News, Chrysler At Risk Of Bankruptcy. (union, sell, money, corporation)

[JD59]

New York, NY (AHN) - A JPMorgan analyst warned that Chrysler is at risk of bankruptcy as it is hit by the triple force of high pump prices, an economic slowdown and an expected decline in sales of trucks. Other than bankruptcy, the next viable option for the third largest vehicle maker in the U.S. would be to sell its Jeep and Dodge Ram brands by early 2009.

Chrysler At Risk Of Bankruptcy | AHN | July 7, 2008 (http://www.allheadlinenews.com/articles/7011505515 - broken link)

[texdav]

Chrysler;GM and ford have been on the brink of disaster for years. Their cars have been outdated since the 70's. With their crazy union contracts it does no good to even lay-off people.They can't keep losing money and expect investors to stay with them for much longer.

[cdelena]

Originally Posted by texdav

Chrysler;GM and ford have been on the brink of disaster for years. Their cars have been outdated since the 70's. With their crazy union contracts it does no good to even lay-off people.They can't keep losing money and expect investors to stay with them for much longer.

They actually make some good autos today but did not for a long time so many people, including you, don't look seriously anymore.

[tallrick]

Overpaid executives and entitlements will bankrupt most 20'th century American corporations.

[sterlinggirl]

I wonder what that will do to the $2.99 gas deal.....

[bale002]

Originally Posted by cdelena

They actually make some good autos today but did not for a long time so many people, including you, don't look seriously anymore.

Maybe, but on many criteria, they still don't compare well with Toyota, for example.

Ford put a hybrid on, what, the F-150? What idiots!

Why not put it on the Escort or Focus where it would really make a difference?

[Irishtom29]

Originally Posted by bale002

Ford put a hybrid on, what, the F-150? What idiots!

Why not put it on the Escort or Focus where it would really make a difference?

The F-150 isn't available as a hybrid, the Escape is though. Any idiot knows that.

And knows the Escort hasn't been made in years too.

[Philip T]

Originally Posted by cdelena

They actually make some good autos today but did not for a long time so many people, including you, don't look seriously anymore.

If they burn oil, they are not good.

[norm]

GM has enough capital through 2009 but they will have to sell some assets to avoid going into Chapter 11. I just read that they are trying to sell the Hummer division and thinking about selling Saab, Buick & Saturn.

[texdav]

The problem is that they need to have enough maoney to retoll for newer smaller type vehicles and that can take like 11/2 years in cost.What trhey are doing is down sizing because of this and but they still have thoise crazy labor contracts.