What's Hot

    A Closer Look at the Rescue of Credit Suisse

    March 17, 2023

    What the Failure of Silicon Valley Bank Means for Crypto

    March 13, 2023

    SmartFi Review – Is It Legit?

    March 8, 2023
    Facebook Twitter Instagram
    Twitter LinkedIn
    What the FinanceWhat the Finance
    Subscribe
    • Global Economics
    • Crypto
    • Stockmarket Watch
    • Investment Ideas
    What the FinanceWhat the Finance
    Home»Stockmarket Watch»GM and Chrysler Shut Down
    Stockmarket Watch

    GM and Chrysler Shut Down

    The What GirlBy The What GirlDecember 18, 2008Updated:February 22, 2023No Comments2 Mins Read
    GM & Chrysler
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Is General Motors and Chrysler in merger talks? This rumour was doing the rounds again yesterday, following a report in the WSJ. GM denied this was the case, with a spokesperson stating ” I can say unequivocally we are not in any merger talks with Chrysler”.

    Manufacturing shut downs: GM halted production of the Volt and is also planning to idle 20 other plants for up to one month. Ford has extended its holiday shutdown period by at least a week. Chrysler has announced that it will extend the annual two week shut down to a minimum four week shut down starting today.

    President Bush stated he wanted to avoid a “disorderly” bankruptcy, but also that he was concerned about putting good money after bad and that he hadn’t made up his mind on a plan. Analysts continue to view the most likely result as some form of monetary aid to keep the auto makers afloat to the new year when it becomes the problem of a new administration, with an ‘orderly’ bankruptcy filing sometime in Q1 looking more likely.

    Chrysler finance may temporarily stop lending: according to a letter to Chrysler dealerships with the CEO of Chrysler Financial, Chrysler will be forced to halt lending in the near term of Chrysler dealers continue to tap credit to finance the purchase of new vehicles at the current rate.

    Author Profile

    dadff7b1a7f33524d7aa069a4c17433d?s=100&d=mm&r=g
    The What Girl
    I am a financial services writer with experience in forex trading and stock market analysis.
    Latest entries
    • financial pages help pick stocksInvestment Ideas2013.08.14Stockmarket Shares: Tips for Beginners
    • pressure sellingNewsWire2013.08.07New consumer protection laws target pressure sellers
    • housing priceBest Deals2013.07.25Price rises spell trouble for UK’s crowded housing market
    • welbyNewsWire2013.07.01Money lenders welcomed into temple as Church of England plans credit union
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleFX Trading Tips
    Next Article GM, Chrysler Struggling to Survive

    Related Posts

    Currency Market Snapshot

    July 9, 2009

    Ireland Riskier than PIGS

    February 16, 2009

    Woolworth’s Bankruptcy

    November 27, 2008
    Add A Comment

    Leave A Reply

    A Closer Look at the Rescue of Credit Suisse

    March 17, 2023

    What the Failure of Silicon Valley Bank Means for Crypto

    March 13, 2023

    SmartFi Review – Is It Legit?

    March 8, 2023

    How To Find The Best Deals For Loans

    March 1, 2023
    Categories
    • Best Deals
    • Crypto
    • Global Economics
    • Investment Ideas
    • NewsWire
    • Stockmarket Watch
    Recent Comments
    • what the finance on GM, Chrysler Struggling to Survive
    • Larry Miles Jnr on Loans & Credit Cards – Traps to Avoid
    • Doreen on Trading Ban for Societe Generale
    • Briam F on General Motors Bankruptcy Facts
    • Priansa on Pret a Manger – Best Deal of the month!
    Also Check Out

    Paypal’s President’s Credit Card Used In Shopping Spree

    February 11, 2014

    Investment Opportunities Abound in Egypt

    February 6, 2023

    Subscribe to Updates

    Get the latest sports news from SportsSite about soccer, football and tennis.

    Your source for financial news. This is not financial advice. Our opinions are independent of any financial organizations.

    We're social. Connect with us:

    Twitter LinkedIn
    Top Insights

    What the Celsius Bankruptcy Says About the Crypto & Defi Industries

    February 23, 2023

    Investment Opportunities Abound in Egypt

    February 6, 2023

    5 Crypto & Finance Podcasts For 2023

    February 2, 2023
    Get Informed

    Subscribe to Updates

    Get the latest market news from What The Finance.

    Twitter LinkedIn
    • Home
    • Buy Now
    © 2007 - 2023 | What The Finance blog

    Type above and press Enter to search. Press Esc to cancel.