Star Tribune emerges from bankruptcy protection with new ownership, reduced debtSeptember 30th, 2009 Star Tribune emerges from bankruptcy protectionMINNEAPOLIS — The Star Tribune of Minneapolis has emerged from bankruptcy protection with new ownership and reduced debt. In emerging from Chapter 11 on Monday, the Star Tribune is now owned primarily by its senior lenders, led by investment group Angelo, Gordon & Co.
Chrysler says it will accept more product liability claimsAugust 28th, 2009 Chrysler to accept more product liability claimsAUBURN HILLS, Mich. — Chrysler Group LLC said Thursday it will accept product liability claims in a broader number of cases than originally planned in its reorganization under bankruptcy protection.
GM and Chrysler may become bankruptcy lenders to auto parts supplier VisteonJuly 16th, 2009 GM, Chrysler among possible lenders to VisteonDOVER, Del. — Fresh from bankruptcy reorganization themselves, General Motors and Chrysler Group LLC now may become bankruptcy lenders to auto parts supplier Visteon Corp.
GM has emerged from bankruptcy after signing paperwork to transfer assetsJuly 10th, 2009 GM emerges from bankruptcyDETROIT — General Motors Corp. CEO Fritz Henderson says the new GM will be far faster and more responsive to customers than the old one.
AP source: Chrysler management shake-up coming if Supreme Court clears asset sale to FiatJune 8th, 2009 AP source: Chrysler management changes comingDETROIT — If the sale of Chrysler LLC's assets to Fiat Group SpA is cleared by the Supreme Court, the Italian automaker will shake up Chrysler management and change the company's culture, according to a senior Obama administration official. The management changes will go deeper than the previously announced departure of CEO Bob Nardelli and Vice Chairman Tom LaSorda, as Fiat CEO Sergio Marchionne takes control of the company's day-to-day operations, said the official, who requested anonymity because the changes have not been made public.
Chrysler says majority of its plants will resume production by late JuneJune 2nd, 2009 Chrysler plants to resume production by late JuneNEW YORK — Chrysler LLC is planning on resuming production at the majority of its plants by the last week of June, said Steven Landry, an executive vice president at the automaker. Chrysler idled all of its factories almost immediately after it filed for bankruptcy protection as it sought to reduce excess inventory.
Chrysler CEO sees sale to Italy's Fiat closing Friday, but dissenters could force postponementMay 29th, 2009 Chrysler heads back to bankruptcy court FridayNEW YORK — It could be decision day Friday for a judge trying to determine whether it's in the best interests of Chrysler and its stakeholders to sell most of the company to Italy's Fiat Group SpA. Robert Nardelli, Chrysler LLC's departing chairman and chief executive, testified in court Thursday that he expects the required U.S.
Chrysler's president and vice chairman LaSorda leaves Chrysler effective immediatelyMay 2nd, 2009 Chrysler president LaSorda to retire immediatelyAUBURN HILLS, Mich. — Chrysler says its president and vice chairman, Tom LaSorda, is leaving the automaker immediately.
Chrysler to file for Chapter 11, receive up to $8 billion more in gov't aid during bankruptcyApril 30th, 2009 Chrysler to get up to $8B from govt for bankruptcyWASHINGTON — Chrysler will file for Chapter 11 bankruptcy protection in New York on Thursday and will be eligible for up to $8 billion in federal aid to rebuild the ailing automaker, according to senior administration officials. The officials say bankruptcy is necessary after talks with some of Chrysler's holdout creditors over the company's $6.9 billion in debt fell apart last night.
Talks fail, Chrysler bankruptcy imminent: ReportApril 30th, 2009 WASHINGTON - Talks aimed at saving the ailing US carmaker Chrysler LLC from bankruptcy failed late Wednesday, making the company filing for court protection 'all but certain', the Wall Street Journal said in its online edition. The US government now expects to get the company through its bankruptcy-filing process quickly to pave the way for a takeover by Italian carmaker Fiat SPA, the paper wrote, quoting administration sources.
Chrysler declaring bankruptcy, seals deal with FiatApril 30th, 2009 WASHINGTON - The long ailing US carmaker Chrysler was to enter bankruptcy protection Thursday after last-ditch efforts to get an out-of-court agreement with its creditors collapsed, President Barack Obama announced. But Obama said the company had also finalised an alliance with Italian carmaker Fiat, as part of a broad deal that will be presented in the Chapter 11 bankruptcy that will be filed in New York.
Talks fail, Chrysler bankruptcy imminent: ReportApril 30th, 2009 WASHINGTON - Talks aimed at saving the ailing US carmaker Chrysler LLC from bankruptcy failed late Wednesday, making the company filing for court protection 'all but certain', the Wall Street Journal said in its online edition. The US government now expects to get the company through its bankruptcy-filing process quickly to pave the way for a takeover by Italian carmaker Fiat SPA, the paper wrote, quoting administration sources.
Canadian, Ontario governments provide financing, get 2 pct stake in retooled Chrysler CanadaApril 30th, 2009 Canadian governments to lend to Chrysler CanadaTORONTO — The Canadian and Ontario governments will jointly hold a 2 percent equity stake in a restructured Chrysler Canada and will lend about 3 billion Canadian dollars (US$2.42 billion) to help the beleaguered company while it is in bankruptcy proceedings. Prime Minister Stephen Harper's office said Thursday that the loan will cover debtor-in-possession financing and exit financing needed when the automaker emerges from court protection.
Chrysler CEO says automaker making progress toward restructuring goalsApril 29th, 2009 Nardelli says Chrysler making progressNEW YORK — With one day left to go before its deadline, Chrysler LLC's chief executive said Wednesday that the automaker is making progress toward meeting the government's restructuring requirements. In a letter to Chrysler employees obtained by The Associated Press, CEO Robert Nardelli pointed to the deal reached Tuesday with the automaker's largest debt holders, along with a tentative new labor agreement approved by union leaders earlier this week.
Chrysler CEO says management is working to get more aid, save company and its jobsApril 27th, 2009 CEO says he's working to save Chrysler and jobsDETROIT — Chrysler Chief Executive Robert Nardelli is telling employees that management is doing all it can to get more government aid and save their jobs. Nardelli says in an e-mail Monday that management's No.
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