Archive for the ‘Restructuring’ Category
Federal Reserve: GMAC to get more bailout funds
GMAC Inc. is expected to get more federal money so it can meet government requirements in case the economy softens, the Federal Reserve indicated Monday, the Detroit Free Press reported.
The ...
GAO questions if Treasury can monitor GM, Chrysler
The Obama administration’s ability to decide when and how to sell its stakes in General Motors Co. and Chrysler Group is undercut by the rapidly declining staff of the auto ...
Former car czar says GM, Chrysler were on brink of death
The former head of the Obama administration’s auto task force defends the aggressive push of General Motors Corp. and Chrysler Group through bankruptcy court, saying the companies might have liquidated, ...
GM, Chrysler to meet with NADA, rejected dealers
General Motors Co. and Chrysler Group will meet with dealer groups this Wednesday to begin talks on a possible alternative to the companies’ handling of 2,100 dealership closings, congressional aides ...
GM, Chrysler dealer closings to be audited by U.S. Treasury
The dealership terminations by General Motors Co. and the Chrysler Group will be audited by the inspector general for the U.S. Treasury Department’s financial bailout, the inspector is expected to ...
Bills to reverse GM, Chrysler dealer closings gain steam
The House’s No. 2 Democrat said lawmakers may try to revive stalled legislation to reverse dealer terminations if General Motors Co., the Chrysler Group and dealer groups don’t sit down ...
Taxpayers ‘unlikely’ to fully recover auto loans
An independent oversight panel urged the Treasury Department to place its equity stakes in General Motors Co. and Chrysler Group LLC in an independent trust, and warned it is “highly ...
Company to accept ‘OldCarco’ product liability claims
In a letter sent Aug. 27 to members of Congress, Chrysler Group LLC announced that the company will accept product liability claims on vehicles manufactured by Chrysler LLC (now OldCarco ...
Chrysler PAC Q&A
The following addresses employee questions about Chrysler Group LLC’s decision to discontinue its Political Action Committee:
Q: Is the decision not to have PAC permanent?
A: There are no plans to establish ...
Chrysler PAC discontinued; funds donated to United Way
John Bozella sent the following message to employees participating in Chrysler’s Political Action Committee (PAC) today explaining the company’s decision to discontinue its PAC:
The Chrysler PAC was established to voluntarily pool our ...
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