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On Sunday, May 31, 2009, bankruptcy judge Arthur J. Gonzalez approved a proposed government restructuring plan and sale of Chrysler's assets. The sale allows most of the assets of Chrysler to be purchased by a new entity in which Fiat would own 20%, and the autoworker's union retirement health care trust (voluntary benefit association "VEBA") 55%, with the U.S. and Canadian government as ...
Financing a used car from a private seller involves securing a loan from a bank, credit union or online lender to purchase a vehicle directly from an individual rather than a dealership.
For buyers, the site offers listings of new and used vehicles for sale from dealers and private sellers. [ 3 ] [ 16 ] It can search for cars through categories: make and model, price range, style, drive type ( automatic or manual ), engine type, color (exterior and interior), mileage and number of doors.
The Chrysler Corporation Loan Guarantee Act of 1979 is a federal statute enacted to provide federal loan guarantees to the Chrysler Corporation in response to the company's financial crisis. Signed into law by President Jimmy Carter, the act authorized up to $1.5 billion in federal loan guarantees, enabling Chrysler to avoid bankruptcy. [1]
The U.S. Postal Service, which has lost more than $100 billion since 2007, reported a net loss of $9.5 billion for its fiscal year ending Sept. 30, $3 billion more than last year, largely due to a ...
The Chrysler company was founded by Walter Chrysler on June 6, 1925, [12] [13] when the Maxwell Motor Company (est. 1904) was re-organized into the Chrysler Corporation. [14] [15] The company was headquartered in the Detroit enclave of Highland Park, [16] [17] [18] where it remained until completing the move to its present Auburn Hills location in 1996.
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