THE REAL ECONOMIST: GM READIES FOR BANKRUPTCY CHAPTER 11, FIAT AWAITS JUDGE ON CHRYSLER

Sunday, May 31, 2009

GM READIES FOR BANKRUPTCY CHAPTER 11, FIAT AWAITS JUDGE ON CHRYSLER

*GM BANKRUPTCY SIGNALS THE END OF AN ERA
*FIAT, UNIONS, US AND AMERICAN GOVERNMENT WILL BE INVOLVED ON THE NEW CHRYSLER
*DOW JONES CAMPS IN THE 8000 RANGE
Astoria, New York
Two US car giants will make news on Monday June 1st. GM is expected to file for Chapter 11 and most likely all existing shareholders will be wiped out, while Chrysler will know what the judge will say about the new company which will be controlled by an italian automaker FIAT.
GM, Chrysler and Ford, the US big 3 aren't as powerful as they were in the last millenium. Ford is the only one that was strong enough to avoid bankruptcy while Chrysler was the only company not publicly traded. Out of this big mess, emerges Italy's ex Agnelli family jewel FIAT.
FIAT has really not been involved in US market for a few decades, but now it has the chance of returning with a new beat by controlling Chrysler. In the meantime, the DOW has been trading in a narrow range in the low to mid 8000 level, with support at about 8000. With economic news
showing some signs of recovery and some continued negativity, the Dow's recent spring rally has come to a halt. The Dow is expected to trade in the 8000 range for June.

No comments:

Post a Comment

PRIVACY RULES DISCLOSURE

Google offers a range of advertising services through our AdWords and AdSense programs to show you the most useful and relevant ads online. These ads appear on Google’s sites and services, and on partner websites in the Google content network. Some ads are based primarily on your search queries or on the content of the page you’re viewing. When providing ads tailored to your interests, we offer useful tools for you to view and manage the information that is being collected and used to serve ads. To protect your privacy, we follow three principles when we serve ads:
Transparency – We provide detailed information about our advertising policies and practices.
Choice – We offer innovative ways to view, manage and opt out of advertising cookies.
No personally identifying information – We don’t collect or serve ads based on personally identifying information without your permission.
The Google Privacy Policy describes how we treat personal information in Google’s products and services, including information provided when using or interacting with our advertising services. In addition, the Privacy Policy for Google ads and the Google content network and the specific privacy notices for Google services describe our privacy practices relating to our advertising services. Google also offers display advertising services through DoubleClick. For more information, see our privacy practices related to DoubleClick advertising products. And to learn more about YouTube’s approach to advertising, see YouTube Advertising and You.
Advertising Cookie Opt-out
Google uses cookies to improve your online experience, including the display of more relevant ads. Learn more about how Google uses advertising cookies.
Anyone may opt out of the DoubleClick cookie (for AdSense partner sites, DoubleClick ad serving, and certain Google services using the DoubleClick cookie) at any time by clicking the button above. Google also offers a number of options to permanently save your opt-out settings in your browser. In addition, Google allows third party advertisers to serve ads on the Google content network. Using a tool created by the Network Advertising Initiative, you can opt out of several third party ad servers’ and networks’ cookies simultaneously. (Google also uses cookies for Google Analytics and conversion tracking.)

THANKS FOR VISITING US.

Release of Liability: Through use of this website viewing or using you agree to hold THEREALECONOMIST.BLOGSPOT.com, its operators owners and employees harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damage (monetary or otherwise), or injury (monetary or otherwise) that you may incur. Neither the information presented nor any statement or expression of opinion, or any other matter herein, directly or indirectly constitutes a representation by the publisher nor a solicitation of the purchase or sale of any securities. The information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data. The owner, publisher, editor and their associates are not responsible for errors and omissions. They may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. Any opinions expressed are subject to change without notice. THEREALECONOMIST.BLOGSPOT.com encourages readers and investors to supplement the information in these reports with independent research and other professional advice. All information on featured companies is provided by the companies profiled, or is available from public sources and THEREALECONOMIST.BLOGSPOT.com makes no representations, warranties or guarantees as to the accuracy or completeness of the disclosure by the profiled companies or the information contained herein. THEREALECONOMIST.BLOGSPOT.com and its affiliates are not registered investment advisors or a broker dealers. THEREALECONOMIST.BLOGSPOT.com has been advised that the investments in companies profiled are considered to be high risk and use of the information provided is at the investor's sole risk. THEREALECONOMIST.BLOGSPOT.com also advises that the purchase of such high risk securities may result in the loss of some or all of the investment. Investors should not rely solely on the information presented. Rather, investors should use the information provided by the profiled companies as a starting point for doing additional independent research on the profiled companies in order to allow the investor to form his or her own opinion regarding investing in the profiled companies. Factual statements made by the profiled companies are made as of the date stated and are subject to change without notice. Investing in micro-cap securities is highly speculative and carries an extremely high degree of risk. It is possible that an investor's entire investment may be lost or impaired due to the speculative nature of the companies profiled. THEREALECONOMIST.BLOGSPOT.com makes no recommendation that the securities of the companies profiled should be purchased, sold or held by individuals or entities that learn of the profiled companies through THEREALECONOMIST.BLOGSPOT.com. THEREALECONOMIST.BLOGSPOT.com owners may or may not hold positions in the companies that are profiled.The information contained herein contains forward-looking information within the meaning of Section 27A of the Securities Act of 1993 and Section 21E of the Securities Exchange Act of 1934 including statements regarding expected continual growth of the company and the value of its securities. In accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 it is hereby noted that statements contained herein that look forward in time which include everything other than historical information, involve risk and uncertainties that may affect the company's actual results of operation. Factors that could cause actual results to differ include the size and growth of the market for the company's products, the company's ability to fund its capital requirements in the near term and in the long term, pricing pressures, unforeseen and/or unexpected circumstances in happenings, pricing pressures, etc. Investing in securities is speculative and carries risk. Past performance does not guarantee future results.Third Party Web Sites and Information:THEREALECONOMIST.BLOGSPOT.com and newsletter may provide hyperlinks to third party websites or access to third party content. THEREALECONOMIST.BLOGSPOT.com does not control, endorse, or guarantee content found in such sites. You agree that THEREALECONOMIST.BLOGSPOT.com and affiliates is not responsible for any content, associated links, resources, or services associated with a third party site. You further agree that THEREALECONOMIST.BLOGSPOT.com and affiliates shall not be liable for any loss or damage of any sort associated with your use of third party content. Links and access to these sites are provided for your convenience only.

THE REAL ECONOMIST

Sunday, May 31, 2009

GM READIES FOR BANKRUPTCY CHAPTER 11, FIAT AWAITS JUDGE ON CHRYSLER

No comments:

PLEASE VISIT OTHER BLOGSPOTS

PRIVACY RULES DISCLOSURE

SEARCH GOOGLE

BLOG ARCHIVE

BLOG LABELS

JOIN US AT THE REAL ECONOMIST FOR DISCUSSIONS ON THE ECONOMY

THANKS FOR VISITING US.