Quote:
Originally Posted by JackandJanet
I didn't think they'd really gotten to bankruptcy yet. I've heard that the Government MAY allow Chrysler to fail, since it is comparatively small, as a way to "force" the Unions and management at GM to get serious with each other.
Isn't the "shutdown" sort of a cost saving measure? "Vacation" without pay?
- Jack
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Well their already late on their first 1 billion loan payment. If they miss the another one the government is supposed to pull the bail out money forcing them into bankruptcy and restructure.
Chrysler is merging with Fiat.
The shutdown is to give the dealers a chance to move some inventory so that there is not so much surplus running around.