Tue, Jun 9th, 2009
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DETROIT (Dow Jones)--Chrysler LLC is poised to run out of money by July 4 if it fails to complete the sale of its assets to Italian auto maker Fiat SpA (FIATY), a deal that has been delayed owing to opposition from lenders.
A budget, filed with a New York bankruptcy court in early May, shows the auto maker burning through its $4.1 billion in debtor-in-possession financing and $400 million in cash collateral by the end of the week of June 29 as it pays employees and suppliers, and maintains its plants.
Related stories from top sites:
Money led GM to woo Chrysler for merger
Jun 4th, 2009 - Freep.com
Last year, when Chrysler LLC approached General Motors Corp. about a possible merger, many auto industry watchers scratched their heads and wondered: Why? The idea of a GM-Chrysler union kept coming up...
Court Backs Delphi Lenders in Bankruptcy Case
Jun 4th, 2009 - Wall Street Journal
A U.S. bankruptcy court Wednesday sided with a group of Delphi Corp. lenders who said a government-led plan to sell the auto-parts maker's operations to a private-equity fund trampled on their rights.
Lawyer Who Slowed Chrysler Deal May Take On GM
Jun 4th, 2009 - Wall Street Journal
A government lawyer labeled him a terrorist. A top adviser to Chrysler LLC called him ridiculous. As the Obama administration pushed Chrysler through bankruptcy court in record time, no one caused it more angst than Thomas Lauria...
Chrysler Appeals Court Won't Block Asset Sale to Fiat
Jun 4th, 2009 - Bloomberg
June 6 (Bloomberg) -- Chrysler LLC creditors lost anappeals court bid to block the carmaker’s sale of its bestassets to a group led by Italy’s Fiat SpA and plan to appeal thedecision to the U.S...
Consumers Seek Relief as Chrysler Bankruptcy Derails Lawsuits
Jun 4th, 2009 - Bloomberg
June 4 (Bloomberg) -- Consumers bringing personal-injuryand product-liability lawsuits against Chrysler LLC and GeneralMotors Corp. are pressing lawmakers in Washington...
Related videos from YouTube:
- Brad Pitt as Steve McQueen...Chrysler looks to be in worse shape than originally thought, according to the court proceedings. A new VW Scirocco is in the works, some guy learns to fly his Mitsubishi, and Brad Pitt may be portraying Steve McQueen in a coming bio film ...
- This week Chrysler will...This week Chrysler will ask a bankruptcy court to approve its sale to Fiat. General Motors has a June 1 deadline to restructure or face bankruptcy. (May 26)
- Jim Tarbox Chrysler Testimony...A video detailing the testimony of Chrysler officials in the bankruptcy court admitting under oath the inconsistency in criteria as applied to Jim Tarbox Jeep dealership.
- Chrysler Moves to Eliminate...Chrysler wants to eliminate 789 of its US 3200 dealerships, saying in a bankruptcy court filing Thursday that the network is antiquated and has too many stores competing with each other. (May 14)
Related stories from Digg:
Chrysler Bankruptcy Court Approves $24 Million Payout
Press release detailing the wrongful death settlement of a S. California longshoreman. (Business & Finance)
ideahallWed, Oct 21st, 20091 Diggs, 0 CommentsChrysler/Old Carco August 2009 Operating Results
On September 30, 2009, Old Carco LLC (formerly known as Chrysler LLC) filed its consolidated monthly operating report for the month ended August 31, 2009 with the bankruptcy court. The report shows a monthly operating loss of over $1.6 billion for August and a loss of almost $13.7 billion since the bankruptcy filing.(Business & Finance)
netdocketsMon, Oct 5th, 20094 Diggs, 0 CommentsChrysler Claims Bar Date (Filing Deadline) Set
Earlier today, the bankruptcy court entered an order setting a deadline (or bar date) for the filing of proofs of claim against Old Carco LLC (formerly known as Chrysler LLC) and its affiliates for certain types of claims. (Autos)netdocketsThu, Aug 6th, 20091 Diggs, 0 Comments
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