Truemors
Ford posts surprise Second Quarter profit
Ford Motor Company, the only major American automaker that did not take stimulus money, has posted a surprise second quarter profit. Ford posted a profit of $2.8 Billion in the second quarter. ... 
Nuggets of News Cause Blogger to Pause
Surfing through the morning news headlines, I found some nuggets of news that caused me to pause for a moment and thought they might have a similar effect on you: NO CHRYSLER DEALERS LEFT IN DETROIT: Last week, Lochmoor Chrysler Jeep on Detroit’s East Side stopped... 
Obama’s Private Economic Conundrum
Having effectively been elected by a population believing in his redistribution of wealth promises, Obama has leaped into the fray of a game in which he has no experience. He arrived with an ideology, and seems to have learned little about the recession facing the Nation.... 
Did Chrysler Dealers Receive ‘Pink Slips’ Due to Their Politics?
Did some of the 1,100 Chrysler dealers who’ve been told they have to close their dealerships receive “pink slips” as a result of their political affiliations or contributions made — or not made — to... 
Detroit Icons - Ending More Than An Era
2009 is a year that will long be remembered by all automobile enthusiasts as the year they killed the American car. After over eight long decades, GM announced the closing of the Pontiac brand. More than an... 
Chrysler Dealerships Closing: Full List of 789 Dealers
Bankrupt auto giant Chrysler will close 789 dealerships across the US as part of its restructuring plan. This comprises nearly 25% of total dealerships. Here is the full list of the dealerships Chrysler is planning... 
created by Jordan Yerman | 32 wks ago | updated 32 wks ago
45741 views | 13 recommendations | 4 comments
45741 views | 13 recommendations | 4 comments
Chrysler won't repay bailout money
An administration official confirms that a $4 billion bridge loan and $3.2 billion in bankruptcy financing won't be paid back by Chrysler following bankruptcy. " Chrysler LLC will not repay U.S. taxpayers more than $7 billion in bailout money it received earlier this year... 
Chrysler Financial Denied Additional TARP Aid
Chrysler's finance division turned down a $750 TARP loan because it wouldn't agree to an executive pay cap. Several sources differ in their wording between "turned down" and "was turned down", but the gist is...
created by Jordan Yerman | 35 wks ago | updated 35 wks ago
74 views | 12 recommendations | 0 comments
74 views | 12 recommendations | 0 comments
Chrysler Fiat Deal in Danger
Chrysler's deal with Fiat is in serious danger. The deal is a precondition for Chryser to receive $7 billion in bailout funding, so if this falls apart, Chrysler may have to file for bankruptcy. Having said that,...
created by Jordan Yerman | 36 wks ago | updated 36 wks ago
94 views | 35 recommendations | 2 comments
94 views | 35 recommendations | 2 comments
