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Chrysler submits $448 million electric car plan

admin — Wed, 27 May 2009 10:31:52 +0000

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.

Millard’s Investment Plan for Pension Agency Wasn’t Implemented

admin — Sun, 17 May 2009 18:44:13 +0000

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 …

Creditors Opposing Chrysler’s Overhaul Plan End Alliance

admin — Sun, 10 May 2009 20:02:12 +0000

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.

Trichet Says ECB Agrees on $81 Billion Bond Plan

admin — Thu, 07 May 2009 22:17:09 +0000

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 …

Will Obama tax plan really save jobs?

admin — Wed, 06 May 2009 15:32:26 +0000

President says his proposals to change tax breaks for US multinationals will spur employment. Experts don’t think so. By Jeanne Sahadi, CNNMoney.

GM CEO to provide update on restructuring plan

admin — Mon, 27 Apr 2009 15:15:28 +0000

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.

Tea party demonstrators wail that President Obama’s tax plan is too steep

admin — Thu, 16 Apr 2009 14:45:34 +0000

BY Celeste Katz Thousands of fed-up taxpayers hit America’s streets Wednesday in nationally orchestrated “Tax Day TEA Parties” – including one outside City …

Chrysler lenders plan debt offer -WSJ

admin — Tue, 14 Apr 2009 06:17:46 +0000

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.