9 result(s) displayed (1 - 9 of 9):

Creditors of old Chrysler sue Daimler (from Corporate Dealmaker)

The new, government-backed Chrysler Group LLC is out of Chapter 11. But the remnants of the old company are still stirring, with Chrysler creditors on Tuesday suing former owner Daimler AG (NYSE:DAI) in an attempt to recover "billions" they say was taken out of the automaker prior to its sale...

Posted on August 18, 2009 5:30 PM

Fiat CEO putting his stamp on Chrysler (from Corporate Dealmaker)

Fiat SpA CEO Sergio Marchionne (pictured) has apparently wasted little time putting his stamp on Chrysler Group LLC.Marchionne, who took the top job at Chrysler earlier this month when the automaker emerged from Chapter 11 aligned with Fiat, has compressed eight layers of management into five and has begun making...

Posted on June 24, 2009 1:31 PM

May auto sales: Steep declines in the rear view mirror? (from Corporate Dealmaker)

Ford Motor Co. (NYSE:F), the nation's last major auto company operating outside of bankruptcy, showed continuing signs of momentum in May while newly insolvent General Motors Corp. provided at least a glimmer of hope.Ford U.S. sales for the month, though down 24% compared to May 2008, were the highest...

Posted on June 2, 2009 3:04 PM

Auto bankruptcies, politics and dealer closings (from Corporate Dealmaker)

With General Motors Corp. having joined Chrysler LLC in government-orchestrated and -financed bankruptcy, one question stands out: Can the restructurings proceed without major political meddling in what ought to be business decisions?Even the optimists have to be worried on this front. Meanwhile, the answer to a related question -- whether...

Posted on June 1, 2009 9:47 AM

Nutty 9/11 references help overheat Chrysler debate (from Corporate Dealmaker)

With billions of dollars and thousands of jobs at stake, it's no surprise that the restructuring of Chrysler LLC has turned into a heated affair. Even so, the rhetoric on both sides has gotten a little wild. How wild? Try a full-throated invocation of 9/11 on cable news and a...

Posted on May 29, 2009 8:45 AM

Chrysler requests funds for electric vehicle R&D (from Corporate Dealmaker)

Bankrupt Chrysler LLC, already the recipient of more than $8 billion in government largess, has submitted proposals asking for $224 million from the Department of Energy to fund research into electric vehicles and plug-in hybrids. Chrysler in a statement announcing the submissions said it and partners are asking for the...

Posted on May 27, 2009 2:32 PM

Chrysler names Kidder chairman (from Corporate Dealmaker)

Bankrupt Chrysler LLC on Wednesday afternoon named a new chairman: C. Robert Kidder, the former chair of Duracell International Inc. and Borden Chemical Inc. He'll take up his duties at the automaker once it completes its reorganization and begins an alliance with Fiat SpA.Kidder, who is currently the lead director...

Posted on May 20, 2009 5:01 PM

Auto sales down in April, but Detroit hopeful (from Corporate Dealmaker)

Automakers reported another dismal month of sales in April, though the U.S. companies all reported reason for hope that the worst might be behind them.Chrysler LLC, which filed for Chapter 11 protection on Thursday, saw sales fall 48% from April 2008, with crosstown rivals General Motors Corp. (NYSE:GM) and Ford...

Posted on May 1, 2009 3:51 PM

Chrysler UAW deal puts spotlight on lenders (from Corporate Dealmaker)

The good news is that Chrysler LLC and the United Auto Workers union have reached a tentative agreement on contributions to a retiree healthcare trust and labor costs. Bloomberg reports that the deal calls for the trust to take a stake of about 20% in a restructured Chrysler in lieu...

Posted on April 27, 2009 9:33 AM