Breath monitoring devices required for Missourians with two DWIs Jul 2, 2009
Garcia breathed into the device that was installed on a Chrysler sedan he brought to Jefferson City for the kickoff of the statewide "The Heat is On" enforcement effort. The new law is aimed at repeat drunken drivers who want to regain their driver's licenses. (Fulton Sun, MO)
Ambition versus
principles Jul 2, 2009
Today, the church is more autocratic than the government take-over of GM and Chrysler. Ford, GM and Chrysler deliver cars for sale to their dealers, but they ;do not own; the dealerships. (Princeton Bureau County Republican, IL)
Next crop of family dealers may sit idle Jul 2, 2009
More than 2,000 dealers are being forced out of the new car business by General Motors Corp. and Chrysler LLC, so frustration from those owners isn t surprising. But, Haydocy isn t one of them. (Columbus Business First, OH)
LEAR HITS THE SKIDS Jul 2, 2009
The auto supplier will need any reorganization plan approved by a majority of its debtholders, which could make for a much more protracted process than what Chrysler and GM are undergoing, one debtor said. lect. (New York Post -- Business)
Ford's New Focus Jul 2, 2009
Ford Motor is pulling out of Detroit's sales rut to lead the pack, easily passing mighty Toyota and leaving GM and Chrysler trailing behind badly in their own bankruptcy dust ... While Ford's overall sales stabilized with a drop of 11 percent -- the smallest drop of the year -- Ford vastly outperformed GM's 34 percent drop and Chrysler's 42 percent fall ... Fleet sales at GM and Chrysler, both still struggling from their bankruptcy ordeals, plunged more sharply at rates of 49 percent and 95... (New York Post -- Business)
Business Highlights Jul 2, 2009
Even Chrysler, which emerged from bankruptcy protection early in June, saw its year-over-year sales decline shrink, and analysts say that's among the signs that an auto industry slump that began with $4 per gallon gasoline last summer could be leveling off. Manufacturing data boosts hopes of recession end. (ABC News -- Wire)
Ford US sales drop 10.7% in June... Jul 2, 2009
The company has seen its market share grow while rivals Chrysler and General Motors struggle with financial problems. All carmakers report June sales results on Wednesday. (Sydney Morning Herald -- Business)
Upbeat Opening Act to Wall Streets Jul 2, 2009
Upbeat Opening Act to Wall Streets 3Q - FOXBusiness. Existing users please login. (Fox News)
Help protect our car dealerships, shop locally when possible Jul 2, 2009
Unlike our neighbors to the west, our local Chrysler dealership escaped the axe. Most assuredly all of our dealerships, both franchises and independently-owned used car dealers alike, are feeling the sting of the economic conditions. (Forest Scott County Times, MS)
Gov't won't fund GM after July 10, official says Jul 2, 2009
Last month, objections from bondholders and other groups dragged out rival Chrysler LLC s hearing on its sale for three days ... -based Chrysler s sale was approved by the bankruptcy court, the bondholder and consumer groups appealed the decision all the way up to the Supreme Court before it ultimately went through and Chrysler subsequently emerged from Chapter 11 as a new company. (Orangeburg Times and Democrat, SC)
Lear to File for Bankruptcy in Accord Giving Auto-Parts Maker $500 Million Jul 2, 2009
The suppliers ability to secure financing shows that lenders, who have been shunning auto-industry companies, may be easing credit in light of the U.S. government-backed bankruptcy restructurings of GM and Chrysler LLC, said analyst Wall. Some of the banks out there are starting to dip their toes in the financing waters, Wall said. (Bloomberg)
Fiat CEO Says Chrysler Cash Burn Slows: Report Jul 1, 2009
MILAN (Reuters) - U.S. automaker Chrysler Group LLC has stemmed the pace at which it uses cash after emerging from bankruptcy last month as a slimmer company, Chief Executive Sergio Marchionne said in an interview with Bloomberg published on Wednesday. Chrysler went through $9 ... Fiat acquired 20 percent of the new Chrysler formed from the bankruptcy. (ABC News -- Wire)
GM's CEO Grilled at Court Over Company's Sale Jul 1, 2009
Last month, objections from a group of bondholders and others dragged out rival Chrysler LLC's sale hearing for three days. At a packed Manhattan courthouse Tuesday, Henderson was questioned for about five hours by attorneys for the various parties challenging the sale, including bondholders, consumer groups and some unions. (ABC News -- Wire)
GM CEO Makes Case for Bankruptcy Asset Sale Jul 1, 2009
Part of the reason business is better is the success of Chrysler's asset sale out of bankruptcy, Henderson said. "The 363 transaction with Chrysler did go relatively quickly. It provided some buyers assurance that this can go relatively quickly," he said ... GM competitor Chrysler filed for bankruptcy on April 30 and completed a sale of its main assets a few weeks ago. (ABC News -- Wire)
Ford Ups Production as June Sales Show Strength Jul 1, 2009
Chrysler and General Motors both filed for court protection and got billions in aid from the federal government this spring when steeply declining car sales wreaked havoc on their finances ... But he also said some of June's strength could be attributed to the steep rebates Chrysler dealers offered to clear out their lots before losing their dealership contracts with the automaker. (13WMAZ.com, GA)
The Trojan Horse That’s Killing Healthcare Reform Jul 1, 2009
They gave their union allies 55 percent of Chrysler and cheated the retired teachers and police officers who had invested in the company. Then they gave $50 billion in the taxpayers money to GM to prop it up. (Human Events Online)
EXCLUSIVE: Jim DeMint's Formula for Saving Freedom Jul 1, 2009
So, yeah, I think it s fair to say that even though we have not nationalized anything at this point other than General Motors and Chrysler, AIG and financial markets, we are headed in a very socialist direction ... What would have done more to put unions in line where they needed to be is if we essentially allowed General Motors and Chrysler to go through a real bankruptcy. (Human Events Online)
U.S. competing in an unfair economic game Jul 1, 2009
General Motors and Chrysler are about to go under (partially their own fault) while Japanese companies manufacture and market their goods in direct competition with our domestic products. On a level playing field, they might still win, but they produce cars while paying salaries almost half that of American Union workers. (Burley South Idaho Press, ID)
Sputtering Michigan economy sees good news in car plant Jul 1, 2009
But Michigan, facing the effects of Chapter 11 bankruptcies at GM and Chrysler LLC and the crumbling of its once-proud car culture, pulled out all the stops to win the plant ... GM, Chrysler at a glance ... -based Chrysler Group LLC emerged from Chapter 11 last week after a new company was created by the sale of most of the automaker s assets to a group led by Italy s Fiat Group SpA.. (Helena Independent Record, MT)
Hyundai's latest sales incentive: They'll hedge your gas price at $1.49/gal. for a year Jul 1, 2009
Chrysler had a similar plan last year when gas prices shot up, but the$2. 99 guarantee was too high to beappealing for long.. (USA Today -- Money)
Triangle Dodge adds Chrysler and Jeep Jul 1, 2009
Triangle Dodge on U.S. Highway 1 has the rights to sell Jeep and Chrysler vehicles. On June 3, Dick Smith Chrysler Jeep in Aiken closed as part of a dealer network reduction ... The newly renamed Triangle Dodge Chrysler Jeep has hired two employees, said owner Lynn Brisson, and will be adding service and parts staff. (The Augusta Chronicle)
Sale of good assets needed to save GM, CEO testifies Jul 1, 2009
Part of the reason business is better is the success of Chrysler's asset sale out of bankruptcy, Henderson said. "The 363 transaction with Chrysler did go relatively quickly," he said. (USA Today -- Autos)
Bismarck: The Town the Recession Missed Jul 1, 2009
At Justin Theel's car dealership, a sprawling campus on Interstate 94, the Dodges may be gone troubles at Chrysler know no state boundaries but sales this year are still off by only about 20 vehicles. That's a blip that dealers elsewhere would kill for. (Time.com)
Maximize U.S. Truck Production to Ensure Taxpayers Are Repaid Jul 1, 2009
American workers, whether employed by Chrysler, one of the thousands in the supply chain, or those who depend on their spending have seen the company maintain or expand investment and production in Mexico and Canada while only American plants are selected for closure ... 5 billion of their dollars given to Chrysler and $7 ... The riskier alternative is to hope that Chrysler can eventually earn enough to repay the loans. (Missourian Publishing, MO)
Pricelock helps on Hyundai $1.49 gas offer Jul 1, 2009
Pricelock helps with Hyundai's $1. 49 gas offer - Silicon Valley / San Jose Business Journal. (San Jose Business Journal, CA)
General Motors' Sale Hearing Set to Continue Jul 1, 2009
Last month, objections from a group of bondholders and others dragged out rival Chrysler LLC's sale hearing for three days. Despite U.S. Judge Robert Gerber's urging for the attorneys to keep their arguments concise and to avoid redundancies among their questioning, the Tuesday hearing dragged on as a parade of lawyers made their way up to the podium to question Henderson. (ABC News -- Wire)
Auto Sales Seen Showing Signs of Stability Jul 1, 2009
Edmunds expects Chrysler sales to drop 29 ... GM's bankruptcy filing on June 1, inventory sell-offs from Chrysler dealerships that were losing franchises early in June, and the completion of the sale of Chrysler assets to a group led by Italy's Fiat SpA all may have distorted the results for the month to some extent, analysts said ... "June industry sales of light vehicles appear to have improved somewhat further versus last month's levels, benefiting from some recovery in consumer confidence... (ABC News -- Wire)
Auto suppliers cross over to wind power Jun 30, 2009
With the economy's tailspin, General Motors, Chrysler and Ford have laid off tens of thousands of workers, and Chrysler last week filed for bankruptcy protection. The problems have rippled through a support network that includes thousands of auto parts makers and other suppliers. (MSNBC -- Environment)
General Motors to Seek Approval to Sell Itself Jun 30, 2009
If the sale goes through it would mark the second big win this month for the Obama administration's autos task force, which successfully brokered the sale of Chrysler LLC to a group led by Italy's Fiat SpA ... "I think it is going even perhaps more smoothly than Chrysler, which is kind of interesting considering how much bigger GM is than Chrysler," said Stephen Lubben, a bankruptcy professor at Seton Hall Law School in New Jersey ... "Chrysler cleared the path for it and they're using pretty... (ABC News -- Wire)
Chryslers Better, Smarter, Faster Bankruptcy Jun 30, 2009
Chryslers Better, Smarter, Faster Bankruptcy. Chryslers Better, Smarter, Faster Bankruptcy ... General Motors (GMGMQ) isnt having a bad bankruptcythings appear to be more or less on trackbut there are some substantial difference between its Chapter 11 adventures and Chryslers, which have concluded. (Slate)
GM starts ball rolling on bankruptcy Jun 30, 2009
The move follows the bankruptcy filing of Chrysler and represents an attempt by President Barack Obama's administration to remake a 100-year-old company that became burdened by higher costs than competitors and a reliance on fuel-guzzling light trucks as petrol prices rose. Japan's Toyota Motor surpassed Detroit-based GM last year as the world's largest vehicle maker. (Business Report, South Africa)
GM Seeks Court Approval to Become "New" Company Jun 30, 2009
The nation's largest automaker still faces hundreds of objections from bondholders, state officials, unions and individual retirees and shareholders, but could enjoy an easier trip through the bankruptcy process thanks to the legal trail blazed just weeks ago by rival Chrysler LLC.. Last month, objections from a group of bondholders and others dragged out for three days Chrysler's hearing on its plan to sell the bulk of itself to a group led by Italy's Fiat Group SpA. ... After the Chrysler sale... (ABC News -- Wire)
Cultra reports on future of county's finances Jun 30, 2009
"Today, one in 7.5 workers in Van Buren County is unemployed. Michigan's largest employer, the auto industry, is rapidly contracting in order to return to long term profitability. This in turn will lead to the permanent elimination of tens of thousands of salaried and hourly employees throughout Michigan. It is my understanding that the State of Michigan's budget has a 1.7 billion dollar projected deficit. We should anticipate that the State's support for some of our programs could be reduced or... (Paw Paw Courier Leader, MI)
Obamanomics Renders Economy Inefficient Jun 30, 2009
We have seen how union compensation scales and work rules contributed to the bankruptcy of General Motors and Chrysler -- a fate the non-union car manufacturers have avoided. Yet Congress and the president are preparing to spur union growth by eliminating the secret ballot in union-recognition elections and, rumor has it, by writing advantages for union members into the tax laws, perhaps by exempting them from taxes on their employer-sponsored health-care benefits while imposing such taxes on... (CBS News)
Wicker auto stock bill worth debating Jun 30, 2009
could see that happen in the wake of the federal government's bailouts of General Motors and Chrysler. After those companies emerge from bankruptcy, the U.S. Treasury will have a 60 percent stake in GM and an 8 percent share in Chrysler. (Brookhaven Daily Leader, MS)
Pricelock Partners With Hyundai to Lock in Low Fuel Prices Jun 30, 2009
Pricelock, founded in 2006, was the company behind Chrysler's "Let's Refuel America" campaign last year that generated more than 17,000 new customers for Chrysler. Pricelock combines technology, strong expertise in commodities and an online management platform to serve companies in many industries. (PR Newswire)
Chevy Racing to Meet Demand for New Camaro Jun 30, 2009
Chrysler sold 2,695 of the rival Dodge Challenger it brought a year ago. GM spokesman Terry Rhadigan says Camaro will be "right with Mustang on sales" by the end of June. (13WMAZ.com, GA)
Ford boosts output as decline eases Jun 30, 2009
Ford said June 1 it would boost third-quarter output by 42,000 vehicles to try to capture sales from domestic rivals General Motors Corp. and Chrysler LLC after they idled factories in bankruptcy reorganization. Ford is now adding 25,000 more to meet growing demand, Truby said in an interview. (Sydney Morning Herald -- Business)
Some grassroots people like what Obamas doing Jun 30, 2009
Also, would Chrysler and GM have more dealerships selling their cars if they had simply folded their tents and gone bankrupt totally ... Chrysler and GM, as well as AIG SHOULD have been allowed to go bankrupt. (Sierra Vista Herald, AZ)
Ford boosts production 16% as June car sales show strength Jun 30, 2009
But he also said some of June's strength could be attributed to the steep rebates Chrysler dealers offered to clear out their lots before losing their dealership contracts with the automaker. Rebates at 's brand, which the automaker is shutting down, also fueled sales. (USA Today -- Autos)
The Company Behind the Hyundai Gas Offer Jun 30, 2009
For the Pricelock program with Chrysler, the offer was for guaranteed gas at $2 ... How did Chrysler get the price of gas so wrong ... All Chrysler wanted to do is sell cars, and this promotion drove people into the dealerships. (BusinessWeek)
Help protect our car dealerships, shop locally when possible Jun 30, 2009
Unlike our neighbors to the west, our local Chrysler dealership escaped the axe. Most assuredly all of our dealerships, both franchises and independently-owned used car dealers alike, are feeling the sting of the economic conditions. (Forest Scott County Times, MS)
Ode to the Cup Holder Jun 29, 2009
Last year, I test-drove a Chrysler Town & Country minivan that had 13 cup holders placed deftly throughout the vehicle. Prior to that, I attended a model debut for the 2009 Subaru Forester in which some of the product development people boasted that they had created a new breed of cup holder specifically designed to accommodate 24-ounce bottles. (Slate)
Fenton mayor, UAW leader not giving up (3) Jun 29, 2009
(0) Fenton mayor, UAW leader not giving up By JIM SALTERAssociated Press Writer Saturday, May 02, 2009 ST. LOUIS (AP) Despite Chrysler s plans to close both of its suburban St. Louis plants, union leaders and elected officials on Friday weren t ready to concede the plants demise. Chrysler spokesman Max Gates confirmed that the company s restructuring plan calls for the sale or liquidation of eight plants, including the St. Louis North plant that manufactures Dodge Ram pickups ... Gates said... (Park Hills Daily Journal, MO)
Dealerships' status remains the same Jun 29, 2009
Pike County Chrysler in Barry is now Pike County Auto Sales, according to Floyd Rennecker. The company franchise agreement with Chrysler expired June 9 ... "I was a Chrysler dealer for 18 years before they rejected me," Rennecker said. (Pittsfield Pike Press, IL)
SDL Announces the Acquisition of XyEnterprise, a Leader in XML Publishing and Component Content Management Software Jun 29, 2009
Global industry leaders rely on SDL to provide enterprise software or hosted services for their GIM processes, including ABN-Amro, Best Western, Bosch, Canon, Chrysler, CNH, Hewlett-Packard, Microsoft, Philips, SAP, Sony, Sun Microsystems and Virgin Atlantic. SDL has implemented more than 500 enterprise GIM solutions, has deployed over 170,000 software licenses across the GIM ecosystem and provides access to on-demand translation portals for 10 million customers per month. (Yahoo News -- Press Releases)
Mini laughs off last-place quality ranking Jun 29, 2009
In the same study last year, Mini was second from the bottom, followed only by Chrysler's Jeep brand, and it came in below average in J.D. Power's study of long-term reliability this year ... Competitors like General Motors Corp. and Chrysler Group LLC known more for their hulking SUVs than nimble fuel-sippers have plans to launch new small cars in the coming years. (MSNBC -- Business)
NASCAR fights to keep sponsors, fans and dollars coming in Jun 28, 2009
Since the Feb. 15 Daytona 500, Chrysler, then General Motors, two major forces in NASCAR competition, have gone bankrupt and pulled factory support from race teams ... After Chrysler and GM went into bankruptcy, NASCAR chairman and CEO Brian France held a news conference at Michigan International Speedway, on the doorstep of Detroit's "Big Three," and said the sanctioning body would welcome participation queries from foreign automakers ... General Motors and Chrysler cars have won 65 percent of... (Daytona Beach News Journal)
Fiat Open to Retail and/or Institutional Bond: Report Jun 28, 2009
Fiat has taken a 20 percent stake in U.S. car maker Chrysler and Marchionne is working to put together a plan for the U.S. car maker's product offer. Daily Il Giornale had cited rumors the Fiat-Chrysler plan could see the platform for Chrysler's Voyager model extended to the Phedra, affecting a collaboration Fiat has with PSA.. (ABC News -- Wire)
Why do Americans need to be paid to buy fuel-efficient cars? Jun 28, 2009
Consumers certainly are hurting just as much as Chrysler or General Motors, and this serves as something of a personal bailout for them. But they re not really the winners here. (Racine Journal Times, WI)
Are better economic times on horizon? Jun 28, 2009
Manufacturing "is down extremely low now. But when GM and Chrysler start up their [idled] assembly lines again, that's when you might actually see some rises in industrial production," Mr. Hoffman said. June retail auto sales project to be down year-over-year, but up 14 percent from May figures. (Pittsburgh Post-Gazette, PA)
Financial ills stem from poor decisions Jun 28, 2009
Some of the wage cuts, like the givebacks by Chrysler workers, are the price of federal aid. Others, like the tentative agreement on a salary cut here at The New York Times, are the result of discussions between employers and their union employees. (Fresno Bee -- Business)
Second-generation Insight makes it easier to be green Jun 27, 2009
With Chrysler now under control of Europe's Fiat, and its immediate future assured, we can relax. Karen C. asks: "I recently resigned from a company in which I have a 401(k) plan. Funds were deducted... Advertisers Advertising Services: Reader Services: Company Info: Be the first to share your thoughts on this story. Share your thoughts on this story. - be the first to share your thoughts on this question. - Sorry, comments are closed for this story. spotlight / Second-generation Insight makes... (San Francisco Chronicle)
CBO Lowers Estimate of Bailout Costs to $159B Jun 27, 2009
So far, the government has provided $55 billion in loans and investments to General Motors Corp., Chrysler LLC, its financing arms and suppliers. The ultimate cost to taxpayers of that financing will be $40 billion, the CBO said. (ABC News -- Wire)
Mich. finally gets good news with small car plant Jun 27, 2009
But Michigan, facing the effects of Chapter 11 bankruptcies at GM and Chrysler LLC and the crumbling of its once-proud car culture, pulled out all the stops to win the plant. Clearly we have been creative in fighting for the small car plant, said Liz Boyd, spokeswoman for Democratic Michigan Gov. Jennifer Granholm. (Columbia Daily Herald, TN)
Sputtering Michigan economy sees good news in car plant Jun 27, 2009
But Michigan, facing the effects of Chapter 11 bankruptcies at GM and Chrysler LLC and the crumbling of its once-proud car culture, pulled out all the stops to win the plant ... GM, Chrysler at a glance ... -based Chrysler Group LLC emerged from Chapter 11 last week after a new company was created by the sale of most of the automaker s assets to a group led by Italy s Fiat Group SpA.. (Helena Independent Record)
LETTERS: NCT, June 27, 2009 Jun 27, 2009
"The most notable recent examples are China and India, which had strict government control of the economy until a few years ago. When government restraints were removed and markets were allowed to function with relative freedom, the economies boomed and the people prospered.Granted, these markets are not as free as they could be, but they are sufficiently free to achieve the benefits of entrepreneurial enterprise.This country achieved its greatness because of capitalism. The problems we are... (North County Times)
In small-town Pa., fading car dealers leave scar Jun 27, 2009
"Our local dealer has been unfairly deemed worthy of being closed. ... Apparently, loyalty is not important to you." General Motors Corp. has announced plans to pull 90 franchises in Pennsylvania and Chrysler Group LLC more than 50 the most in any state for both companies and along with them, a slice of Americana. N ew - c a r d e a l e r s i n Pennsylvania record fewer sales per dealer than many other states. (Havre Daily News, MT)
Hard work could save GM, auto industry insider says Jun 27, 2009
Thats according to Jim Wangers, author of two books about the auto industry, long-time employee with General Motors and later a consultant to Ford and Chrysler. During his stop at this weekends All-GM Nationals, where he spent his 83rd birthday, Wangers told others at Friday Night Drag Racing that the companys brands are strong enough to survive the recession and GMs bankruptcy. (Carlisle Sentinel, PA)
Boerne auto dealers form alliance Jun 27, 2009
The alliance includes Ancira Pontiac - Buick- GMC Truck; Ancira Motor Homes; Boerne Dodge Chrysler Jeep; Cavender Chevrolet; Jennings Anderson Ford; Mercedes Benz of Boerne; and Toyota of Boerne. Together they will have 2,500 vehicles in their inventory from a wide range of manufactures all within a quarter-mile area just minutes north of Loop 1604 on IH-10 West at exit 543. (San Antonio Business Journal, TX)
Gless in S.F. for 'Hannah Free,' Dyke March Jun 27, 2009
Friday, June 26, 2009. When Sharon Gless learned that her movie "Hannah Free" would be the closing night feature at the San Francisco International LGBT Film Festival, she immediately committed to flying in for the event. (San Francisco Chronicle)
AG objects to GM bankruptcy Jun 26, 2009
Much like the Chrysler sale, Cordray s objections involve issues over workers compensation benefits liability and reconciling the bankruptcy with state law regulating automobile dealerships. GM has notified 1,323 dealerships that they will not have their franchise agreement renewed, including 79 in Ohio. (Cincinnati Business Courier, OH)
Bulls Hijack Wall Street: Dow Adds Jun 26, 2009
Hertz (HTZ) lifted its second-quarter profit outlook above estimates despite the bankruptcies of General Motors and Chrysler. The car rental company also sees an unexpected 2009 profit of 12 cents to 15 cents per share, well above estimates for a 21-cent loss. (Fox News)
Billions approved to finance GM bailout Jun 26, 2009
That had been a legal objection raised unsuccessfully by Chrysler investors opposing its bankruptcy plan. The $30. (USA Today -- Money)
'Cash for clunkers' Jun 26, 2009
"It's a lot of money, and it's exciting," said Bill Wallace, owner of Stuart-based Wallace Automotive Group, which sells brands including Nissan, Cadillac, Volvo, Mazda and, until his Fort Pierce dealership was forced to close earlier this month, Chrysler. A similar program in Germany has given auto sales a big boost, he said. (The Palm Beach Post)
