|
April 2009 Archives
1:38 PM Thu, Apr 30, 2009 | Permalink |
Write a  comment
By Peter C. T. Elsworth  Email
NEW YORK -- General Motors bondholders want a majority stake in the restructured automaker in exchange for forgiving their claim to $27 billion of GM......
|
1:38 PM Thu, Apr 30, 2009 | Permalink |
Write a comment
By Peter C. T. Elsworth Email
The news that Chrysler CEO Bob Nardelli would be stepping down following the government's decision to force the automaker into bankruptcy should not come as......
|
1:20 PM Thu, Apr 30, 2009 | Permalink |
Write a comment
By Peter C. T. Elsworth Email
DETROIT -- Chrysler CEO Robert Nardelli says he will step down after the company emerges from bankruptcy protection, according to The Associated Press. President Barack......
|
12:53 PM Thu, Apr 30, 2009 | Permalink |
Write a comment
By Peter C. T. Elsworth Email
Chrysler's bankruptcy could well set the stage for a similar filing by General Motors. While GM has another month to sort out its affairs, obdurate......
|
12:23 PM Thu, Apr 30, 2009 | Permalink |
Write a comment
By Peter C. T. Elsworth Email
DETROIT -- Chrysler, the third-largest American auto company, will seek bankruptcy protection and enter an alliance with the Italian automaker Fiat, the White House announced......
|
12:23 PM Thu, Apr 30, 2009 | Permalink |
Write a comment
By Peter C. T. Elsworth Email
WASHINGTON -- Chrysler will file for Chapter 11 bankruptcy protection in New York on Thursday and will be eligible for up to $8 billion in......
|
10:11 AM Thu, Apr 30, 2009 | Permalink |
Write a comment
By Peter C. T. Elsworth Email
With its announcement that it was planning to: eliminate 21,000 jobs with the closure of 13 plants; idle most of its plants for about two......
|
10:11 AM Thu, Apr 30, 2009 | Permalink |
Write a comment
By Peter C. T. Elsworth Email
DETROIT -- Last-minute efforts by the Treasury Department to win over recalcitrant Chrysler debtholders failed Wednesday night, setting up a near-certain bankruptcy filing by the......
|
5:12 PM Wed, Apr 29, 2009 | Permalink |
Write a comment
By Peter C. T. Elsworth Email
President Barack Obama plans to announce tomorrow that Chrysler will be placed into Chapter 11 bankruptcy, leading to an alliance with Italian automaker Fiat SpA,......
|
5:01 PM Wed, Apr 29, 2009 | Permalink |
Write a comment
By Peter C. T. Elsworth Email
It was not exactly a shock General Motors had been making noises about dropping the Pontiac marque (along with Hummer, Saab and Saturn) for some......
|
1:42 PM Wed, Apr 29, 2009 | Permalink |
Write a comment
By Peter C. T. Elsworth Email
YORK -- With one day left to go before its deadline, Chrysler LLC's chief executive said Wednesday that the automaker is making progress toward meeting......
|
12:14 PM Tue, Apr 28, 2009 | Permalink |
Write a comment
By Peter C. T. Elsworth Email
WASHINGTON -- The Treasury Department has reached a tentative agreement with four of Chrysler's major debt holders in a bid to keep the automaker out......
|
10:53 AM Tue, Apr 28, 2009 | Permalink |
Write a comment
By Peter C. T. Elsworth Email
They were stylish cars that drove into history on power and hormones: V8s under the hoods and a grill or hood emblem of an Indian......
|
10:13 AM Tue, Apr 28, 2009 | Permalink |
Write a comment
By Peter C. T. Elsworth Email
UAW leaders recommend approval of Chrysler deal By DAVID N. GOODMAN and TOM KRISHER Associated Press Writers AP Photo/Paul Sancya Advertisement Document Governors' letter seeking......
|
10:13 AM Tue, Apr 28, 2009 | Permalink |
Write a comment
By Peter C. T. Elsworth Email
DETROIT -- For all the uncertainty swirling around General Motors, the troubled automaker said Monday that one thing was clear: it must become drastically smaller......
|
8:49 AM Mon, Apr 27, 2009 | Permalink |
Write a comment
By Peter C. T. Elsworth Email
General Motors, speeding up its restructuring in a bid to survive, said it plans to shut half of its U.S. dealerships by 2014 and phase......
|
8:31 AM Mon, Apr 27, 2009 | Permalink |
Write a comment
By Peter C. T. Elsworth Email
DETROIT -- It looks like Chrysler might yet escape the auctioneer's gavel, according to The Associated Press. The smallest U.S.-based automaker cleared two major hurdles......
|
8:29 AM Mon, Apr 27, 2009 | Permalink |
Write a comment
By Peter C. T. Elsworth Email
DETROIT -- General Motors says it will cut 21,000 U.S. factory jobs by next year and phase out its storied Pontiac brand as part of......
|
8:26 AM Mon, Apr 27, 2009 | Permalink |
Write a comment
By Peter C. T. Elsworth Email
DETROIT -- General Motors will announce a restructuring plan at 9 a.m. EDT today, according to The Associated Press. The storied Pontiac brand is dead......
|
3:08 PM Fri, Apr 24, 2009 | Permalink |
Write a comment
By Peter C. T. Elsworth Email
General Motors is preparing to announce early next week that the Pontiac brand will be eliminated, said a source familiar with the company's plans and......
|
12:56 PM Fri, Apr 24, 2009 | Permalink |
Write a comment
By Peter C. T. Elsworth Email
Decisions that the government will make soon on the future of General Motors and Chrysler could accelerate the decline of traditional pension plans, which have......
|
12:56 PM Fri, Apr 24, 2009 | Permalink |
Write a comment
By Peter C. T. Elsworth Email
DETROIT -- General Motors said on Thursday that it would idle 13 of its 21 North American assembly plants for much of the summer, as......
|
12:56 PM Fri, Apr 24, 2009 | Permalink |
Write a comment
By Peter C. T. Elsworth Email
DETROIT -- The Treasury Department is directing Chrysler to prepare a Chapter 11 bankruptcy filing as soon as next week, people with direct knowledge of......
|
12:56 PM Fri, Apr 24, 2009 | Permalink |
Write a comment
By Peter C. T. Elsworth Email
DEARBORN, Mich. -- Ford reported a first-quarter loss of $1.4 billion Friday and said it depleted less of its cash, emphasizing that it doesn't expect......
|
11:34 AM Thu, Apr 23, 2009 | Permalink |
Write a comment
By Peter C. T. Elsworth Email
Here's a good idea and more's the pity that it will only be available in Ford vehicles - initially the 2010 Ford Focus. To start......
|
11:34 AM Thu, Apr 23, 2009 | Permalink |
Write a comment
By Peter C. T. Elsworth Email
Fiat could come out of the current debacle not only with a strong foothold in North America with the acquisition of Chrysler's operations but also......
|
10:30 AM Thu, Apr 23, 2009 | Permalink |
Write a comment
By Peter C. T. Elsworth Email
I spent last week in France where all the cars are small. Why? It's simple. Gas costs the equivalent of $6 a gallon there, diesel......
|
9:31 AM Thu, Apr 23, 2009 | Permalink |
Write a comment
By Peter C. T. Elsworth Email
RICHMOND, Va. -- AutoNation Inc., the country's largest automotive retailer, said Thursday its first-quarter profit dropped 32 percent as consumers continued to avoid car purchases,......
|
9:28 AM Thu, Apr 23, 2009 | Permalink |
Write a comment
By Peter C. T. Elsworth Email
NEW YORK -- A person familiar with the matter says the Treasury Department has made a new offer to Chrysler's creditors, according to The Associated......
|
10:15 AM Wed, Apr 22, 2009 | Permalink |
Write a comment
By Peter C. T. Elsworth Email
Volkswagen, the largest European automaker, said Wednesday that its net profit dropped 74 percent in the first three months, even as it gained market share......
|
11:46 AM Tue, Apr 21, 2009 | Permalink |
Write a comment
By Peter C. T. Elsworth Email
DETROIT -- General Motors could get as much as $5 billion more in federal loans, while Chrysler LLC could get $500 million as they race......
|
12:35 PM Tue, Apr 07, 2009 | Permalink |
Write a comment
By Peter C. T. Elsworth Email
NEW YORK/DETROIT - General Motors Corp is in "intense" and "earnest" preparations for a possible bankruptcy filing, a source familiar with the company's plans told......
|
10:02 AM Mon, Apr 06, 2009 | Permalink |
Write a comment
By Peter C. T. Elsworth Email
DETROIT -- Ford says it completed a tender offer announced last month, reducing its debt by $9.9 billion, according to The Associated Press. About $4.3......
|
10:00 AM Mon, Apr 06, 2009 | Permalink |
Write a comment
By Peter C. T. Elsworth Email
STOCKHOLM -- Saab Automobile, the troubled Swedish unit of General Motors Corp., has been contacted by some 20 potential buyers, with a sale planned in......
|
9:50 AM Thu, Apr 02, 2009 | Permalink |
Write a comment
By Peter C. T. Elsworth Email
DETROIT -- New-vehicle sales fell in March for a 17th consecutive month, but carmakers said that proposed federal incentives and reports from dealers of increased......
|
9:50 AM Thu, Apr 02, 2009 | Permalink |
Write a comment
By Peter C. T. Elsworth Email
TIANJIN, China -- Chinese leaders have adopted a plan aimed at turning the country into one of the leading producers of hybrid and all-electric vehicles......
|
9:37 AM Thu, Apr 02, 2009 | Permalink |
Write a comment
By Peter C. T. Elsworth Email
RICHMOND, Va. -- Auto retailer CarMax said Thursday its fourth-quarter profit jumped 72 percent as lower expenses and a profit in its financing arm offset......
|
6:13 PM Wed, Apr 01, 2009 | Permalink |
Comments (1)
By Peter C. T. Elsworth Email
Glimmer of hope in March's steep auto sales drop DETROIT -- March proved to be another dismal month of steep declines for U.S. auto sales......
|
2:54 PM Wed, Apr 01, 2009 | Permalink |
Write a comment
By Peter C. T. Elsworth Email
DETROIT -- March proved to be another dismal month of steep declines for U.S. auto sales, as low consumer confidence and job uncertainty kept buyers......
|
12:07 PM Wed, Apr 01, 2009 | Permalink |
Write a comment
By Peter C. T. Elsworth Email
DETROIT -- Ford Motor Co. says its March sales in the U.S. fell 41 percent from a year earlier as low consumer confidence and job......
|
12:07 PM Wed, Apr 01, 2009 | Permalink |
Write a comment
By Peter C. T. Elsworth Email
PARIS/DETROIT - The U.S. auto industry struggled to restructure and added deals to get buyers back into their showrooms, hoping to mimic the incentive-driven successes......
|
12:07 PM Wed, Apr 01, 2009 | Permalink |
Write a comment
By Peter C. T. Elsworth Email
NEW YORK -- GMAC says it will temporarily eliminate and waive some fees and payments for dealers in an effort to ease the pressures stemming......
|
12:05 PM Wed, Apr 01, 2009 | Permalink |
Write a comment
By Peter C. T. Elsworth Email
NEW YORK - A possible bankruptcy plan being discussed for General Motors includes quickly forming a new company of the automaker's most profitable parts, while......
|
|
New photos
Authors
New posts
Projo blogs
Archives