Chrysler bankruptcy could take 2 years, not 2 months

SS 376 · 05-13-2009, 03:48 PM

http://www.autoblog.com/2009/05/13/t...years-not-two/

Man, if I had a Challenger pre-order...

ArcAngel · 05-13-2009, 04:12 PM

Ahahahahahahahaha they had everyone believing it would go quick and painless wait till you see how long GM's takes

camaro5 · 05-13-2009, 04:14 PM

Quote:

A condition of Chrysler's emergence is splitting the company into two entities – a good Chrysler and a bad Chrysler. The good entity would contain everything within the company that's valuable like the Jeep brand and Dodge trucks and their associated assembly plants. That entity would be the one controlled by Fiat and owned by the UAW VEBA fund, the U.S. and Canadian governments and Fiat. President Obama was likely referring to this entity when he mentioned the 60-day time table, as a judge has already scheduled these good assets to be transfered into the new entity by May 27th.

This has nothing to do with producing popular models.

Quote:

This process of selling off the diseased parts of Chrysler is what administration officials are now reportedly saying may take up to two years.

BigRigMike · 05-13-2009, 04:15 PM

As they say in the article they are breaking the company in two as was suggested for GM. The "good part" should be out of bankruptcy on May 27 the "bad part" will take awhile since it will involve selling of plants and other assets.

Edit: I was too late Camaro5 has a better detailed reply.

ArcAngel · 05-13-2009, 04:28 PM

Sure but the good part isn't gonna be a ok right off the bat.

SS 376 · 05-13-2009, 05:22 PM

Quote:

Originally Posted by camaro5

This has nothing to do with producing popular models.

You're right but the article says the "good" parts of Chrysler are Dodge trucks and the Jeep brand. Challenger is probably then lumped in with the "bad" part of Chrysler (Dodge cars) for now, even though it's a good model. That could be bad news for Challenger pre-orders?

Dan · 05-14-2009, 09:03 AM

It wont matter, if it takes that long Chrysler wont even survive it.

*Mr. Wyndham* · 05-14-2009, 10:40 AM

This is misleading.

It WILL only take 2 months to complete what matters. According to the article, the "good Chrysler" will be salvaged and spit out within the short amount of time mentioned. The rest...will be stuck in the courts for much longer. But those bits don't matter as they won't be part of the 'restructured' company.

This is NOT new news.

Muscle Master · 05-14-2009, 10:57 AM

05-13-2009, 03:48 PM	#1
SS 376 Drives: 2010 IBM 1SS (Former) Join Date: Feb 2009 Location: NoVA Posts: 2,031	Chrysler bankruptcy could take 2 years, not 2 months http://www.autoblog.com/2009/05/13/t...years-not-two/ Man, if I had a Challenger pre-order...

05-13-2009, 04:12 PM	#2
ArcAngel Drives: 07 Black Cobalt SS/SC Join Date: Aug 2006 Location: Manalapan-NJ Posts: 2,872	Ahahahahahahahaha they had everyone believing it would go quick and painless wait till you see how long GM's takes __________________ Through HIM you believe in GOD, who raised HIM from the dead and Glorified him..

05-13-2009, 04:28 PM	#5
ArcAngel Drives: 07 Black Cobalt SS/SC Join Date: Aug 2006 Location: Manalapan-NJ Posts: 2,872	Sure but the good part isn't gonna be a ok right off the bat. __________________ Through HIM you believe in GOD, who raised HIM from the dead and Glorified him..

05-14-2009, 10:40 AM	#8
Mr. Wyndham I used to be Dragoneye... Drives: 2018 ZL1 1LE Join Date: Jan 2007 Location: Buffalo, NY Posts: 31,873 View My Garage	This is misleading. It WILL only take 2 months to complete what matters. According to the article, the "good Chrysler" will be salvaged and spit out within the short amount of time mentioned. The rest...will be stuck in the courts for much longer. But those bits don't matter as they won't be part of the 'restructured' company. This is NOT new news. __________________ *"Keep the faith."* - Fbodfather

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05-13-2009, 04:15 PM	#4
BigRigMike Drives: 2010 Ford Fusion Join Date: Aug 2008 Location: York, PA Posts: 374 View My Garage	As they say in the article they are breaking the company in two as was suggested for GM. The "good part" should be out of bankruptcy on May 27 the "bad part" will take awhile since it will involve selling of plants and other assets. Edit: I was too late Camaro5 has a better detailed reply.

05-14-2009, 09:03 AM	#7
Dan Drives: 2004 GTO Join Date: Jul 2007 Location: Montgomery, AL Posts: 448	It wont matter, if it takes that long Chrysler wont even survive it.