Michigan files objection to Chrysler sale

May 6th, 2009 by Bill Cawthon

Late yesterday, the Michigan Workers’ Compensation Agency and Funds Administration attempted to stop Chrysler from selling its assets. In a legal brief, Mike Cox, the state’s attorney general, said Chrysler’s plan to abandon its $140 million obligation could bankrupt the fund that supports employees who are injured on the job.
Chrysler, like most large companies, does [...]

Tags: bankruptcy, Chrysler, Judge Gonzalez, Michigan. Bankruptcy, Chrysler

Obama’s actual statements

March 30th, 2009 by DaveAdmin

In their rush to send out key details of Obama’s auto plan, many journalists ignored important information. This is the full text; other documents are available from the White House.
One of the challenges we have confronted from the beginning of this administration is what to do about the state of our struggling auto industry. [...]

Tags: Auto industry, auto task force, bailout, bankruptcy, Canada, Chrysler, Congress, credit, creditors, dealers, design, Dodge Ram, economy, engines, EPA, Europe, February, Fiat, GEM, General Motors, government, Indiana, jobs, loans, manufacturing, market, May, Michigan, Obama, Ohio, Opel, partnership, parts, review, Rick Wagoner, Sales, task force, Treasury, Trucks, union, Wagoner. Auto industry, Government loans

Annual CEMA Charity Car Show, June 13

February 26th, 2009 by DaveAdmin

Held on the grounds of the Walter P. Chrysler Museum in the Chrysler Headquarters campus, at the corner of Featherstone and Squirrel in Auburn Hills, Michigan, the 20th Annual CEMA Charity Car Show will be held on June 13, 2009, rain or shine, from 9 am to 3 pm. CEMA, the Chrysler Employees Motorsports Association, [...]

Tags: CEMA, Chrysler, employees, Michigan, Performance. Auto Shows

Chrysler people support Toys for Tots

December 19th, 2008 by Bill Cawthon

The Chrysler Foundation has donated $65,500 and Chrysler employees have given thousands of toys to the Marine Corp Reserve’s annual Toys for Tots campaign. The toys will go to needy children in the communities in which they are collected. In the case of the Chrysler donations, these would include: Belvidere, Illinois; Chelsea, Michigan; Elkridge, Maryland; Detroit, Michigan; [...]

Tags: Chrysler, employees, Michigan, Ohio, Sterling. Chrysler

Romney, Granholm clash on TV

December 14th, 2008 by DaveAdmin

On Meet the Press this morning, Michigan Governor Jennifer Granholm made her case for temporary loans to domestic automakers hit by a combination of slow sales and a credit freeze, at a time when all three were in the midst of retooling for a new generation of vehicles.
Mitt Romney, former governor and presidential candidate, whose [...]

Tags: AMC, bankruptcy, government, loans, Michigan, union. Auto industry, Government loans

End of day Congressional loan status, Monday 12/8/08

December 8th, 2008 by DaveAdmin

At this point, it appears that Congress will be willing to provide $15 billion in loans to the Michigan automakers, with the money coming out of a prior $25 billion in promised loans which the White House, acting through the Energy Department, has blocked.
In return for a deal, Congressional Democrats appear to have given in [...]

Tags: bankruptcy, Congress, loans, Michigan, Senator, suppliers. Auto industry, Government loans

Analyst: Chrysler has the most potential – for Canada

November 20th, 2008 by DaveAdmin

The Windsor Star wrote about an American manufacturing consultant’s plan for a Canadian rescue package for Chrysler. Sandy Munro, an analyst of Troy, Michigan, wrote that Canada should bail out Chrysler alone, on the condition that the company moves its corporate headquarters to Windsor, Ontario, using a building Chrysler already owns. The engineering and technical [...]

Tags: bailout, Canada, Honda, loans, Michigan. Canada, Chrysler, Government loans

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