BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Lee Iacocca suggests Chrysler return the government loan soon]]>http://www.bloggingstocks.com/2009/06/22/lee-iacocca-suggests-chrysler-return-the-government-loan-soon/http://www.bloggingstocks.com/2009/06/22/lee-iacocca-suggests-chrysler-return-the-government-loan-soon/http://www.bloggingstocks.com/2009/06/22/lee-iacocca-suggests-chrysler-return-the-government-loan-soon/#commentsFiled under: ,

Former Chrysler CEO Lee Iacocca has decided to weigh in on the current situation at his former employer, when interviewed by the Associated Press. Iacocca believes that the automaker needs to get the government out of the business as soon as possible, noting that government intervention is "strong motivation to repay the loan early." Iacocca added that the government "oversight is just too extreme." He reminded readers how Chrysler repaid the previous ten year loan from the government in three.

Chrysler and General Motors (OTC: GMGMQ) are have both received billions of dollars in government loans. Chrysler has recently exited bankruptcy protection, while GM remains in Chapter 11. The Treasury Department's auto task force has already made its presence felt, forcing out both CEOs and is reshaping their boards.

Continue reading Lee Iacocca suggests Chrysler return the government loan soon

Lee Iacocca suggests Chrysler return the government loan soon originally appeared on BloggingStocks on Mon, 22 Jun 2009 10:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>automaker bailoutautormakersChryslerfFiatFordGeneral MotorsgmgmgmqinthenewsLee IacoccaSergio MarchionneMon, 22 Jun 2009 10:20:00 EST<![CDATA[General Motors says it has three suitors for its European divisions]]>http://www.bloggingstocks.com/2009/05/20/general-motors-says-it-has-three-suitors-for-its-european-divisi/http://www.bloggingstocks.com/2009/05/20/general-motors-says-it-has-three-suitors-for-its-european-divisi/http://www.bloggingstocks.com/2009/05/20/general-motors-says-it-has-three-suitors-for-its-european-divisi/#commentsFiled under: ,

According to the Financial Times, General Motors (NYSE: GM) expects "as many as three bids" for a strategic stake in its European arm by today's deadline. GM Europe spokesman Chris Preuss stated, "Based on conversations that are ongoing, the expectation is that there will be three bids put on the table." GM expects to rake in $887 million for the division.

The report quotes "two people close to the deal, who requested anonymity" as saying the three bids could come from Fiat, Canadian parts manufacturer Magna, and Brussels firm RHJ International.

Continue reading General Motors says it has three suitors for its European divisions

General Motors says it has three suitors for its European divisions originally appeared on BloggingStocks on Wed, 20 May 2009 09:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>automaker bailoutautomakersFiatgmGM BankruptcyinthenewsOpelsergio marchionneWed, 20 May 2009 09:20:00 EST