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...
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...
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...
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...
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 ...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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 ...
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...
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 ...
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...
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...