Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 11 - 20 of 21 results for "Chrysler"

China could own America

BENJAMIN ONG  |  TUESDAY, 24 FEB 2009
... Wow! How good is that? Mr. And Mrs. Jones owning two of the biggest global banks and they can choose the latest model Chrysler, GM or Ford. The US government has already injected a huge amount of taxpayers' money into Citigroup and Bank of America by ...

Market Wrap - Morning

AAP  |  WEDNESDAY, 18 FEB 2009
... average sank near the multi-year lows it reached last November. A big worry on Wall Street is that General Motors Corp and Chrysler LLC might not be able to prove by Tuesday's deadline that they can repay billions of dollars in loans and return to profitability. ...

Market Wrap - Morning

AAP  |  TUESDAY, 9 DEC 2008
... automakers within a week. Congress is expected to pass a $15 billion bailout for Ford Motor Co, General Motors Corp, and Chrysler as soon as Tuesday. Major US stock indexes fell last week after a number of negative reports seemed to indicate the recession ...

Three rich beggars

BENJAMIN ONG  |  FRIDAY, 21 NOV 2008
... US$25 billion of taxpayers' money to get them through 2009. The pie would be divided with US$7 billion each allocated to Chrysler and Ford and the remainder to General Motors. GM said that it has only weeks left before it runs out of cash to meet its ...

Market Wrap - Morning

AAP  |  THURSDAY, 20 NOV 2008
... the automakers pleaded for relief during a second day of hearings in Washington. The heads of General Motors Ford and Chrysler are asking for a massive infusion of cash to prevent millions of layoffs and stave off bankruptcy. Investors were discouraged ...

Main Street is burning

BENJAMIN ONG  |  TUESDAY, 18 NOV 2008
... fourth largest bank in the US. Others are also affected. The big three carmakers - General Motors, Ford Motor Co and Chrysler LLC - are kneeling before the Government, cup in hand. Target Corp reported a 24 per cent drop in profits. Macy's Inc., Starbucks ...

Market Wrap - Morning

AAP  |  MONDAY, 23 JUN 2008
... fears of worse to come. Adding to the pessimism, S&P said it may cut its ratings on Ford Motor Co, General Motors and Chrysler LLC, citing financial damage from high gasoline prices. GM shares fell 6.8 per cent and Ford tumbled 8.1 per cent. Oil prices ...

Sub-prime's house of cards

SUZY MAC  |  FRIDAY, 9 NOV 2007
... have fallen from Cisco's top 25 clients, including eight financial services companies and its two big auto producers Chrysler and General Motors, both of which have financial services operations. Cisco's corporate customers are expected to further slash ...

From rooster to feather duster

SUZY MAC  |  MONDAY, 30 JUL 2007
... investment bank's bonds and loans to finance buy-outs. The postponement of the $12 billion debt offering related to the Chrysler sale was just one casualty. Private equity group Kolberg Kravis and Roberts is rumoured to be postponing its IPO plans and ...

Market wrap - morning

AAP  |  TUESDAY, 15 MAY 2007
... points to a record 6,346.7 points. NEW YORK - US stocks rose on Monday on takeover news, including the sale of most of Chrysler by its German parent, DaimlerChrysler, which boosted US auto shares. But renewed concerns about the economy pushed down the ...