Judge Ruth Bader Ginsburg issued an order on Monday which could possibly put Chrysler at risk of going out of business. The Justice’s action amounts to a holding action of Chrysler’s impeding bankruptcy. Three Indiana state funds and various consumer groups have objected to Chrysler’s...

On Monday, General Motors Corporation officially filed for Chapter 11 bankruptcy. This should have come as no surprise to the financial community as bankruptcy has been discussed for a few years now. Going back to 2008, GM was told that they would have to submit an acceptable long term viability plan...

The competition to buy General Motors Corp’s Opel and Vauxhall units heated up last Friday as the three primary suitors were reportedly joined by an unidentified Chinese automaker. Meanwhile, sources say that bankruptcy is far from certain in the GM restructuring case, and reports that the Obama...

During President Obama’s  news conference, regarding his first 100 days in office, he made several attempts to calm the fears regarding the nation’s auto industry.  He mentioned that Chrysler coming up with a plan made him quite hopeful, more so than he has been in the last 30 days, and...

With General Motors Corp. and Chrysler LLC striving to stay out of bankruptcy Ford Motor Co. envisions itself as the “last man standing” as a result. Ford’s strategy sees them stealing customers from its weakened crosstown rivals, and separating from GM and Chrysler in the minds of...

Charles Wilson, GM’s president during the 1940’s and early 1950’s, who once told Congress “What is good for General Motors is good for America” could never believe that his GM, the global leader of the auto industry, would ever be in the position it now finds itself. This...