Allpar News
Other Car-Truck News
Two for you
You are currently browsing the Allpar Chrysler, Dodge, and Jeep News news archives.
Longer entries are truncated. Click the headline of an entry to read it in its entirety.
Allpar Community
2011 Cars and Trucks
Find It Now
20 Recent Stories
The 789 dealers about to lose their franchise have lost their appeal to the bankruptcy court, with Judge Gonzalez denying the appeal. There have been some questions about the motivation and wisdom of the process of choosing dealers to be dropped. See the integrated dealer closings page and a discussion of the issues.
•
Like on Facebook • Tags: bankruptcy, Chrysler 200C, dealers, Judge Gonzalez.
The U.S. Court of Appeals for the Second Circuit upheld Judge Arthur Gonzalez’s ruling but stayed the sale until Monday, pending an appeal by the Indiana pension funds to the U.S. Supreme Court. The group’s attorney, Glenn Kurtz of Case & WHite LLC, said papers needed for the appeal are already in preparation. If it [...]
•Like on Facebook • Tags: bankruptcy, Chrysler, Judge Gonzalez.
A small group of creditors are appealing to the Supreme Court after their appeal was denied. One key creditor is a group of Indiana pension funds under the rule of elected official Richard Mourdock. One of the judges noted that, under the TARP law, no interference with the Treasury’s “truly extraordinary” powers was possible unless [...]
•Like on Facebook • Tags: bankruptcy, Chrysler, General Motors, Government loans, Indiana, Judge Gonzalez, Treasury.
Judge Arthur Gonzalez has delayed a hearing on Chrysler’s request to terminate 789 of its dealers until Thursday, to give dealers more preparation time; the Senate Commerce Committee is questioning Jim Press and Fritz Henderson about Chrysler and GM’s dealer-dropping plans today. While Chrysler plans to terminate 789 dealers’ franchise agreements, GM is planning to drop [...]
•Like on Facebook • Tags: bankruptcy, Chrysler, Fritz Henderson, Jim Press, Judge Gonzalez, Senator.
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. “We are filing a request this afternoon to close the sale as early as Thursday [...]
•Like on Facebook • Tags: Alliances, bankruptcy, Chrysler, Judge Gonzalez.
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 [...]
•Like on Facebook • Tags: Alliances, bankruptcy, Chrysler, Fiat, Judge Gonzalez.