Also from Fiat’s official announcement today (via Financial Post)The transaction will be implemented through an expedited sale of substantially all the assets of Chrysler to a NewCo pursuant to certain provisions of the US Bankruptcy Code. After intense consultations with the US Treasury and all the other constituencies, including, the government of Canada, the United [...]
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Chrysler Bankruptcy the discussion point for my appearance on Fox Business Channel/America’s Nightly Scorecard today at 4 pm PST/7 pm EST.
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Meanwhile, in Europe, Chrysler gets a yawn, but all eyes are on Opel. Who, when, with whom? Fiat’s entreaties received a loud “NEIN!” from all colors of the German spectrum. The current darling appears to be Magna: Closer to home, Austrian, just like Porsche, not Chinese, politically well connected.The Austrian-Canadian car parts maker and contract [...]
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In his cut-and-paste from the press release letter to ex-Chrysler-as-we-knew-it employees, ex-Chrysler CEO Bob Nardelli refers his ex-troops to a website set-up to explain just how bad their post C11 situation isn’t. Needless to say, the electronic hand-holding portal—www.chryslerrestructuring.com—is broken. But that’s OK. ‘Cause the other site mentioned— www.scoopchrysler.com— is up and running. (I’ll refrain from [...]
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Photo Credit: Saab Automobile U.K.Saab Automobile U.K. Launches a new Saab 9-3 ‘Turbo’ edition. This model launches a new revised ecopower diesel engine range that reduces CO2 emissions.What’s interesting about this version, is that it looks like the wheels are what were launched on the first generation Saab 9-3 sport sedan all the way back [...]
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The Presidential Task Force on Automobiles (PTFOA) has claimed its second Motown CEO scalp. Chrysler CEO Bob Nardelli announced his departure in paragraph eight of Chrysler’s official statement on the automaker’s Chapter 11 bankruptcy filing. “Now is an appropriate time to let others take the lead in the transformation of Chrysler with Fiat,? said Nardelli. ?I [...]
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A member of our Best and Brightest found this 107 mile Pontiac G8 for $26,664. I called and verified the vehicle and price, although these things should always be verified in person. Anyone else seen low price G8s? And how low will they go?
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Auburn Hills, Mich., Apr 30, 2009 - Chrysler LLC today announced that, as a result of the comprehensive restructuring plan agreed to by many of its stakeholders, it has reached an agreement in principle to establish a global strategic alliance with Fiat SpA to form a vibrant new company. It will allow Chrysler and Fiat to fully optimize their respective manufacturing footprints and the global supplier base, while providing each with access to additional markets. Fiat powertrains and
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From the “You’ve got to be kidding” files comes word (actually via FoMoCo) about a woman who was driving near Yellowstone Park and hit a BISON with her shiny new Ford Fusion and lived to tell about it. Not only did she live, but she was so impressed with the Fusion’s sturdiness, she bought [...]
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TTAC commentator and contributor David Holzman writes: Like just about everyone else whose car is at least four years old, my windshield (1999 Honda Accord) is pitted enough to make driving into the sun a real chore. What can I do about it, if anything? I tried some glass polish from one of the big mail order car [...]
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HotRides: The best car / auto posts from around the web
The best car / auto posts from around the web. New Cars, Classic Cars, Car Mods and hacks