Macro
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month values ▾
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|
| -0.70 | -0.70 | -0.60 | -0.10 | -0.35 | -0.20 | -0.20 | -0.10 | -0.05 | +0.00 | +0.00 | +0.05 |
From the March abyss, $787B stimulus, the GM/Chrysler restructurings, Cash for Clunkers and China's stimulus pulled order books off the floor into a real recovery by year-end.
How this mood is scored ▾
Chrysler filed for Chapter 11 bankruptcy on April 30, 2009 after a holdout group of secured lenders rejected a US-brokered plan to cut its $6.9 billion in secured debt. The filing paired the automaker with Italy's Fiat and up to $8 billion in additional federal aid, with a UAW retiree health fund taking majority equity and Fiat an initial 20% stake.
General Motors filed for Chapter 11 bankruptcy with $172.8 billion in debt, prompting a U.S. government bailout increasing its stake to 60% and a restructuring plan involving plant closures and a focus on core brands. The move, part of a broader auto industry overhaul, will see GM reemerge as a leaner entity backed by $50 billion in U.S. aid and $9.5 billion from Canada, while triggering its removal from the Dow Jones Industrial Average.