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Old 05-01-2009, 05:18 AM
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Default BANKRUPT

yesterday i was watching the news and saw a report, chrysler is declaring bankruptcy .... i think the only USA automaker thats is surviving is ford.... this scares me... what is gonna happen.... and damn it, i wanted a challenger..
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Old 05-01-2009, 11:33 AM
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Ford is in the same boat. They just think they can continue to juggle their debt for a little longer and hope for a miracle before the inevitable happens.

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Old 05-01-2009, 01:57 PM
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Bankruptcy doesn't mean Chrysler is gone. If you were paying attention you would've heard the speech by Obama, basically saying that he's gonna help Chrysler rehabilitate. 52% of the company is going to be owned by some large union-esque company (can't remember the name - sounded like Auto Worker's Union or something like that), and 20% is going to Fiat (imagine that...Chrysler is going to have an affiliation with Ferrari! that's a trade-off from Daimler-Mercedes). Part of the rehab program is for Chrysler to start building smaller, fuel efficient cars (with the help of Fiat). This won't have much of an impact of Dodge, because they are separate entities. However, Fiat's association with Chrysler might rub off on Dodge, and we might see smaller cars entering Dodge's lineup (and maybe even something different out of Jeep). Bottom line, the only company that DIDN'T hold its hand out for bailout money is the one actually getting proper help from the government.
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Old 05-01-2009, 04:32 PM
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thats not true.. ford didn't get bail out money... chrysler did and so did GM... ford is also not getting any help.. and yea i know ford is struggling but who isn't.. and i don't think anyone will buy from a bankrupt company.. i think they are doomed.. which i wish wasn't the case..
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Old 05-01-2009, 10:10 PM
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Ford denied the bailout money. They were offered, they just didn't take it.

And Chrysler is under Chapter 11 bankruptcy restructuring, which only means they get a deferral on the debt they owe to the creditors that didn't want to cooperate and buys them time to completely rebuild the company and get it up to snuff. Also, Fiat holds 35% of the company and the Government holds 50% so they aren't going to go away just like that. With Chrysler now bringing in Fiat and Alfa Romeo for the first time in something like 25-30 years to the US market as well as their own company, they will see a nice turnaround. Also it isn't a case where people won't buy from a bankrupt company, the whole reason they are in this mess is because they were building crap people didn't want to buy to begin with. Once they get their act together and actually have things people will want then they can actually sell some cars. There hasn't been a single chrysler product (not including the Viper, which was good in its own way but still a crappy car overall) that I have personally wanted since 1998, and those cars were technically Mitsubishi's.

As far as GM is concerned they will probably enter Chapter 11 as well, but they are going to great lengths to try to lessen the blow as much as possible by dropping low profit lines, they will come around as well with time. I don't think we have to worry about this being British Leyland all over again, these two companies will learn their lesson and move forward.
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Old 05-02-2009, 09:20 PM
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Quote:
Originally Posted by mesarius View Post
Ford denied the bailout money. They were offered, they just didn't take it.

And Chrysler is under Chapter 11 bankruptcy restructuring, which only means they get a deferral on the debt they owe to the creditors that didn't want to cooperate and buys them time to completely rebuild the company and get it up to snuff. Also, Fiat holds 35% of the company and the Government holds 50% so they aren't going to go away just like that. With Chrysler now bringing in Fiat and Alfa Romeo for the first time in something like 25-30 years to the US market as well as their own company, they will see a nice turnaround. Also it isn't a case where people won't buy from a bankrupt company, the whole reason they are in this mess is because they were building crap people didn't want to buy to begin with. Once they get their act together and actually have things people will want then they can actually sell some cars. There hasn't been a single chrysler product (not including the Viper, which was good in its own way but still a crappy car overall) that I have personally wanted since 1998, and those cars were technically Mitsubishi's.

As far as GM is concerned they will probably enter Chapter 11 as well, but they are going to great lengths to try to lessen the blow as much as possible by dropping low profit lines, they will come around as well with time. I don't think we have to worry about this being British Leyland all over again, these two companies will learn their lesson and move forward.

chrysler might die out... but i KNOW GM won't..... and i give ford a GIANT pat on the back for having the guts to not take bail out money and stand up to their problem by making good cars..
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Old 05-04-2009, 05:37 PM
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With Fiat and the Government owning most of them they aren't going to die out, they will just be drastically downsized.
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Old 05-04-2009, 06:29 PM
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With the government owning anything it won't die.. it'll just loose all of it's balls and become drastically different and pathetic, i.e. GM.. slowing but surely bleeding out.
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