bankruptcy
GM and Ford Should Exit Europe
Want to see GM's stock price recover to something closer to the IPO price or - gasp - closer to the price at which Treasury would actually break even on its bailout of GM?...
U.S. Treasury To Sell Remaining GM Stake
It might finally be time to say goodbye to Government Motors, because General Motors is buying back $5.5 billion of the common stock that the U.S. Treasury currently owns. GM...
American Suzuki Declares Chapter 11, To Withdraw From U.S. Market
Well, the writing has been on the wall for years, but now it's official: Suzuki will stop selling new passenger vehicles in the U.S. The company filed for Chapter 11 bankruptcy...
Spyker Sues GM for Saab Bankruptcy
Put this one in the "no good deed goes unpunished" file. Today, Spyker (the former owner of Saab, before Saab went belly-up last year) announced that it is suing GM for $3...
Saab Should Be Euthanized
As a fan of diversity and healthy competition in the global automobile industry, it's not easy to write this. I think there would be nothing better than a healthy,...
Fiat Acquires a Majority Stake in Chrysler
By Chris Haak Last week, about two years after exiting bankruptcy protection, Chrysler Group LLC has repaid its outstanding government loans. Between a $5.9 billion...
Chrysler To Refinance Debt, Repay Government Loans
By Chris Haak Probably due to its much larger size, GM's bailout and repayment of some government loans has drawn far more attention than the assistance provided to Chrysler...
Barely a Year Into Independence, Saab’s Financial Picture Is Again Dire
Just over a year into its new life as an independent company (forgetting the fact that it's actually held by Spyker, a boutique automaker of sports cars), Saab is again facing...
Do Ford’s Q4 2010 Results Mean the Turnaround Has Stalled?
By Chris Haak Ford has been releasing some increasingly attractive earnings reports lately, dating back seven quarters, showing only black ink on its GAAP financials since the...
GM Pulls off a Successful IPO at $33 Per Share
By Chris Haak Less than a year and a half after its predecessor, General Motors Corporation, collapsed under the crushing weight of declining sales and market share,...