InfoAnda - Chrysler seeks five billion dollars more in government bailout

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Salesforce third-quarter forecast disappoints, shares drop | | 24 August 2012
Twitter settles privacy charges with U.S | 25 June 2010
Ex-Somali president's son set to become PM | International | | 13 February 2009

Saudi Arabia detains 22 Shi'ites: activists | | 6 March 2011

">Forum Views () ">Forum Replies ()

Read more with google mobile : Chrysler seeks five billion dollars more in government bailout

Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Search Search: Chrysler seeks five billion dollars more in government bailout AFP - Wednesday, February 18 WASHINGTON (AFP) - - Chrysler LLC said Tuesday it would seek an additional five billion dollars from a US government bailout loan program to help the troubled automaker ensure its survival. ADVERTISEMENT In a report outlining its long-term viability, the company said it would need more than the four billion dollars it has already received from the US Treasury under an emergency rescue agreed on last year. "We will require incremental financial support to continue our orderly and effective restructuring and are therefore now seeking an incremental two billion dollars in addition to the remaining three billion dollars that was within the scope of our original December 2 plan submission," the company said. In addition to major restructuring already announced, Chrysler said it aimed to reduce fixed costs by 700 million dollars, reduce one shift of manufacturing and cut its workforce by 3,000. It also would discontinue three vehicle models, reduce production by 100,000 vehicles and sell 300 million dollars of "additional non-earning assets." The number three automaker, controlled by private equity investors since being spun off from Germany's Daimler, said its viability plan would be finalized by a March 31 deadline imposed by Washington. It said the viability plan "is conservatively based" and reflects the slump in US auto sales that intensified in 2008. "Chrysler's viability plan is built around a robust product plan, including 24 launches in 48 months and the introduction of electric vehicles to help meet current federal fuel-economy standards," the statement said. The plan "demonstrates standalone viability" but says this "could be enhanced through a strategic alliance," referring to an agreement with Italy's Fiat for a broad global alliance giving the European group a stake in Chrysler. General Motors and Chrysler were both struggling to gain union concessions ahead of a deadline for massive restructuring plans, a condition of a 17.4-billion-dollar government bailout. But Chrysler's request for additional funds could be hampered by its recently announced alliance with Italy's Fiat. While Chrysler insists that no US taxpayer funds would go to Fiat -- which would acquire an equity stake in Chrysler in exchange for sharing its vehicle platforms and technologies -- several lawmakers have said Chrysler should be allowed to fail. Both automakers must also achieve significant concessions from the United Auto Workers union and gain the approval of their creditors as part of the terms of the bailout package. The final plans from the automakers will serve as a basis for the Treasury's decision, due by March 31, to extend the loans or call them in and allow the companies to collapse. Ford, the other "Big Three" carmaker, insists it has sufficient cash reserves to survive the downturn without federal aid, despite a 5.9-billion-dollar loss in the fourth quarter of 2008. r Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Enlarge Photo A Chrysler vehicle sits in the showroom of a dealership. Chrysler LLC said Tuesday it would seek an additional five billion dollars from a US government bailout loan program to help the troubled automaker ensure its survival. Most Popular – Top Stories Viewed Earth-like planets in our galactic neighborhood Seductive chemicals hidden in sloppy kisses Climate change could be even worse than feared 17,000 US troops to Afghanistan: Obama AIDS: 'Major advance' seen in revolutionary gene therapy View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

Other News on Wednesday, 18 February 2009
Clinton calls for coordinated economic response | International |
Israel's Peres to meet parties before naming premier | International |
Al Qaeda figure surrenders to Saudi authorities: TV | International |
ElBaradei says Iran, Syria not cooperating enough | International |
Angola wants to end practice of child labor | International |
Chipmakers seek growth in small devices | Technology |
Salesman Claim Robbers Stole $300,000 In Dog Jewelry At Denver Area Starbucks
Mobiles to have same charging socket by 2012 | Technology |
SEC Charges Stanford Companies With Multi-Billion Fraud
Hillary Clinton Says U.S. Still Weighing Possible Myanmar Policy Changes
DTV coupon backlog seen gone within weeks | Technology |
Trend Micro unveils anti-virus software for routers | Technology |
Verizon plans on-demand hosting service | Technology |
U.S. stimulus crucial for smart grid: industry | Technology |
TiVo, EchoStar return to court over patent fight | Technology |
France vintner turns to Internet tastings | Technology |
Verizon considers $5 limited service phone plan | Technology |
Don Johnson sues over Nash Bridges revenue | Entertainment |
Salesman Claim Robbers Stole $300,000 In Dog Jewelry At Denver Area Starbucks
Peres to begin talks on new Israel government
Afghans turn new page as U.S. sends more troops | International |
Syria says expects Obama to send ambassador soon
North Korea faces sanctions if missile tested: South | International |
Oscar Predictions 2008
Obama sending 17,000 troops to Afghanistan
Kyrgyz parliament to vote on Thursday on U.S. base | International |
British, Afghan troops in Taliban drugs swoop: ministry
Israel's Peres to meet parties before naming premier | International |
Oscar Predictions 2008
Palestinians says Israelis launch Gaza air strikes
Clinton calls for coordinated economic response | International |
Trump Entertainment Files Chapter 11, Again
GM, Chrysler ask for 21.6 bln dollars in more US loans
U.S. to decide in weeks, "not months" on Iraq troop cuts
Kanye West Dishes About Fashion, Jay-Z, After Grammys
Cleric leads peace march through Pakistan's Swat | International |
US states may axe executions to cut costs
Oscar Predictions 2008
Iran cooperation poor, but slows nuclear growth says IAEA
Andean glaciers 'could disappear': World Bank
Oscar Predictions
Qaeda claims abductions of Westerners in W. Africa: TV | International |
Sudan and Darfur rebels agree to hold peace talks
17,000 US troops to Afghanistan: Obama
Rascal Flatts Being Sued For Copyright Infringement
Hostile forces stirring up China jobless: official | International |
Iran still not cooperating on nuclear programme: IAEA chief
Chrysler seeks five billion dollars more in government bailout
Unexploded bombs go missing in Gaza Strip
Sudan in 'turning point' deal with Darfur rebels
Indonesia opens peatland forests for palm oil
World Bank warns of climate change in Andes
Andean glaciers 'could disappear': World Bank
Obama orders 17,000 U.S. troops to Afghanistan
Syria's Assad welcomes better ties with US: interview
U.S. general wants troop cut plans in Europe dropped
Obama To Deploy 12,000 More Troops To Afghanistan
US military deaths in Iraq war at 4,245
Trump Entertainment Files Chapter 11, Again
Obama sending 17,000 troops to Afghanistan
Samsung asks U.S. panel to ban Kodak camera imports
General Motors, Chrysler Unveil Recovery Plans To Government
Obama OKs about 17,000 more troops for Afghanistan
Alcatel, Ericsson seen as Verizon upgrade vendors
Feb 17 Highlights Of Low Points In U.S. Economy
Hundreds of US TV stations going digital overnight
Bush's Refusal To Pardon Libby Caused Permanent Rift With Cheney
Howls of protest greet tango email
President Obama Signs $787 Billion Stimulus Package Into Law
Wall Street Slides On Concerns Of Global Recession
Green tech blossoms in tough Silicon Valley climate
Pelosi To Meet With Pope Benedict During Congressional Trip To Italy
Nuclear subs didn't know they'd hit each other
U.S. stimulus crucial for "smart grid": industry
Berlusconi lawyer Mills guilty of taking bribe
Trend Micro unveils anti-virus software for routers
Verizon plans on-demand hosting service
DTV coupon backlog seen gone within weeks
Lance Armstrong urges Twitter ranks to find stolen bicycle
Samsung asks U.S. panel to ban Kodak camera imports
Mobiles to have same charging socket by 2012
Alcatel, Ericsson seen as Verizon upgrade vendors | Technology |
Cambodia's KRouge trial debates atrocity film
Samsung asks U.S. panel to ban Kodak camera imports | Technology |
Rights group reports protests among Tibetans
Weather forecast for the Asia-Pacific region
"Hostile" forces seen stirring up China jobless
Hollywood studios, actors revive contract talks
Indonesia opens peatland forests for palm oil
Don Johnson sues over "Nash Bridges" revenue
Slow progress in "Killing Fields" torturer's trial
Oscar: Hollywood's golden mystery man
Clinton off to Indonesia in next leg of Asia trip
Oscar voters wrestle with best actor choice
Evangelical church leaders detained in China
Sri Lankan rebels deny child recruitment: report
Gay couple jailed in Hong Kong for visa fraud
From rock bottom to red carpet: Oscars comeback kids
SKorean minister confirms delay in EU trade talks
Winslet ready to end Oscars losing streak
Pakistan's July-Jan c/a deficit widens to $7.754 bln
Kate Winslet's elusive Oscar finally within reach | Entertainment |
Kate Winslet's elusive Oscar finally within reach
China vows to keep yuan's value stable
Oscar voters wrestle with best actor choice | Entertainment |
Black Eyed Peas set a date for "The E.N.D."
S.Korean won falls for 7th straight session
Black Eyed Peas set a date for The E.N.D. | Entertainment |
Vegas convention business gets recession blues
Seoul shares end down 1.2 percent as banks fall
Rapper MC Hammer finds new reality on A&E | Entertainment |
Danny Gokey wows 'American Idol' judges
Q+A
Brosnan producing feature on renowned photographer | Entertainment |
Oscars telecast goes for bold as viewers stray
China promises to keep exchange rate steady
Hollywood studios, actors revive contract talks
CHRONOLOGY-South Korea tackles financial, economic crisis
It's a family affair for Pitt and Jolie at Oscars
Vietnam hikes electricity prices by 9 percent
Review: `Eleven Minutes' is only skin deep
Clinton heads to Indonesia
Venezuela, China boost economic ties
Hollywood studios, actors revive contract talks | Entertainment |
Reality TV fashion stars find rough road to runway | Entertainment |
Judge rejects Polanski's bid to reopen sex case | Entertainment |
Barbara Walters, Steve Kroft bearish on TV news | Entertainment |
Israel sets soldier's release as truce condition
Israel links Gaza deal to soldier's release
Israel links Gaza deal to soldier's release | International |
Don Johnson Sues "Nash Bridges" Over Unpaid Royalties
Iraq museum row shows turf wars as violence fades
Gary Collins Charged With His Third DUI
European equities slide further
Killing Fields lawyers clash over torture jail film | International |
Unexploded bombs gone missing in Gaza: UN
Israeli cabinet links Gaza truce to soldier release
Germany drafts bank takeover law
Zimbabwe court refuses to throw out Bennett case | International |
Iran mosque blast causes no casualties
Coldplay, Duffy headline Brit Award nominees
Pope tells Pelosi: Catholics cannot back abortion | International |
Israel strikes Hamas, border tunnels: military
ECB 'backed wrong horse' in Stanford deal
US-led strike killed Afghan civilians: police
Iraq museum row shows turf wars as violence fades | International |
Japan PM job in danger as voter ratings fall | International |
AP Interview: EPA to rule on global-warming risk
Cinematographers use tech to bring visions to life | Technology |
Obama to unveil mortgage foreclosure plan
Assad: Syria wants better ties with US
Nvidia says Intel pact applies to next-gen | Technology |
Environmental Groups Probe Chemical Content Of Cleaning Products
US-TECH Summary
Obama signs most 'sweeping' stimulus bill in US history
OH Secretary Of State Brunner, Lt. Gov. Fisher Announce Bids For U.S. Senate
BlackBerry maker settles case with SEC
California Republicans Oust State Leader Over Support For Temporary Tax Hikes
Census Bureau Hobbled By Lack Of Director
Facebook Turns Around Privacy Terms
Republicans Welcome President's Decision To Deploy 12,000 Troops To Afghanistan
Guadeloupe strike turns violent
Woman Accused Of Poisoning Baby Food In Florida Supermarket
Obama to Unveil Foreclosure Plan Wednesday
Advocacy Group Pushes Expansion Of Health Insurance Coverage To Young Adults
Radical Muslim cleric can be deported to Jordan: ruling
Global Economy, North Korea Will Be Agenda In Obama, Japanese Prime Minister Meeting
Clinton eyes deeper SE Asia ties on Indonesia trip
US general visits Afghan bomb site for death claim
Showbiz employment outlook troubling: report | Entertainment |
China hits out at Philippine bill on Spratly claims
China warns of unrest among jobless migrants
Life not all a Carnival for Rio's drum queens | Entertainment |
Japan PM job in danger as voter ratings fall
Cinematographers use tech to bring visions to life | Entertainment |
China says to support IT and electronics sectors amid downturn
Red Cross sends food aid to Sri Lanka war zone
Thai cabinet approves $54 bln spending plan
Philippine veterans told to apply for US benefits
Pakistani 10-year PIB cut-off yield at 14.9444 pct
AIDS becomes China's deadliest infectious disease
Russia launches major gas project near Japan
China provinces trot out "Buy Local" campaigns
Author of fake Holocaust story is not sorry
Chinese concerns emerge over US stimulus plan: state media
Coldplay, Duffy headline Brit Award nominees
Taiwan sees economy shrinking, cuts interest rate
Beckham, Mayer, DiCaprio celebrate Giorgio Armani
China says forex assets safe but face 'grave' challenge
Japan's central bank meets as recession deepens
Goa feels pinch of recession, terror and death
ILO: 7.2 million more Asians to be jobless in 2009
Showbiz employment outlook troubling: report
BUY OR SELL-South Korea LED boom: too far, too fast?
Brosnan producing feature on renowned photographer
Rapper MC Hammer finds new reality on A&E
8 Franciscan nuns die in Indonesian car crash
Women Coffee Drinkers See Lower Stroke Risk
Woman Accused Of Poisoning Baby Food In Florida Supermarket
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01