged General Motors to offer “proper compensation” in its plan to eliminate more than 40 percent of its U.S. dealerships in less than two years.
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12:00 am on April 29, 2009
When General Motors closes down Saturn later this year, it will lose just over a quarter of its sales of fuel-saving hybrids — the type of vehicles that the Obama administration wants automakers to build more of.
Popularity: unranked [?]
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12:00 am on April 29, 2009
Kia’s funky, athletic crossover is as fun to drive as it looks and really shines in its ability to tote cargo
Popularity: unranked [?]
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12:00 am on April 29, 2009
Group 1 Automotive Inc., the fourth-largest U.S. dealership group, today posted net income of $8.4 million in the first quarter and said it will cut about $120 million from its 2009 operating costs.
Popularity: unranked [?]