Dodge Challenger

Report: Chrysler to offer $1,000 certificates to all existing customers

As bankruptcy thrashes Chrysler vehicles' resale value the company is pulling out all the stops to keep sales up until it can emerge and join forces with Fiat. To help get feet on the floors of its remaining dealerships, the company is now reportedly getting ready to send out $1,000 certificates... read more

May 15, 2009 by
GM American flag

Obama's task force orders GM to convert all of its debt to equity

The U.S. government may soon become a substantial shareholder in General Motors if a new plan to convert all of GM's debt to equity goes forward. On Friday, President Obama's... read more April 20, 2009 by

GM American flag

Bondholders consider increased debt-for-equity-swap as GM bankruptcy looms

GM's decline over the course of this year wasn't enough to convince bondholders and the UAW to grant any concessions, but recent reports that the carmaker was in... read more April 15, 2009 by

GM Detroit headquarters

GM preparing for bankruptcy

General Motors is reportedly preparing for the worst, with work under way to get the company ready for a possible bankruptcy. Earlier on this month, it was mentioned that a... read more April 10, 2009 by

GM's Fritz Henderson isn't afraid to talk about bankruptcy

GM bankrupcty could split healthier brands off into separate company

Hidden away in General Motors' plans for the next 60 days is a bankruptcy strategy that could see its most successful brands peel off to form a second company, leaving the... read more April 1, 2009 by

GM and Chrysler headquarters

Auto industry task force rejects GM and Chrysler viability plan

The Obama administration auto industry task force has rejected viability plans for General Motors and Chrysler and threatened that both may be forced into bankruptcy unless... read more March 30, 2009 by

2010 saab 9 3x 007

GM and Saab agree to five-year parts sharing deal

When the news of Saab being splintered from General Motors' holdings, many lamented the demise of the Swedish carmaker, assuming it would be unable to stand alone. But a new... read more March 25, 2009 by

2009 Saab 9-3

Bankruptcy rumors hurt residual values for GM and Chrysler

General Motors and Chrysler just can’t seem to get a break. Not only are they dealing with one of the worst market slumps to hit the auto industry in decades, fears of... read more March 22, 2009 by

Chrysler and GM Detroit headquarters

Chrysler: We’re a safer bet than GM

If asked whether General Motors or Chrysler were in a better financial position, many of us would conclude that GM looks better. However, Chrysler's chief financial officer... read more March 20, 2009 by

Jaguar XF assembly line

UK auto aid approved by EU, now accepting bids for share of £2.3 billion

The weak economy knows no borders, rampaging across the globe taking its toll in lost jobs and bankruptcies. The car industry in particular is no stranger to this strife, and... read more March 11, 2009 by

GM American flag

GM viability plan calls for $16.6 billion in additional aid, 47,000 job cuts

Chrysler’s request for an additional $2 billion in government funded loans in its latest viability proposal looks trivial compared to the $16.6 billion requested by... read more February 17, 2009 by

Chrysler CEO Bob Nardelli

Chrysler's viability plan requires additional $2 billion in loans

Building a foundation for the reconstruction of the industry, General Motors and Chrysler are required to submit new plans for viability today as part of the loan agreement... read more February 17, 2009 by

SsangYong C200 Crossover Concept

Russia’s Sollers seeking rights to SsangYong vehicles

Despite the attractive new C200 crossover concept debuted at last year's Paris Motor Show, the successful Rexton production SUV and the new-for-2008 Chairman W luxury sedan... read more January 15, 2009 by

pininfarina b0 electric concept 002

Pininfarina exits contract building, focusing solely on electric vehicles

This year has been a hard one for a lot of people, companies and industries. It has been an especially tough one for Pininfarina, losing its CEO, Andrea Pininfarina, to a... read more December 31, 2008 by

The White House

White House considering 'orderly bankruptcy' as an option for GM, Chrysler

Bankruptcy for one or more major carmakers as a solution to the current automotive downturn has been widely reviled as the worst possible alternative for the carmakers... read more December 18, 2008 by

GM and Chrysler logos

GM, Chrysler bankruptcy up to 400% more expensive than bridge loans, says study

If you listen to the CEOs and PR spin-doctors, bankruptcy has never been an option for America's carmakers, despite behind-the-scenes talk of 'Plan B' scenarios. It turns out... read more December 9, 2008 by


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