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calculatedriskblog.com - 3/30/2009
Administration on GM, Chrysler
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Update2: From MarketWatch: Corrected: Chrysler, Cerberus agree to Fiat deal framework Update: The government is also backing warranties for GM and Chrysler. That is a key step towards bankruptcy. US backs warranties for GM, Chrysler (ht Stephen) The US government Monday said it is guaranteeing ...
U.S. Expected to Give More Financing to Automakers
nytimes.com - 3/27/2009
U.S. Expected to Give More Financing to Automakers
— nytimes.com — The administration also is expected to impose a strict deadline for bondholders and union workers to make... concessions. (more) U.S. Expected to Give More Financing to Automakers

Comments vote down DealBook found this 3/27/2009found this
Obama Says GM, Chrysler Have Last Chance to Survive (Update2)
bloomberg.com - 3/30/2009
Obama Says GM, Chrysler Have Last Chance to Survive (Update2)
— bloomberg.com — March 30 (Bloomberg) -- President Barack Obama gave General Motors Corp. and Chrysler LLC deadlines to “fundamentally... restructure” or lose government aid that has kept them alive. Obama rejected recovery plans submitted by the companies last month ... (more) Obama Says GM, Chrysler Have Last Chance to Survive ...

Comments vote down Finance Trends Matter found this 3/30/2009found this
Obama Says GM, Chrysler Have Last Chance to Survive (Update4)
bloomberg.com - 3/30/2009
Obama Says GM, Chrysler Have Last Chance to Survive (Update4)
— bloomberg.com — March 30 (Bloomberg) -- President Barack Obama gave General Motors Corp. and Chrysler LLC deadlines to “fundamentally... restructure” or lose government aid that has kept them alive. Obama rejected the companies’ recovery plans and forced GM Chief ... (more) Obama Says GM, Chrysler Have Last Chance to Survive ...

Comments vote down naked capitalism found this 3/30/2009found this

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Bear Mountain Bull:  Government Garage

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Government Garage
Bear Mountain Bull — From Calculated Risk : Update: The government is also backing warranties for GM and Chrysler. That is a key step towards bankruptcy. US backs warranties for GM, Chrysler (ht Stephen) The US government Monday said it is guaranteeing the warranties of new vehicles bought from General Motors and Chrysler in a bid to boost consumer confidence and auto sales. The Treasury Department said it had taken the temporary step to allay consumer worries about buying new cars from the two nearly bankrupt manufacturers that are on government life support. The new plan addresses fears ...

Related: government backing of warranties for gm, Chrysler
Chrysler/Fiat Merger: It’s All About Fiat — Business Pundit
Fiat’s coolest creation Reading about Obama’s Chrysler/Fiat restructuring mandate made me wonder : What’s in it for Fiat? Quite a bit, it turns out (from ANSA ): Fiat in January signed a preliminary non-binding agreement with the struggling American carmaker (Chrysler) ...
Chrysler: No Deal With Fiat? — 24/7 Wall St.
After making it look like a deal with Fiat was done, Chrysler had to back track on statements to the effect. Chrysler initially said that “We are pleased that Chrysler, Fiat and Cerberus have reached agreement on a framework of a global alliance, supported by the U.S. Treasury. ...
Chrysler and Fiat Revisited — Robert Salomon's Blog
Several months ago, Fiat announced an alliance with Chrysler in which it would take a 35% ownership stake in Chrysler. In a post entitled Fiasco for Fiat , I discussed the alliance’s prospects for success, and what the deal meant for Chrysler and its creditors. With respect to ...