Chrysler's Epic Bankruptcy

[LegalSmash]

http://finance.yahoo.com/news/Chrysl...-15087171.html

Well look at that, we could have done that a year ago, without dispersing TARP, thanks a few billion congress.

[Red Tampon]

What a waste of fucking money

[Slavic]

http://finance.yahoo.com/news/Chrysl...-15087171.html

Well look at that, we could have done that a year ago, without dispersing TARP, thanks a few billion congress.

So true.

Atleast if the deal goes through they are going to kick out Chrystler's CEO and appoint one from Fiat.

Also the article seems to mention a union agreeded pay cut; im assuming to keep the workers working during the restructuring of the company which is always a good thing.

The funny thing is, I bet a shit load of bad decisions carried out by our Congressmen could of been averted if we switched from 24 hour news cluster fuck to segmented news reports like it was back in the good ol' days. The media hyping up this ecconomic crises and completly forgeting that free markets typically rebound from these things causes the public to go raving mad which in turn pressures law makers to make bullshit laws.

[RedOctober]

this is a completely normative statement but I'm glad Chrysler went under.

I have a Chrysler vehicle and it is a piece of shit. it completely falls apart at 100,000 miles and it is expensive to repair!

[BOOWY]

Hindsight is always 20/20. I'm on the fence on whether it was worth the spending, on the one hand they've had fairly consistent sales throughout the years but looking at the way it is now the only notable thing you could say about Chrysler(the division) was the 300, and that is at a fairly high price point for what I think is an ugly looking car that's not quite sure if it wants to be luxury or affordable. To it's credit the 300 and it's variants have won a few awards. I'm not quite clear on this but is this just the Chrysler division or is it everything? I'm assuming it's the whole thing. I'd be sad about Dodge going bye bye as I'd really like a Dodge Stealth or a 3000GT someday.

[zero]

Hopefully, this wont be an issue when it comes to warranties. I just bought a 2007 Dodge Ram 2500 with the Cummins Turbo Diesel last year that still has four years of warranty left. Luckily, the truck is known to be fairly solid. I have yet to bring it in for any warranty work.

[Italian Jew]

I think the government is still backing the warranties.

[Wrathek]

and even if they didn't.. the company will still exist. they are merging with fiat, not disappearing.

[LegalSmash]

Hindsight is always 20/20. I'm on the fence on whether it was worth the spending, on the one hand they've had fairly consistent sales throughout the years but looking at the way it is now the only notable thing you could say about Chrysler(the division) was the 300, and that is at a fairly high price point for what I think is an ugly looking car that's not quite sure if it wants to be luxury or affordable. To it's credit the 300 and it's variants have won a few awards. I'm not quite clear on this but is this just the Chrysler division or is it everything? I'm assuming it's the whole thing. I'd be sad about Dodge going bye bye as I'd really like a Dodge Stealth or a 3000GT someday.

Except for the fact that the non big three make ricers that are better priced and more reliable than the hunk of shits that have come out of UAW shops since 1980 onward.

[zero]

It should also be noted that as part of their Chapter 11 filing, Chrysler will be repaying NONE of the 7 BILLION dollars of taxpayer money it has received thus far.