Obbligazioni societarie GM, Ford, Chrysler: il 3D dell'automotive USA (2 lettori)

[paologorgo]

NEW YORK - A bankruptcy judge denied a motion from a group of Indiana state pension funds to delay the proposed sale of most of Chrysler's assets, saying its plan to challenge the legality of the sale in another court wasn't enough of a reason.

Judge Arthur Gonzalez said yesterday the group failed to show it would suffer irreparable harm, while noting that an expedited sale is key to Chrysler's survival.

Chrysler plans to sell most of its assets to a group led by Fiat Group SpA, of Italy, and form a new company, leaving behind many liabilities and costs that sent it into bankruptcy protection. A sale hearing is scheduled for next Wednesday, with the deal expected to close 30 days later. Without the sale, the government is unwilling to offer the financing the company needs to restructure itself.

http://www.boston.com/business/articles/2009/05/21/judge_wont_delay_chrysler_sale/

 

[Yunus80]

May 21 (Bloomberg) -- Chrysler LLC is selling cars at a higher rate than the U.S. industry this month, buoyed by incentives of as much as $6,000 and President Barack Obama’s assurances on the automaker’s survival.

Sarebbe da postare di là... ma mi spiace infierire così

 

[paologorgo]

Sarebbe da postare di là... ma mi spiace infierire così

far mica finta di essere un gentleman, che mi hai passato per PM questo link :

http://www.finanzaonline.com/forum/showpost.php?p=20219878&postcount=163

 

[Yunus80]

Non ricordo... comunque ne avevo postato pubblicamente uno analogo

 

[stockuccio]

mah ... http://whois.domaintools.com/gm-restructuring.com

 

[paologorgo]

non usano mica il fioretto...

A Chrysler LLC executive said Thursday if the company's sale of most of its operations to Fiat SpA isn't approved by bankruptcy court, all 3,181 of its remaining dealers will face elimination.
Chrysler has already notified 789 dealers that it plans to drop them from its retail network next month as part of its restructuring in bankruptcy court. Some of the dealers have been gearing up to challenge the move in court, although it's unclear how much chance of success they have.
Steven J. Landry, Chrysler's executive vice president for North American marketing said, "The auto industry cannot support the number of dealers in the marketplace." He notted that from 1990 to 2007, the industry sold about 16 million new vehicles annually, which compares with the nearly 10.5 million expected this year.
Mr. Landry said the company's dealers didn't make a profit last year, posting an average loss of $3,184.
As for concerns that numerous dealerships are going under as part of Chrysler's restructuring, Mr. Landry noted that 44% of 789 being shed sell vehicle from competing auto makers and 83% sell more used than new vehicles.

http://online.wsj.com/article/SB124290782172543041.html

 

[paologorgo]

BRIEF-UAW, GM, Treasury reach 'tentative understanding' 21.05.09 18:06 DETROIT, May 21 (Reuters) - The United Auto Workers said in a statement that it had reached a tentative agreement with General Motors Corp and the US Treasury: * UAW and General Motors Corp reach deal with Treasury * UAW says deal includes modifications to VEBA trust * UAW says deal includes modifications to labor contract * UAW says withholds details of proposed new GM contract * UAW says ratification meetings in the process of being scheduled

 

[paologorgo]

WASHINGTON, May 21 (Reuters) - The Obama administration is preparing to steer General Motors Corp (GM.N) into bankruptcy next week, The Washington Post reported on Thursday, citing sources familiar with the discussions.
Under the GM draft bankruptcy plan, the company would receive just short of $30 billion in additional federal loans, the newspaper quoted a source as saying.
The figure is a starting point in negotiations between the government and GM and could change as could the timing of a bankruptcy filing, the newspaper reported.
A cash injection that large would boost the U.S. government's investment in GM to nearly $45 billion, the article said.
The government previously indicated it planned to take at least 50 percent of the restructured company and would likely assume the right to name GM directors, the Post said.
The paper said the administration was also preparing to lift another troubled U.S. automaker, Chrysler, from bankruptcy as soon as next week, citing industry sources.
If General Motors files for bankruptcy, as widely expected, its healthy assets will be quickly sold to a new company owned by the U.S. government, a source familiar with the situation told Reuters on Tuesday.
The source, who was not cleared to speak with the media and would not be identified, said the U.S. government would pay for the assets by assuming the automaker's $6 billion of secured debt and forgiving the bulk of the $15.4 billion of emergency loans that the U.S. Treasury has provided to GM.
The government task force overseeing GM and Chrysler restructuring has given GM until June 1 to restructure its operations and prove it can be viable without government aid or face probable bankruptcy.
The company on Thursday reached a sweeping deal on concessions with the United Auto Workers and has given its bondholders until next Tuesday to agree to a plan that would reduce the company's debt. (Writing by John Crawley; Editing by Peter Cooney and Jackie Frank)

http://www.reuters.com/article/marketsNews/idCAN2132520420090522?rpc=44

 

[SL66]

Gmac: riceve 7,5 mld usd da Tesoro Usa
NEW YORK (MF-DJ)--Il Dipartimento statunitense del Tesoro ha annunciatoche versera' 7,5 miliardi di dollari in Gmac, il braccio finanziario diGeneral Motors. Lo ha fatto sapere Washington specificando che 4 miliardi di dollariserviranno come prestiti per i concessionari e i clienti di Chryslermentre i rimanenti 3,5 miliardi andranno a rafforzare la posizionefinanziaria di Gmac. san(fine)MF-DJ NEWS2208:28 mag 2009

 

[paologorgo]

contrordine:

WASHINGTON (Reuters) - The Obama administration has no plans to push General Motors Corp into bankruptcy next week and the outcome of the automaker's restructuring efforts may not be known until a June 1 deadline, a source familiar with the situation said early on Friday.
Earlier, the Washington Post, citing sources familiar with the discussions, reported that the Treasury Department would steer GM into bankruptcy next week under a plan that would provide the company just short of $30 billion in new federal loans,
A U.S. Treasury spokeswoman declined to comment.
The Treasury is continuing to work with GM on its restructuring, and while the situation could change, there were no plans for a GM bankruptcy filing next week, the source, who was not authorized to speak publicly about the matter, told Reuters.
The government task force overseeing GM and Chrysler restructuring has given GM until June 1 to restructure its operations and prove it can be viable without government aid or face probable bankruptcy.
On Thursday an Obama administration official said the task force was continuing to work with GM and all of the stakeholders involved.
"I think that in terms of the outlook, I'm not going to speculate on the bankruptcy question, but I will say that the administration is committed ... to standing behind GM and is confident that the company will be able to restructure over a short period of time," the official said.
"GM faces a number of hurdles and it may well be that a court process is necessary to effectuate the restructuring, but the administration is committed to standing by the restructuring process whether or not that occurs," the official said.
GM officials could not be immediately reached for comment. While the company has indicated a bankruptcy is probable, there has been no indication from the automaker, its advisors or the government that a filing would occur as early as next week.
GM must still address a number of concerns before any filing, including payments to suppliers, receiving ratification of proposed labor concessions and sorting out a complex proposal with its bondholders to further reduce debt.
If General Motors files for bankruptcy, as widely expected, its healthy assets will be quickly sold to a new company owned by the U.S. government, a source familiar with the situation told Reuters on Tuesday.
The source, who was not cleared to speak with the media and asked not to be identified, said the U.S. government would pay for the assets by assuming the automaker's $6 billion of secured debt and forgiving the bulk of the $15.4 billion of emergency loans that the U.S. Treasury has provided to GM.
The company on Thursday reached a sweeping deal on concessions with the United Auto Workers and has given its bondholders until next Tuesday to agree to a plan that would reduce the company's debt.

http://www.reuters.com/article/topNews/idUSTRE54L0T120090522