Consumerist
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auto bailout
GM To Close Up To 1200 Dealers
The automotive bloodbath continues today as GM plans to eliminate up to 1,200 dealerships. The dealers could start getting notification as soon as Friday. More » -
auto bailout
Bankruptcy Court To Reveal The Identities Of Investors Trying To Stop The Chrysler/Fiat Deal
Hey, this is getting kinda dramatic. Over in bankruptcy court land, Judge Arthur Gonzalez has decided to reveal the identities of the group of investors calling themselves "Non-TARP" lenders that are seeking to stop the auction of most of Chrysler's assets to an entity managed by Fiat SpA, says Bloomberg. More » -
Will A Merger Between Fiat and Chrysler Improve Reliability? Nah, probably not. [Consumer Reports]
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investments
How Does The Chrysler Bankruptcy Impact Your Mutual Fund?
What impact does the Chrysler bankruptcy have on regular investors who hold bond funds? Most likely little to none, it turns out. Consumer Reports points out that most mutual funds have been avoiding Chrylser, GM, and Ford debt for years now—and if your fund does include Chrysler, it's probably a tiny portion of your overall investment.
"Chrysler's bankrupt. What's the impact on your bond fund?" [ConsumerReports]
(Photo: dok1) -
chrysler
Chrysler Will Enter Bankruptcy, Partner With Fiat, Warranties Backed By US Government
President Obama announced today that Chrysler would seek bankruptcy protection and enter into an alliance with Fiat. The president told reporters that a "small group of speculators" made up of hedge funds and other investors held out in the hopes that the US government would bail them out. That didn't happen. More » -
President Obama is expected to speak at noon to announce the fate of Chrysler. The New York Times says, "Last-minute efforts by the Treasury Department to win over recalcitrant Chrysler debtholders failed Wednesday night, according to people briefed on the talks. Barring a last-minute agreement, Chrysler was expected to seek Chapter 11 protection, most likely in New York, these people said." [NYT]
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auto bailout
Chrysler May Avoid Bankruptcy
It now seems much more likely that Chrysler will avoid bankruptcy. BusinessWeek says that Chrysler and the US Treasury have reached a deal with the banks and private equity firms that hold Chysler's debt. More » -
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wcia 2009
Worst Company In America: Bank of America VS Chrysler
Last year's champion VS a troubled car company that used your bailout money to buy an ad thanking you for your bailout money? Which one makes you punch the wall with rage?
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auto bailout
Time Is Running Out For Chrysler! Bankruptcy "95% Certain"
With a week to go before the deadline runs out on Chrysler's bailout — it's looking less and less likely that the automaker will be saved from liquidation. More » -
bailouts
Chrysler Financial Accused Of Turning Down Government Loan To Avoid Executive Bonus Restrictions
The Washington Post has just published a story accusing executives at Chrysler Financial of turning down a $750 million government loan because they "didn't want to abide by new federal limits on pay," and instead opted for more expensive private sector financing, "adding to the burdens of the already fragile automaker and its financing company." Chrysler Financial denies the charge. More » -
wcia 2009
Worst Company In America: eBay Vs Chrysler
An internet auction giant, payment processor and ticket broker? Or a troubled car company that used your bailout money to buy an ad thanking you for your bailout money? Which do you hate more?
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wcia 2009
Worst Company In America: Dell VS Chrysler
Dell hell? Or another car company being propped up by the government? Which is worse?
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auto bailout
Obama Administration To Chrysler, GM: Sorry, You Failed.
In accordance with the March 31st deadline for evaluating the restructuring plans of the bailed out automakers, President Obama is expected to address the nation today to present his administration's findings — and the news isn't too sunny for the automakers. More » -
dirty tricks
Desperate Chrysler Dealership Resorts To Stupid Scare Tactics To Drum Up Business
Apparently the people at Integrity (!) Chrysler Jeep Dodge in Las Vegas don't read our blog, or they would have seen this post last year. Then they would have known what a bad idea it is to trick people into thinking you've hit their vehicle just to get them to call you about a trade-in offer. More » -
auto
Consumer Reports' Top 5 All-Around Car Brands
Wondering which car brands are the all-around best? According to the Automaker Report Cards published in Consumer Reports', Annual Auto Issue, 4 of the top 5 brands are Japanese, with no US car makers making the list — even though there was a 4-way tie for 5th place. Ouch. More » -
marketing
Don't Worry, Chrysler Will Still Be Paying To Put Their Cars In Terminator Movies
Despite taxing $4 billion in emergency aid from the U.S. government, Chrysler's product placement deals are not in danger. Phew. More » -
backlash
Chrysler Buys Ads Thanking You For Tax Money, You Get Pissed, Chrysler Censors You
Here's a sad little saga. After convincing our government that it was responsible enough and commercially viable enough to deserve a multi-billion-dollar bailout, Chrysler spent some of the money taking out full page ads in The Wall Street Journal and USAToday, thanking America for its money. They also posted these ads proudly on their blog. The reaction from actual Americans was, um, harsh. More »
chrysler
New York, 6:53 AM
Mon Nov 23
7 posts in the last 24 hours
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