Emily Maltby, CNNMoney.com staff writer
On Thursday May 14, 2009, 4:19 pm EDT
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Chrysler dealers nationwide were fearing the UPS guy on Thursday.
For 789 dealerships, the man in brown came carrying an overnight letter from Chrysler LLC indicating that they are being closed as part of the automaker’s bankruptcy. Some dealers received additional phone calls [...]

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A Primer on a Chrysler Bankruptcy
By MICHELINE MAYNARD
Published: April 30, 2009
Chrysler is the first major automaker to file for bankruptcy and attempt to reorganize since Studebaker in 1933. The process can be complicated. Here is a quick look at how it is likely to play out.
Q. Will Chrysler cease to operate?
A. No. Chrysler is reorganizing [...]

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After an initial trial run in December 2008 yielded a significant boost in lagging sales, Chrysler has announced they will be expanding their “Invest In America” loan partnership program to allow nationwide participation. Organized by the Lansing, MI-based Michigan Credit Union League (MCUL), “Invest In America” is an incentive program that provides either $500 or [...]

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The Treasury Department said Friday it’s prepared to act to avoid any possible collapse of nation’s three largest auto companies given that rescue efforts in Congress have failed.
“Because Congress failed to act, we will stand ready to prevent an imminent failure until Congress reconvenes and acts to address the long-term viability of the industry,” said [...]

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The White House and congressional Democrats on Tuesday night reached an agreement in principle on a $15 billion proposal for bailing out U.S. automakers and forcing them to restructure or fail, officials said.
A Bush administration official and a Democratic leadership aide said the outline covered key points but final issues needed to be resolved and [...]

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