reorganization


Let's Make a Deal: Chrysler, Canadian Auto Workers agree on union concessions

The April 30th deadline to reorganize looms larger by the second, and Chrysler is scrambling to make deals that could theoretically help it stave off a bankruptcy filing next week. For that to happen. Chrysler needs to get concessions from labor unions and lenders that make the financial situation palatable enough for Fiat to step in and make the automaker "financially viable" in the eyes of the President's auto industry task force. To that end, it appears that the contentious situation north of the border between the automaker and the ... Read more →

Chrysler brass sends letter asking CAW workers for concessions. Workers burn it. Alex Nunez

It boils down to this: In 12 days, Chrysler's fate is likely to be sealed, one way or another. Both the United States and Canadian federal governments have told the automaker that in order to get ...

TRUST successfully reorganized in Japan, GReddy in the U.S. churning along Damon Lavrinc

This past September, Trust Co. LTD – the parent company of GReddy Performance Products in the U.S. – declared the Japanese equivalent of Chapter 11. According to a release from the ...

Saab files for bankruptcy in Swedish courts, wants $1B Sam Abuelsamid

General Motors confirmed this morning that Saab's days as a part of the Detroit-based company are numbered. The Swedish brand has filed paperwork with courts in its home country for reorganization ...

Opinion: What should happen to Saturn, Vauxhall and Opel during GM's reorganization? Frank Filipponio

Amidst all the recent bailout talk, one question being asked is what role GM's Opel division will serve in a new-and-hopefully-improved General Motors. More succinctly, will Vauxhall and Saturn ...






Autoblog Podcast #154: Gobbling up the News

Chris, Sam, and Dan kick out a podcast just in time for the long holiday drive.

 
 

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