December 8, 2009 |
The newest star of a Chrysler ad couldn't get arrested in this town. Aung San Suu Kyi is a 64-year-old Nobel Peace Prize laureate and Burmese pro-democracy dissident who has spent most of the last two decades detained at her house at Inya Lake, outside of Yangon, Myanmar. Suu Kyi -- who was elected prime minister in 1990, before the military junta invalidated the election -- was again convicted in a sham trial in August after a deranged American, John William Yettsaw, swam out to her house, giving the junta the pretense to charge Suu Kyi with violating the terms of her house arrest.
July 16, 2009 |
Hundreds of car dealers marched on Washington this week, hoping to build public support for a bill to block General Motors and Chrysler from closing about 3,300 dealerships. These were family businesses, they said, mom-and-pop stores employing hundreds of thousands of Americans. And they were being asked to shoulder more than their share of pain in the restructuring of the auto industry. An honest political observer would acknowledge that the bill has almost no chance of becoming law.
June 5, 2009 |
In what is expected to be the last hurdle in Chrysler's effort to rapidly emerge from bankruptcy, a federal appeals court will hear arguments today on whether the automaker can sell itself to a new company run by Italian manufacturer Fiat. A federal bankruptcy judge approved the government-orchestrated deal earlier this week, but its completion is being delayed after three Indiana pension and construction funds filed an appeal. In hundreds of pages of documents filed Thursday in the U.S.
May 21, 2009 |
Chrysler is not yet out of bankruptcy, but it already has a new boss lined up. The automaker, which filed for Chapter 11 three weeks ago, said Wednesday that Robert Kidder would become its chairman once it emerges as a new company merged with Italian automaker Fiat. Kidder, the former chairman and chief of Borden Chemical and current head of investment firm 3Stone Advisors, will succeed current Chrysler Chairman and Chief Executive Robert Nardelli.
May 16, 2009 |
Chrysler says it will reissue checks to frustrated customers awaiting payments stemming from lemon law complaints against the automaker. Lawyers throughout the country had reported that dozens of settlement checks had bounced in the wake of Chrysler's April 30 bankruptcy filing.
May 15, 2009 |
Detroit's woes are hitting Main Street with a vengeance. Chrysler moved Thursday to eliminate 789 of its dealers, using its bankruptcy status to break their franchise contracts. And as many as 1,200 General Motors Corp. dealers are expected to receive termination notices as soon as today, with an additional 1,400 coming as GM works to meet a June 1 restructuring deadline.