Chrysler Bankruptcy Chapter 11 April 2009

Chrysler will file for Chapter 11 bankruptcy today, April 30, 2009.

Discuss Stocks - http://stockstobuy.org

Bankruptcy Details:

Chrysler & Fiat have formed a partnership that will save 30,000 jobs in the U.S

Chrysler is expected to emerge from Bankruptcy within 30-60 days

GMAC will take over financing for Chrysler

Obama's team will continue working with General Motors ( GM ) team

Steps have been taken to give Chrysler a new lease on life

Your warranties are still safe because they are backed by the U.S Government

CEO Robert Nardelli to leave company after filing

The stock market was up 109, now only 75, but holding in there!

For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free

General Motors GM Chrysler 2/18/09 - February 18, 2009

General Motors ( GM ) and Chrysler are back asking for more Government assistance tonight. This comes as no surprise, but both companies need more money to survive the current economic crisis.

General Motors ( GM ) News Highlights - 2/18/09

- GM seeks up to 16.6 billion in additional aid
- General Motors may cut around 47,000 jobs in 2009
- Will report back in March 31st, 2009 and show how they will become profitable
- Will close 5 plants by 2012
- Selling ( or shutting down ) the Hummer Unit by March 31, 2009
- GM received 13.6 billion since December and they will need at least 9.9 more ( up to 16.6 ) Yikes!!

Chrysler News Highlights - 2/18/09

- Chrysler needs an additional 5 billion after already receiving 4 billion since December
- Auto Sales continue to decline

Each company has come up with several bankruptcy scenarios but would like to avoid them at all costs. Can we afford to let them go Bk? The unemployment rate could spike up to 13% or higher.

For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free

General Motors GM Ford F Bailout 12/19/08

General Motors ( GM ) and Ford ( F ) and Chrysler LLC have been bailed out today, 12/19/08, and both stocks are higher on the trading session. Below are some of the details of the auto bailout. Ford does not need the cash but they are still a huge part of this bail out program.

• 13.4 Billion Dollar Short Term Financing from TARP
• Must Reverse Debt by 2/3 through Debt to Equity Swap
• No Car Czar
• No New Dividends while Owing Government
• Government will be able to Block Large Transactions
• 4 Billion will come in Feb.
• New Presidential Administration can change Terms of the Deal

For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free

General Motors GM - Ford F - 12/12/08 - Stock Report

Today, December 12, 2008, General Motors ( GM ) and Ford ( F ) stocks are hurting as the auto bailout failed in the Senate last night. As you can see below, both stocks are under extreme pressure as well as the Stock Market Futures. We should hear soon from the White House whether or not they will use TARP money to hold these companies ( along with Chrysler ) over for the next few months or face bankruptcy. Bankruptcy would cause over 2 million people to lose their jobs adding pressure to the unemployment in America. Most think President Bush will not let this happen. Stay Tuned......

Stock Quotes 12/12/08

Ford ( F ) Pre Market - $2.53
General Motors ( GM ) Pre Market - $3.18
Ford ( F ) Open - $2.73
General Motors ( GM ) Open - $3.45
Ford ( F ) Close - $3.03
General Motors ( GM ) Close - $3.91

For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free

General Motors GM - Ford F - 12/11/08 - Stock Report

Today, 12/11/08, General Motors ( GM ) and Ford ( F ) stocks are up in pre market trading after the House passed the auto bailout bill by 19 votes. After, closing at $4.60 on Wednesday, GM stock is set to open higher at $4.75 per share. Ford ( F ) will also be opening lower around $3.20 after closing at $3.25 on Monday.

Last night, 12/10/08, The House of Representatives passed the auto bailout bill 237 -170. The bill needed just 218 votes to pass. The 14 billion bridge loan bill now stumbles into the Senate as early as tomorrow. The real problems are in the Senate as there are many voters opposed to this bailout bill. If Ford, General Motors, and Chrysler get this bridge loan, they will be back in a few months for more money. Conditions aren't likely to get better. Some say by the time this is all said and done, they will need 100 billion combined. However, this would save over 2 million jobs. This is a touchy subject and I could argue either side. Bankruptcy would kill our already horrible economy but it might eventually bring more jobs if we can get this problem fixed in bankruptcy. These car companies need to make better cars not to mention cars people want to drive. We will have an update when more news comes.

For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free

General Motors GM - Ford F - 12/09/08 - Stock Report

Today, 12/09/08, General Motors ( GM ) and Ford ( F ) stocks are down in pre market trading. After, closing at $4.93 on Friday, GM stock is set to open lower at $4.75 per share. Ford ( F ) will also be opening lower around $3.32 after closing at $3.38 on Monday.

The big three automakers, General Motors, Ford, and Chrysler are getting closer to receiving bailout money but it still isn't a done deal. Democrats sent a proposal to the White House last night but Republicans are seeing fault in deal. Democrats are expected to vote in a special session this week in regards to giving the big three auto markers some sort of bailout.

The terms of the loan have 15 billion being handed out and the Government potentially taking stakes in the companies. These auto makers will most likely need more capital in a few months.

For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free

General Motors GM - Ford F - 12/08/08 - Stock Report

Today, 12/08/08, General Motors ( GM ) and Ford ( F ) stocks are up significantly in pre market trading. After, closing at $4.08 on Friday, GM stock is set to open higher at $4.80 per share. Ford ( F ) will also be opening higher around $3.17 after closing at $2.72 on Friday. The big three automakers, General Motors, Ford, and Chrysler are getting close to receiving bailout money and these stocks are soaring December 8th, 2008.

Democrats are expected to vote in a special session this week in regards to giving the big three auto markers some sort of bailout. It is not clear how much of it will be given however. This is sending stock market futures higher in addition to the potential stimulus that is coming when Barack Obama becomes President.

For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free

General Motors GM - Ford F - 12/03/08 - Stock Report

Today, 12/03/08, General Motors ( GM ) and Ford ( F ) stocks are mixed in pre market trading. After, closing at $4.85 yesterday, GM stock is set to open lower at $4.63 per share. Ford ( F ) also looks to be opening higher around $2.77 after hitting $2.60 yesterday at one point. Thursday and Friday, the CEO's of the big three automakers will be speaking to congress.


After reporting sales down 31% yesterday, Ford ( F ) said it wants a temporary $9 billion bridge loan from the federal government only if the economic crisis worsens or if a major competitor declares bankruptcy. In that event, Mullaly's salary would fall to $1, down from $21.7 million in 2007.

Chrysler LLC's plan for a government rescue includes a proposal that the auto makers and federal government establish "an independent joint venture" to develop improved energy technology, such as batteries for electric and hybrid vehicles. At the same time, Cerberus, its private-equity owner, is offering concessions to secure a $7 billion bridge loan.

Finally, after reporting sales down 41% for November, General Motors ( GM ) says it needs 4 Billion now to avoid Bankruptcy by the end of December. General Motors has asked lawmakers for up to $18 billion to avoid collapse, promising in return to slash executive pay sell poorly performing brands.

Together, the Big Three U.S. automakers are asking Congress for $34 billion in low-cost government loans -- $9 billion more than the roughly $25 billion the automakers had sought just last month.

YIKES! What do you think? Comment Below!

For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free

General Motors GM - Ford F - 12/02/08 - Stock Report

Today, 12/02/08, General Motors ( GM ) and Ford ( F ) stocks are indicated higher pre market. After, closing at $4.59 yesterday, GM stock is set to open higher in pre market trading at $5.10 per share. Ford ( F ) also looks to be opening higher around $2.70 after hitting $2.09 yesterday at one point.

Why are these stocks so volatile? Investors and traders are positioning their portfolios for what may happen in the coming days and weeks!

Today, December 2, Auto Sales and Truck Sales will be released at noon. These figures are expected to be horrible. The big three automakers are getting ready to submit their separate plans today to congress. All three companies are filing separate plans. Congressional hearings are planned for Thursday and Friday as these three companies are seeking as much as 25 billion in a bailout plan that would help them avoid bankruptcy. General Motors Corp., Ford Motor Co., and Chrysler LLC would refinance their companies' debt, cut executive pay, seek concessions from workers and find other ways of reviving their staggering companies.

Besides driving to Washington by Car versus a private jet, Ford Motor (F) Chief Executive Alan Mulally plans to tell Congress he is accelerating his company's development of hybrid and electric vehicles and is willing to cut his salary to $1 a year if Ford uses any federal funds. It is unclear how the CEO's of General Motors ( GM ) and Chrysler are travelling to Washington.

Expect more volatility in both GM and F stock as we get some clarity on the above.

For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free

General Motors GM - Ford F - 12/01/08 - Bailout Talks Resume

Focus shifts back to the big three automakers this week as General Motors ( GM ), Ford ( F ), and Chrysler LLC are preparing to report back to Congress for the second time in a month.

Due Tuesday 12/02/08, the big three automakers will present a plan to the Democrats in their last attempt to get a bailout before seriously looking at Chapter 11. On Wednesday, 12/03/08, these three companies will be grilled by the Senate during a hearing followed by a hearing with the House of Representatives on Friday, 12/05/08. If everything goes well we could be looking at a bailout during the following week. GM, F stock could be very volatile during this period as well as the overall stock markets.

"We cannot afford to see these companies fail," said Ron Gettelfinger, the UAW chief, calling on Congress to approve the aid during a special session the week of Dec. 8, 2008.

The board of General Motors was last night understood to be locked in discussions to save the US car leader from filing for bankruptcy.

This whole situation could effect the markets this week so make sure you stay tuned!

For More Stock Market Updates, visit , http://daytradingstockblog.blogspot.com/ or Subscribe for FREE and get my posts right on your homepage or emailed to you.