Chapter 11
Check Your Mirrors
By Chris Haak 02.27.2009 Already-reeling Saab had to halt production this past week when a wrinkle occurred between a supplier of parts imported to Sweden and Swedish customs. ...
GM No Longer Considers Chapter 11 Filing Off The Table
By Chris Haak 02.16.2009 With the economy in the US and globally showing no signs of improvement, and the new-vehicle market showing no signs of life, the cash situation at GM...
On-Again, Off-Again GM-Chrysler Merger Talks Are On Again
The Wall Street Journal reported today that the merger talks between GM and Chrysler - which have been publicly acknowledged at least three times by my count - have again...
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...
White House Signals that TARP Money Might Be Used for Bailout
By Chris Haak 12.12.2008 President Bush, probably (and fortunately) eager to avoid the black eye on his administration's legacy should GM and Chrysler declare bankruptcy and...
Detroit Bailout Dies in the Senate
In the face of Senate Republican opposition, the $14 billion auto industry aid bill that passed in the House of Representatives on Tuesday has died. The biggest concerns raised...
What is Richard Shelby’s Problem?
With word that the US House of Representatives has passed an auto industry rescue bill last night, the next step, of course, is to have the same bill passed by the Senate. As...
WSJ Reports That Chrysler Hires Bankruptcy Firm Jones Day
By Chris Haak 12.05.2008 With the congressional hearings on auto industry assistance still in progress, I happened to walk past a TV today that had CNBC on, and the crawl at the...
Chrysler Submits Business Plan to Congress
By Chris Haak 12.03.2008 The smallest of the formerly Big Three submitted its "detailed business plan" last to Congress, with word going out via e-mail to journalists just...