Chrysler Recalling 349,442 Older Model Vehicles

The transcript discusses Chrysler's ignition key issue, which may cause keys to get stuck, leading to a minor accident. General Motors received a credit rating upgrade from Standard & Poor's, indicating stable financial prospects despite recall costs. Sears, led by Edward Lampert, faces financial difficulties and failed to secure a $400 million loan from Saint Joe, as it seeks more funds to cover mounting losses.

What issue is Chrysler facing with their ignition keys?

What was General Motors' new credit rating status according to Standard and Poors?

What financial outlook did SMP provide for the company's credit measures?

What amount was Sears looking to borrow to cover its losses?

Who is the hedge fund investor running Sears?