Chrysler will announce Thursday its refinancing its debts and paying back the U.S. and Canadian government $6.6 billion in "shyster" loans, during a ceremony with U.S. Treasury Secretary Timothy "Timmeh" Geithner. It's the Cobb short-throw shifter of corporate finance.
Sergio Marchionne, chief executive of Chrysler and Fiat, said today that the rescue of Chrysler by the U.S. government included "shyster" loans with tough interest rates. Do you really want to go there, Sergio? UPDATED
Rahm Emanuel, former Democratic congressman and President Obama's chief of staff, gave the UAW the Gettelfinger during the GM and Chrysler rescue debate, according to former auto czar Steve Rattner's new book. This could get messy. Especially because there's more.
One Jeep Wrangler enthusiast's battle with Chrysler over whether his extensive modifications violated his warranty opened up a Rubicon of debate. The secret for keeping your lifted Wrangler under warranty? Make your dealer happy.