Finance Style – Financial News & Articles Summary

Source says few GM bondholders were interested in a proposal to swap debt for stock – virtually guaranteeing a bankruptcy filing in the next few days.

DETROIT (Reuters) – US automaker Chrysler LLC said on Tuesday it submitted proposals totaling $448 million to the US Department of Energy to research and develop electric vehicles and plug-in hybrid models.

AP BERLIN — Germany could provide any new investor in General Motors Corp.’s Opel unit bridge financing of €1.5 billion ($2.1 billion), Finance Minister Peer Steinbrück said Wednesday ahead of top-level meetings on the future of the auto maker.

Union agrees with change in funding for retiree health care, one of key obstacles GM needed to clear to avoid bankruptcy. But other hurdles remain.

Fiat contends it has the best bid for GM’s European operations, but Opel may be looking elsewhere. LONDON – In a crowded bid to see who will win Opel, General Motors’ European unit, several reports said Thursday that Magna International was a preferred …

Thousands of workers from the Italian carmaker Fiat have held a demonstration near the company’s headquarters to call for job guarantees.

By MELISSA EDDY Volkswagen AG said Sunday it was indefinitely postponing talks over a planned integration with Porsche SE, but the sports car maker insisted that only the next round had been canceled.

Thousands of workers marched from the Mirafiori factory in the northern Italian city to near the headquarters, where union leaders gave speeches.

By JENNIFER 8. LEE A federal court in Chicago issued a restraining order on Friday against three companies accused of aggressively making automated calls to sell car warranties across the country, the Federal Trade Commission announced.

By sara.behunek – The Big Money Topping today’s business press is the first round of dealership cuts coming from beleagured car maker General Motors (GM), news that comes on the heels of sweeping closures announced for Chrysler dealerships.