AutoNews247.com

The deal that could have saved Chrysler LLC fell apart over the objections of a handful of fund managers and touched off an immediate debate over the responsibility of investors and the role of government.

Tags: Backlash, Chrysler, Chrysler LLC, Face, Fund Managers, Handful, Investors, Lenders, Llc, Objections, Role Of Government

Thousands of Chrysler LLC dealers who face the loss of floorplan financing will have an opportunity to sign up with GMAC by mid-May.

Tags: Chrysler, Chrysler Dealers, Chrysler LLC, Face, Gmac Finance, Llc, Opportunity

Thousands of Chrysler LLC dealers who face the loss of floorplan financing will have an opportunity to sign up with GMAC by mid-May.

Tags: Chrysler, Chrysler Dealers, Chrysler LLC, Face, Gmac Finance, Llc, Opportunity

Section 363 of the U.S. Bankruptcy Code could be crucial to Chrysler LLC’s attempt to reorganize under Chapter 11 protection.

Tags: Attempt, Bankruptcy Code, Chrysler, Chrysler LLC, Exit, Llc, Reorganize Under Chapter 11

At first blush, many Chrysler dealers liked what they heard about the automaker’s Chapter 11 filing today. But if it is optimism, it is the cautious kind.

Tags: Automaker, Blush, Cautious Optimism, Chapter 11, Chrysler, Chrysler Dealers

More auto dealers and suppliers will be eligible for federal loans under the expansion of a Small Business Administration program to be announced tomorrow, President Barack Obama said today.

Tags: Auto Dealers, Barack Obama, Business Administration Program, Federal Loans, Sba Loan, Small Business Administration

More auto dealers and suppliers will be eligible for federal loans under the expansion of a Small Business Administration program to be announced tomorrow, President Barack Obama said today.

Tags: Auto Dealers, Barack Obama, Business Administration Program, Federal Loans, Sba Loan Program, Small Business Administration

BorgWarner Inc. is halting shipments to Chrysler LLC pending the outcome of the automaker’s Chapter 11 bankruptcy reorganization. Chrysler contributes about 3 to 4 percent of BorgWarner’s sales.

Tags: Automaker, Bankruptcy Reorganization, Borgwarner, Borgwarner Inc, Chapter 11 Bankruptcy, Chrysler, Chrysler BorgWarner Inc., Chrysler LLC, Llc, S Sales

Chrysler LLC’s bankruptcy filing lists the 50 unsecured creditors to whom it owes the most money.

Tags: Bankruptcy Filing, Chrysler, Chrysler LLC, Llc, Money, Unsecured Creditors

Ford Motor Co. executives said today that they expect Chrysler LLC’s bankruptcy filing to create no immediate disruption to Ford operations.

Tags: Bankruptcy Filing, Chrysler, Chrysler LLC, Disruption, Ford, Ford Motor, Ford Motor Co., Health

The bankruptcy judge who oversaw the massive cleanup after the Enron and WorldCom meltdowns has a new challenge — overhauling Chrysler LLC. Judge Arthur Gonzalez of U.S.

Tags: Arthur Gonzalez, Bankruptcies, Bankruptcy Judge, Chrysler, Chrysler LLC, Enron, Enron Bankruptcy, Llc, Massive Cleanup, New Challenge, United States, Worldcom

Over the next several weeks, you’ll be hearing more about Section 363 as Chrysler LLC winds its way through bankruptcy. But the legal terminology won’t stop there.

Tags: Bankruptcy Law, Chrysler, Legal Terminology, Provisions

Now the legal jockeying begins. Chrysler LLC’s filing for Chapter 11 reorganization will unleash a wave of legal petitions, motions and countermotions, as everyone with a stake in the automaker’s future seeks to influence the reorganization plan.

Tags: Automaker, Bankruptcy, Chapter 11 Reorganization, Chrysler, Legal Petitions, Motions, Reorganization Plan, Stake

And the winner is … Ford. With Chrysler LLC in bankruptcy — and the possibility of General Motors to follow suit — analysts predict a giant shift in market share.

Tags: Bankruptcy, Chrysler, Ford, General Motors, Llc, Market Share, Winner Ford

Not long after President Obama announced Chrysler’s bankruptcy filing and deal with Italy’s Fiat just after noon today, reaction from all quarters — politicians, industry officials, dealers associations and others — hit the Internet.

Tags: Bankruptcy Filing, Chrysler, Chrysler Restructuring, Fiat, Industry Officials, Italy, Obama, Politicians, Quarters, Restructuring News

Some Asian automakers see an opportunity to win new customers as a result of Chrysler LLC’s bankruptcy.

Tags: Asian Automakers, Bankruptcy, Chrysler, Chrysler LLC, Llc, Opportunity, Plight, Rivals

Chrysler LLC will use Section 363 of the federal bankruptcy code to sell its principal assets to a new company resulting from Chrysler’s alliance with Fiat.

Tags: Chrysler, Chrysler Chrysler, Chrysler Chrysler LLC, Federal Bankruptcy Code, Fiat, Llc, Principal Assets

Chrysler LLC will idle most of its plants during its time in bankruptcy. The shutdown begins Monday and will stretch through the 30 to 60 days it is expected to take to restructure in Chapter 11 bankruptcy, the company said in a statement today.

Tags: Chapter 11 Bankruptcy, Chrysler, Llc, Plants

Chrysler LLC CEO Bob Nardelli will step aside after the company emerges from Chapter 11 bankruptcy, and co-President Tom LaSorda will retire before then.

Tags: Bob Nardelli, Ceo, Chapter 11 Bankruptcy, Chrysler, Chrysler Chrysler, Chrysler Chrysler LLC, Co President, Llc, President Tom, Tom Lasorda

Chrysler LLC CEO Bob Nardelli says he will step aside after the company emerges from Chapter 11 bankruptcy.

Tags: Bob Nardelli, Ceo, Chapter 11 Bankruptcy, Chrysler, Llc

Chrysler LLC will begin immediately the process of evaluating which dealerships will survive its Chapter 11 reorganization and which will not, co-President Jim Press told dealers in a national conference call today.

Tags: Chapter 11 Reorganization, Chrysler, Chrysler Dealerships, Co President, Llc, Nada, National Conference Call, President Jim

Chrysler LLC will reduce its dealership roster as it operates in U.S. Bankruptcy Court,

Tags: Bankruptcy Court, Chrysler, Chrysler Dealership, Chrysler Dealerships, Llc

April U.S. light-vehicle sales will return to January levels on stable retail sales rates and fleet sales that increased from February and March, analysts say.

Tags: April, Fleet Sales, Light Vehicle Sales, Million Vehicles, Retail Sales, stable retail sales rates

Fiat S.p.A. can gain a controlling interest in Chrysler LLC only after it has repaid about $7.5 billion in new federal loans being made to Chrysler as part of the automaker’s history-making bankruptcy filing, senior White House officials said today.

Tags: Automaker, Bankruptcy, Chrysler, Chrysler LLC, Chrysler Part, Control, Controlling Interest, Federal Loans, Fiat, Fiat S.p.A., Llc, United States, USD, White House

Chrysler LLC will switch to GMAC Financial Services for its financing as part of its bankruptcy reorganization, a senior White House official said today. “GMAC will become the financing source for new Chrysler cars,” the official said on background.

Tags: Bankruptcy Reorganization, Chrysler, Chrysler Cars, Chrysler Financial, Chrysler Financing, Chrysler LLC, GMAC Financial Services, Gmac Financing, Llc, New Cars, White House