Supreme Court Decision Puts Chrysler At Risk
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...
Latest on the GM Front
Fiat courted a merger with Chrysler and planned to buy GM of Europe, which includes Opel of Germany and the British auto company Vauxhall. This was going to possibly make Fiat the second largest global auto company after Toyota. Fiat’s grand plans have been foiled by the Canadian parts manufacturer...
GM Divisions To Be Sold
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...
Obama Eases Fears Regarding Our Auto Industry
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...