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Stories about: bankruptcy

Chrysler: Daimler Withdrawal Benefits the Fiat Deal
Chrysler: Daimler Withdrawal Benefits the Fiat Deal

28 Apr 2009, 15:38 UTC · By: Daniel Patrascu / As we reported earlier today, German manufacturer Daimler announced it will give up its 19.9 percent stake in Chrysler. Even if the reason why the Germans chose to do this is yet unclear, the move i...

 
GM Confirms It Expects Chapter 11
GM Confirms It Expects Chapter 11

28 Apr 2009, 13:37 UTC · By: Daniel Patrascu / Alongside with the new survival plan submitted by the American manufacturer yesterday, GM has also launched its "public exchange offers for $27 billion of its unsecured public notes". As p...

 
Germany Eyes Magna for Opel Investment
Germany Eyes Magna for Opel Investment

28 Apr 2009, 12:20 UTC · By: Daniel Patrascu / The German Economy Minister Karl-Theodor zu Guttenberg is meeting today representatives of Magna to discuss a possible investment of the company in GM's Opel. This comes as a result of a possib...

 
Autoevolution Poll Shares Apocalyptic Vision: GM Will Go Bankrupt
Autoevolution Poll Shares Apocalyptic Vision: GM Will Go Bankrupt

28 Apr 2009, 09:34 UTC · By: Tudor Raiciu / Things are not looking good for the once sales leader in the automotive world and our readers seem to think the same. Following the numerous reports last week concerning General Motors and the bleak...

 
Chrysler's Green Mile...
Chrysler's Green Mile...

27 Apr 2009, 14:57 UTC · By: Alex Oagana / ... Before the April 25-26 weekend came to an end, there was an increasing wave – or should I say tsunami? - of media reports concerning the completely inevitable Chapter 11 reorganization of ...

 
GM Cuts 20% of Its Marketing Staff
GM Cuts 20% of Its Marketing Staff

26 Apr 2009, 17:13 UTC · By: Daniel Patrascu / After US automakers GM and Chrysler announced at the beginning of this year their intention to cut off a significant percent of the marketing budget, the two companies finally got to this part of th...

 
US Prepares Chrysler for Bankruptcy
US Prepares Chrysler for Bankruptcy

24 Apr 2009, 13:05 UTC · By: Bogdan Popa / It seems like Chrysler's fate is now sealed: the American car giant is going nowhere but towards Chapter 11, as bankruptcy remains the only possible option taking into account the current situa...

 
GM Confirms It Will Idle 13 Plants
GM Confirms It Will Idle 13 Plants

24 Apr 2009, 08:46 UTC · By: Daniel Patrascu / Following yesterday's reports that GM's American plants will be closed down this summer, in order to cut costs and reduce car inventory, the official confirmation came yesterday, as the ma...

 
Rumor: GM to Temporarily Close Most US Plants
Rumor: GM to Temporarily Close Most US Plants

23 Apr 2009, 07:23 UTC · By: Daniel Patrascu / It appears GM is in for a very long summer, as sources familiar with the survival plan being drafted by the American manufacturer claim most its factories in the US will be closed for a period of up...

 
Saab Showcases Its Operations to Investors
Saab Showcases Its Operations to Investors

17 Apr 2009, 14:36 UTC · By: Daniel Patrascu / Tired or not of Saab's story, there is no getting around the Swedish manufacturer. The ever growing number of investors who are supposedly taking interest in GM's unwanted brand are now be...

 
Opel Says There Is Life after GM's Chapter 11
Opel Says There Is Life after GM's Chapter 11

17 Apr 2009, 12:53 UTC · By: Bogdan Popa / Even if parent company General Motors bites the dust and files for Chapter 11 bankruptcy protection, the German unit Opel has the ability to remain in business and to continue its operations in norm...

 
GM to Close 1,700 Dealerships by June 1st
GM to Close 1,700 Dealerships by June 1st

16 Apr 2009, 08:09 UTC · By: Daniel Patrascu / The inevitable June the 1st deadline, as well as the "under the table" talks of Chapter 11, had the effect the US government both hoped for and expected: GM throttles up restructuring. The...

 
GM's Bankruptcy: Fast It Will Be Not
GM's Bankruptcy: Fast It Will Be Not

14 Apr 2009, 14:31 UTC · By: Daniel Patrascu / As we informed you in our previous reports, GM is taking small and steady steps, guided by the US Treasury Department, towards entering court supervised bankruptcy. Still, the US governments' h...

 
GM Shares Plunge Following Bankruptcy Fears
GM Shares Plunge Following Bankruptcy Fears

13 Apr 2009, 15:33 UTC · By: Daniel Patrascu / Talk of GM's imminent filling for Chapter 11 has had nothing but the expected result on the company's shares, as they dropped by 16 percent today following the news that the US Treasury De...

 
GM Told to Prepare for Chapter 11 by June 1st
GM Told to Prepare for Chapter 11 by June 1st

13 Apr 2009, 09:22 UTC · By: Daniel Patrascu / The first nail in GM's coffin was hammered by the US Treasury Department yesterday, as it told General Motors to prepare for Chapter 11 filling by June the 1st, the date when the new deadline s...

 
Hyundai Goes After Denny Hecker
Hyundai Goes After Denny Hecker

13 Apr 2009, 08:56 UTC · By: Daniel Patrascu / The Minnesota based car dealer Denny Hecker has been sued by Hyundai Motor Finance for a $104 million debt, following in the footsteps of American manufacturer Chrysler, who also sued Hecker for an ...

 
Marchionne to Head Chrysler?
Marchionne to Head Chrysler?

13 Apr 2009, 08:28 UTC · By: Daniel Patrascu / The deadline given by the US government to Chrysler is slowly approaching its term and some major changes are expected to take place not only in the lower ranks, but at the top level management as w...

 
GM CEO: We Are Days Away from Selling Hummer
GM CEO: We Are Days Away from Selling Hummer

13 Apr 2009, 07:23 UTC · By: Bogdan Popa / As we're sure you know, Fritz Henderson, the newly-appointed General Motors CEO, is now responsible for GM's over-discussed restructuring plan that is supposed to bring the American giant ...

 
Standard & Poor's Cut GM, Chrysler Ratings
Standard & Poor's Cut GM, Chrysler Ratings

13 Apr 2009, 06:17 UTC · By: Daniel Patrascu / The watchful eye of rating provider Standard & Poor’s decided to cut their debt ratings of both US manufacturers GM and Chrysler. The company did that based on the fact that the two compan...

 
Heuliez Nears Collapse
Heuliez Nears Collapse

7 Apr 2009, 14:00 UTC · By: Daniel Patrascu / The hopes French coachbuilder Heuilez had for both its Friendly all electric vehicle and the promises made by the French government to help the company escape the crisis' grip are slowly slippi...