Archive for the ‘Restructuring’ Category

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Chrysler seeks to block rejected dealers’ state suits

3 months ago

Chrysler Group has asked a U.S. Bankruptcy Court judge to prevent rejected dealers from suing the automaker in state courts to get their lost franchises back, the Automotive News reported.
Old ...

Chrysler plans new dealerships

3 months, 1 week ago

Two months after terminating 789 dealerships, Chrysler Group LLC is approaching some of those dealers to compete for a chance to sell Chrysler, Dodge and Jeep cars again in one ...

Feds to keep automaker execs’ pay private

3 months, 1 week ago

The Obama administration will not make public the detailed compensation plans for the highest employees at seven companies that have accepted bailout loans, The Detroit News reported.
General Motors Co., Chrysler ...

Bloom: Chrysler won’t go public next year

3 months, 2 weeks ago

President Barack Obama’s top auto advisor said today he believes Chrysler Group LLC won’t become a public company until at least 2011, The Detroit News reported.
“I don’t think Chrysler’s IPO ...

Obama expects GM, Chrysler to repay loans

3 months, 3 weeks ago

President Barack Obama said on Wednesday that General Motors Co and the Chrysler Group were companies worth saving, but he expects both to repay their government loans, Reuters reported.
Obama’s comments ...

Bertsch speaks before TARP panel

3 months, 3 weeks ago

On Monday, Jan Bertsch, Senior Vice President and Treasurer made the following statement before the Congressional Oversight Panel for the Troubled Asset Relief Program (TARP) Field Hearing on the Automotive Industry ...

Chrysler clarifies dealer network facts

4 months, 1 week ago

Peter Grady—Vice President Network Development and Fleet, Chrysler Group LLC, posted the following to the Chrysler blog in response to recent media reports on the company’s dealer network:
There’s been a ...

Lawyer: OldCo. liquidation expected in the fall

4 months, 1 week ago

Citing a company lawyer, Bloomberg is reporting that Chrysler LLC (OldCo.)will file a liquidation plan in the fall to cover the assets that remain after the sale to Fiat.
According to the story, ...

Chrysler Financial repays TARP loan

4 months, 1 week ago

Chrysler Financial has repaid a $1.5 billion, five-year loan it received in January from the Troubled Asset Relief Program, Bloomberg has reported.
According to the story, Chrysler Financial raised the money by ...

Rattner leaves auto task force

4 months, 1 week ago

CNNMoney reports that Steve Rattner, the Obama administration’s point man on auto industry bankruptcy negotiations, is returning to the private sector.
Ron Bloom will become the administration’s top auto adviser, according ...

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