Tag Archive for 'Alliances'Sergio Marchionne’s letter to employees June 10th, 2009 by Bill Cawthon
To the Men and Women of the New Chrysler:
Update: Chrysler to exit bankruptcy on Friday June 2nd, 2009 by Bill Cawthon
Chrysler has asked Judge Arthur Gonzalez to waive an automatic ten-day waiting period to allow the sale of its assets to NewCarCo Acquistions to proceed as quickly as possible and allow the new Fiat-led Chrysler Group LLC to commence operations. Chrysler statement on asset ruling June 1st, 2009 by Bill Cawthon
Chrysler LLC today announced that the U.S. Bankruptcy Court, Southern District of New York, has approved its request to sell substantially all of its operations to Chrysler Group LLC, the new company formed in alliance with Fiat SpA. Chrysler asset sale approved June 1st, 2009 by Bill Cawthon
Even as General Motors prepares to file Chapter 11 bankruptcy, Chrysler is a step closer to exiting it as Judge Arthur Gonzalez approved the sale of most of the automaker’s assets to a new company, Chrysler Group LLC, led by Fiat SpA and majority-owned by the United Auto Worker union’s health care trust. Senior secured [...] ShareChrysler creditor group throws in the towel May 8th, 2009 by Bill Cawthon
The Chrysler Non-TARP Lenders Group has disbanded. The small group of creditors that had been objecting to Chrysler’s merger with Fiat and quick exit from bankruptcy has given up its challenge after rising defections and declining influence meant “it wasn’t sensible to proceed” in the words Glenn Kurtz of White & Case, the group’s attorneys. Court okays Chrysler payments to dealers and suppliers May 4th, 2009 by Bill Cawthon
Judge Arthur Gonzales approved $4.6 billion in debtor-in-possession financing allowing Chrysler to pay its dealers and suppliers and to give Chrysler time to finalize its alliance with Fiat. |
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