Tag Archives: Chrysler

It’s a Done Deal.

Yes, it’s now official:  Fiat now owns Chrysler without paying a penny.  Instead, they bartered technology. My only question is:  Where is Chrysler going to get the money to use the technology to put into their cars?  Supposedly, Chrysler doesn’t … Continue reading

Posted in Automotive, Business | Tagged , | 4 Comments

Was That A Bump or a Pothole?

Yesterday evening, the Supreme Court cleared the sale of Chrysler to Fiat over the objections of the three Indiana secured bondholders.  From SCOTUSblog.com: Insisting that it was denying a postponement “in this case alone,” the two-page order said the challengers … Continue reading

Posted in Automotive, Business, Government | Tagged , , ,

Just a Speed Bump…

Just heard on the radio that the US Supreme Court has delayed the sale of Chrysler to Fiat.  The announcement from SCOTUSblog states: Supreme Court Justice Ruth Bader Ginsburg put a temporary hold Monday on the deal to sell Chrysler … Continue reading

Posted in Automotive, Government | Tagged , , , | 3 Comments

Damn the Potholes, Full Sale Ahead!!

There are several potholes in Chrysler’s bid to emerge from bankruptcy with Fiat as its owner/partner. Pothole #1 is from the Detroit Free Press: The sale creating a new Chrysler-Fiat could close Monday afternoon, unless the U.S. Supreme Court decides … Continue reading

Posted in Automotive, Government | Tagged , , , , , | 5 Comments

GM Filing Chapter 11, Chrysler to be Sold

According to multiple news sources, GM has filed for Chapter 11 Bankruptcy protection at 8:00 AM this morning.  It should also be noted that even before this filing, GM was negotiating with the various stakeholders for agreements for who will … Continue reading

Posted in Automotive, Business, Government, Politics, Union | Tagged , , | 6 Comments