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News Breaks
19:24 EDTFIATY
theflyonthewall.com: McCain says Chrysler unlikely to survive, the Detroit News says
According to the Detroit News, Arizona Sen. John McCain said that Chrysler (FIATY) is unlikely to survive even after receiving $15B in government loans. The Senator was against the auto bailouts and believes the government should have let the failing companies go bankrupt and emerge stronger."No, I don't think we ever should have bailed out Chrysler and General Motors,...We should have let them go into bankruptcy, emerge and become viable corporations again." Reference Link :theflyonthewall.com



News For FIATY From The Last 14 Days
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February 4, 2010
05:50 EDTFIATY
theflyonthewall.com: Chrysler optimistic of deal needed for plant tax breaks, Detroit News reports

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February 3, 2010
10:01 EDTFIATY
theflyonthewall.com: Cummins announces multiyear agreement with Chrysler

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January 29, 2010
05:51 EDTFIATY
theflyonthewall.com: Chrysler won't try to stop dealer arbitration, AP reports

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January 26, 2010
05:50 EDTFIATY
theflyonthewall.com: 1,300 GM and Chrysler dealers challenge loss of dealerships, Detroit News says

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05:47 EDTFIATY
theflyonthewall.com: Fiat predicts profitable 2010, Detroit News reports
Fiat (FIATY) believes 2010 will be a profitable year, after losing $1.2B in 2009. The company said Chrysler's cash position since November 4 has improved, but is still below $6B, and noted that the integration of the companies is "coming along well." Reference Link :theflyonthewall.com
05:32 EDTFIATY
theflyonthewall.com: Fiat upgraded to Buy from Hold at Societe Generale
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