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Chapter 11

News

American Suzuki Declares Chapter 11, To Withdraw From U.S. Market

Well, the writing has been on the wall for years, but now it's official: Suzuki will stop selling new passenger vehicles in the U.S. The company filed for Chapter 11 bankruptcy...
Chris Haak
05 Nov, 12
EditorialsNews

Chrysler To Refinance Debt, Repay Government Loans

By Chris Haak Probably due to its much larger size, GM's bailout and repayment of some government loans has drawn far more attention than the assistance provided to Chrysler...
Chris Haak
28 Apr, 11
EditorialsNews

Toronto-Dominion Bank To Buy Chrysler Financial

By Chris Haak Toronto-Dominion, the second-largest bank in Canada based on deposits, announced today that it has acquired Chrysler Financial.  Chrysler Financial has had a...
Chris Haak
22 Dec, 10
EditorialsNews

Opel Withdraws State Aid Requests; GM Will Finance Restructuring Itself

By Chris Haak Less than a week after the German government declined to provide the state aid that Opel requested to partially fund its restructuring, GM's European arm has...
Chris Haak
17 Jun, 10
News

GM Reports First Quarterly Profit Since 2007

By Chris Haak General Motors Company has released its first quarter 2010 earnings report, and the news is actually pretty good for a change.  Helped by massive restructuring,...
Chris Haak
17 May, 10
News

GM May Return to Captive Finance

By Chris Haak Back in 2006 when GM sold a 51 percent controlling stake in GMAC to a consortium led by Cerberus Capital Management, many saw it as a sign that the company was...
Chris Haak
12 May, 10
EditorialsNews

Geithner Claims “Reasonable Chance” GM and Chrysler Will Repay Aid

But of course, there's a catch. By Chris Haak US Treasury Secretary Timothy Geithner told the Senate Appropriations Subcommittee that taxpayers were still at risk of loss from...
Chris Haak
30 Apr, 10
Editorials

Is GM Overhyping its “Loan Repayment?”

By Chris Haak Since Wednesday, GM has been making a big deal about its repayment of the remaining $5.8 billion balance of government loans ($4.7 billion to the US and $1.1...
Chris Haak
23 Apr, 10
News

Congressional Panel Calls for GMAC Breakup

By Chris Haak The Congressional Oversight Panel, created by Congress to oversee the Treasury's spending of Troubled Asset Relief Program (TARP) money, said late last week that...
Chris Haak
15 Mar, 10
News

GM Will Reinstate 661 Rejected Dealerships

By Chris Haak The saga of rejected dealerships - a fallout of the bankruptcies last year of both GM and Chrysler - took another dramatic turn in the past 24 hours. GM announced...
Chris Haak
05 Mar, 10
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