Auto suppliers want Congress, Obama to protect supply base amid summer factory shutdowns

Auto suppliers urge lawmakers to protect base

WASHINGTON — Auto suppliers said Friday they are in crisis and may be forced out of business by temporary factory shutdowns at General Motors Corp. and Chrysler LLC.

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Chrysler bond holders drop opposition to proposed Chrysler Chapter 11 plan

Group drops fight against Chrysler plan

NEW YORK — The group of dissident Chrysler bond holders challenging Chrysler LLC’s government-backed restructuring plans, said Friday that it is dropping its court fight.

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Chrysler offers up to $6,000 in incentives on 2009 models to combat US sales slump

Chrysler offers incentives to counter sales slump

NEW YORK — Chrysler said Wednesday it is offering up to $6,000 worth of incentives on its 2009 cars and trucks as it races to emerge from bankruptcy protection and counter a prolonged U.S. sales slump.

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Group of dissident Chrysler lenders reveals identities of members

Chrysler lenders group releases list of members

NEW YORK — The names of a handful of Chrysler debt holders who oppose the automaker’s bankruptcy were disclosed Wednesday, but a number of others dropped their opposition, a week after President Barack Obama publicly chastised the group for not supporting his plan to help remake the company.

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Judge OKS Chrysler bidding procedures, dissident lenders protest; identities to be disclosed

Judge OKs Chrysler’s steps toward sale to Fiat

NEW YORK — The judge overseeing Chrysler LLC’s Chapter 11 proceedings has ruled that the automaker can start taking steps toward selling the vast majority of its assets to Italy’s Fiat Group SpA. The judge also said lawyers for a dissident group of lenders have until noon Wednesday to file a list of members with the court, ruling that their identities do not need to be sealed despite reported death threats.

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Dissident Chrysler lenders want to block sale of assets to Fiat; identities to be disclosed

Lenders group objects to sale to Fiat

NEW YORK — A dissident group of Chrysler LLC lenders objected Tuesday to the sale of the bulk of the automaker’s assets to Italian automaker Fiat, saying that the proposed sale process is designed to prevent competitive bidding.

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AP Executive Morning Briefing

AP Executive Morning Briefing

The top business news from The Associated Press for the morning of Wednesday, June 17, 2009:

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Judge OKs gov’t loans to give Chrysler ‘bridge’ to Fiat deal despite some lenders’ objections

Judge OKs Chrysler financing over lenders’ protest

NEW YORK — A bankruptcy judge on Monday gave Chrysler access to a crucial $4.5 billion to fund the carmaker’s operations through the end of June, creating a “bridge” to the sale of the company’s most valuable assets to Italy’s Fiat Group SpA.

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Judge allows Chrysler to use gov’t loans for bankruptcy financing, OKs payment of $8B in costs

Judge approves Chrysler’s use of gov’t financing

NEW YORK — The judge overseeing Chrysler’s bankruptcy protection case says the automaker can use $4.5 billion in government loans for bankruptcy financing while it works toward a sale of the company’s assets to Italian automaker Fiat.

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Business Highlights

Business Highlights

Slumping crude oil prices drag stock market lower

NEW YORK (AP) — Major stock indexes skidded 2 percent Tuesday as crude fell for the fifth straight day.

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