Tag Archive | "Chrysler"

The Roundup June 18

The Roundup June 18

Ford unveils its new hybrid. Get ready for Bailout 3: Found On Road Dead With GM (GMGMQ) and Chrysler using the bankruptcy process to shed much of their own debt cheaply and quickly, Ford has gone from the automaker with the most cash on hand to the one with the most debt on its books. […]

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The Roundup May 14

Now the blood starts to flow in the auto industry . . . In a court filing today, Chrysler asked U.S. Bankruptcy Judge Arthur Gonzalez to reject dealer agreements for 789 dealers throughout the United States in a effort “to conserve cash and pursue transactions that maximize value (“Chrysler seeks to dump 789 dealers,” Detroit […]

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The Roundup May 13

And now, it’s the auto dealers’ turn. As many as 1,500 dealership contracts will be selectively pulled by the automaker because the dealerships are poor performers or because they are in locations already saturated with dealers selling the same brands. (“Auto dealer cuts: Painful surgery,” CNN Money, May 13) Many folks are confused how cutting […]

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The Roundup May 8 Madmen Edition

Since the auto industry is the number one media advertiser in the world, there’s alot of madmen who are going to get really mad when GM and Chrysler go bankrupt. In Chrysler’s Chapter 11 filing last week, Omnicom Group’s BBDO Detroit is listed as its second-largest unsecured creditor, owed $58.1 million. It’s believed, however, that […]

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The Roundup April 30

A hard ending maketh a good beginning. But the president also criticized a group of investment firms and hedge funds that did not agree to a $2.25 billion cash offer to cancel $6.9 billion in Chrysler’s debt, saying they were holding out “for the prospect of an unjustified taxpayer-funded bailout.” Chrysler’s main task in bankruptcy […]

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The Biz Roundup April 21

Yahoo! starts its long slow transformation into Yeahsowhat? Yahoo Inc. posted a 78% quarterly profit decline as the recession hit its slumping advertising business and the Internet company said it would eliminate about 675 more jobs, or 5% of its work force. The Sunnyvale, Calif., company was hurt across the board as companies scaled back […]

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Our business strategy is a movie . . .

Apple ::: Weekend At Bernie’s Apple goes to desperate lengths to prove that Steve Jobs is still breathing. The board promises all the rest of us that we will “know” when Jobs becomes incapable of performing his job, but they don’t tell us exactly when we’ll know. Once Jobs starts showing up with sunglasses and […]

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One More Reason to Let The Big Three Go Bankrupt

I can’t say it any better than Mitt Romney did in the November 19 NY Times, and he should know, because making desperately sick companies into mightily profitable ones is what made him a gazillionaire. Money quote: Detroit needs a turnaround, not a check. In all the discussion about the GM, Ford, and Chrysler bailout, […]

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The Biz Roundup December 2

Did I say $10 billion? Actually, I meant to say $18 billion, sorry, really, for the misunderstanding. :: “Of that $12 billion, GM wants $4 billion this month. In addition to the $12 billion, GM wants another $6 billion line of credit in case the market gets even worse.” But the car wash is free. […]

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