Chrysler L.L.C.
As the US auto industry struggles to recover from the economic downturn, General Motors (GM) and Chrysler are finding themselves in a dire situation, much like a person with a compromised immune system. The health of these companies is being measured by their balance sheets, and GM's debt-to-equity
Chrysler L.L.C.
As the economy continues to suffer, economists predict that the recovery will not be immediate. In fact, more than 630,000 jobs are expected to be lost in April, with an annual pace exceeding 7.5 million. The meltdown at General Motors and Chrysler has led to a hemorrhaging effect
Automobile industry
Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Recently featured stocks include deCODE Genetics, The St. Joe Company, General Motors Corp., Daimler AG, and American Electric Power Co., Inc. These companies are at a crossroads, facing challenges in their respective industries. deCODE
Motors Liquidation Co.
The once-dominant Detroit Three auto companies are on the cusp of collapse, with the threat of bankruptcy looming over General Motors and Chrysler. As part of a watershed day for Detroit, the U.S. government delivered an ultimatum to both companies, ordering them to address fundamental problems and complete a
Motors Liquidation Co.
Stock markets across Europe and the US slumped heavily as investors grew anxious over the financial health of America's major banks and automakers. The Dow Jones Stoxx 600 Index plummeted 3.8% to 170.45, its largest decline since March 2. European stocks, meanwhile, fell by the most
Automobile industry
Irish shares suffered a heavy blow yesterday as the global market took a drastic downturn, fueled by growing anxieties over the US economy's health and the US banking sector. The White House's rejection of General Motors and Chrysler rescue plans sent US markets reeling, with the
Automobile industry
As the world watches the inauguration of Barack Obama, Fiat and Chrysler announced a historic deal that could give the Italian automaker a 35% stake in the ailing Detroit auto maker. This move comes at a critical time, with Chrysler's co-president Tom LaSorda and Fiat's CEO
Automobile industry
Automakers General Motors and Chrysler, kept afloat by $17.4 billion in emergency loans, are turning to electric vehicles as a way to ensure their long-term viability. Despite Toyota's skepticism about the U.S. market, the world's leading hybrid maker has plans to introduce a new
Automobile industry
Despite posting better December sales figures, the Big Three automakers - General Motors Corp., DaimlerChrysler AG's Chrysler Group, and Ford Motor Co. - collectively lost footing in the marketplace last year. According to the latest industrywide figures, General Motors Corp. saw a 2.2% decline in sales, while
Automobile industry
The Big Three US automakers, General Motors Corp., Ford Motor Co., and DaimlerChrysler AG's Chrysler Group, are making a concerted effort to regain market share in the US passenger car market, which they've been losing to Asian and European competitors. After a decade of favoring trucks
