Freedom Communications granted motions to help continue operations in Chapter 11 proceedingsSeptember 2nd, 2009 Freedom wins motions to keep operating in Ch. 11WILMINGTON, Del.
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.
Court OKs Chrysler's sale to Fiat, but Supreme Court appeal likely; GM to spend $2B on DelphiJune 6th, 2009 GM and Chrysler's bankruptcy cases at a glanceA summary of developments in the Chapter 11 bankruptcy cases of General Motors Corp. and Chrysler Group LLC
GENERAL MOTORS — DAY 37
WHERE DOES IT STAND?: Tuesday marked Detroit-based GM's 37th day under bankruptcy court protection.
Obama says both GM and Chrysler will survive current financial convulsions, will prosperJune 1st, 2009 Obama: Taxpayer are reluctant shareholders in GMWASHINGTON — President Barack Obama is defending the government's intervention in the auto industry, saying the collapse of GM and Chrysler would have been devastating for the economy and American workers. Obama said his policies will help both General Motors Corp.
US Bankruptcy judge appears close to ruling on sale of Chrysler to Italy's FiatMay 29th, 2009 Chrysler appears hours away from Fiat sale rulingNEW YORK — Chrysler LLC could be hours away from a ruling on its plan to sell most of the company to a group led by Italy's Fiat Group SpA, a big step toward its goal of a speedy exit from bankruptcy protection. Closing statements on the sale began in U.S.
Chrysler files motion in bankruptcy court to eliminate 789 of its 3,200 dealershipsMay 14th, 2009 Chrysler moves to eliminate 789 of 3,200 dealersNEW YORK — Chrysler LLC has told a bankruptcy court it plans to eliminate 789 of its dealers — or about 25 percent of them — across the country as part of its restructuring process. The automaker has about 3,200 dealers but says that's too many.
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.
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.
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 Financial to immediately stop dealer wholesale financingMay 2nd, 2009 Chrysler Financial to suspend dealer financingFARMINGTON, Mich. — Chrysler Financial says it's temporarily suspending financing for Chrysler dealers effective immediately.
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.
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 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.
Source says Fiat still wants deal even if Chrysler forced into bankruptcy protectionApril 27th, 2009 Source: Chapter 11 won't kill Fiat-Chrysler dealMILAN — Fiat still wants to pursue an alliance with Chrysler if the U.S. automaker is forced to file Chapter 11 bankruptcy protection from creditors, a source close to the Turin-based automaker said Monday.
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