chry to declare BK TODAY!

RACER X · 04-30-2009, 08:09 AM

from yesterday

Bloomberg is reporting that President Barack Obama is expected to announce tomorrow that Chrysler will enter Chapter 11 bankruptcy before signing an alliance with Italian automaker Fiat. Under the deal, Chrysler's most valuable assets would be sold to a new "entity." Fiat is expected to take a 20 percent ownership stake in Chrysler, a union retiree health-care trust fund would own 55 percent, and the rest of the company would be owned by the U.S. government.

http://www.bloomberg.com/apps/news?p...d=a97rZxZqE4S8

Dave · 04-30-2009, 08:17 AM

fuck that

Rider · 04-30-2009, 08:46 AM

If it wasn't such an impact on the MI economy I'd say fuck them and let them go out of business, but we already have the highest unemployment rate in the nation at 12%. Thank god somebody is looking out for us.

Rsv1000R · 04-30-2009, 10:19 AM

I would rather the gov give out welfare to people by giving them a chance to get/keep their job, than just handing them money.

bmblebee · 04-30-2009, 10:51 AM

If the union and the government run Chrysler like they have handled their own affairs for the last 20 years...it will just be another hole in the water they are trying to drown us all in.

BobTheBiker · 04-30-2009, 02:12 PM

we're fucked. plain and simple. my vote goes toward liquidating the company's assets to various enities that can actually RUN a business, and give the unions the boot.

04-30-2009, 08:09 AM	#1
RACER X AMA Supersport Join Date: Nov 2008 Location: Richmond, Tx Moto: '10 Tuono Factory Posts: 4,569	chry to declare BK TODAY! from yesterday Bloomberg is reporting that President Barack Obama is expected to announce tomorrow that Chrysler will enter Chapter 11 bankruptcy before signing an alliance with Italian automaker Fiat. Under the deal, Chrysler's most valuable assets would be sold to a new "entity." Fiat is expected to take a 20 percent ownership stake in Chrysler, a union retiree health-care trust fund would own 55 percent, and the rest of the company would be owned by the U.S. government. http://www.bloomberg.com/apps/news?p...d=a97rZxZqE4S8 __________________ ΜΟΛΩΝ ΛΑΒΕ 2014 GROM! 181cc of FURY 2010 Aprilia Tuono Factory - SOLD 2009 SFV Gladius - SOLD 2008 Hayabusa - SOLD.

04-30-2009, 08:17 AM	#2
Dave Chaotic Neutral Join Date: Feb 2008 Location: Cherry Hill NJ Moto: GV1200 Madura, Hawk gt Posts: 13,992	fuck that __________________ TWF Post whore #6

04-30-2009, 10:51 AM	#5
bmblebee Community Curmudgeon Join Date: Nov 2008 Location: Tallahassee Moto: '04 F4i Posts: 373	If the union and the government run Chrysler like they have handled their own affairs for the last 20 years...it will just be another hole in the water they are trying to drown us all in. __________________ Alcohol, Tobacco and Firearms should be a convenience store and not a government agency If You Don't Know What Your Rights are...You Won't Have Any

04-30-2009, 08:46 AM	#3
Rider Moto GP Star Join Date: Feb 2008 Posts: 12,156	If it wasn't such an impact on the MI economy I'd say fuck them and let them go out of business, but we already have the highest unemployment rate in the nation at 12%. Thank god somebody is looking out for us.

04-30-2009, 10:19 AM	#4
Rsv1000R WERA White Plate Join Date: Nov 2008 Posts: 1,059	I would rather the gov give out welfare to people by giving them a chance to get/keep their job, than just handing them money.

04-30-2009, 02:12 PM	#6
BobTheBiker too much time on my hands Join Date: Jul 2008 Location: the northern district of god damn Moto: 01 ZX6R, looking for more now. Posts: 1,802	we're fucked. plain and simple. my vote goes toward liquidating the company's assets to various enities that can actually RUN a business, and give the unions the boot.