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Last updated: 23:08:11 Tuesday Jun 9, 2009


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  • Chrysler poised to close sale, exit Chapter 11
    NEW YORK - With opponents of Chrysler's planned partnership with Italy's Fiat having exhausted their appeals, the Obama administration-backed sale could close early Wednesday -- putting the automaker close to its goal of a speedy exit from bankruptcy protection.   Nations:Italy   Activities:2008 U.S. Automaker Crisis   Source:(AP)   2009-06-10

    Experts say GM bankruptcy almost inevitable
    DETROIT - For General Motors Corp., the task at hand is so difficult that experts say a Chapter 11 bankruptcy filing is all but inevitable.   Nations:U.S.   Activities:2008 U.S. Automaker Crisis   Source:(AP)   2009-05-11

    Chrysler expected to sell assets to Fiat
    NEW YORK - Chrysler LLC is expected to file a motion Saturday to sell substantially all of its assets to Italian automaker Fiat Group SpA, but the ailing automaker must still deal with creditors who refused to come to a deal to erase the company's debt.   Nations:U.S.   People:Barack Obama   Source:(AP)   2009-05-02

    Chrysler is in court today for bankruptcy hearing
    DETROIT - Chrysler's first hearing in a New York courtroom Friday morning may offer the first clue as to whether a quick, "surgical" bankruptcy is possible. The nation's third-largest automaker filed for Chapter 11 bankruptcy protection Thursday with an ambitious plan to emerge in as little as 30 days as a leaner, more nimble company.   Nations:India Russia   Source:(AP)   2009-05-01

    UAW and Ford reach deal on retiree health care trust
    DETROIT (Reuters) - Ford Motor Co has reached a tentative deal with the United Auto Workers union on changes to funding for retiree health care in an agreement that could save it almost $7 billion in cash and provide a model for concessions at GM and Chrysler.   Activities:2008 U.S. Automaker Crisis   Source:(Reuters)   2009-02-23

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