chrysler in the crap

[rebelcruzer]

heard on the radio here in the uk something about chrysler going bankrupt but only heard the end of the story...any news from your side of the pond...

[AlphaWolf]

Confirmed, they declared bankruptcy today. Said they could not come to an agreement with the bond holders/funds that expected to get 100% of their money back in a bankruptcy filing.

Let's hope this restructure makes them lean and mean. My biggest fear is people will not buy a car from a bankrupt company even with the govt warranty backing. That would mean no more company.

The lifetime warranty might be toast if you bought before the restructure. Anyone have any idea about that?

[garner49]

...and that Fiat will be taking partial control - bringing some of their 'small' cars to the market.

I drive a Cruiser, my wife has a Pontiac van and our son a Saturn... Mmmmm. Long as we can get parts for a while.

[Duster]

http://www.nytimes.com/2009/05/01/bu...ef=automobiles

[KuroKruiser]

Man I feel bad for the guys that was working there for 20 or 30 years and getting ready to retire than "no pension for you" that's harsh. hope they don't go under, so how hard would it be to get parts than? yikes