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another automaker down...one more to go

IH8Rice

I'm Mr. Negative! I Fail!
Aug 2, 2008
24,524
494
Im over here now
so today is the deadline for Chrysler to announce their restructure plans, but according to the Czar Obama's admin, they will be filing for bankruptcy today

im a huge MOPAR fan and as much as this sucks, it can be good for them to file for Chapter 11 to get outa some big debts and restructure.
it is expected that the Fiat deal will still happen and the UAW agreement will still abide by the govt's requirements for more loans. i still hate to see the government pump money into them like GM, but they cant let them go down the shtter right?


thoughts?





http://news.yahoo.com/s/ap/20090430/ap_on_bi_ge/us_chrysler
 
Last edited:

Westy

the teste
Nov 22, 2002
56,406
22,490
Sleazattle
Been actully working a quote for doing some work with Chrysler. Payment terms will be required to be cash up front. It is kind of like trying to do business with my perpetually unemployed brother in law.
 

IH8Rice

I'm Mr. Negative! I Fail!
Aug 2, 2008
24,524
494
Im over here now
Been actully working a quote for doing some work with Chrysler. Payment terms will be required to be cash up front. It is kind of like trying to do business with my perpetually unemployed brother in law.
yeah, i would hope that CIA would be part of the deal!