Auto plan splits car state reps (Dealscape

President Obama took a verbal beating Monday from some auto-state politicians after he unveiled his tough love program for General Motors Corp. and Chrysler LLC.

The president raised the prospect of a controlled bankruptcy for both automobile manufacturers. GM will get 60 days of working capital, while Chrysler has only 30 days to cut a deal with Italian automaker Fiat SpA. Chrysler announced shortly after the president's speech that it had reached an agreement on the framework of a global alliance with Fiat and its private equity partner Cerberus Capital Management LP.

This is a free preview of the content available in The Deal Pipeline. Subscribers enjoy access to the full story, as well as second-to-none research tools.

To request a demo, or, if you are an existing user to The Deal Pipeline, log in to your account, please scroll down and click the button.

Dig deeper, with Pipeline.

348 in-depth reports of M&A deals in Regulation
239 articles related to Chrysler LLC
230 in-depth reports of Bankruptcies in the Automotive sector
118 articles relayed to Barack Obama
10 years of news and analysis archives from the voice of The Deal Economy

Most searched keywords

Skadden Arps
Idearc Inc.
Deutsche Bank
Amusement parks
Deb Shops
Windstream Corp.
Concho Resources
Hanna Andersson
Tween Brands
Edward Bastian

Forward-looking intelligence allows you time to act. View this video on our restructuring content to see how you can benefit from our expertise.
NOT A SUBSCRIBER? Auto plan splits car state reps Posted on March 31, 2009 10:00 AM President Obama took a verbal beating Monday from some auto-state politicians after he unveiled his tough love program for General Motors Corp. and Chrysler LLC. The president raised the prospect of a controlled bankruptcy for both automobile manufacturers. GM will get 60 days of working capital, while Chrysler has only 30 days to cut a deal with Italian automaker Fiat SpA. Chrysler announced shortly after the president's speech that it had reached an agreement on the framework of a global alliance with Fiat and its private equity partner Cerberus Capital Management LP. This is a free preview of the content available in The Deal Pipeline. Subscribers enjoy access to the full story, as well as second-to-none research tools. To request a demo, or, if you are an existing user to The Deal Pipeline, log in to your account, please scroll down and click the button. Dig deeper, with Pipeline. 348 in-depth reports of M&A deals in Regulation 239 articles related to Chrysler LLC 230 in-depth reports of Bankruptcies in the Automotive sector 118 articles relayed to Barack Obama 10 years of news and analysis archives from the voice of The Deal Economy Most searched keywords Skadden Arps Idearc Inc. Deutsche Bank Amusement parks Deb Shops Windstream Corp. Concho Resources Hanna Andersson Tween Brands Edward Bastian		EXISTING USERS Username Password Forget your password? Missing a product?

Sales Contact Michael Crosby mcrosby@thedeal.com 212.313.9325	Media Contact Martha Brown mbrown@thedeal.com 212.313.9218
Signing in signifies that you agree to our terms and conditions. View our privacy policy.