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 Holly Rosenkrantz May 15 (Bloomberg) — The Pension Benefit Guaranty Corp. said it never fully implemented the “less conservative” investment strategy spearheaded by former Director Charles EF Millard, who is now under scrutiny for his ties to Wall …
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.
By Jana Randow and Simone Meier May 7 (Bloomberg) — European Central Bank President Jean- Claude Trichet said the ECB unanimously agreed a 60 billion-euro ($80 billion) plan to buy bonds as officials step up their response to the worst recession since …
President says his proposals to change tax breaks for US multinationals will spur employment. Experts don’t think so. By Jeanne Sahadi, CNNMoney.
DETROIT (Reuters) – General Motors Corp Chief Executive Fritz Henderson is set to provide an update on Monday on the struggling automakers restructuring amid Obama administration demands that it move faster and cut deeper.
BY Celeste Katz Thousands of fed-up taxpayers hit America’s streets Wednesday in nationally orchestrated “Tax Day TEA Parties” – including one outside City …
NEW YORK, April 13 (Reuters) – Chrysler’s creditors plan to make a counteroffer to the US Treasury this week, in which they might ask for equity in a firm combining Chrysler with potential partner Fiat spa (FIA.