Tag Archives: united-auto-workers

Chrysler Talks Stall as Banks Balk at Trading Loans for Equity

Bloomberg – Chrysler LLC, needing lender concessions by March 31, isn’t negotiating with its banks because it can’t persuade them to discuss trading loans for uncertain equity, people familiar with the companies’ actions say. Chrysler must reduce its debt by […]

Automakers to Present Amended Bailout Plan to Congress

New York (HedgeCo.Net) – The debate on whether or not to grant the big three Detroit automakers billions in bailout funds continues as Democratic leaders set a timetable for the companies to present a “credible restructuring plan.”  In a letter […]

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