Results tagged “Chrysler” from Dealbreaker
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Cash-For-Clunkers, Double-Your-Cash Programs Bring Chrysler To The Brink Of Sales Disaster
Aug 03, 2009, 11:14am
Posted by Equity Private
Just when you thought it couldn't get any worse, news that Chrysler is selling vehicles too quickly and the mobs of customers in showrooms are alarming even seasoned Chrysler sales professionals. Models of the Jeep Wranger (15/19 City/Highway MPG) are...
Fiat Starts To Kick Chrysler To The Curb
Jun 09, 2009, 4:18pm
Posted by Greg Michaels
In the span of 2 days, Fiat has downgraded its commitment to Chrysler from 'married for life' to 'get yourself together in 6 days or you're toast'. Evidently the Justice Department's delay in dealing with the pesky Indiana pension funds...
The Wheels Are Literally Coming Off the Wagon
Jun 01, 2009, 1:42pm
Posted by Greg Michaels
When Opel gave Fiat and CEO Sergio Marchionne the Heisman in favor of Magna International, you had to assume it was going to be a long, frustrating ride from the German automaker's headquarters in Russelheim back to Torino. Imagine the...
Victory Is Obama's!
May 08, 2009, 12:23pm
Posted by Equity Private
Fight the good fight, be prepared to lose. It was, no doubt, going to be an expensive and painful slog. We might add, though we love rooting for the underdog (except for Spitz, of course) the deck was stacked. All...
Business Proposal In Utmost Confidence
May 05, 2009, 5:54pm
Posted by Equity Private
United States Treasury cc: United States Taxpayers cc: Treasury of Canada To whom it may concern: I am Chiedu Boglo the son of a retired General in the American Army and a former minister. I came to know of you...
Judge Denies Request To Keep Chrysler Secured Lenders' Names Under Seal
May 05, 2009, 4:28pm
Posted by Bess Levin
Per CNBC's Rebecca Jarvis, who also reports that Thomas Lauria, a lawyer for the group, told U.S. Bankruptcy Judge Arthur Gonzalez that "people in chat rooms" were saying threatening things in the general direction of his clients (who also "felt"...
You Dealers, You Go To Hell And You Die... Ok, Come Back Now.
May 05, 2009, 8:48am
Posted by Equity Private
Given the dominating coverage focus on Chrysler's pre-bankruptcy, and the trials of some senior creditors, as well as a great deal of obfuscation or outright willful ignorance, it is easy to forget that "Chrysler sails out of bankruptcy" isn't a...
The Original
Apr 30, 2009, 4:32pm
Posted by Equity Private
Well, if the details interest you, Chrysler's petition in the United States Bankruptcy Court of Southern New York is an entertaining start. Our favorite section in these cases has to be the list of creditors holding the 50 largest unsecured...
Obama On Chrysler Recovery Restructuring 30 60 Day Bankruptcy (Live)
Apr 30, 2009, 12:08pm
Posted by Equity Private
12:08 pm: Obama in 'da house. 12:13 pm: I can announce that I saved Chrysler, nothing is fucked, I am safeguarding taxpayer dollars, Fiat is going to save the day (oh and Canada too). 12:13 pm: Bob Nardelli is a...
Breaking: TARP Complicates Bankruptcy (Who Knew?)
Apr 30, 2009, 11:26am
Posted by Equity Private
Maria Bartiromo is reporting that a number of Chrysler's non-TARP senior bondholders are precluded from conducting direct talks with the government at all. That is entertaining. Developing....
"Will The Employee Who Let Geoffrey Do An Interview With The WSJ Please Report To HR."
Apr 30, 2009, 11:18am
Posted by Equity Private
It is entirely possible that a demographic defined by the terminally capitalist-guilt ridden figure of Geoffrey Gwin is responsible for the likes of the Chrysler tennis match we have been enjoying this morning. One of 46 secured creditors to Chrysler...
Embrace The Chaos!
Apr 30, 2009, 9:23am
Posted by Equity Private
If anyone harbored any illusions with respect to the crushing complexity involved in trying to restructure a firm before during or after bankruptcy, the last several hours should clear that question up nicely: 8:52 am EDT 9:16 am EDT 9:41...
Dealbreaker Afterhours: Chrysler Headed To The Suck
Apr 30, 2009, 5:51am
Posted by Equity Private
One of the disadvantages of taking strong positions on economic events before the fact is the credibility sink one is subjected to on the flip side. Ouch. Failing one's predictive tasks as an asset manager is a potentially career limiting...
Chrysler: Endgame
Apr 29, 2009, 4:13pm
Posted by Equity Private
Apparently, victory in the Chrysler battle will be announced presently: President Barack Obama plans to announce tomorrow morning that Chrysler LLC will be placed into Chapter 11 bankruptcy leading to an alliance with Italian automaker Fiat SpA, people involved in...
May You Come To The Attention Of Those In Authority
Apr 28, 2009, 10:06am
Posted by Equity Private
It is difficult not to be entertained by the coverage on the meteoric plunge towards bankruptcy that is Chrysler. The Journal article is pretty circumspect about some rather important details, failing even to mention bondholders until the 18th paragraph in...
Oh, Canada!
Mar 17, 2009, 3:45pm
Posted by Equity Private
Chrysler might not be long for Canada. In its continual quest to trim operations the big C is presently focused on Canada, where, in addition to a $2.3 dollar loan (we hope that's in Canadian dollars) the automaker is seeking...
The Theta Theta Theta Sorority
Jan 12, 2009, 10:59am
Posted by Equity Private
It says something that we credit Ford with some kind of great accomplishment insofar as they didn't go begging for government handouts when GM and Chrysler debased themselves during Congressional Pledge Week. ("I want that bathroom floor shining in the...
There Is Going To Be Trouble
Dec 18, 2008, 9:30am
Posted by Equity Private
GM is merging with Chrysler. No, they have no intention of merging. Yes, they are merging. Any day now. No, not merging. Never. Ok, maybe we are talking about it. No, really, we aren't. At all. GM denies Chrysler merger...
Bankruptcy Is Not An Option (Except When It Is)
Dec 05, 2008, 3:45pm
Posted by Equity Private
The Chrysler hire of Jones Day for Armageddon counsel is looking less and less like a bluff. (Not that we thought it was to begin with, but not that we didn't either). With Congress looking unlikely to just rubber stamp...
