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.
Former Chrysler dealer to take fight for franchises to US District CourtJune 22nd, 2009 Chrysler dealer appeals franchise terminationsNEW YORK — A pair of former Chrysler LLC dealerships are appealing a bankruptcy judge's order terminating their franchises and those of more than 700 others. Tarbox Motors and Tarbox Chrysler Jeep filed a notice of appeal on Friday, saying that they were appealing the decision to U.S.
Bankruptcy judge OK's GM motion to terminate aircraft leasesJune 18th, 2009 Judge approves termination of GM aircraft leasesNEW YORK — A bankruptcy judge ruled Thursday that General Motors Corp. can terminate its aircraft leases as part of its ongoing restructuring.
GM says 15 to 20 dealers win appeals, win reprieves from company plans to shut them downJune 9th, 2009 GM says 15 to 20 dealers get reprieve from closureDETROIT — Up to 20 General Motors Corp. dealerships have been spared the death penalty after the company reviewed their cases and reversed plans to end their franchise agreements, a top GM executive said Tuesday.
Trio of Indiana funds to argue against Chrysler's sale to Fiat in appeals court FridayJune 5th, 2009 Appeals court to hear argument vs. Chrysler saleNEW YORK — The decision on whether Chrysler can sell the bulk of its assets to a group led by Italy's Fiat as part of its plan to emerge from bankruptcy protection is in the hands of a federal appeals court.
Chrysler to ask bankruptcy judge to terminate dealer franchises; Ind. funds get appeal hearingJune 3rd, 2009 Judge to rule on termination of franchisesNEW YORK — A bankruptcy judge is getting ready to decide whether Chrysler can terminate the franchise agreements of 789 of its dealers. U.S. Judge Arthur Gonzalez is expected to hear testimony Wednesday from Chrysler executives and dealers.
Chrysler motion to terminate 789 dealer franchises pushed back by a dayJune 3rd, 2009 Motion to terminate dealer franchises postponedNEW YORK — A hearing on Chrysler's request to terminate the franchises of 789 of its dealers has been pushed back by a day. U.S. Judge Arthur Gonzalez will hear arguments Thursday on the Auburn Hills, Mich.-based automaker's motion to eliminate the franchises.
Senate committee to hear from GM, Chrysler executives on dealer closingsJune 1st, 2009 GM, Chrysler executives to face Congress WednesdayWASHINGTON — Top executives from General Motors and Chrysler will appear before a Senate committee Wednesday to address concerns about hundreds of dealership closings as the two automakers work through government-led bankruptcies. GM CEO Fritz Henderson and Chrysler President Jim Press will appear before the Senate Commerce Committee chaired by Democratic Sen.
Judges denies retirees group request to form a formal committeeMay 14th, 2009 Chrysler Notebook: Judge denies retirees motionNEW YORK — Developments from Thursday's Chrysler bankruptcy hearing:
THE ISSUE: A group representing Chrysler retired salaried workers asked U.S. Judge Arthur Gonzales for permission to form a formal committee to take part in Chrysler LLC's bankruptcy process.
Judge turns down Chrysler retirees' motion to form committee in bankruptcy proceedingsMay 14th, 2009 Judge denies Chrysler retirees' motionNEW YORK — A judge says there isn't sufficient cause to form a committee of Chrysler's retired white collar workers to take part in the automaker's bankruptcy proceedings. U.S. Judge Arthur Gonzales on Thursday denied the National Chrysler Retirement Organization's motion without prejudice, meaning that attorneys for the group can return to make their request again if circumstances change.
AP Source: Chrysler to cut at least 800 of 3,200 dealers on Thursday as part of restructuringMay 12th, 2009 AP Source: Chrysler to cut 800 dealers on ThursdayDETROIT — Chrysler LLC plans to fire up to 800 of its 3,200 dealers on Thursday, a lawyer seeking to represent the dealers said on a conference call. The lawyer, Stephen Lerner, who heads the bankruptcy and restructuring practice of the law firm Squire Sanders, told dealers on the Tuesday call that the automaker plans to reject at least 800 franchise agreements, according to a dealer who listened to the call.
Creditors pave way for Chrysler to exit bankruptcyMay 9th, 2009 WASHINGTON - Chrysler took a giant step towards emerging from bankruptcy and joining Italy's Fiat Spa after a group of the US carmaker's creditors Friday gave up their hopes for a better deal. Chrysler last week filed for bankruptcy protection after failing to strike an agreement with about one quarter of its smaller debt holders.
Group of dissident Chrysler lenders files motion to block sale of automaker's assets to FiatMay 5th, 2009 Lenders group objects to sale to FiatNEW YORK — A dissident group of Chrysler lenders is objecting to the sale of the bulk of the automaker's assets to Italian automaker Fiat, saying that the proposed sale process is designed to prevent competitive bidding. In an objection filed Tuesday, the lenders group says the proposed bidding procedures only give the appearance of legitimacy and don't maximize the sale price of the assets.
Chrysler is due in court today to start Chapter 11 bankruptcy proceedingsMay 1st, 2009 Chrysler is in court today for bankruptcy hearingNEW YORK — Attorneys packed a downtown Manhattan courtroom Friday morning for Chrysler's first hearing that may signal whether a quick, "surgical" bankruptcy will be possible for the automaker. The nation's third-largest automaker filed for bankruptcy protection Thursday with an ambitious plan to emerge in as little as 30 days as a leaner company.
Meltdown 101: How government support makes Chrysler's bankruptcy different from othersApril 30th, 2009 Meltdown 101: How Chrysler bankruptcy is differentThe U.S. government expects Chrysler to spend one to two months in bankruptcy under a plan announced on Thursday.
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