Word: chrysler
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...starting. The default rate for the past 12 months is roughly 12% - that's very high. Half of those companies that have defaulted, according to Standard & Poor's, had some type of private-equity involvement in their corporate life. A lot of those are PE-owned companies, ranging from Chrysler to the Tribune Company to Simmons Bedding. We've already seen the tip of the iceberg...
...national psyche has been damaged as much as our national economy by the record number of corporate bankruptcies, many of them household names: Kmart, United Airlines, Circuit City, Lehman Brothers, GM and Chrysler. The price of oil more than tripled this decade, settling at more than $70 a barrel, straining our economy...
...While the trend is encouraging, automakers aren't counting on it. Chrysler CEO Sergio Marchionne has noted that the demand for electric-powered commercial vehicles could develop faster than a commuter demand because commercial vehicles can be collected at the end of the day and recharged at a central point...
...year, despite a sharp slump following the end of the Obama Administration's Cash for Clunkers incentive program in August. Ford--the only Detroit automaker to avoid bankruptcy and federal bailouts--reported $1 billion in third-quarter profits, helped in large part by an increase in market share as Chrysler's sales continued to lag. GM, the nation's largest car manufacturer, posted its first year-over-year monthly sales gain in 21 months, selling 177,603 vehicles last month, up 5.3% from October...
...Chrysler...