Chrysler LLC filed for bankruptcy on Thursday and announced an industry-changing deal with Fiat, after being pummeled by sliding auto sales and unable to reach agreement on restructuring its debt. Despite weeks of intense negotiations, Chrysler failed to gain full support from its lenders to avoid the first-ever bankruptcy filing by a major US automaker. The move was hailed by President Barack Obama as a critical step in saving 30,000 jobs at Chrysler, majority-owned by Cerberus Capital Group, and hundreds of thousands more jobs at affiliated suppliers and dealers.
RBI steps in to help growth too, slashes CRR rate.
http://www.ibnlive.com/news/second-stimulus-package-to-help-exporters-banks/81822-7.html
The small car Maruti-800 will be cheaper by Rs 6,500 at Rs 193,561.
http://www.ibnlive.com/news/stimulus-effect-car-companies-cut-prices-across-models/80122-7.html
Company forms plan to cover every car segment in the world.
http://www.ibnlive.com/news/nissan-revs-up-to-launch-60-models-by-2012/65277-25.html
All those students preparing to zoom their way into the future with those big pay packets might want to take a look at this.
http://www.ibnlive.com/news/car-makers-doling-out-discounts/35890-7.html
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