Tag Archives: fiat
New Group of Creditors Tries to Block Chrysler
Washington Post – The government-orchestrated sale of Chrysler to Italian carmaker Fiat is facing a fresh legal challenge from some of the American carmaker’s lenders, which are trying to take the fight to federal district court. Pension funds representing Indiana […]
Hedge Funds Lose In Chrysler Bankruptcy
The Business Insider – It looks like the "surgical" 30-60 day bankruptcy may be a go. Late last night, after a marathon session in court, Judge Arthur Gonzalez basically approved the plan to merge Chrysler into Fiat, rejecting the claims […]
Chrysler Dissidents Must Reveal Identity, Judge Says
Philadelphia Bulletin – Chrysler LLC dissident lenders must reveal their identities by 10 a.m. today, a bankruptcy judge ruled, rejecting claims that their safety was at risk. U.S. Bankruptcy Judge Arthur Gonzalez in New York forced the group to file […]
In Chrysler Saga, Hedge Funds Cast As Prime Villain
President Obama’s harsh attack on hedge funds he blamed for forcing Chrysler into bankruptcy yesterday sparked cries of protest from the secretive financial firms that hold about $1 billion of the automaker’s debt. Hedge funds and investment managers were irate […]
Chrysler lenders offer to swap $2.5B for equity
Daily Times – Banks and hedge funds that hold $6.9 billion in Chrysler LLC debt have proposed forgiving $2.5 billion of it in exchange for about a 40 percent stake a Chrysler-Fiat alliance, according to two people briefed on the […]
