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.
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.
By MICHAEL J. de la MERCED A group of Chrysler creditors opposing the carmaker’s reorganization will disband after two more investment firms withdrew, removing a vocal bloc of opposition to the sale of some company assets to Fiat.
* Lawyers say group lacks ‘critical mass” (Recasts, adds comments from US Rep. Peters, Chrysler and background) By Poornima Gupta DETROIT, May 8 (Reuters) – A group of Chrysler LLC’s dissident lenders disbanded, representatives said on Friday, …
Chrysler moved closer toward selling the company—or at least, the brands and plants that potential buyer Fiat Auto wants to keep—in bankruptcy court yesterday.
By MICHELINE MAYNARD DETROIT – Labor unions usually dread bankruptcy, and for good reason. Their pay, benefits and pensions typically suffer significant cuts, as airline and steel workers can attest.
Thomas Lauria, front, who represents a committee of the secured creditors, didn’t raise any objections to various motions Friday.
The automaker has driven a bumpy road. Highlights include Sherman tanks, K-cars, the modern minivan. A low point was being rescued from bankruptcy by President Carter.
Auto task force members, from left: Treasury’s Ron Bloom and Gene Sperling, Labor’s Edward Montgomery, and Steve Rattner. BY DAVID E. SANGER and BILL VLASIC WASHINGTON – Fresh from pushing Chrysler into bankruptcy, President Obama and his economic team …
By Joseph Checkler Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)–President Barack Obama’s scolding of hedge funds sparked an immediate backlash from fund managers who resent what they see as an increasingly heavy-handed approach from Washington.