Chrysler Pentastar

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Chrysler Restructuring: More Information Here

by Blog Editor

For further information on the Chrysler restructuring, go to http://www.ChryslerRestructuring.com, where you will find court documents and other materials. That site will be continually updated in the coming weeks.

Chapter 11 Fact Sheet

by Blog Editor

 

 

What is Chapter 11?
Chapter 11 provides a company with time, under protection of the court, to reorganize its business and/or capital structure before having to meet the financial claims of its creditors. Unlike an insolvency proceeding or liquidation (Chapter 7), companies that file for Chapter 11 generally continue to operate their business with the goal of emerging from the process as a viable and financially healthier enterprise.

 

Why?
Companies file for Chapter 11 for a number of reasons, but generally they are seeking to protect their assets while trying to address financial problems – such as...

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Chrysler and Fiat Group Announce Global Strategic Alliance

by Blog Editor

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 components will also be produced at Chrysler manufacturing sites.


"This partnership transforms Chrysler into a vibrant new company with a wealth of strategic...

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Chrysler Electric Vehicles at Earth Day Expo

by Paul Cirenese

About 50,000 people turned out for an Earth Day celebration in Rochester Hills, Mich. where they could discover environmentally-friendly alternatives in food, energy, clothing and transportation. One attraction was the future of green transportation - Chrysler's ENVI electric vehicles.

Under the Pentastar: April 24, 2009

by Betty Newman

This week, Under the Pentastar highlights ENVI events for Earth Day in Washington D.C., Rochester, Mich and Detroit; workers in Dundee and Monroe, Mich., spread the word on manufacturing in America; and Detroit radio station WCSX humanizes the auto industry with a "Faces Not Numbers" banner they plan to deliver to Washington.

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