Chrysler was a “melting ice cube” with no alternative to a sale to Italy’s Fiat, a U.S. appeals court said in explaining why it allowed the deal to proceed. The sale was legal under the U.S. bankruptcy code, a three-judge ...
Read More »Chrysler creditors seek some time to investigate directors
Chrysler LLC shouldn’t provide a legal shield for directors and other parties until at least July 20, when an investigation into potential claims related to Daimler AG will be complete, unsecured creditors said. A committee of unsecured creditors said in ...
Tagged with: Chrysler Daimler AG Fiat
Read More »Dealership’s suit takes aim at Chrysler execs
On the same day that Italian carmaker Fiat closed the deal to take over Chrysler’s assets, a Wentzville dealership took its David v. Goliath fight with the automaker to a new level. Century Motor Corporation announced Wednesday that it has ...
Tagged with: Bob Nardelli Century Motor Corp. Chet Pleban Chrysler Ed Bergen Fiat Frank Mock Kevin Mock St. Charles County Circuit Court
Read More »Chrysler says pension funds can’t win appeal
The Indiana pension funds challenging the sale of Chrysler LLC’s assets to a group led by Fiat SpA can’t win, and the deal is better than liquidating the company, Chrysler lawyers said in appeals court documents filed Thursday. A panel ...
Tagged with: Bankruptcy Chrysler Fiat
Read More »Chrysler asks leave to cancel 789 dealer agreements
Chrysler LLC asked court permission to cancel 789 car dealership agreements, many in the suburbs of major U.S. cities, a step it called critical to its future. The company wants to break contracts with about a quarter of its estimated ...
Read More »Chrysler’s greedy hedge fund holdouts get it right
You can call the plan to merge Chrysler and Fiat good for the economy. You can think it creative. You can say it’s the start of “a vibrant new company,” as Chrysler Chairman Robert Nardelli did last week. But there’s ...
Tagged with: 363 sale Arthur Gonzalez Bankruptcy Chrysler Fiat
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