Chrysler's Sale, On as Planned
21 May 2009, 12:54 UTC · By: Daniel Patrascu / The sale of Chrysler's assets to Fiat will continue, despite the opposition of several parties, including dealers, lenders and state or retiree pension funds. Today, a bankruptcy court rejected...
Dealers' Armageddon: Block the Sale
20 May 2009, 07:30 UTC · By: Daniel Patrascu / The dealers affected by Chrysler's decision to end 789 franchises will not go as smooth as expected, at least from the dealers' point of view. Some of them, united under the Committee of C...
Chrysler Assumes Supplier Agreements
15 May 2009, 12:20 UTC · By: Daniel Patrascu / After earlier announcing its decision of closing 789 of its dealers, Chrysler also decided what to do with its suppliers. According to a release issued today, the American manufacturer will begin as...
Ford Hopes to See Profit in 2011
15 May 2009, 08:33 UTC · By: Bogdan Popa / Ford, a.k.a. the only Detroit Three member who hasn't sought government support in its life-saving strategy, said it expects to return to profitability as soon as 2011. In the annual meeting wi...
Chrysler Bankruptcy, a Potential Threat to SiriusXM
15 May 2009, 08:22 UTC · By: Tudor Raiciu / Apart from dealerships and parts suppliers, the Chrysler bankruptcy could claim another victim in the industry, quite an expected one we might add. We're talking about the SiriusXM satellite ra...
US Treasury: We're Not Involved in Chrysler's Dealership Cut!
15 May 2009, 07:26 UTC · By: Bogdan Popa / Following Chrysler's announcement that it will reject 789 dealers in the United States, the US Treasury officials stepped in the front of the media representatives and insisted they haven'...
Confirmed: Chrysler Kills 789 Dealers!
15 May 2009, 06:24 UTC · By: Bogdan Popa / Chrysler today announced that it has filed a motion with the US Bankruptcy Court to reject almost a quarter of its US dealerships as part of the reorganization process it started on May 1. The Ameri...
Chrysler's Dealers, Minus 1,000
14 May 2009, 08:45 UTC · By: Daniel Patrascu / After we already told you the plans GM has with a large part of its dealers, here comes the unpleasant task to do the same for Chrysler. According to some reports surfaced yesterday, the bankrupt Am...
Chrysler Bankruptcy Could Take Two Years
13 May 2009, 09:43 UTC · By: Bogdan Popa / That would be something... Instead of the 60 days period announced by President Barack Obama, Chrysler's bankruptcy could take up to two years, Bloomberg reported today citing an administration...
Obama Cuts Chrysler's Ad Budget
12 May 2009, 12:32 UTC · By: Daniel Patrascu / As we have seen in our previous reports, Chrysler has put its main advertising partner, BBDO Detroit to work for the creation of the company's new image. Even if such a move under bankruptcy mi...
Updated: Lutz, Stephens, Forster Jump Ship
12 May 2009, 08:08 UTC · By: Daniel Patrascu / Don't get over excited by the title of this piece. If you work for GM, "GM Execs Jump Ship" doesn't stand for "you'll get rid of them because they quit". It's...
GM, Knockin' on Bankruptcy's Door
12 May 2009, 07:10 UTC · By: Daniel Patrascu / The future of GM seems to no longer be so unforeseeable as it was one month ago. In fact, the only thing which can surprise is GM not filing for protection. This is even obvious for the company'...
Nardelli Says "My Bad' for Trenton/Kenosha Mistake
11 May 2009, 12:15 UTC · By: Daniel Patrascu / As the old latin saying goes, "erare humanum est" which means not even CEOs are excepted. The only difference is that when one of them gets it wrong, as Chrysler's CEO did, the conseq...
GM to Make Supplier Payments Five Days Sooner
11 May 2009, 10:19 UTC · By: Bogdan Popa / General Motors will make monthly payments to suppliers five days earlier this month, the American automaker mentioned in a letter sent a few days ago. The reason? The company is taking action "...
GM Will Get a Hand to Go into Bankruptcy
10 May 2009, 15:23 UTC · By: Daniel Patrascu / As was the case with Chrysler, GM seems to have no other way out of its predicament than filing for protection. All of those involved are aware of this and, as was to be expected, the US government ...
Germany Braces for GM Bankruptcy
10 May 2009, 13:07 UTC · By: Daniel Patrascu / With talk of the possible future owner of the German brand continuously intensifying, the German government has to take into account a possible filing for bankruptcy of Opel’s current mother c...
GM Drives Passenger Car Production Overseas
10 May 2009, 08:45 UTC · By: Bogdan Popa / There's no wonder that automakers around the world are seeking ways to reduce costs in every single area but, in GM's case, things are evolving in desperate way. As if the so-many cost-cut...
New Chrysler Ad Campaign Videos
8 May 2009, 09:06 UTC · By: Daniel Patrascu / As you witnessed in our previous reports, Chrysler has joined once again forces with advertising agency BBDO Detroit for the creation of their new advertising campaign. The results of this effort ha...
GM Feels the First Taste of Bankruptcy, Reports $6bn Loss
7 May 2009, 13:45 UTC · By: Bogdan Popa / It may seem like bankruptcy becomes inevitable for General Motors too as even the so-many anti-recession moves it applied in the United States prove to be useless. The American giant today announced...
Dodge Avenger, Chrysler Sebring to Get Through 2010
7 May 2009, 11:15 UTC · By: Bogdan Popa / Since Chrysler has already filed for bankruptcy in the United States, there are numerous reports surfacing and hinting to a bunch of models that might be after all discontinued over the next few yea...