Chrysler to file for bankruptcy:
Some lenders refuse offer to reduce debt,
leading to likely bankruptcy filing. But Chrysler expected to remain in business and complete deal with Fiat.
Chrysler asked Treasury for $6 billion in additional help in order to stay in business and weather the current crisis. But that amount assumed that Chrysler would not need to file for bankruptcy. It is possible that even more federal help may be required to fund operations during a bankruptcy reorganization.
Chrysler is only a fraction of its former self. It has about 39,000 U.S. employees, only about 40% of the total it had at the beginning of the decade. It has fallen behind not only Toyota Motor (TM) in sales, but it is close to being overtaken by Honda (HMC) for the No. 4 spot for U.S. sales.
-------------I think the merge with Fiat does alot of good for Fiat, to enter the U.S market. Over the years, Fiat has did quite a good job in its series of cars, from the Punto to the Bravo. The design of the cars is quite sporty and fuel consumption is relatively solid too.
Fiat:
v.s.
Chrysler:
Your pick?
13 comments:
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