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.
Supreme Court clears way for Chrysler's sale to Fiat, turning down last-ditch bid by opponentsJune 10th, 2009 Supreme Court clears way for Chrysler's Fiat saleWASHINGTON — The Supreme Court on Tuesday cleared the way for Chrysler LLC's sale to Fiat, turning down a last-ditch bid by opponents that included consumer groups and three Indiana pension plans. The court rejected a plea to block the sale of most of Chrysler's assets to the Italian automaker.
Indiana state pension and construction funds ask Supreme Court to block Chrysler sale to FiatJune 7th, 2009 Supreme Court asked to block Chrysler sale to FiatWASHINGTON — Three Indiana state pension and construction funds want the Supreme Court to block Chrysler's sale to Fiat so they can pursue an appeal in hopes of getting a better deal. The funds filed emergency papers at the high court early Sunday.
Appeals court OKs Chrysler sale to Fiat but keeps deal on hold until Monday to allow appealJune 6th, 2009 Appeals court upholds Chrysler sale to FiatNEW YORK — A U.S. appeals court on Friday upheld Chrysler's sale of most of its assets to Italy's Fiat, but the deal will remain on hold to allow an appeal to the nation's highest court.
Appeals court conditionally approves Chrysler sale but keeps deal on hold to allow appealJune 5th, 2009 Appeals court conditionally OKs Chrysler saleNEW YORK — A U.S. appeals court conditionally approved Chrysler's sale of most of its assets to Italy's Fiat Friday, but is keeping the deal on hold until Monday to allow an appeal to the nation's highest court.
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.
Obama: Chrysler-Fiat deal gives US company 'new lease on life'June 1st, 2009 Obama applauds Chrysler-Fiat dealWASHINGTON — President Barack Obama says a court's decision to approve the sale of Chrysler's assets has given the automaker "a new lease on life."
A judge approved the sale of most of Chrysler's assets to Italy's Fiat on Sunday. In a statement, the president said the deal will allow Chrysler to "successfully emerge from bankruptcy as a new, stronger, more competitive company for the future."
Chrysler filed for bankruptcy in April.
Bankruptcy judge to rule by Monday on Chrysler sale of most assets to Italy's Fiat GroupMay 30th, 2009 Judge to rule by Monday on sale of Chrysler assetsNEW YORK — A bankruptcy judge says he will rule by Monday on whether Chrysler can sell most of the company to a group headed by Italy's Fiat. U.S. Judge Arthur Gonzalez heard 11 hours of testimony and arguments Friday following marathon sessions the two previous days.
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.
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.
Bankruptcy judge approves proposed sale of Magna Entertainment assetsMay 4th, 2009 Judge approves Magna Entertainment asset saleWILMINGTON, Del. — A Delaware bankruptcy judge has approved proposed sale procedures for certain assets of horse track owner Magna Entertainment Corp.
Chrysler plans to temporarily shutdown most plants until Fiat deal closesApril 30th, 2009 Chrysler to idle plants until Fiat deal doneNEW YORK — Chrysler says it will temporarily stop most of its vehicle production until its deal with Italy's Fiat is complete. The shutdown is effective Monday and could last up to two months.
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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