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EducationGuardian.co.uk (education.guardian.co.uk) has great Chrysler news, photos, videos and more
Tuesday, Nov 17
Geithner in the doghouse over AIG
This weakness is very fishy - particularly when, as Barofsky points out, the US government felt able to demand very considerable concessions from creditors of General Motors and Chrysler following the motor companies' bail-outs. Wall Street seems to have more sway than humble Midwest...
Wednesday, Nov 4
Vauxhall job losses inevitable despite GM decision
• GM pulled out of a deal protecting German jobs The car industry expert was speaking after Detroit-based GM, which has just come out of Chapter 11 bankruptcy proceedings, said improved trading conditions left it more confident about hanging on to its overseas operation.
Outbreak of optimism in Detroit as motor industry hopes the worst is over
• Chrysler and Fiat join forces to launch smaller, greener cars Over in Japan, Nissan returned to the black this week by delivering a 25.5bn yen (£169m) quarterly profit, ending nine months of losses. And Toyota raised its target for its sales for the year to March 2010 from 6.6m vehicles to 7m.
Monday, Nov 2
Ford boosted by return to profit
Ford has managed to survive without a government bailout, unlike its rivals General Motors and Chrysler, which were both forced to file for bankruptcy. But the company still faces challenges, including an ongoing dispute with the United Auto Workers union over pay and conditions.
Sunday, Nov 1
Ford returns to US profit
Ford was the only one of the big three Detroit carmakers not to take a government bailout and the figures will give General Motors and Chrysler hope that they can stage a recovery after being battered by the recession and structural problems.
Wednesday, Oct 21
Barack Obama to order salary cuts at bailed-out firms
Mitch McConnell, the Republican leader in the US senate, said government intervention was inevitable, given the amount of money committed to bailout efforts: "If the federal government is a partner, in effect, in these companies, then it ought to have some say on compensation."
Friday, Oct 16
Bank of America chief Ken Lewis ordered to pay back salary
Wall Street has been eagerly awaiting Feinberg's decisions about pay for 75 of the highest-earning executives at seven firms that got the most taxpayer money. Other companies under scrutiny include Citigroup, Wells Fargo, General Motors, Chrysler and Chrysler Financial.
Thursday, May 14
Chrysler to close 789 US car dealerships
In its motion, Chrysler said it has many dealerships that sell one or two of its brands, with Chrysler-Jeep dealerships competing against Dodge dealers as well as other automakers' stores across the country. He said about 187,000 jobs could be lost from the closing of GM and Chrysler deal...
Monday, Mar 30
Obama threatens US car industry with bankruptcy
Between them, GM and Chrysler have already received $17.4bn of emergency loans from the federal government. But GM has asked for a further $16.6bn and Chrysler, which is owned by the private equity company Cerberus, wants another $5bn to restore stability.
