Posted on October 23rd, 2010 • by Bill Cawthon
Fiat CEO Sergio Marchionne is now saying the Italian automaker may delay taking a majority position in Chrysler. Fiat still hopes to gain a 35% share in the American company, which it has controlled since Chrysler’s government-engineering bankruptcy in 2009 but is running into some unanticipated problems in achieving the requirements set out by the [...]
•
Like on Facebook • Tags:
Chrysler,
Fiat,
Sergio Marchionne,
stock.
Posted on June 16th, 2009 • by David Zatz
Chrysler inventories fell during its bankruptcy period, with all factories shut down, but were still high by import standards – and close to GM’s inventories. This data was provided by Automotive News, covers the United States, and was current as of June 1. Overall, Chrysler ended the month with 86 days’ supply, or 260,400 vehicles. [...]
•
Like on Facebook • Tags:
bankruptcy,
Chrysler,
Chrysler Aspen,
Chrysler Pacifica,
Chrysler PT Cruiser,
dealers,
Dodge,
Dodge Challenger,
Dodge Durango,
Dodge Ram,
factories,
Fiat 500,
inventory,
Jeep,
Jeep Wrangler,
Mercedes,
minivans,
pricing,
Sales,
stock,
Trucks,
vans.
Posted on May 30th, 2009 • by Bill Cawthon
On what was likely to be the last trading day before an all-but-certain bankruptcy filing early next week, General Motors’ stock closed at 75 cents per share, a price not seen since the Great Depression. At the close of trading, the company, which lists $91.1 billion in assets and $177 billion in liabilities, had a [...]
•
Like on Facebook • Tags:
bankruptcy,
General Motors,
stock.
Posted on May 12th, 2009 • by Bill Cawthon
General Motors’ former Vice Chairman and product chief Bob Lutz, his successor, Thomas Stephens, manufacturing chief Gary Cowger, GM North America President Troy Clarke and Chief Information Offices Ralph Szygenda have sold all their GM stock. The five disclosed the sales, which took place last Friday and yesterday, in filings with the SEC. The senior [...]
•
Like on Facebook • Tags:
General Motors,
stock.
Posted on May 5th, 2009 • by David Zatz
The number of creditors objecting to the Chrysler-Fiat-Treasury plan appears to be dwindling, if a motion filed today by the “Attorneys for the Chrysler Non-TARP Lenders” (Thomas Lauria, who claimed death threats as the sole named attorney) is any evidence. In part II, the document tellingly describes the “Non-TARP Lenders” as holding “over $300 million [...]
•
Like on Facebook • Tags:
banks,
Chrysler,
credit,
creditors,
Dodge Ram,
Fiat,
GEM,
government,
loans,
managers,
market,
President Obama,
stock,
Strategic Vision,
Treasury,
unions,
United Auto Workers,
VEBA.
Posted on February 26th, 2009 • by David Zatz
Head of the Fed Ben Bernanke flatly ruled out a government takeover of major banks, such as Citigroup, that would wipe out stockholders. Rhetoric is rather different when talking about banks vs. automakers. When they mention GM and Ford, they say the stockholders deserve nothing because they were asleep at the switch. Automaker bankruptcy has [...]
•
Like on Facebook • Tags:
acquisition,
automakers,
bankruptcy,
banks,
Bob Corker,
Chrysler,
credit,
executive compensation,
Executives,
government,
lawyers,
market,
merger,
retiree benefits,
retirees,
stock,
Takeover.
