Monthly Archives: April 2009

Bankruptcy for Chrysler Likely Averted as Banks Cave on Debt

Posted on April 28, 2009 by Administrator

Chrysler LLC and the U.S. Treasury Dept. have reached an agreement with banks and private equity firms holding $6.9 billion of the automaker’s debt. Those firms have agreed to take $2 billion and a small equity stake in the company, … Continue reading →

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Fiat Chrysler merger still moving forward

Posted on April 15, 2009 by Administrator

Word on the street is that the CEO of Fiat has said that the deal with Chrysler could still come together by April 30th. This was released this afternoon. http://www.marketwatch.com/news/story/Fiat-CEO-reportedly-sees-Chrysler/story.aspx?guid=%7B2DCEF07B%2D7FAB%2D4FB6%2D9375%2DE6BEF0330866%7D

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New Beginnings

Posted on April 8, 2009 by Administrator
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