bankruptcy
On-Again, Off-Again GM-Chrysler Merger Talks Are On Again
The Wall Street Journal reported today that the merger talks between GM and Chrysler - which have been publicly acknowledged at least three times by my count - have again...
Chrysler To Halt All Production for a Month – Or More
By Chris Haak 12.17.2008 Chrysler LLC announced late today that it is roughly doubling the length of its normal holiday shutdown period in an effort to both conserve cash and to...
What is Richard Shelby’s Problem?
With word that the US House of Representatives has passed an auto industry rescue bill last night, the next step, of course, is to have the same bill passed by the Senate. As...
WSJ Reports That Chrysler Hires Bankruptcy Firm Jones Day
By Chris Haak 12.05.2008 With the congressional hearings on auto industry assistance still in progress, I happened to walk past a TV today that had CNBC on, and the crawl at the...
Chrysler Submits Business Plan to Congress
By Chris Haak 12.03.2008 The smallest of the formerly Big Three submitted its "detailed business plan" last to Congress, with word going out via e-mail to journalists just...
GM Submits Business Plan to Congress
By Chris Haak 12.02.2008 GM has submitted its business plan to Congress for its review - and if the plan is deemed to be viable as far as limiting the likelihood that GM would...
Some Details of GM, Ford, Chrysler Planned Presentations to Congress Emerge
By Chris Haak 12.02.2008 After the fiasco that was the first round of hat-in-hand presentations to Congress last month, punctuated by some CEOs saying they'd just as soon not...
Delphi Creditors Approve Financing Deal, Company Might Emerge From Chapter 11...
By Chris Haak 09.26.2008 Bankrupt auto parts maker Delphi Corp., which has been in bankruptcy proceedings since 2005, and saw its last exit financing plan go up in flames a few...