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Chrysler LLC Bankruptcy
Chrysler Chapter 11 reorganization was the petition for bankruptcy on April 30, 2009 of Chrysler car company and 24 of its affiliated subsidiaries with the federal bankruptcy court in New York. The court filing occurred upon failure of the company to come to an agreement with its creditors for an outside-of-bankruptcy restructuring plan, by the April 30 deadline mandated by the federal government. Chrysler was impacted by the automotive industry crisis of 2008–2010 which had contributed the Chapter 11 reorganisation. At the time, Chrysler was controlled by the private investment company, Cerberus Capital Management, which, along with other investors, purchased a majority stake in 2007. Initial court proceedings On Sunday, May 31, 2009, bankruptcy judge Arthur J. Gonzalez approved a proposed government restructuring plan and sale of Chrysler's assets. The sale allows most of the assets of Chrysler to be purchased by a new entity in which Fiat would own 20%, and the autoworker ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chapter 11, Title 11, United States Code
Chapter 11 of the United States Bankruptcy Code ( Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whether organized as a corporation, partnership or sole proprietorship, and to individuals, although it is most prominently used by corporate entities. In contrast, Chapter 7 governs the process of a liquidation bankruptcy, though liquidation may also occur under Chapter 11; while Chapter 13 provides a reorganization process for the majority of private individuals. Chapter 11 overview When a business is unable to service its debt or pay its creditors, the business or its creditors can file with a federal bankruptcy court for protection under either Chapter 7 or Chapter 11. In Chapter 7, the business ceases operations, a trustee sells all of its assets, and then distributes the proceeds to its creditors. Any residual amount is returned ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Toronto
Toronto ( , locally pronounced or ) is the List of the largest municipalities in Canada by population, most populous city in Canada. It is the capital city of the Provinces and territories of Canada, Canadian province of Ontario. With a population of 2,794,356 in 2021, it is the List of North American cities by population, fourth-most populous city in North America. The city is the anchor of the Golden Horseshoe, an urban agglomeration of 9,765,188 people (as of 2021) surrounding the western end of Lake Ontario, while the Greater Toronto Area proper had a 2021 population of 6,712,341. As of 2024, the census metropolitan area had an estimated population of 7,106,379. Toronto is an international centre of business, finance, arts, sports, and culture, and is recognized as one of the most multiculturalism, multicultural and cosmopolitanism, cosmopolitan cities in the world. Indigenous peoples in Canada, Indigenous peoples have travelled through and inhabited the Toronto area, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Indiana State Police Pension Trust V
Indiana ( ) is a state in the Midwestern region of the United States. It borders Lake Michigan to the northwest, Michigan to the north and northeast, Ohio to the east, the Ohio River and Kentucky to the south and southeast, and the Wabash River and Illinois to the west. Nicknamed "the Hoosier State", Indiana is the 38th-largest by area and the 17th-most populous of the 50 states. Its capital and largest city is Indianapolis. Indiana was admitted to the Union as the 19th state on December 11, 1816. Indigenous resistance to American settlement was broken with defeat of the Tecumseh's confederacy in 1813. The new settlers were primarily Americans of British ancestry from the eastern seaboard and the Upland South, and Germans. After the Civil War, in which the state fought for the Union, natural gas attracted heavy industry and new European immigrants to its northern counties. In the first half of the 20th century, northern and central sections experienced a boom in good ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
General Motors
General Motors Company (GM) is an American Multinational corporation, multinational Automotive industry, automotive manufacturing company headquartered in Detroit, Michigan, United States. The company is most known for owning and manufacturing four automobile brands: Chevrolet, Buick, GMC (marque), GMC, and Cadillac, each a separate division of GM. By total sales, it has continuously been the largest automaker in the United States, and was the List of manufacturers by motor vehicle production, largest in the world for 77 years before losing the top spot to Toyota in 2008. General Motors operates manufacturing plants in eight countries. In addition to its four core brands, GM also holds interests in Chinese brands Baojun and SAIC-GM-Wuling, Wuling via SAIC-GM-Wuling, SAIC-GM-Wuling Automobile. GM further owns GM Defense, a namesake defense vehicles division which produces military vehicles for the United States government and military, the vehicle safety, security, and information ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Volkswagen
Volkswagen (VW; )English: , . is a German automotive industry, automobile manufacturer based in Wolfsburg, Lower Saxony, Germany. Established in 1937 by German Labour Front, The German Labour Front, it was revitalized into the global brand it is today after World War II by British Army officer Ivan Hirst. The company is well known for the Volkswagen Beetle, Beetle and serves as the flagship marque of the Volkswagen Group, which became the world's largest automotive manufacturer by global sales in 2016 and 2017. The group's largest market is automotive industry in China, China (including Hong Kong and Macau), which accounts for 40% of its sales and profits. The name derives from the German words and , meaning . History 1932–1944: People's Car project Volkswagen was established in 1937 by the German Labour Front () as part of the Strength Through Joy () program in Berlin. In the early 1930s, cars were a luxury—most Germans could afford nothing more elaborate than a mo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Honda
commonly known as just Honda, is a Japanese multinational corporation, multinational Conglomerate (company), conglomerate automotive manufacturer headquartered in Minato, Tokyo, Japan. Founded in October 1946 by Soichiro Honda, Honda has been the world's largest motorcycle manufacturer since 1959, reaching a production of 500 million . It is also the world's largest manufacturer of internal combustion engines measured by number of units, producing more than 14 million internal combustion engines each year. Honda became the second-largest Japanese automobile manufacturer in 2001. In 2015, Honda was the eighth largest automobile manufacturer in the world. The company has also built and sold the most produced motor vehicle in history, the Honda Super Cub. Honda was the first Japanese automobile manufacturer to release a dedicated luxury brand, Acura, on 27 March 1986. Aside from their core automobile and motorcycle businesses, Honda also manufactures garden equipment, marine eng ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Toyota
is a Japanese Multinational corporation, multinational Automotive industry, automotive manufacturer headquartered in Toyota City, Aichi, Japan. It was founded by Kiichiro Toyoda and incorporated on August 28, 1937. Toyota is the List of manufacturers by motor vehicle production, largest automobile manufacturer in the world, producing about 10 million vehicles per year. The company was founded as a spinoff of Toyota Industries, a machine maker started by Sakichi Toyoda, Kiichiro's father. Both companies are now part of the Toyota Group, one of the largest conglomerates in the world. While still a department of Toyota Industries, the company developed its first product, the Toyota Type A engine, Type A engine, in 1934 and its first passenger car in 1936, the Toyota AA. After World War II, Toyota benefited from Japan's alliance with the United States to learn from American automakers and other companies, which gave rise to The Toyota Way (a management philosophy) and the Toyota ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Arthur Gonzalez
Arthur J. Gonzalez is a senior fellow at New York University School of Law and member of the PROMESA oversight board in charge of resolving the Puerto Rican government-debt crisis. Before his retirement from the bench, he was chief judge of the United States Bankruptcy Court for the Southern District of New York. Gonzalez received his undergraduate degree from Fordham University in 1969. Following graduation, he worked as a New York City public school teacher until 1982, earning a master's degree from the Brooklyn College School of Education. After earning a law degree in the Evening Program at Fordham in 1982, Gonzalez became an attorney for the Manhattan District Counsel Office of the Internal Revenue Service (IRS). He left the IRS in 1988 and worked as a private lawyer for several firms. During this period, he earned a Master of Laws from New York University (NYU). In 1991, Gonzalez re-entered government to become an Assistant United States Trustee for the Southern District of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Port Huron, Michigan
Port Huron is a city in and seat of government of St. Clair County, Michigan, United States. The population was 28,983 at the 2020 census. The city is bordered on the west by Port Huron Township, but the two are administered autonomously. Port Huron is located along the source of the St. Clair River at the southern end of Lake Huron. The city is along the Canada–United States border and directly across the river from Sarnia, Ontario. The two cities are connected by the Blue Water Bridge at the eastern terminus of Interstate 69/ Interstate 94. Port Huron has the easternmost point of land in the state of Michigan and is also one of the northernmost areas included in the Detroit–Warren–Dearborn Metropolitan Statistical Area ( Metro Detroit). History This area was long occupied by the Ojibwa people. French colonists had a temporary trading post and fort at this site in the 17th century. In 1814, following the War of 1812, the United States established Fort Gratiot ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Newark, Delaware
Newark ( )Not as in Newark, New Jersey. is a city in New Castle County, Delaware, United States. It is located west-southwest of Wilmington. According to the 2010 census, the population of the city is 31,454. The University of Delaware is located here. The city constitutes part of the Delaware Valley, and the Philadelphia metropolitan area. History Newark was founded in 1694 by Scots-Irish and Welsh settlers. It was officially established in 1758 when it received a charter from George II of Great Britain. Schools have played a significant role in the history of Newark. A grammar school, founded by Francis Alison in 1743, moved from New London, Pennsylvania to Newark in 1765, becoming the Newark Academy. Among the first graduates of the school were three signers of the Declaration of Independence: George Read, Thomas McKean, and James Smith. Two of these, Read and McKean, went on to have schools named after them in the state of Delaware: George Read Middle School ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kenosha, Wisconsin
Kenosha () is a city in Kenosha County, Wisconsin, United States, and its county seat. It is the List of cities in Wisconsin, fourth-most populous city in Wisconsin, with a population of 99,986 at the 2020 United States census, 2020 census. Situated on the southwestern shore of Lake Michigan, Kenosha is a satellite city located roughly south of Milwaukee and north of Chicago via Interstate 94 in Wisconsin, Interstate 94 and has significant cultural and economic connections to both cities. It is the principal city of the Kenosha metropolitan statistical area (consisting only of Kenosha County) with roughly 169,000 residents. Kenosha was once a center of industrial activity; it was home to large automotive industry, automotive factories which fueled its economy during the 20th century. Like some other Rust Belt cities, Kenosha Deindustrialization, lost these factories in the 1980s, causing it to gradually transition into a services-based economy. In the 2010s, the city and sur ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
