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Chrysler Bankruptcy Auction Approved
Chrysler Auction ApprovedChrysler LLC wins bankruptcy court approval to auction most of its assets. Italy’s Fiat SpA holds lead bid in a deal that would create the world’s sixth-largest automaker.Objections were over ruled from a group of Chrysle...
Chryslers Bankruptcy Sale
The Chrysler sale, er, Bankruptcy, er, both actually.Chrysler, backed by the government and the United Auto Workers, is wanting to sell its business to a new company in an expedited procedure under Section 363 of the bankruptcy code. The new company ...
Chrysler Bankruptcy, who wins?
Chrysler’s bankruptcy, which the government views as a swift surgical process, was filed in a New York bankruptcy court this morning, with the first hearing scheduled for Friday.President Obama said from the Whitehouse, “I have every confidence t...
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Chrysler files bankruptcy
Chrysler files for Chapter 11 at New York courtThe first-ever bankruptcy filing by a major U.S. automakerThe U.S. government will provide upto $3.5 billion in DIP financing and up to $4.5 billion in exit financing.Move to save 30,000 jobs at Chrysler...

