rescue

Analysis in BankingInsuranceSecurities.Com shows that banks, finance companies, leasing companies and insurance companies are all exposed to unexpected risk as a result of the deal to save Chrysler.

A US insolvency judge has approved Chrysler signing the death warrant of 789 dealerships in the effort to save the company, or at least part of it. And another court approves the disposal of of some of it to Fiat.

Ah, LDV. Time was when Leyland Bus and Truck was the global leader in - well, buses and trucks. The Leyland Atlantean and its close sibling the Daimer Fleetline are still the iconic vehicles that underpin (in spirit, at least) the world's public bus transport system even today. Now a mere shadow of its former glory, LDV makes light vans - and does it very well. But it's a highly competitive market.

It might sound ridiculous but when Ford announced today that it had lost "only" USD 1,400 million people were happy. For they had expected it to lose more.

It is difficult to understand the failure of Ssangyong. They make great cars, build them well and sell them at keen prices. Yet for the third time in just over a decade, it stands on the brink of disappearing.

It's widely being touted as a done-deal. But there is a small phrase in Chrysler's statement about links with Fiat that show that the deal is far from complete.

Chrysler Corporation says that it will suspend all US production for one month in the hope of shifting the metal sitting in showrooms and fields.

The announcement that General Motors wanted to buy Chrysler raised a few eyebrows. First, why would the venture capital company that only recently bought it from Daimler-Benz want out so soon; would competition authorities agree; but most of all, where would the money come from?