# Chrysler to file for bankrupcy **URL:** \ **Category:** NYSpeed Automotive\ **Created:** [April 30, 2009, 6:05am UTC](https://forums.speedlife.net/t/chrysler-to-file-for-bankrupcy/67036 "2009-04-30T06:05:19Z")\ **Posts on this page:** 20\ **Page:** 1
**Author:** ![JayS](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jays/32/15375_2.png) [@JayS](https://forums.speedlife.net/u/JayS)\ **Post date:** [April 30, 2009, 6:05am UTC](https://forums.speedlife.net/t/chrysler-to-file-for-bankrupcy/67036/1 "2009-04-30T06:05:19Z")
> **[Politics | Fox News](https://www.foxnews.com/politics)** > > Presidential politics and political news from foxnews.com. News about political parties, political campaigns, world and international politics, politics news headlines plus in-depth features and video clips. > 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. [Cnn.com](http://Cnn.com)’s breaking news banner… > Obama administration official: Chrysler will file for bankruptcy now that negotiations with creditors have collapsed. Should be interesting to see what happens to those union contracts now. ---
**Author:** ![Wahoo](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/wahoo/32/8265_2.png) [@Wahoo](https://forums.speedlife.net/u/Wahoo)\ **Post date:** [April 30, 2009, 6:13am UTC](https://forums.speedlife.net/t/chrysler-to-file-for-bankrupcy/67036/2 "2009-04-30T06:13:21Z")
yea I wonder if there gonna start fresh with a bunch of new hire’s for the plants, or just negociate wages again ---
**Author:** ![JayS](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jays/32/15375_2.png) [@JayS](https://forums.speedlife.net/u/JayS)\ **Post date:** [April 30, 2009, 6:22am UTC](https://forums.speedlife.net/t/chrysler-to-file-for-bankrupcy/67036/3 "2009-04-30T06:22:52Z")
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. ---
**Author:** ![eMKay](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/emkay/32/7428_2.png) [@eMKay](https://forums.speedlife.net/u/eMKay)\ **Post date:** [April 30, 2009, 6:34am UTC](https://forums.speedlife.net/t/chrysler-to-file-for-bankrupcy/67036/4 "2009-04-30T06:34:45Z")
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? ---
**Author:** ![Fry](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/fry/32/7284_2.png) [@Fry](https://forums.speedlife.net/u/Fry)\ **Post date:** [April 30, 2009, 6:39am UTC](https://forums.speedlife.net/t/chrysler-to-file-for-bankrupcy/67036/5 "2009-04-30T06:39:46Z")
And so begins the rebirth of the American auto industry. God knows this has been a long time coming. ---
**Author:** ![Wahoo](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/wahoo/32/8265_2.png) [@Wahoo](https://forums.speedlife.net/u/Wahoo)\ **Post date:** [April 30, 2009, 6:45am UTC](https://forums.speedlife.net/t/chrysler-to-file-for-bankrupcy/67036/6 "2009-04-30T06:45:02Z")
Yeah it’s probly for the best anyways, but I must say I drove a SRT8 300C and it was very nice and was way faster then I expected for such a huge car! ---
**Author:** ![JayS](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jays/32/15375_2.png) [@JayS](https://forums.speedlife.net/u/JayS)\ **Post date:** [April 30, 2009, 6:53am UTC](https://forums.speedlife.net/t/chrysler-to-file-for-bankrupcy/67036/7 "2009-04-30T06:53:25Z")
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. ---
**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\ **Post date:** [April 30, 2009, 6:55am UTC](https://forums.speedlife.net/t/chrysler-to-file-for-bankrupcy/67036/8 "2009-04-30T06:55:00Z")
That thing got a hemi in it? Probably not any more. ☹ ---
**Author:** ![eMKay](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/emkay/32/7428_2.png) [@eMKay](https://forums.speedlife.net/u/eMKay)\ **Post date:** [April 30, 2009, 6:58am UTC](https://forums.speedlife.net/t/chrysler-to-file-for-bankrupcy/67036/9 "2009-04-30T06:58:38Z")
> [@JayS](#): > > 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. Yeah, but after driving one or three, I’ve been totally dissapointed. ---
**Author:** ![Blue\_Eyed\_Devil](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/blue_eyed_devil/32/7292_2.png) [@Blue\_Eyed\_Devil](https://forums.speedlife.net/u/Blue_Eyed_Devil)\ **Post date:** [April 30, 2009, 7:01am UTC](https://forums.speedlife.net/t/chrysler-to-file-for-bankrupcy/67036/10 "2009-04-30T07:01:34Z")
I like the way they say “talks broke down”. Translation = So far the plan is going according to schedule. Can Chrysler shit can all of their legacy costs, etc? What will this mean for GM and Ford? All of a sudden Chrysler looks more competitive.(Maybe) ---
**Author:** ![Penfold](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/penfold/32/5007_2.png) [@Penfold](https://forums.speedlife.net/u/Penfold)\ **Post date:** [April 30, 2009, 7:14am UTC](https://forums.speedlife.net/t/chrysler-to-file-for-bankrupcy/67036/11 "2009-04-30T07:14:30Z")
So, hoe about the “lifetime warranties?” ---
**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\ **Post date:** [April 30, 2009, 7:16am UTC](https://forums.speedlife.net/t/chrysler-to-file-for-bankrupcy/67036/12 "2009-04-30T07:16:02Z")
I would think they would fall under the “backed by the full faith and credit of the US Gov’t” thing…unless that was only going forward ---
**Author:** ![dubbin91](https://avatars.discourse-cdn.com/v4/letter/d/ecccb3/32.png) [@dubbin91](https://forums.speedlife.net/u/dubbin91)\ **Post date:** [April 30, 2009, 7:17am UTC](https://forums.speedlife.net/t/chrysler-to-file-for-bankrupcy/67036/13 "2009-04-30T07:17:13Z")
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. ---
**Author:** ![Avatar](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/avatar/32/5076_2.png) [@Avatar](https://forums.speedlife.net/u/Avatar)\ **Post date:** [April 30, 2009, 7:46am UTC](https://forums.speedlife.net/t/chrysler-to-file-for-bankrupcy/67036/14 "2009-04-30T07:46:07Z")
> [@Fry](#): > > And so begins the rebirth of the American auto industry. God knows this has been a long time coming. It really is about time all this happened. It pains me to think of all the time and money wasted up to this point. ---
**Author:** ![BigRon](https://avatars.discourse-cdn.com/v4/letter/b/58956e/32.png) [@BigRon](https://forums.speedlife.net/u/BigRon)\ **Post date:** [April 30, 2009, 7:48am UTC](https://forums.speedlife.net/t/chrysler-to-file-for-bankrupcy/67036/15 "2009-04-30T07:48:52Z")
> [@Joe](#): > > I would think they would fall under the “backed by the full faith and credit of the US Gov’t” thing…unless that was only going forward [http://www.foxnews.com/politics/first100days/2009/03/31/details-obamas-auto-warranty-plan-emerges/](http://www.foxnews.com/politics/first100days/2009/03/31/details-obamas-auto-warranty-plan-emerges/) According to this article it was going forward only. ---
**Author:** ![Blue\_Eyed\_Devil](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/blue_eyed_devil/32/7292_2.png) [@Blue\_Eyed\_Devil](https://forums.speedlife.net/u/Blue_Eyed_Devil)\ **Post date:** [April 30, 2009, 8:14am UTC](https://forums.speedlife.net/t/chrysler-to-file-for-bankrupcy/67036/16 "2009-04-30T08:14:54Z")
^Going forward and maybe only before the bankruptcy.:gotme: Maybe all bets are off now. ---
**Author:** ![Onyx\_Z32](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/onyx_z32/32/7581_2.png) [@Onyx\_Z32](https://forums.speedlife.net/u/Onyx_Z32)\ **Post date:** [April 30, 2009, 9:06am UTC](https://forums.speedlife.net/t/chrysler-to-file-for-bankrupcy/67036/17 "2009-04-30T09:06:18Z")
Who’s going to honor the gas deal??? ![http://www.ptcruiserlinks.com/gallery/data/508/chrysler-gas-guarantee.jpg](http://www.ptcruiserlinks.com/gallery/data/508/chrysler-gas-guarantee.jpg) ---
**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\ **Post date:** [April 30, 2009, 9:07am UTC](https://forums.speedlife.net/t/chrysler-to-file-for-bankrupcy/67036/18 "2009-04-30T09:07:19Z")
I will. ---
**Author:** ![Fry](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/fry/32/7284_2.png) [@Fry](https://forums.speedlife.net/u/Fry)\ **Post date:** [April 30, 2009, 9:09am UTC](https://forums.speedlife.net/t/chrysler-to-file-for-bankrupcy/67036/19 "2009-04-30T09:09:37Z")
> [@dubbin91](#): > > 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. That’s kind of what’s going on right now. Well, that’s exactly what’s going on right now. ---
**Author:** ![boxxa](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/boxxa/32/5045_2.png) [@boxxa](https://forums.speedlife.net/u/boxxa)\ **Post date:** [April 30, 2009, 9:17am UTC](https://forums.speedlife.net/t/chrysler-to-file-for-bankrupcy/67036/20 "2009-04-30T09:17:30Z")
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. [Next page](https://forums.speedlife.net/t/chrysler-to-file-for-bankrupcy/67036.md?page=2)