Cars Blog, bankruptcy

Auto News Frenzy (bankruptcy)

Posted by Website Introductions: (bankruptcy) The auto industry is really in shambles right now, with most people opting to look for jobs and spend on necessities instead of automobiles. Read more: Auto News Frenzy [click]
Tags: bankruptcy, general motors. Comments: 0.

GM loses $6 billion in the first quarter (bankruptcy)

Posted by Website Introductions: (bankruptcy) America's largest domestic automobile producer General Motors had a worse 1st quarter earnings report than last year, posting $6 billion in net loss for the quarter as its revenue slumped by $20 billion exactly a year ago. Read more: GM loses $6 billion in the first quarter [click]
Tags: general motors, restructuring plan. Comments: 0.

Chrysler likely to file Chapter 11 today (bankruptcy)

Posted by Website Introductions: (bankruptcy) US automaker Chrysler will most likely file Chapter 11 bankruptcy today if the government fails to strike a deal with the company's lender to exchange cash for debt. The Obama administration is offering $2.25 billion in cash in exchange of $6.9 billion worth of debt with the company's secured debt holders. If a deal pushes through, the
Tags: chrysler, bankruptcy. Comments: 0.