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Old 04-29-2009, 06:13 PM #1
DarkTamer
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Chrysler to file for bankruptcy

http://www.bloomberg.com/apps/news?p...efer=worldwide

Chrysler will be filing for Chapter 11. Looks like some of it will be absorbed by Fiat, the rest will go to the government (for now) and to a health care trust fund I assume for retirees of Chrysler.
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Old 04-29-2009, 06:56 PM #2
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The whole bailout thing was stupid and only delayed the inevitable for most of these companies except we wouldnt have had to give them millions or billions if they would have just went ahead and filed.
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Old 04-29-2009, 07:30 PM #3
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We need them though.

they are offering thousands of jobs for everyone
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Old 04-29-2009, 08:08 PM #4
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... What chapter / degree of bankruptcy are they filing?
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Old 04-29-2009, 08:16 PM #5
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They're going to reorganize, so Chapter 11.

I think they should just liquidate, and sell off whatever brands they have that still have some sort of cachet. They don't have the money to develop product, and their current ones are terrible.
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Old 04-29-2009, 08:27 PM #6
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They're going to reorganize, so Chapter 11.

I think they should just liquidate, and sell off whatever brands they have that still have some sort of cachet. They don't have the money to develop product, and their current ones are terrible.
They do have some good product: 300, charger, challenger, ram, durango.

They need to renegotiation their union contracts to stop straining the small car markets and make their product more competitive.
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Old 04-29-2009, 08:27 PM #7
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Well hold on to your butts, cause we're in for a rollercoaster ride
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Old 04-29-2009, 08:29 PM #8
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Well hold on to your butts, cause we're in for a rollercoaster ride
Why? One company goes under another will come into being to prosper, be it a new or previously existing company.
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Old 04-29-2009, 08:41 PM #9
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Why? One company goes under another will come into being to prosper, be it a new or previously existing company.
Short term and long term are two very different things. Capitol and labor are mobile in the long run, but not in the short run, which means that you're going to see idle resources in the short run. We have enough of those at the moment.
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Old 04-29-2009, 08:43 PM #10
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Short term and long term are two very different things. Capitol and labor are mobile in the long run, but not in the short run, which means that you're going to see idle resources in the short run. We have enough of those at the moment.
True. But IMHO this country is entirely short sighted when it comes to fiscal well being and economic policy.
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Old 04-29-2009, 08:45 PM #11
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GM is cutting all kinds of jobs and already announced (officially) the cut of Pontiac. Next may be Saab, Saturn, and Hummer.
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Old 04-29-2009, 08:46 PM #12
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GM is cutting all kinds of jobs and already announced (officially) the cut of Pontiac. Next may be Saab, Saturn, and Hummer.
I think Saab is already slated to be cut, I'm not sure though.
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Old 04-29-2009, 11:24 PM #13
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GM is cutting all kinds of jobs and already announced (officially) the cut of Pontiac. Next may be Saab, Saturn, and Hummer.


I doubt they will cut Hummer. The military always needs them, as far as I know.
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Old 04-29-2009, 11:28 PM #14
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GM doesn't build the hummer, they only market and sell the civilian models. They are built by AM General. (H1's and H2's)
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Old 04-30-2009, 03:31 AM #15
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Why? One company goes under another will come into being to prosper, be it a new or previously existing company.
Ever hear of the term "trickle-down unemployment?"
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Old 04-30-2009, 03:43 AM #16
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Hopefully they get their act together and reorganized properly. Government money won't make them profitable.
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Old 04-30-2009, 03:56 AM #17
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Hopefully they get their act together and reorganized properly. Government money won't make them profitable.
Agreed, but we're still screwed.
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Old 04-30-2009, 04:08 AM #18
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Hopefully they get their act together and reorganized properly. Government money won't make them profitable.
but we all know they'll get government money anyway
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Old 04-30-2009, 08:01 AM #19
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GM is cutting all kinds of jobs and already announced (officially) the cut of Pontiac. Next may be Saab, Saturn, and Hummer.
Saab was or is being sold, Saturn and Hummer will stop production by 2012. Hummer is not the AMC Hummer that the military uses. GM is cutting 26,000 by 2011, adding to a number they already had set earlier in the year. Chrystler employees 50,000, it's easy to say screw you your company sucks when you're not 1 of 50,000.
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Old 04-30-2009, 11:43 AM #20
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Chrystler employees 50,000, it's easy to say screw you your company sucks when you're not 1 of 50,000.
That's also not counting any of the supporting businesses that those Chrysler employees fueled on but will no longer be able to afford to do business with.
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Old 04-30-2009, 11:47 AM #21
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Agreed, but we're still screwed.
We're not screwed if GM goes under. It will hurt. For a long time even. However, it won't sink our country.

Also, wtf is Fiat thinking? They have to be considering purchasing Chrysler simply as an act of charity as there's no way any sane company would see Chrysler as a viable, profitable company.
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