Talks between the Treasury Department and lenders aimed at keeping Chrysler LLC out of bankruptcy broke down late Wednesday, making it all but certain that the car maker will file for Chapter 11 protection Thursday, according to people familiar with the discussions.
If by “negotiate”, you mean, “this is what we’ll pay you, take it or get the fuck out and we’ll hire someone new to do your job” then yeah, I think they’re going to negotiate with the existing union employees.
That’s the best thing for them I think. start over, they have by far the worst cars of the big three, maybe now they can afford to develop (or buy from say Fiat) some good designs.
Ford: Doing ok.
GM: Cleaning house, going to be fine, some good cars there.
Chrysler: Starting over? What about warranty?
The 300 and all the cars built on that platform benefited from the brief Daimler ownership. They basically got a nice Mercedes chassis, stripped down a little bit, to drop their bodies on.
My question is…They had to have know this was coming, (well if they were smart and looked at the books for Chrysler) why did they not make them do this before they gave them billions? They should have made them file, restructure in BK court, and then give them money to help them out.
It entertains me that these companies report losses of millions per day yet people still want to bail them out…
Seriously? How the fuck do you lose millions a day and just not talk about it?
They missed the industry curve… the failed… let them go bankrupt and move on. If my company failed becuase we didn’t respond to a changing market or produce a product people wanted, is the government going to bail us out? No.
