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FRIDAY, NOVEMBER 27, 2009
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NEWS ABOUT: Chrysler

Chrysler stories: 253 news summaries

61 - 80 of 253 Stories | << Prev 1 2 3 4 5 6 7 8 ... 13 Next >>

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Fiat Exec Would Gut
Chrysler to Save It

Marchionne has succeeded in fighting corporate bloat before

Apr 24, 09 10:38 AM CDT
(Newser) - It may seem awfully cocky of Fiat chief Sergio Marchionne to assume that he can save Chrysler, generally written off in the industry as a lost cause. But there’s a reason Marchionne is optimistic, notes the Economist: He’s done it before. When he took over Fiat in 2004,... More »

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Chrysler • auto industry • Big Three • Fiat • Sergio Marchionne

Auto Workers Fear
Deep Cuts in Pensions

If Chrysler, GM go to bankruptcy court, 1 million workers likely to take pension cuts

Apr 24, 09 8:03 AM CDT
(Newser) - As Chrysler and possibly GM head toward bankruptcy court, nearly a million retired workers fear deep cuts to their pensions and health plans, reports the Washington Post. Though the Obama administration is hoping to mitigate cuts, the plans are underfunded by billions of dollars. “I feel betrayed,” says... More »

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Chrysler • pensions • bankruptcy • General Motors • retirement benefits

(Newser) - Fiat is bound and determined to join the big boys of the auto world, and it's using ailing US companies to gain a foothold. The Italian automaker has begun surprise talks with General Motors to buy a stake in GM's Opel division and expand its presence in Europe and Latin... More »

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Chrysler • General Motors • Detroit • merger • auto industry • Fiat

(Newser) - Chrysler is preparing to file for bankruptcy as early as next week, the New York Times reports. The best-case scenario for survival: Chrysler will strike a deal with its lenders, file for bankruptcy protection to shed liabilities, then merge its strongest assets with Fiat. If those deals fall through, the... More »

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Chrysler • United Auto Workers • bankruptcy • auto industry • Federal government • Fiat • Obama administration • UAW

 Treasury Ups Offer 
 to Chrysler Lenders 

Treasury blinks in standoff that will determine auto maker's future

Apr 23, 09 1:58 AM CDT
(Newser) - The Treasury Department is offering banks holding Chrysler's debt a better deal in the latest round of the back-and-forth over the automaker's future, the Wall Street Journal reports. The counter offer—still way short of what the banks seek—proposes to give lenders 22% of the $6.9 billion Chrysler... More »

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Chrysler • Citigroup • Morgan Stanley • Treasury Department • auto industry • JPMorgan Chase • auto bailout

Banks, Treasury Play
Chicken on Chrysler Deal

Alternate headline: Banks, Treasury Play Chicken on Chrysler Deal

Apr 22, 09 7:46 AM CDT
(Newser) - A group of big banks balked at the Treasury’s proposal that they slash 85% of Chrysler’s debt, the government’s second such request. Instead, in what the Wall Street Journal calls a “significant act of brinkmanship” as an April 30 deadline looms, the banks, including bailout... More »

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Chrysler • Citigroup • bankruptcy • Morgan Stanley • Treasury Department • auto industry • JPMorgan Chase • auto bailout

Chrysler Gets New Aid, but End May Loom

Treasury pushes automaker toward Fiat deal or liquidation

Apr 21, 09 7:19 AM CDT
(Newser) - The Obama administration has given a further $500 million to keep Chrysler afloat, but Washington signaled yesterday it increasingly believes Chrysler will not survive as an independent company. Treasury officials met yesterday with CEO Robert Nardelli, as well as the heads of the United Auto Workers and Italian automaker Fiat.... More »

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Chrysler • General Motors • Treasury Department • auto industry • Fiat • Obama administration • auto bailout

(Newser) - Chrysler's financing arm has turned down a $750 million federal loan in order to skirt limits on executive pay, sources tell the Washington Post. Fearing that an earlier $1.5 billion loan was running out, the Treasury offered Chrysler Financial the extra credit about 2 weeks ago, attaching strict... More »

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Chrysler • Treasury Department • TARP • auto bailout

OPINION

 Five '70s Cars That Plain Suck 


Apr 19, 09 1:06 PM CDT
(Newser) - The 1970s was "a decade of excess mediocrity in so many quarters it's hard to catalog it all," Tony Borroz writes in Wired. But you can start with the cars. Here follow five total flops.
  • Ford Mustang Cobra II: "An over-glorified Pinto" that made a
... More »

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Chrysler • Ford • AMC • Chevrolet • auto industry • Mercury • 1970s • cars

Bailed-Out Banks Don't
Want to Bail Out Chrysler

Lawmakers say rescued banks should cooperate in auto rescue plan

Apr 17, 09 7:44 AM CDT
(Newser) - Auto task force Steven Rattner's request that four big banks write off their $7 billion debt to Chrysler in return for nothing met with a big no from dropped jaws, reports the Washington Post. JPMorgan Chase, Morgan Stanley, Citigroup, and Goldman Sachs are seeking a better deal, but critics argue... More »

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Chrysler • Citigroup • Goldman Sachs • Morgan Stanley • auto industry • bailout • JPMorgan Chase • Wall Street bailout • auto bailout • Steven Rattner

Models—Human and Auto— Take Bailout Flak at Car Show

Models take the flak for GM, Chrysler missteps

Apr 14, 09 9:10 AM CDT
(Newser) - Crowds hostile about the state of America’s auto industry have made presenting at auto shows a much trickier job than it used to be, the New York Times reports. The eye-candy models at scaled-back exhibits from General Motors and Chrysler are fielding questions during the ongoing New York event... More »

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Chrysler • General Motors • auto industry • hecklers • auto show • auto bailout

Feds Put the Squeeze on Auto Creditors

Billions of dollars in concessions sought from banks, bondholders

Apr 10, 09 6:14 AM CDT
(Newser) - The government is pushing hard to wring billions of dollars in concessions from the creditors of General Motors and Chrysler, the Wall Street Journal reports. Insiders say Treasury has pushed GM to offer bondholders only stock in return for debt after it judged as too generous a deal involving stock,... More »

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Chrysler • bankruptcy • General Motors • bonds • auto industry • Obama administration • auto bailout

Media World Braced for Loss Of GM, Chrysler Ad Buys

A collapse in Detroit could cost media players billions

Apr 6, 09 9:34 AM CDT
(Newser) - As the situation in Detroit becomes increasingly perilous, media companies are anxiously waiting to see what happens to the vast marketing dollars—$3 billion in the US last year—General Motors and Chrysler previously poured into advertising. But while vastly decreased spending seems like a foregone conclusion, most media companies... More »

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Chrysler • marketing • General Motors • ad revenue • auto industry • advertising budgets • advertising sales • TV advertising

'Car Bubble' Blows Up on Automakers

Sales were artificially high in boom years; rebound unlikely

Apr 3, 09 10:01 AM CDT
(Newser) - The housing boom brought a car bubble along for the ride, and now that one has burst, so has the other, reports the Washington Post. Thousands of cars are sitting on lots and likely to stay there. “You had a huge number of cars being sold," says Steven... More »

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Chrysler • Toyota • General Motors • Ford • auto industry • auto sales • housing bubble

(Newser) - Automakers got hammered again last month, with Detroit’s Big Three all reporting big sales drops today. Ford’s light-vehicle numbers were down 41%, the AP reports; General Motors’ fell 44.7% and Chrysler’s 39.3%, the Wall Street Journal adds. Foreign manufacturers weren’t immune, either, with Toyota’... More »

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Chrysler • Toyota • General Motors • Ford • Volkswagen • Big Three • auto sales • US automakers

Editorial Roundup

 Was Obama Tough Enough? 


Mar 31, 09 8:57 AM CDT
(Newser) - Barack Obama gave GM and Chrysler some tough love yesterday. Too tough, or too much love? Here’s what the papers are saying:
  • Obama “delivered a believable, sharp, and necessary ultimatum,” says the Washington Post. He rightly demanded union concessions, and put bankruptcy back on
... More »

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Barack Obama • Chrysler • bankruptcy • General Motors • auto industry • Obama administration • auto bailout

(Newser) - The Obama administration’s favored plan to rescue GM and Chysler is a managed bankruptcy that would relieve them of their biggest liabilities by splitting the carmakers into “good” and “bad” components, the Wall Street Journal reports. The “good” GM would  comprise profitable brands like Chevy... More »

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Chrysler • bankruptcy • General Motors • Detroit • Obama administration • President Obama • auto bailout

MARKETS

 GM Plummets; Dow Down 254 

Materials, banks see broad declines

Mar 30, 09 3:22 PM CDT
(Newser) - Carmakers led stocks down today, after GM and Chrysler' reconstruction plans were rejected by the Obama administration, the Wall Street Journal reports. GM closed down 25%; parts and materials makers like Goodyear and Alcoa were also sharply lower, as were financials on continued uncertainty in that sector. The Dow fell... More »

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Barack Obama • Chrysler • Dow Jones • General Motors • Alcoa • Nasdaq • S&P 500


 Chrysler, Fiat to 
 Form 'Global Alliance' 

Treasury cash proves a motivating incentive for carmaker deal

Mar 30, 09 12:52 PM CDT
(Newser) - Chrysler and Fiat have agreed to form a “global alliance” just hours after President Obama exhorted the two automakers to partner, MSNBC reports. Obama had promised $6 billion in loans to help Chrysler link with Fiat, and set a 1-month deadline for doing so. "We are pleased that... More »

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Chrysler • alliance • Fiat

(Newser) - GM and Chrysler got tough love from Barack Obama today, with the president declaring that they haven't made substantial enough changes to justify another federal bailout, and decrying the “failure of leadership” to come up with viable restructuring plans. Obama said the companies would have to regroup radically to... More »

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Barack Obama • Chrysler • General Motors • Detroit • auto industry • Obama administration • auto bailout

61 - 80 of 253 Stories | << Prev 1 2 3 4 5 6 7 8 ... 13 Next >>


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