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You are currently browsing the Allpar Chrysler, Dodge, and Jeep News news archives for 'bankruptcy' tag.
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U.S. Judge Arthur J. Gonzalez, who presided over Chrysler’s bankruptcy in 2009, is ending his sixteen years on the bench. Tomorrow, March first, Gonzalez will be succeeded by Cecilia G. Morris as the Chief Judge of the United States Bankruptcy Court for the Southern District of New York. Gonzalez will take up a new position [...]
A report released today by the Office of the Special Inspector General for the Troubled Asset Relief Program questions the criteria General Motors and Chrysler LLC used to terminate thousands of dealers last year. The report was requested by members of Congress who had doubts about the standards and the automakers’ claims the cuts were [...]
The remains of the old Chrysler appear to have successfully sold the former AMC/Nash-Kelvinator building on Plymouth Road and three other properties for a total of $2.3 million. This is considerably lower than the asking price for the Plymouth Road Office Complex alone, which was valued at $10 million in 2007. The massive facility at [...]
The current Chrysler Group LLC has reached an agreement with the “Old Carco” to buy the Sterling Heights assembly plant, where the Dodge Avenger and Chrysler Sebring are made. The selling price is $20 million, at the high end of estimates of the plant’s worth, with the sellers likely taking advantage of Chrysler’s need for [...]