Holy Cow - Chrysler File for Bankruptcy
Holy Cow - Chrysler File for Bankruptcy
04-30-2009, 10:14 AM
#2
Well, it's actually protection under chapter 11 of the act from paying its creditors; we don't have exactly the equivalent over here.
It allows it time to restructure with FIAT - that other boom to bust specialist.
They will thus, like two drunks, be able to prop each other up.
Just to complicate matters, FIAT is after Opel, yet GM wants to retain Vauxhall, who will henceforth probably have to bedge-engineer Daewoos and Holdens.
Oh what fun we had...
It allows it time to restructure with FIAT - that other boom to bust specialist.
They will thus, like two drunks, be able to prop each other up.
Just to complicate matters, FIAT is after Opel, yet GM wants to retain Vauxhall, who will henceforth probably have to bedge-engineer Daewoos and Holdens.
Oh what fun we had...
04-30-2009, 02:54 PM
#5
Thread Starter
Originally Posted by Boab01,Apr 30 2009, 07:40 PM
All but one of the US airlines are chapter 11... they all seem to function well enough 
This is a very deep pit.
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