Category Archives: chrysler bailout

Report: Nardelli "laments all the time" that Cerberus lost Chrysler

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Filed under: Etc. , Chrysler , Fiat The Detroit News reports that former Chrysler CEO Bob Nardelli believes that the Obama Administration didn’t need to hand the automaker to Fiat in order for the company to continue on. Instead, Nardelli says that a private equity firm could have easily taken the reins and steered the company back toward success. As you may recall, Nardelli left Chrysler in 2009 after the private equity firm Cerberus was forced to loosen its grip on the company

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Report: Nardelli "laments all the time" that Cerberus lost Chrysler

Report: Chrysler repays last of TARP loans six years ahead of schedule

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Filed under: Government/Legal , Chrysler , Earnings/Financials , Fiat Chrysler has taken the final step towards freedom from Uncle Sam by paying off the rest of its government loans. USA Today reports that Chrysler and Fiat paid the Treasury Department $500 million for 98,461 shares and $60 million for shares from a pact with the United Auto Workers’ VEBA retirement trust. The payment means that Chrysler shed its government obligations a full six years ahead of schedule. The automaker made the move in part to show U.S.

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Report: Chrysler repays last of TARP loans six years ahead of schedule

Report: WSJ looks at who the auto bailouts really left behind

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Filed under: Government/Legal , Recalls , Safety , Chrysler , GM According to The Wall Street Journal , Chrysler’s post-bailout restructuring allowed it to effectively erase any responsibility for car accident victims. Two years after the $12.5-billion auto industry bailouts , families like the one Vicki Denton left behind are stuck between a rock and a hard place. The WSJ reports that Ms. Denton was killed in a head-on collision in which the airbag in her 1998 Dodge Caravan failed to deploy.

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Report: WSJ looks at who the auto bailouts really left behind

Breaking: Chrysler repays the rest of its federal loans… are SUVs to thank?

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Filed under: Government/Legal , Chrysler , Earnings/Financials , Fiat It’s Official: Chrysler has announced that it has repaid its multi-billion dollar obligations owed to both the United States and Canadian governments. Adding up both loans plus interest, Chrysler has just shelled out a tidy $7.6 billion. The U.S.

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Breaking: Chrysler repays the rest of its federal loans… are SUVs to thank?

Chrysler announces plan to repay government loans

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Filed under: Government/Legal , Chrysler , Earnings/Financials Chrysler CEO Sergio Marchionne and President Barack Obama meet at Chrysler’s Indiana Transmission Plant II Remember a few months back when Chrysler / Fiat CEO Sergio Marchionne complained about the terms of the loans received from the government? “Shyster loans” is what he deemed them, a term for which he later had to apologize. But the answer was clear: if Marchionne and his compatriots don’t like the terms of the loans offered from the public coffers, they were free to pay them back and refinance.

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Chrysler announces plan to repay government loans

GM will increase Volt production by 50% – to 45,000 units – in 2012

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President Obama toured the General Motors ‘ Detroit-Hamtramck facility where the automaker will build (can we say “is building” yet?) the Chevrolet Volt today, and as any good PR person will surely agree, you can’t let an opportunity like that go by without making an announcement of some sort. So, GM has something to say and it’s big news, too: GM will increase Volt production capacity by 50 percent in 2012. Details are as follows: Instead of making 30,000 Volts in the U.S.

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GM will increase Volt production by 50% – to 45,000 units – in 2012