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April 26, 2009 - May 2, 2009 Archives
4:13 PM Fri, May 01, 2009 | Permalink |
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By Peter C. T. Elsworth  Email
CHICAGO - U.S. auto sales in April were on the road to plunging to their lowest levels in nearly 30 years according to sales reports......
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1:50 PM Fri, May 01, 2009 | Permalink |
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By Peter C. T. Elsworth Email
NEW YORK -- Attorneys for Chrysler will ask a federal bankruptcy judge Monday to let the ailing automaker start using a new infusion of $4.5......
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1:45 PM Fri, May 01, 2009 | Permalink |
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By Peter C. T. Elsworth Email
DETROIT -- Record sales of its fuel-efficient Fusion helped Ford grab a bigger slice of the U.S. car market in April, even as its overall......
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9:42 AM Fri, May 01, 2009 | Permalink |
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By Peter C. T. Elsworth Email
Here is The New York Times's excellent lead editorial on Chrysler: When President Obama outlined his plan to restructure Chrysler under bankruptcy-court protection, we shared......
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9:30 AM Fri, May 01, 2009 | Permalink |
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By Peter C. T. Elsworth Email
DETROIT -- Chrysler's first hearing in a New York courtroom Friday morning may offer the first clue as to whether a quick, "surgical" bankruptcy is......
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1:38 PM Thu, Apr 30, 2009 | Permalink |
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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......
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1:38 PM Thu, Apr 30, 2009 | Permalink |
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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......
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1:20 PM Thu, Apr 30, 2009 | Permalink |
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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......
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12:53 PM Thu, Apr 30, 2009 | Permalink |
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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......
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12:23 PM Thu, Apr 30, 2009 | Permalink |
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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......
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12:23 PM Thu, Apr 30, 2009 | Permalink |
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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......
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10:11 AM Thu, Apr 30, 2009 | Permalink |
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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......
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10:11 AM Thu, Apr 30, 2009 | Permalink |
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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......
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5:12 PM Wed, Apr 29, 2009 | Permalink |
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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,......
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5:01 PM Wed, Apr 29, 2009 | Permalink |
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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......
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1:42 PM Wed, Apr 29, 2009 | Permalink |
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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......
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12:14 PM Tue, Apr 28, 2009 | Permalink |
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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......
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10:53 AM Tue, Apr 28, 2009 | Permalink |
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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......
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10:13 AM Tue, Apr 28, 2009 | Permalink |
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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......
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10:13 AM Tue, Apr 28, 2009 | Permalink |
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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......
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8:49 AM Mon, Apr 27, 2009 | Permalink |
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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......
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8:31 AM Mon, Apr 27, 2009 | Permalink |
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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......
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8:29 AM Mon, Apr 27, 2009 | Permalink |
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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......
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8:26 AM Mon, Apr 27, 2009 | Permalink |
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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......
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