www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

WORLD> America
Chrysler heads to court for key bankruptcy hearing
(Agencies)
Updated: 2009-05-27 22:04

NEW YORK -- The future of Chrysler hangs in the balance as it heads to court Wednesday to ask a bankruptcy judge for permission to sell the bulk of its assets to a group headed by Italy's Fiat in hopes of saving itself from liquidation.

Full coverage:
Chrysler heads to court for key bankruptcy hearing Global Auto Industry Woes

Related readings:
Chrysler heads to court for key bankruptcy hearing Chrysler May sales dip 30%
Chrysler heads to court for key bankruptcy hearing Chrysler targets 800 dealers in reorganization
Chrysler heads to court for key bankruptcy hearing Chrysler moves to eliminate 789 of 3,200 dealers
Chrysler heads to court for key bankruptcy hearing Chrysler to cut 800 dealers on Thursday

Chrysler heads to court for key bankruptcy hearing Chrysler's auction plan gets go-ahead

Attorneys for Chrysler LLC maintain that the deal with Fiat Group SpA is the company's only hope to avoid being sold off piece by piece, but the agreement remains controversial with more than 100 objections to the sale filed by the automaker's dealers, bondholders, former employees and others.

However, if the deal doesn't close by June 15, Fiat could back out.

Also Wednesday, fellow US-based automaker General Motors Corp. is set to announce the results of a debt swap offer that could decide whether it can restructure out of court or will follow its Auburn Hills, Mich.-based rival into Chapter 11 bankruptcy protection.

Chrysler heads to court for key bankruptcy hearing
A sign sits on the windshield of a car at the Timberline Dodge dealership in Portland, Ore., May 26, 2009. [Agencies]

Detroit-based GM gave the holders of some US$27 billion of its bonds until midnight Tuesday to exchange their debt for a 10 percent stake in a new GM, and said it will announce the results Wednesday morning. If bondholders representing 90 percent of GM's unsecured debt -- about US$24 billion -- didn't agree to the exchange, GM has said it will file for bankruptcy protection. Bondholders have balked at the proposal from the start, saying it gives them too small a stake for the amount they are owed.

Automakers worldwide are struggling as the global recession has reduced demand for new vehicles. But GM and Chrysler have been particularly hobbled by promises to cover the health and pension costs of tens of thousands of unionized retirees -- along with recent record-high gasoline prices that reduced demand for their low-mileage trucks and SUVs.

On Tuesday, Chrysler avoided a possible roadblock to its sale when a US district judge ruled that a legal review of its bankruptcy proceedings wasn't needed before the sale hearing could take place.

Judge Thomas Griesa denied a withdrawal motion from attorneys representing a pair of Indiana state pension funds and a state construction fund. The funds had argued that a review was needed because of the unprecedented involvement of the Treasury Department in the case and its use of federal bailout funds for bankruptcy financing.

Chrysler released a statement late Tuesday saying that it was pleased with Griesa's decision and looked forward to Wednesday's hearing in bankruptcy court.

   Previous page 1 2 Next Page  

主站蜘蛛池模板: 草草影院地址 | 亚洲成人高清在线观看 | 欧美一区二区在线免费观看 | 99久久免费国产香蕉麻豆 | 欧美真人毛片动作视频 | 手机看黄av免费网址 | 亚洲久草在线 | 成人涩涩屋福利视频 | 久草视频手机在线观看 | 一区二区三区在线免费视频 | 成人三级网址 | swag国产精品一区二区 | 成人中文字幕在线观看 | 中文字幕在线视频网站 | 手机看片日韩日韩韩 | 日本欧美色 | 国产精品久久久久久久久久久久久久 | 久久精品国产一区二区三区日韩 | 亚洲免费视频在线 | 精品无码三级在线观看视频 | 伊人久久综合热青草 | 免费精品久久 | 日本美女高清在线观看免费 | 亚洲精品日本 | xxx国产老太婆视频 xxx欧美老熟 | 亚洲精品男人天堂 | a毛片在线还看免费网站 | 波多野结衣一区二区三区高清在线 | 欧美人成在线观看网站高清 | 亚州免费一级毛片 | 国产亚洲精品yxsp | 久久精品视频99精品视频150 | 一区二区不卡久久精品 | 久久88 | 九九国产精品视频 | 自拍偷自拍亚洲精品10p | 亚洲一级视频在线观看 | 欧美成人性生活视频 | 中文字幕免费观看 | 性感美女视频黄.免费网站 性高湖久久久久久久久 | 日本成人在线看 |