Return to Website

SWEPTLINE CD's $20 Check or Money order to:James Megee1483 Perkins LaneEdgewater Park NJ 08010 or Paypal to: jmegee57@hotmail.comSee the CD page at http://www.olddodges.com/sweptlinecd.htm

61-71 Glove boxes, Core Support/Radiator seals, 69-71 Tool Stowage Decals, 69-71 Firewall Insluation Pads, and A100 glove boxes.Contact Gary Offill for pricing and info at gwo1988@yahoo.com
  
The '61-'71 Dodge Sweptline Truck Forum #23

The Official Forum of the DTA. Here's your place to talk about Dodge trucks made from 1961-1971. The Truck of The Week belongs to Ed in Illinois. To view the DTA Photo Albums, click on the "Return to Website" link below. To view DodgeSweptline.Org, click on "DTA HOME"  Best viewed in 1024x768

      


Return to Website

  Reply
  Home

Subject:   Re: Re: OH NO!
Name:   MoparNorm
Date Posted:   Nov 20, 07 - 9:32 AM
IP Address:   71.119.187.197
Email:   moparnorm@hotmail.com
Message:   From the Wall Street Journal:

November 19, 2007, 5:32 pm
Breaking News: Chrysler Loan Sale Likely Postponed
Posted by Dana Cimilluca
The most recent bout of credit-market turmoil will likely claim another victim.

The $4 billion sale of loans connected to Cerberus Capital’s August purchase of Chrysler that was to take place this week will likely be postponed, a person briefed on the matter tells Deal Journal. Orders for the paper were due today, and so far, demand has been sluggish. (The underwriters are J.P. Morgan Chase, Citigroup, Goldman Sachs Group, Morgan Stanley and Bear Stearns.)

This person cautions that a final decision won’t be made until Tuesday morning and that a small portion of the loan sale is a possibility this week. Still, even that is looking increasingly unlikely as the Thanksgiving holiday approaches.

How times have changed. The successful sale of $6 billion of loans tied to Chrysler’s finance arm in late July signaled that the high-yield market was on the mend after investor demand plummeted starting in June. Now the credit market has gone into reverse and the auto industry isn’t faring much better. Chrysler, for example, is grappling with tepid U.S. sales as the housing market sinks and fuel prices soar.

Chrysler’s woes are the latest setback for Cerberus, which went on a buying binge early in the year when the credit markets were booming. Now it faces a rough road at Chrysler and the GMAC auto-finance business it bought from General Motors last year, not to mention its effort to walk away from its pending buyout of United Rentals.
Replies:    
Re: Re: Re: OH NO! by GaryO · Nov 20, 07 - 5:01 PM
Re: Re: Re: Re: OH NO! by MoparNorm · Nov 20, 07 - 6:18 PM
Re: Re: Re: Re: Re: OH NO! by GaryO · Nov 20, 07 - 6:33 PM
Re: Re: Re: Re: Re: Re: OH NO! by DB69 · Nov 20, 07 - 7:31 PM
Re: Re: Re: Re: Re: Re: Re: OH NO! by MoparNorm · Nov 20, 07 - 10:08 PM
Re: And the Earth Moved? by FrankyB · Nov 18, 07 - 8:42 PM
Re: Re: And the Earth Moved? by MoparNorm · Nov 18, 07 - 9:59 PM
Re: Re: Re: And the Earth Moved? by DB69 · Nov 19, 07 - 12:49 AM
Re: Re: Re: Re: And the Earth Moved? by DB69 · Nov 19, 07 - 2:57 AM
Re: And the Earth Moved? by Dok · Nov 19, 07 - 10:35 PM
Re: And the Earth Moved? by FrankyB · Nov 19, 07 - 11:44 PM
Re: Re: And the Earth Moved? by JimmieD · Nov 20, 07 - 9:30 AM
Re: Re: Re: And the Earth Moved? by DB69 · Nov 20, 07 - 3:06 PM
Re: Re: Re: Re: And the Earth Moved? by MoparNorm · Nov 20, 07 - 6:21 PM
Re: Re: Re: Re: Re: And the Earth Moved? by Russ Ashley · Nov 21, 07 - 3:46 PM
Re: And the Earth Moved? by FrankyB · Nov 21, 07 - 3:52 PM


  Reply
  Home


powered by Powered by Bravenet bravenet.com