Mobile UPI  |   About UPI  |   UPI en Español  |   UPI Arabic  |   UPIU  |   My Account
Search:
Go

Business News

Chrysler Dealerships Closing: 789 Of 3,200 Dealers To Be Eliminated

May. 14, 2009
NEW YORK — Chrysler LLC wants to eliminate roughly a quarter of its 3,200 U.S. dealerships by early next month, saying in a bankruptcy court filing Thursday that the network is antiquated and has too many stores competing with each other. The company, in a motion filed with the U.S....
Related Stories from UPI.com

Threatened Chrysler creditors given delay

NEW YORK, May 4 (UPI) -- A New York bankruptcy judge honored a request from threatened creditors to delay a hearing on bidding procedures for Chrysler LLC's assets Monday.

Chrysler plants in Canada idled

WINDSOR, Ontario, May 2 (UPI) -- Chrysler assembly plants in Canada have been shut down indefinitely because of the car company's U.S. bankruptcy protection filing.

Bankruptcy hindering Chrysler operations

DETROIT, May 2 (UPI) -- The realities of U.S. automaker Chrysler's bankruptcy filing are sinking in with the company's day-to-day operations, a manufacturing official says.
Chrysler attorneys go to bankruptcy court

Chrysler attorneys go to bankruptcy court

NEW YORK, May 1 (UPI) -- Chrysler LLC attorneys were in a court in New York Friday, seeking to protect its workers' salaries and benefits while working its way through bankruptcy
Chrysler seeks bankruptcy; teams with Fiat

Chrysler seeks bankruptcy; teams with Fiat

NEW YORK, April 30 (UPI) -- U.S. automaker Chrysler LLC Thursday said it has filed for Chapter 11 bankruptcy in New York and reached an accord to partner with Italian automaker Fiat SpA.

Chrysler bankruptcy plans drawn up

WASHINGTON, April 25 (UPI) -- Obama administration auto industry task force members Saturday raced to complete a bankruptcy plan for U.S. automaker Chrysler LLC, sources said.
Retirees stand to lose with GM, Chrysler

Retirees stand to lose with GM, Chrysler

DETROIT, April 24 (UPI) -- Retired U.S autoworkers stand to lose tens of billions of dollars in pension and healthcare benefits in a bankruptcy filing, government officials said.
Report: Chrysler to soon file bankruptcy

Report: Chrysler to soon file bankruptcy

DETROIT, April 24 (UPI) -- U.S. automaker Chrysler LLC will declare bankruptcy as soon as next week, sources told The Wall Street Journal.

Chrysler could file for Chapter 11 soon

WASHINGTON, April 23 (UPI) -- The U.S. Treasury is arranging a bankruptcy for Chrysler LLC that would protect union employees, The New York Times reported Thursday.
A car question: Bailout or bankruptcy?

A car question: Bailout or bankruptcy?

WASHINGTON, Feb. 18 (UPI) -- The billions of dollars in additional federal help requested by U.S. automakers is dwarfed by the cost of bankruptcy, GM and Chrysler said.
1 of 25
President Obama awards the Presidential Medal of Freedom in Washington
View Caption
President Barack Obama awards the the Presidential Medal of Freedom to singer/songwriter Bob Dylan during a ceremony in the East Room at the White House in Washington on May 29, 2012. The Medal of Freedom is our NationÕs highest civilian honor, presented to individuals who have made especially meritorious contributions to the security or national interests of the United States, to world peace, or to cultural or other significant public or private endeavors. UPI/Kevin Dietsch