Archive for Chrysler LLC
You are browsing the archives of Chrysler LLC.
Automotive Overcapcity and Exaggerated Demand
“The party is over,” says Peter Schiff, president of Euro Pacific Capita, who warned publicly in 2006 of the sub-prime housing crisis. “We bought too many cars, and now we’re broke.” Writing for Reuters journalist Nick Carey argues that the consequences of the automakers failures are likely to last for years. Already, the crisis has [...]
Supreme Court Asked to Stop Sale of Chrysler LLC
Reuters reports that an Indiana-based, pension fund firms and several consumer groups asked the U.S. Supreme Court on Sunday to stop the sale of bankrupt automaker Chrysler LLC to Fiat, arguing that “the U.S. government, which kept Chrysler afloat with loans and financed its Chapter 11 filing, overstepped its legal authority by using bailout funds [...]
Page 1 of 11
