Submit a Story!
Votes
topics:

posted by Valueplays vote down flag
valueplays.blogspot.com - 4/8/2009
Wilbur Ross on Automakers (video)
—
Wilbur Ross talks about GM (GM) and Chrysler with AutoNation's (AN) Mike Jackson on CNBC. Ross has a fascinating quote on bankruptcy as it related to a few dissident GM bondholders. Ross said "bankruptcy is about forcing the will of the majority on the dissident minority" as it related to ...
Comments
Related: chrysler bankruptcy
Another 1200 Dealerships to Close in 2009
valueplays.blogspot.com 4/13/2009 — More good news for AutoNation (AN) shareholders. From the WSJ: In the first quarter of the year, 271 auto dealers in the U.S. went out of business, according to the National Automobile Dealers Association, as car buyers stayed away from showrooms and credit remained tight. At the end of the ...
Chrysler Lenders Plan Counteroffer This Week — DealBook
The senior lenders to Chrysler are planning to make a counteroffer to the Treasury Department this week, pushing back on a debt-reduction plan they say is too coercive, people briefed on the matter told DealBook on Monday. The Treasury Department has asked these lenders, which include major ...
$77 billion more to bail out bankrupt GM? — BloggingStocks
Thanks to decades of mismanagement, General Motors Corp. (NYSE: GM ) is on the brink of bankruptcy. It has about six weeks to accept the outlines of a Treasury plan and fill in its blanks. And GM will not simply be liquidated -- instead, $77 billion more in taxpayer money (on top of the ...
Ford not interested in Chrysler assets — BloggingStocks
Ford Motor Company (NYSE: F ) may not need any help from the U.S. federal government, but it doesn't want any part of Chrysler should that automaker go through bankruptcy protection and/or be broken up into pieces. Ford also has no interest in Chrysler's brands such as Jeep and Dodge. Ford's ...
Ford Motor helps out suppliers to shield it from competitive bankruptcies — BloggingStocks
Ford Motor Company (NYSE: F ), which has not accepted federal bailout money at this time, wants to ensure its parts vendors don't go down if General Motors Corporation (NYSE: GM ) and Chrysler end up in bankruptcy. As such, the automaker is loaning money to parts suppliers to help shield it ...
Aid Program for Suppliers Starts With $3.5 Billion in Loans to G.M. and Chrysler — DealBook
The Treasury Department said on Wednesday that it had made as much as $5 billion available to help automotive parts makers survive the industry's worst sales slump in decades. The loans will ensure that two automakers, General Motors and Chrysler, which are both facing the possibility of a ...
Michigan Facing "Economic Katrina" If GM Files for Bankruptcy, Rep. McCotter Says — Yahoo! Finance: Tech Ticker
Already saddled with the country's highest unemployment rate, Michigan faces "an economic Katrina" if GM or Chrysler file for bankruptcy, says Representative Thaddeus McCotter (R-MI).Last month,
G.M. In 'Intense' Preparations For Bankruptcy, Report Says — DealBook
General Motors is in "intense" and "earnest" preparations for a possible bankruptcy filing, Reuters reported, citing a source familiar with the company's plans. A plan to split the corporation into a "new" company made up of the most successful units, and an "old" one of its less-profitable ...