Chrysler Bankruptcy May Be Near

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Mr Lee
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Chrysler bankruptcy may be nearReports indicate key lenders reject deal aimed at cutting the beleaguered automaker's debt after UAW ratifies concession deal. http://money.cnn.com/2009/04/30/autos/chry...sion=2009043005Chrysler seems to be heading for bankruptcy, I wonder how that will affect the Philippines, how many jobs lost etc.http://www.chrysler.com.ph/dealer/index.htmlI personally think Chrysler shot themselves in the foot years ago, when they did away with their squared off, rear wheel drive police models that just about every USA police agency was using.

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tom_shor
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Chrysler bankruptcy may be nearReports indicate key lenders reject deal aimed at cutting the beleaguered automaker's debt after UAW ratifies concession deal. http://money.cnn.com/2009/04/30/autos/chry...sion=2009043005Chrysler seems to be heading for bankruptcy, I wonder how that will affect the Philippines, how many jobs lost etc.http://www.chrysler.com.ph/dealer/index.htmlI personally think Chrysler shot themselves in the foot years ago, when they did away with their squared off, rear wheel drive police models that just about every USA police agency was using.
Of course bankruptcy doesn't mean they will close up shop and go home. They might just be able to restructure.
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