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.

2 comments:

  1. Aaron, I have never before seen you use the incorrect version of "they're." You must be sleep deprived or something.

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