Economy Jun 10 Watch After Chrysler Deal, Fiat to Face Tough U.S. Car Market Chrysler finalized the sale of its assets to Italian automaker Fiat Wednesday after the Supreme Court cleared the way for the deal. Analysts examine the future for the newly merged company.
Economy Jun 10 Chrysler Finishes Deal With Fiat After Court Strikes Down Request to Delay Sale Italian automaker Fiat became the new owner of most of Chrysler's assets Wednesday, in a move that largely ends the U.S. company's bankruptcy process and staves off concerns about liquidating the company. By PBS News Hour
Economy Jun 09 Watch Other News: Judge OKs Chrysler Dealer Closings In other news, a bankruptcy judge approved the closing of 789 Chrysler dealership franchises, and on Wall Street, financial markets stayed relatively stable.
Politics Jun 08 Watch Supreme Court Delays Pending Sale of Chrysler to Fiat In a one-sentence order late Monday, the Supreme Court granted a request to delay the sale of bankrupt automaker Chrysler to a group led by Italian carmaker Fiat SpA. Marcia Coyle of the National Law Journal recaps the court's move…
May 07 GM Reports Heavy Losses in the First Quarter By Admin, PBS News Hour General Motors Corp., which faces a June 1 government deadline to finish a restructuring plan or go into bankruptcy protection, said Thursday it lost $6 billion and its revenue was cut nearly in half in the first quarter. Continue reading
May 04 Watch As U.S. Automakers Struggle, Fiat Seizes Expansion Opportunities With designs for global expansion, Italian automaker Fiat plans to acquire part of the restructured Chrysler company and is moving to take over GM's European unit. A Business Week reporter explains Fiat's plan. Continue watching
Apr 30 Watch After Filing For Bankruptcy, Chrysler Faces Tough Road Ahead Chrysler filed for federal bankruptcy protection Thursday and announced a new partnership with Italian automaker Fiat as part of a larger restructuring plan. Auto analysts assess the company's move and what it means for its workers. Continue watching
Apr 28 Watch Chrysler Deadline Nears as GM Looks to Downsize After General Motors announced plans to cut another 21,000 jobs and Chrysler reached a deal with United Auto Workers that may help the automaker avoid bankruptcy, a New York Times reporter provides an update on Detroit automakers' latest efforts to… Continue watching
Apr 23 General Motors to Idle Plants for up to 10 Weeks By Admin, PBS News Hour General Motors said Thursday it will idle most of its U.S. plants for up to 10 weeks this summer, trimming some 190,000 vehicles from planned production. The shutdowns will help control high inventories and bring production in line with slower… Continue reading