cash burn

Chrysler To Halt All Production for a Month – Or More

By Chris Haak 12.17.2008 Chrysler LLC announced late today that it is roughly doubling the length of its normal holiday shutdown period in an effort to both conserve cash and to...

UAW Agrees to Defer VEBA Funding, Suspend Jobs Bank

By Chris Haak 12.04.2008 Leaders of the UAW met today in Detroit to discuss what concessions the union might be willing to offer to show both the theme of shared sacrifice to...

GM Bankruptcy May Occur Before End of Fourth Quarter 2008, Chrysler Purchase...

By Chris Haak 11.07.2008 This morning, both GM and Ford released their third quarter 2008 earnings, and the news was unsurprisingly about as bad as it could have possibly been...