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
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
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