It’s politically expedient for President Obama to blame recalcitrant hedge funds and “speculators” for forcing Chrysler into bankruptcy. But they were right to say no to the US government’s restructuring plan for the ailing carmaker.
Archive for April, 2009
Chrysler holdouts should keep fighting Obama’s cramdown
Posted: 30th April 2009 by Car Broker in Motoring News0
Chrysler forms alliance with Fiat as it files for Chapter 11
Posted: 30th April 2009 by Car Broker in Motoring NewsUS car maker Chrysler is to file for bankruptcy and enter in to a new partnership with Italian rival Fiat after lastminute negotiations between the US government and lenders broke down.
Allelectric version of Citroën supermini is clean but pricey.
Chrysler is the smallest of the Big Three US car makers. Here are a few facts about the first major car maker to collapse as a result of current global recession.
Motorway service stations charge four times supermarket price for water
Posted: 30th April 2009 by Car Broker in Motoring NewsPrices at motorway service stations could mean day trippers blowing their spending money before even arriving at their destination according to a Which? Car survey.