Posted on May 3rd, 2011 • by Bill Cawthon
In a statement commenting on recent actions by ratings agencies, Chrysler CEO Sergio Marchionne said, “The issuance today by Moody’s of a B2 credit rating and “positive” outlook, which follows Standard & Poor’s of a preliminary B+ credit rating on Chrysler Group LLC represents a further important step for the Company. I believe it also [...]
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Posted on July 27th, 2010 • by Bill Cawthon
Women-Drivers.com has released its semi-annual 2010 report showing the top automotive brands and Chrysler had more brands in the top ten than any other manufacturer. Mercedes-Benz took the overall top spot, but Jeep was close behind in second place, ahead of both Lexus and BMW. Chrysler came in fifth, besting Acura, Honda and Buick. Dodge [...]
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Posted on June 24th, 2010 • by Bill Cawthon
The Ram pickup outscored the Chevy Silverado, Toyota Tundra and Nissan Titan in the latest Kelley Blue Book ratings. With an overall score of 83.8, It was just a tenth of a point behind the first-place Ford F-150′s 83.9 score. As the Kelley editors said, “… describing the Ram as finishing in Second Place is [...]
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Posted on July 8th, 2009 • by David Zatz
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 [...]
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Posted on April 10th, 2009 • by Bill Cawthon
Standard & Poor’s lowered its ratings on Chrysler’s senior secured loans due in 2013 and 2014 two grades, from CCC to CC, citing the likelihood of default and lower potential recoveries by holders of Chrysler debt. The New York-based ratings firm estimates those holding Chrysler debt might recover just 30 to 50 cents on the [...]
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Posted on December 17th, 2008 • by Bill Cawthon
Proving the meltdown in the auto industry knows no bounds, Standard & Poor’s has lowered Toyota’s credit rating outlook. While the automaker’s AAA rating (the highest investment grade) was affirmed, S&P’s action signals a downgrade is more likely that it was. S&P says Toyota is also subject to the worldwide decline in vehicle sales and [...]
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