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chrysler bankruptcy

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    Fiat to Chrysler: "We won't walk away"

    In spite of pleas from the White House and the Justice Department, the Supreme Court yesterday put a hold on Chrysler's sale to Fiat. On one side are Indiana pension funds who want to protect their investment. On the other side are Chrysler and Fiat, who want to protect Chrysler's very existence, ...

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    Dealer Bailout: Chrysler to redistribute all new inventory

    After the suggestion of Congressional hearings on the matter, Chrysler's Jim Press assured Senator Kay Bailey Hutchison (R-TX) that Chrysler dealers with leftover inventory after June 9 would "receive a fair and equitable value." It appears that Chrysler is making good on that promise. The ...

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    BREAKING: Supreme Court stays sale of Chrysler to Fiat

    The sale of Chrysler's assets to Fiat have been delayed by Supreme Court Justice Ruth Bader Ginsburg after three Indiana state pension funds lost their case in New York and filed papers with the highest court the land. Early reports indicate that this is only a temporary stay, with Ginsburg saying ...

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    Ruh-Roh, Chrysler: Fiat finishes dead last in new British J.D. Power survey

    What automaker has a lower owner satisfaction score in the UK than Chrysler? The one and only company that makes automobiles less tasty to UK consumers is Fiat. Both brands, which are soon to be joined at the arm rest, scored significantly below both the industry average and survey champ Lexus, ...

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    Chrysler bankruptcy taken to Supreme Court by unhappy shareholders

    As the movie Hoosiers amply demonstrated, Indiana natives don't quit. That's also true for three Indiana state pension funds who have fought Chrysler's bankruptcy all the way to the federal appeals court in New York and, having lost their case there, are filing papers with the Supreme Court ...

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    FOLLOWUP: Chrysler, Fiat reportedly agree to honor lemon law claims

    On a recent episode of The Chrysler Files, customers who purchased Chrysler vehicles that were later officially certified as lemons were being reimbursed by the company with checks... that bounced. The snafu stemmed from the fact that while said claims were made before Chrysler's bankruptcy, after ...

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    Officially, Official: Bankruptcy judge approves sale of Chrysler assets

    Late Sunday night, U.S. bankruptcy Judge Arthur Gonzalez approved the sale of Chrysler's remaining good assets to a group that includes the UAW VEBA health care trust, Fiat, and the U.S. and Canadian governments. The union will get a 68% stake, Fiat gets 20% and the governments split the rest. ...

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    GM and Chrysler CEOs called to D.C. to explain dealer closings

    The situations with GM and Chrysler are beginning to look like what happens after a fumble in an NFL game: a dozen men pile on top of each other all trying to get the ball. The difference in the case of GM and Chrysler is there are far more than two teams struggling for the prize. The latest to hop ...

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    REPORT: Slighted dealers line up to criticize Chrysler tactics

    A story in the New York Times shines a light on some reasons for the Committee of Chrysler Affected Dealers to challenge the car company's bankruptcy efforts. The element common to all of the dealers profiled is that they did extraordinary things Chrysler asked them to do, such as buy too many cars ...

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    Consumer group objects to Chrysler bankruptcy, says customers could be stranded without warranty

    Joseph Heller's novel Catch-22 is an assault on bureaucratic circular logic, and when talk turns to Chrysler's bankruptcy, you can almost picture the book's character, Yossarian, shaking his head about the latest developments surrounding warranty claims. Current Chrysler owners might find ...

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    Calling All Cars: Chrysler reportedly repo'ing Iacocca's company rides

    Found in the "What have you done for me lately?" bin, Chrysler is apparently asking former CEO Lee Iacocca for the keys to his company cars. According to a FOX report, as part of their Chapter 11 bankruptcy filing, Chrysler isn't allowed to provide vehicles to former execs, even if those execs once ...

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    And so it begins: Affected Chrysler dealers prepare suit

    Click above to view and explore Chrysler's dealer rejections nationwide and in your town
    The consequences of the Obama Administration's hope for New Chrysler to emerge from bankruptcy as quickly as possible will be felt by the 789 dealerships being shut down by the automaker on June 9th. According ...

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    Mapping the Carnage: Laying out Chrysler's dealer closings nationwide

    Click above to view and explore Chrysler's dealer rejections nationwide and in your town
    There's no easy to way to put it: Chrysler's bankrupt. The only way for the Auburn Hills-based automaker to emerge from bankruptcy is to make some drastic moves. Fortunately, filing for Chapter 11 allows a ...

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    Autoblog Podcast #127

    Click above for the Autoblog Podcast in iTunes, RSS or listen now!
    Chris, Sam, and Dan kick it for Episode #127 of the Autoblog Podcast. Of course, there are the usual tangents around the topics, which this week include BMW's new Z4, a poll about Hybrids, Chrysler's bankruptcy, Toyota's losses, ...

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    Who are Chrysler's top ten creditors? The answer may surprise you

    Chrysler's top ten creditors are owed about $400 million, and the top two creditors account for nearly $130 million of that. The company first in line for payment is Ohio Module, which is a subsidiary of Hyundai Mobis, which is in turn a publicly traded subsidiary of Hyundai. Ohio Module makes ...

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    Tale of two Chryslers: Bankruptcy could take two years, not two months

    When President Obama announced that Chrysler LLC would be filing for Chapter 11 bankruptcy in late April, he mentioned that the beleaguered automaker could emerge after 60 days. "Well, that's not so bad," we all thought. Turns out that as details of Chrysler's reemergence begin to surface, the ...

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    REPORT: Chrysler affidavits reveal crippling problems that hurt chances for success post-bankruptcy

    History could eventually reveal that Chrysler declaring bankruptcy may have just been the easy part. According to CNN, affidavits taken from Chrysler engineers and executives do a pretty good job of showing that things will get really tough when it's time for the automaker to start making cars ...

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    Chrysler bankruptcy lawyers reportedly ask to be paid up-front

    Attorneys from Jones Day law firm representing Chrysler during bankruptcy have taken the unusual step of asking the judge to "give their fees special priority." Two reasons have been hypothesized for the move: the lawyers don't think there will be any money for trade debts from the leftover pieces ...

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    Chrysler's dissident lender group withdraws objections

    There was a minority group of some 20 Chrysler lenders that were fighting the repayment arrangements Chrysler was trying to make before Chrysler declared bankruptcy. Led by Oppenheimer and Stairway Capital, they were owed $2.9 billion and didn't feel they were getting all they could. After Chrysler ...

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    Chrysler creditors continue to object, claim death threats

    The same creditors who President Obama scolded last week for preventing Chrysler from restructuring outside of bankruptcy have filed objections in bankruptcy court against the automaker's plan to reemerge as a new company owned in part by Fiat. Chrysler has about $6.9 billion in debt that it owes ...


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