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You are currently browsing the Allpar Chrysler, Dodge, and Jeep News news archives for 'government' tag.
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Chrysler Group LLC today announced it will advance its Chrysler, Jeep and Dodge dealers monies for Car Allowance Rebate System (CARS, more commonly known as “Cash for Clunkers”) claims submitted. While the U.S. Department of Transportation is making progress in processing submitted claims, advancing the monies will help dealers’ cash flow.
Republican and Democrats alike have led the charge to have the government override private industry’s decisions as 202 Congressmen cosponsored a bill which would prevent GM and Chrysler from dropping dealers while in bankruptcy. In Chrysler’s case, the dealerships have already lost their franchises and some have closed. The proposal would overrule bankruptcy law, judicial [...]
General Motors confirmed today that no organizational other than the Treasury has submitted a bid for the giant automaker, until recently the world’s largest. The U.S. Treasury is likely to continue with its plan to provide up to $30 billion in Chapter 11 financing to keep the automaker alive. The next step is a hearing [...]
In what might be a sign of tougher trade policies, the U.S. government’s International Trade Commission rules that low-cost tires imported from China had flooded the market. Acting on a 2005 complaint from the United Steelworkers, whose members make the steel wire used in tires, the panel found that the Chinese tires had flooded the [...]