Chrysler, Reorganization | featured news

U.A.W. and Ford Reach Tentative Deal on Concessions

If union members accept the deal, Ford will gain some of the benefits that General Motors and Chrysler needed bankruptcy reorganization to achieve.

 

Treasury Is Said to Increase Its Offer to Chrysler Lenders

Treasury Is Said to Increase Its Offer to Chrysler Lenders

Under the terms of the new plan, Chrysler’s lenders would receive about 22 cents on the dollar, plus a 5 percent equity stake in the reorganized company, a person with knowledge of the matter said.

 

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