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usnews.com - 12/18/2008
Is Chrysler Shutting Down for a Month, or Forever?
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In Detroit, the endgame is getting closer
online.wsj.com - 12/18/2008
GM and Chrysler Reopen Talks on a Merger
— online.wsj.com — General Motors Corp. and Chrysler LLC have reopened merger talks, as Chrysler owner Cerberus Capital Management LP... has signaled its willingness to give away part of its ownership in the auto maker, say people familiar with the discussions. With cash ... (more) GM and Chrysler Reopen Talks on a Merger

Comments vote down FT Alphaville found this 12/18/2008found this
nakedcapitalism.com - 12/15/2008
Is a GM Bankruptcy Inevitable?
— nakedcapitalism.com — Markets in Asia are staging a peppy rebound rally on the assumption that US rescue of the... Big Three is in the cards. No one seems to be taking seriously the possibility that bankruptcy is inevitable for GM and perhaps Chrysler. And were that to ... (more) Is a GM Bankruptcy Inevitable?

Comments vote down FT Alphaville found this 12/15/2008found this
Why Asian automakers want a federal bailout of U.S. industry - Dec. 15, 2008
money.cnn.com - 12/16/2008
Why Asian automakers want a federal bailout of U.S. industry - Dec. 15, 2008
— money.cnn.com — NEW YORK (CNNMoney.com) -- Detroit's Big Three aren't the only automotive companies that want to see the... government step in with some much-needed financial help. Overseas automakers, most notably Toyota Motor, all endorse some form of federal aid to ... (more) Why Asian automakers want a federal bailout of U.S. ...

Comments vote down The Oil Drum - Discussions about Energy and ... found this 12/16/2008found this

Blog Reactions

Paul Kedrosky's Infectious Greed:  Afternoon Reading: Credit, Chrysler, CalPERS, etc.

Decline and Fall of Western Civilization:  "orderly" bankruptcy for automakers

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Blog Reactions

Afternoon Reading: Credit, Chrysler, CalPERS, etc.
Paul Kedrosky's Infectious Greed — Some links to items of interest: Fed loans guided by same people who brought you subprime debacle: credit ratings agencies (Bloomberg) World Interest Rates Table (FXstreet) The Great Unraveling (NYT/Friedman) Is Chrysler Shutting Down for a Month, or Forever? (USNews) White House mulling ‘orderly’ bankruptcy for carmakers (FT) CalPERS' magical performance numbers (Varones) Ponzi, the USA edition (FT) Why Wal-Mart Deserves the ...

"orderly" bankruptcy for automakers
Decline and Fall of Western Civilization — this is apparently what the white house is thinking. meanwhile, chrysler is shutting down for a month, in what must be a crippling blow to suffering parts suppliers and others in the automotive chain -- indeed i'll be quite surprised if they ever reopen. yves smith, in addressing the ominous reopening ot GM-chrysler merger talks, discusses how the flow of sentiment -- much as the lead-in to the lehman brothers bankruptcy -- has moved toward bankruptcy as the necessary reorganization tool in spite of the many difficulties it may present to the ...

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Recommended reading: "Bush approves $17.4 billion auto bailout"-- New York Times . Photo cred: alexik