You probably saw in my links that Fiat had bowed out because of German government demands. The Magna story also comes via the BBC:
Canadian car parts maker Magna International is the preferred bidder for GM Europe, owner of Opel and Vauxhall, Lord Mandelson has said.
The UK business secretary said a deal between Magna and GM [...]

GM Bondholders are not happy about the GM deal because the government seems to be running the same scheme where senior bondholders get a serious haircut while other constituents like the union and the federal government get more.  Chrysler set a precedent, so bondholders are likely to hold out, GM will go bankrupt and then [...]

I just finished watching this show called Celebrity Apprentice hosed by Donald Trump.  Why I did is a question for a psychologist. You may be familiar with the show.  It pits two teams of individuals against one another in random tasks, ending in the dismissal of one of the contestants from the losing team.  The [...]

This is a video “discussing whether the Obama administration has intervened too much in business affairs, with Thomas Lauria, White & Case attorney and CNBC’s Michelle Caruso-Cabrera.”  As GM has similar circumstances, the case is still very relevant.
Note: I think Lauria forgets that the U.S. government had poured billions into the carmakers and that his [...]

Reuters is reporting that the dissident Chrysler lender group has disbanded. Apparently, the lenders have finally figured out that they have zero chance of getting what they want as I have been saying all along (see posts here and here).  Let’s see what is in store at General Motors now.
A group of Chrysler LLC’s dissident [...]

Volkswagen and Porsche have finally hammered out a merger plan after some bitter infighting. My understanding is that the new company will carry the Porsche name and trade under its ticker symbol. In addition, the company plans to raise more capital to pay off debt before the merger goes through. Why Porsche took on so [...]

As developments in the global auto industry continue apace, it is becoming increasingly evident that Fiat has fashioned itself as a change agent in an industry rife with overcapacity. While eyes in the U.S. are fixed on a Fiat-Chrysler link-up, eyes in Europe are also fixed on Fiat in a Fiat-GM Europe merger.  But, these [...]

This comes via the Washington Post:
The New York Times Co. said last night that it is notifying federal authorities of its plans to shut down the Boston Globe, raising the possibility that New England’s most storied newspaper could cease to exist within weeks.
After down-to-the-wire negotiations did not produce millions of dollars in union concessions, [...]

Yesterday, I posted a video in which two auto experts argued that the dissident creditors were getting a raw deal (See “A discussion about Chrysler’s bankruptcy plan on Charlie Rose“). The crux of the problem is their belief that they were being railroaded into a deal in which they, as secured creditors, would receive [...]

A discussion about Chrysler’s bankruptcy plan with author Paul Ingrassia, Micheline Maynard, Senior business correspondent for the “New York Times” and John Stoll of “The Wall Street Journal”

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