chrysler corporate

Nascar, which relies on corporate sponsorships more than other sports, is particularly vulnerable in an economic crisis. Chevrolet has said it is cutting back on advertising and sponsorship deals with 12 tracks. Ford is trimming Nascar spending by 20 percent, and Chrysler by 30 percent.

On the verge of bankruptcy, General Motors, along with the other two heads of the three-headed monster Ford and Chrysler, has thrown itself on the congressional floors, begging for mercy, forgiveness and a multi-billion dollar bailout --- or corporate subsidy?

House of Representatives approved a $14 billion bailout for the Big 3 auto makers. Even large corporations have a way to get payday loans, even if it is from the government. The Big 3 American auto makers, Chrysler, General Motors, and Ford have been begging Congress for financial help. The House cast its vote tonight in favor of the bailout.

Chrysler is the smallest of the Big Three automakers, but it stands apart from its peers in another crucial respect. While GM and the Ford Motor Company are public corporations, Chrysler is controlled by Cerberus, one of the world’s richest and most secretive private investment companies. Why is Cerberus begging for a bailout? Because they can.

The recent financial turmoil has led to a nasty breakdown of the corporate machinery in the US. The three auto makers - GM, Ford and Chrysler seeking a $34 bn bailout and Citi receiving a $20 bn government bailout as well. There has been a lot of focus on "bad management" within these firms and at...

chrysler corporate