Fiat CEO tells U.S. Treasury it can help Chrysler repay loans
Filed under: Government/Legal,ChryslerGeneral Motors and Chrysler have been in meetings with the U.S. Treasury this week to discuss how and when the Detroit automakers can again become viable. Both...
View ArticleGM Bondholders not digging restructuring plan
Filed under: Government/Legal,GMGeneral Motors submitted a restructuring plan on February 17 that included 47,000 job cuts, 14 plant closings by 2012 and the sale, dismantling, or shrinking of four...
View ArticleREPORT: Unsigned waivers to blame for Chrysler Financial rejection of gov't cash
Filed under: Earnings/Financials,Government/Legal,ChryslerOver the past two days, we've told you what we've heard about the latest short-term federal aid coming to Chrysler and GM. According to the...
View ArticleREPORT: Porsche facing dire times, actually skirted bankruptcy in March
Filed under: Earnings/Financials,Porsche,VolkswagenThese are some confusing times in the automotive world. For the past few years, it seemed as though Porsche was primed to rule the world. It was...
View ArticleREPORT: GMAC likely to get more cash soon from federal government
Filed under: Government/Legal,GMGMAC has received $12.5 billion in U.S. Treasury loans since last December, but that sizable amount of cash may not be the last of government assistance. The Detroit...
View ArticleREPORT: Old Carco (read: "Bad Chrysler") to not repay $4B in TARP loans
Filed under: Earnings/Financials,Government/Legal,ChryslerBefore Fiat and prior to bankruptcy, the old Chrysler, LLC needed $4 billion just to keep the doors open. The Bush Administration came through...
View ArticleGM begins repayment to U.S. and Canadian governments
Filed under: Government/Legal,GMGood news, the check is in the mail! General Motors issued a (very) brief press release this afternoon stating that the automaker had delivered on its promise to issue...
View ArticleGM CEO Whitacre paid for own charter flight to D.C.
Filed under: Government/Legal,GMWednesday was a busy day for General Motors CEO Ed Whitacre by anyone's definition. He started the day with a trip to The General's Fairfax plant in Kansas to tell the...
View ArticleAdditional $10.4 million in advanced-battery technology grants awarded by...
Filed under: Government/Legal,Green,Emerging Technologies,ElectricThe Department of Energy (DOE) seems to be loaded with cash these days and is stopping just short of throwing the stuff at companies....
View ArticleReport: Marchionne apologizes for refering to gov't bailout as 'shyster loans'
Filed under: Earnings/Financials,Government/Legal,ChryslerWe've all been there: uttering words you almost immediately regret. You feel like an absolute idiot. But the next time that kind of situation...
View ArticleReport: Fiat looking to up Chrysler stake to 46% by June
Filed under: Government/Legal,ChryslerFiat has been in a big, fat hurry to increase its stake in Chrysler, as the Italian automaker has managed to increase ownership from 20 percent to 30 percent so...
View ArticleChrysler announces plan to repay government loans
Filed under: Earnings/Financials,Government/Legal,ChryslerContinue reading Chrysler announces plan to repay government loans Chrysler announces plan to repay government loans originally appeared on...
View ArticleSaab deal with Chinese partner collapses
Filed under: Government/Legal,Saab,ChinaThis is very bad. Remember the deal between Hawtai Motors and Saab? Collapsed. According to The Detroit News, the deal, which involved a 29.9 percent stake in...
View ArticleChrysler repays the rest of its federal loans... are SUVs to thank?
Filed under: Earnings/Financials,Government/Legal,Chrysler,FiatIt's Official: Chrysler has announced that it has repaid its multi-billion dollar obligations owed to both the United States and Canadian...
View ArticleFederal auto bailout losses estimated at $14 billion
Filed under: Government/Legal,Chrysler,GMThe federal bailout of General Motors and Chrysler cost U.S. taxpayers roughly $80 billion back in 2009, but only two years later, it appears Uncle Sam will...
View ArticleChrysler repays last of TARP loans six years ahead of schedule
Filed under: Earnings/Financials,Government/Legal,ChryslerChrysler has taken the final step towards freedom from Uncle Sam by paying off the rest of its government loans. USA Today reports that...
View ArticleRepublicans want to halve advanced technology loans, Chrysler's bid for funds...
Filed under: Government/Legal,Green,Chrysler,Ford,Nissan,Fuel EfficiencyRepublican leaders in the House of Representatives reportedly want to cut in half the balance of a U.S. government fund, the...
View ArticleTesla asks for another loan from the Feds
Filed under: Government/Legal,Tesla,ElectricWe haven't heard much from Tesla of late, but that may be because the upstart electric car maker is hard at work getting the Model S to market, as promised,...
View ArticleMove over Audi, now Chrysler has a beef with Tesla's claims
Filed under: Earnings/Financials,Etc.,Government/Legal,Chrysler,TeslaIn the same week that Audi said "not so fast" to some claims from Tesla, Chrysler has responded to a new press release from the...
View ArticleU.S. Still Plans To Distribute Over $15 Billion In Advanced Technology...
Filed under: Government/Legal,Translogic,Fisker,Ford,Nissan,TeslaAs Department of Energy relaunches loan program, we consider past successes and failuresContinue reading U.S. Still Plans To Distribute...
View ArticleBig Shift: Poll says just 25% of Americans now favor automaker aid
Filed under: Government/Legal,Chrysler,GMDuring his state of the economy speech on Capitol Hill, President Obama was passionate in stating his commitment to saving the domestic auto industry. While...
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