Daily Auto News Obama Expected to Announce Chrysler Bankruptcy at Noon

Daily Auto News

Auto bailout Daily Auto News Obama Expected to Announce Chrysler Bankruptcy at Noon

According to reports from multiple media sources, President Barack Obama will personally announce that Chrysler has filed for Chapter 11 bankruptcy protection at noon Eastern time today. The move does not mean Chrysler will cease operations or be liquidated. Instead, it protects Chrysler from creditors while the automaker takes steps to reorganize and negotiate a partnership agreement with Italian automaker Fiat.

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Daily Auto News Ford Donates $20 Per Test Drive to Breast Cancer Fight

Daily Auto News

ford mustang warriors in pink Daily Auto News Ford Donates $20 Per Test Drive to Breast Cancer Fight

Ford Motor Company has announced a unique approach to luring potential car buyers into the showroom: an appeal to your charitable side.

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Daily Auto News Death of Saturn Means More GM Hybrids Coming

Daily Auto News

2009 Saturn Aura medium Daily Auto News Death of Saturn Means More GM Hybrids Coming

About one quarter of the hybrid vehicles General Motors has sold have been Saturns. Saturn, GM has announced, will be terminated by the end of 2009.

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