Good-Bye Chrysler

[Twistys Tim]

DETROIT (Reuters) - The Treasury is preparing a Chapter 11 bankruptcy filing for Chrysler LLC that could come as soon as next week, The New York Times reported on Thursday, citing people with direct knowledge of the matter.
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The Treasury has an agreement in principle with the United Auto Workers union to protect pensions and retiree health care benefits as a condition of the bankruptcy filing, the paper said.

Italy's Fiat would finalize its alliance with Chrysler while the U.S. automaker is under bankruptcy protection, the paper reported.

Chrysler has until April 30 to complete its partnership with Fiat and win concessions from its first-lien lenders and the UAW, or face a cut-off of government funding and a potential bankruptcy.

The Times said U.S. and Canadian governments were prepared to provide the financing that Chrysler needed to operate while under bankruptcy protection.

Chrysler was not immediately available for comment.

The story

[Barefootsies]

Bravo.

[GetSCORECash]

No way!

I just lost the value on both my cars!

[2012]

isla vista and addidas Chrystler

[Barefootsies]

Originally Posted by Twistys Tim

Good-Bye Chrysler

[Robbie]

Originally Posted by SCORE-Cash

No way!

I just lost the value on both my cars!

We both know that we have chrysler cars that are only gonna appreciate in value over the next few years Unique and not very many of them made to begin with and even less around now. I'm pretty sure that no matter what happens to Chrysler it won't affect you and I.

[JFK]

Originally Posted by SCORE-Cash

No way!

I just lost the value on both my cars!

wonder what will happen to warranties ?

[Allformyspace]

Fiat owns Ferrari and they gained in value in the past 18 years.

[Steve Awesome]

Yeah, look @ what happened with the DeLorean. They went out of business and those old cars are still fucking famous and appreciating.

[SBJ]

Originally Posted by Steve Awesome

Yeah, look @ what happened with the DeLorean. They went out of business and those old cars are still fucking famous and appreciating.

the Delorean was a nicer class of car then the average chrysler

that's like saying Yugos are worth more cause they went out of biz

[O MARINA]

... Adios

[wargames]

Fail

[Useless Warrior]

Chapter 11 implies a re-organization, not dissolution, of a company. They aren't going away. They should, but they aren't. Taxpayers will continue to have the pleasure of funding them while they continue to fail.

[Fap]

Originally Posted by Steve Awesome

Yeah, look @ what happened with the DeLorean. They went out of business and those old cars are still fucking famous and appreciating.

Well that's only because if you bring it to 88 mph.. you know what happens

[2012]

i can't wait to party in their empty offices on devils night

[SBJ]

Originally Posted by Useless Warrior

Chapter 11 implies a re-organization, not dissolution, of a company. They aren't going away. They should, but they aren't. Taxpayers will continue to have the pleasure of funding them while they continue to fail.

yup sad but prolly true

[LiveDose]

Who's next...

[pornguy]

Originally Posted by Useless Warrior

Chapter 11 implies a re-organization, not dissolution, of a company. They aren't going away. They should, but they aren't. Taxpayers will continue to have the pleasure of funding them while they continue to fail.

And all the people in upper management with Initials in their titles make far more than the average family.

[AGS-17]

Good bye

[DudeRick]

Good riddance! Biggest piece of shit ever made!

[TisMe]

Not so fast...

Reuters
U.S. official dismisses report of Chrysler's imminent bankruptcy
Reuters – 1 hr 59 mins ago

WASHINGTON (Reuters) – The Obama administration remains focused on bringing Chrysler and Fiat into a working partnership, a U.S. official said on Thursday, dismissing a news report that the U.S. car-maker faced imminent bankruptcy.

http://news.yahoo.com/s/nm/20090423/...ZmaWNpYWxkaQ--

[MaDalton]

at the same time it is said that Fiat is interested to buy german GM daughter Opel - i doubt Fiat can afford both

[Pete-KT]

the banckrupty will only allow them to start over and forget all there debt, there not going anywhere, the government wont allow it

[_Richard_]

Originally Posted by TisMe

Not so fast...

Reuters
U.S. official dismisses report of Chrysler's imminent bankruptcy
Reuters ? 1 hr 59 mins ago

WASHINGTON (Reuters) ? The Obama administration remains focused on bringing Chrysler and Fiat into a working partnership, a U.S. official said on Thursday, dismissing a news report that the U.S. car-maker faced imminent bankruptcy.

http://news.yahoo.com/s/nm/20090423/...ZmaWNpYWxkaQ--

about the same time that canadian union workers agree to lower wages..

[badpuma]

everyone is going bankrupt its the new thing to do

[Allformyspace]

Originally Posted by MaDalton

at the same time it is said that Fiat is interested to buy german GM daughter Opel - i doubt Fiat can afford both

The italian government are backing them up with some extra cash flow.

[96ukssob]

OH NO!!!!!! what will we do about the two greatest cars ever made? The PT Cruiser and the 300?




























/sarcasm

[sortie]

Originally Posted by Silent Bob Jedi

the Delorean was a nicer class of car then the average chrysler

that's like saying Yugos are worth more cause they went out of biz

Shsssss!!! Don't tell anyone.


I sell classic Yugo, cheap price for you.

[acctman]

thats why i will always by foreign... BMW 4ever

[Spunky]

A lot of people will get fucked with the warranties

[asianseekerz]

wishing them that there is some hope to run their operations!!!

[bobby666]

adio amigo

[Pleasurepays]

american cars are absolute shit and these companies should drop off the face of the earth.


i have a writer that works for me.

he worked for a company where he would write reviews for cars.

these were all american cars.

they would bring him a new car each week, he would drive it for the week, write a review for it, publish it all over the interwebs, they would come pick it up and give him a new car each friday. so it was interesting to see each new car from that perspective. as we met each week to discuss business, heres an example of shit i saw.

- a lincoln mkx (whatever those cross over SUV's are called) - had ever body part so misaligned that i was convinced that the car had previously been totaled.... even though it was actually a new car.

- a ford f350 with all the bells and whistles (a 40k plus redneck ride)... you could stand outside the truck, close the drivers door and see day light through the edge of the door.

- there was one car (jeep liberty maybe or it was something similar) where the gauges were totally obscured by the retarded, oversized steering wheel and you couldn't reach the radio knobs from sitting in the driver seat

i could ask him to send me more examples. but i remember the weekly conversation was always the same "hey man... check out how fucked up this thing is..." and i was always totally stunned at how retarded an interior could be laid out, how shitty something could drive or just how fucked up a car could be coming straight off the assembly line.

anyone that thinks american cars aren't total shit compared to japanese and german cars is living in pure fucking denial. if you have any exposure to cars at all, and can compare an american car in one class to a japanese or german car in the same class.. there is just no comparison.

fuck american automakers
fuck unions

these companies need to die. i can't believe that in the good ole' US of A... were are going full communist with this shit and borrowing money from the chinese to prop up horrible companies that have totally failed. scary times we are living in. its going to be a bumpy ride for the next 10 years. and where is this headed? are we going to be like the french and just start taking executives hostage until they agree to a 30 hr work week and 4 months paid vacation per year? this country is going into the toilet fast... spend more time striking than working because a company had the audacity to expect people to actually work and earn their money?

[baddog]

Originally Posted by Pleasurepays

american cars are absolute shit

Gotta love opinions based on another's say so.

[iwantchixx]

Originally Posted by Steve Awesome

Yeah, look @ what happened with the DeLorean. They went out of business and those old cars are still fucking famous and appreciating.

DeLorean was a huge mess. Government funded,, improperly run.. wait.. kinda reminds me of how the current auto market is going lol

[tranza]

It's very sad to hear that....wonder what are the next ones...

[Pleasurepays]

Originally Posted by baddog

Gotta love opinions based on another's say so.

you're right. i'm 38. i've never seen an american car other than in comic books and street graphitti if you read what i wrote, you would know that i was making the point that it was an interesting opportunity to look at a new car with him, get his opinion and have him point out all the flaws and things people didn't like about it... not to mention all the obvious flaws that they came straight off the assembly line with - misaligned body parts, doors not closing correctly or whatever.


oddly, i've never had that issue sitting down in any mercedes or bmw i've ever owned. but maybe its just a coincidence that americans buy so many foreign cars in their own back yard.

[kowalsky]

How many people work for Chrysler? That´s gonna be painful...