July 01, 2009

US auto sales declines show signs of leveling off

DETROIT (AP) — U.S. sales at Ford and Chrysler last month offered sharply different views on the downtrodden U.S. market for cars and trucks, while General Motors Corp. held its own even though it entered bankruptcy protection.


June 12, 2009

GM and Chrysler’s bankruptcy cases at a glance

A summary of developments in the Chapter 11 bankruptcy cases of General Motors Corp. and Chrysler LLC…

GM, Chrysler executives defend dealership closings

WASHINGTON (AP) — General Motors and Chrysler executives defended the closings of hundreds of dealerships Friday as House lawmakers questioned whether the decisions would save any money or help the troubled companies rebound.


June 04, 2009

Judge: Chrysler has good case for franchise cuts

NEW YORK (AP) — The judge overseeing Chrysler’s bankruptcy case said Thursday that the automaker has a good case for the termination of 789 of its dealer franchises as part of its ongoing restructuring.


June 03, 2009

GM, Chrysler say closing US dealerships necessary

WASHINGTON (AP) - The chiefs of General Motors and Chrysler told Congress on Wednesday they have too many dealers to support their slimmed down operations and sacrifices must be shared as they fight to overcome bankruptcy and survive. They acknowledged that slashing dealerships is causing pain in communities around the U.S.


May 28, 2009

Chrysler faces more hearings to get Fiat deal OK’d

NEW YORK (AP) - Chrysler on Thursday launched into its second day of testimony in its bid to convince a bankruptcy judge that a deal with Italian automaker Fiat is the best way to save itself from liquidation.


May 14, 2009

Chrysler moves to eliminate 789 of 3,200 dealers

NEW YORK (AP) - Chrysler LLC wants to eliminate roughly a quarter of its 3,200 U.S. dealerships by early next month, saying in a bankruptcy court filing Thursday that the network is antiquated and has too many stores competing with each other.

Savannah Dodge On List To Close

Claxton Chrysler-Dodge-Jeep also on closing list.


April 30, 2009

Stocks pare gains after Chrysler bankruptcy news

NEW YORK (AP) - Chrysler’s bankruptcy is testing Wall Street’s resilience. After rising sharply in early trading Thursday, the Dow Jones industrial average pared its gains and traded flat after President Barack Obama confirmed that Chrysler LLC will be going through bankruptcy. The proceedings will last up to 60 days.


April 21, 2009

GM, Chrysler to get up to $5.5B more from government

DETROIT (AP) - General Motors Corp. could get as much as $5 billion more in federal loans, while Chrysler LLC could get $500 million as they race against government-imposed deadlines to restructure, according to a government report filed Tuesday.


April 10, 2009

Report: US toughens terms for automaker creditors

NEW YORK (AP) — The federal government is pushing for tougher concessions from the creditors of General Motors Corp. and Chrysler LLC, according to a published report, as the troubled automakers face looming deadlines to restructure or seek bankruptcy protection.


March 30, 2009

Obama puts GM, Chrysler on short leash

WASHINGTON (AP) - President Barack Obama asserted unprecedented government control over the auto industry Monday, bluntly rejecting turnaround plans by General Motors Corp. and Chrysler LLC, demanding fresh concessions for long-term federal aid and raising the possibility of quick bankruptcy for either ailing auto giant.

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