Political discussion and ranting, premised upon the fact that even a stopped clock is right twice a day.
Thursday, April 30, 2009
Chrysler Is In Chapter 11 Bankruptcy
The news stories seem to be saying that Chrysler "will" file, but that's just because they're a bit slow with their updates. It's a done deal.
Let's hope this gets them past the hurdles set by creditors (whose expectations were, in my opinion, quite unreasonable given that Chrysler is bankrupt), and facilitates a quick deal with Fiat. Good luck to the employees and retirees, who may get hit pretty hard.
Labels:
Auto Industry,
Bankruptcy,
Chrysler
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Aaron, I have never before seen you use the incorrect version of "they're." You must be sleep deprived or something.
ReplyDeleteMust be. ;-)
ReplyDelete