by Joseph Szczesny | May 11, 2009
The so-called “Main Street” bondholders of General Motors Corporation are continuing their campaign to increase sympathy for their plight in the face of GM’s seemingly irreversible slide towards bankruptcy. The small bondholders are planning to make...
by Ken Zino | May 11, 2009
Ford Motor Company (NYSE: F) announced late today a public offering of 300 million shares of its common stock at a par value of $0.01 per share. Ford said it also expects to grant to the underwriters a 30-day option to purchase up to 45 million shares of common stock....
by Ken Zino | May 11, 2009
General Motors Corporation has requested another $2.6 billion in cash from the U.S. Treasury so that it can survive until the June 1st deadline for the approval of its revised “Viability Plan.” The plan, as it now stands, forecasts the need for a total of...
by Paul A. Eisenstein | May 11, 2009
The challenges continue to mount, but General Motors CEO Fritz Henderson says he’s still hoping to find a way to keep the troubled automaker from having to declare bankruptcy, in the coming weeks. With the company living on what’s left of a $15.4 billion...
by Ken Zino | May 11, 2009
The Honda Insight hybrid soared to the top of the registration list to become Japan’s best selling car in April, according to sales data this morning from the Japan Automobile Dealers Association. Insight ranked 21st in March, only the second sales month since...
by Ken Zino | May 11, 2009
The list of creditors that are owed big money by bankrupt Chrysler LLC includes many of the usual companies that are suppliers to the auto industry. But not all of them are immediately obvious, even to veterans of what remains of the auto supplier’s beat. So...
by Ken Zino | May 11, 2009
The ability of manufacturing to create wealth and high-paying jobs continues to be hampered by the global Great Recession. The latest evidence of how badly the economic crisis is affecting living standards comes from the very industry that supplies the titans of...
by Paul A. Eisenstein | May 10, 2009
There’s a frequent debate, within automotive circles, over how to name new cars. Go with catchy, easy-to-remember monikers, like Mustang and Firebird or no-nonsense alphanumerics, such as 335i, M35S or E550. No one has embraced the latter format more totally...
by Ken Zino | May 8, 2009
The U.S. Bankruptcy Court in Manhattan has just entered an order approving a process for the sale of virtually all of Chrysler’s assets. Unless an alternative offer arises, the deal with Fiat will proceed before 60 days have expired from the original April 30,...
by Ken Zino | May 8, 2009
If you have ever wondered why a “disposal fee” is increasingly tacked on to your auto repair bill, all you have to do is look at the enforcement the Environmental Protection Agency is doing against businesses that flout the law and endanger public safety....
by Marty Bernstein | May 8, 2009
Marketing Mavens Advice for Chrysler The epicenter of the domestic automobile business these days resides in Courtroom 523 at the U.S. Bankruptcy Court, Southern District of New York at One Bowling Green, New York, where Judge Arthur J. Gonzales, a respected jurist,...
by Joseph Szczesny | May 8, 2009
Toyota Motor Corporation finished off fiscal 2009 with a huge $7.7 billion loss during the fourth quarter of the traditional Japanese fiscal year, which ended March 31. The fourth quarter loss left the Japanese auto giant with a decidedly non-traditional full-year...
