June 22, 2009
Some in the president’s party are reportedly questioning whether there are enough votes to pass his comprehensive health plan.
Wired PR News – Some are questioning whether President Barack Obama’s plan for health care has enough votes to pass in the House and Senate. As reported by the Associated Press (AP), in an attempt to reach […]
June 9, 2009
The Supreme Court makes decision to put Chrysler’s sale to Fiat on hold.
Wired PR News – The Supreme Court blocked the sale of Chrysler’s assets to Italian automaker Fiat on Monday. As reported by the Associated Press (AP), Justice Ruth Bader Ginsberg issued an order blocking the sale pending further review.
As noted by the AP, […]
June 4, 2009
Millions Stretched Themselves Financially, Face Painful Adjustment, Default, Foreclosure - as Payments on Adjustable Rate Mortgages Reset.
Newport Beach, Calif. (WiredPRNews.com) — Adjustable rate mortgages (Pay Option ARM’s) were widely used in the hot housing market of recent years. Many households that took advantage of “Option Pay” loans or “teaser rate” loans – types of adjustable […]
June 2, 2009
Yale graduate Brian Deese has been put in role to help fix General Motors.
Wired PR News – President Barack Obama has put a 31 year-old recent graduate of Yale Law School in a significant auto industry restructuring role. As reported by The New York Times, Brian Deese has been chosen to head the dismantling of […]
May 27, 2009
The automaker is seeking permission to sell assets despite objections.
Wired PR News – Financially struggling Chrysler will appear in bankruptcy court Wednesday. As reported by the Associated Press (AP), the automaker will request permission to sell many of its assets to a Fiat headed group to prevent having to resort to liquidation. The move has […]
May 13, 2009
Chrysler will reportedly fire 800 dealers on Thursday.
Wired PR News – Chrysler is reportedly set to cut hundreds of dealers Thursday. As reported by the Associated Press (AP), the company will fire a projected 800 dealers in accordance with their restructuring plans.
Kathy Graham, a spokesperson for the company, is quoted by the AP as stating, […]
May 4, 2009
The Italian automaker confirmed talks to purchase GM’s European operations.
Wired PR News – Fiat Group SpA may emerge as one of the world’s largest automakers if the company reaches an agreement with General Motors Corp. for the purchase of their European operations. As reported by the Associated Press (AP), the Italian automaker confirmed talks on […]
May 1, 2009
The automaker filed for bankruptcy protection on Thursday.
Wired PR News – The third largest automaker in the United States has filed for Chapter 11 bankruptcy protection. As reported by the Associated Press (AP), Chrysler resorted to filing on Thursday as part of an effort to restructure and become a more self-sufficient company. A bankruptcy court […]
April 23, 2009
The automaker will reportedly close most of its plants in the United States for several weeks.
Wired PR News – General Motors is reportedly planning to temporarily close most of its plants in the US during the summer. As reported by the Associated Press (AP), the automaker giant will close the plants for up to nine […]
April 2, 2009
Evergreen, CO (WiredPRNews.Com) — Rodolfo Biasca brings a broad background in international and Latin America business, through senior executive leadership roles, international consulting and university teaching positions. He has extensive work experience in the areas of strategic planning, business optimization, marketing strategies, valuations, and mergers and acquisitions (M&A) for numerous companies in various industries […]
