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Chrysler LLC announced Friday that it gained approval from the U.S. Bankruptcy Court to sell all of the company's assets.
Read More →GMAC Financial Services today reported a first quarter 2009 net loss of $675 million, compared to a net loss of $589 million in the first quarter 2008.
Read More →While Chrysler LLC’s bankruptcy filing under Chapter 11 on Thursday provided a clearer picture of the troubled automaker’s way forward, it left the future of Chrysler Financial clouded.
Read More →This month’s new-vehicle sales (including fleet sales) are expected to be 859,000 units, a 30.8 percent decrease from April 2008 and a 0.5 percent increase from March 2009, according to Edmunds.com.
Read More →The Obama administration set aside $500 million to help Chrysler LLC get through April, as it seeks to reach an alliance with Fiat, Reuters reported. It also set aside up to $5 billion through May to help General Motors Corp. restructure outside of bankruptcy, an independent oversight report on the Treasury Department's corporate rescue fund said Tuesday.
Read More →It’s funny how things work. There were so many detractors of the automotive bailout loan, yet no one has said much about how quickly Chrysler LLC and General Motors put American taxpayers’ money to work.
Read More →With 2009 expected to be one of the toughest years yet for auto retailing, the incoming chairman of the National Automobile Dealers Association issued a call-to-action Monday.
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