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MiscellaneousChrysler Filing for Bankruptcy, Fiat Deal Still Possible
Posted by mike on 2009/4/30 10:01:07 (1946) reads

From CNN (and probably a zillion other news sources)...

Chrysler LLC is going to file for bankruptcy, an administration official confirmed to CNN Thursday.

The filing comes after some of the company's smaller lenders refused a Treasury Department demand to reduce the amount of money the troubled automaker owed them.

Chrysler officials had no comment on the bankruptcy report. The company faces a Thursday deadline from the Treasury Department to reach deals with creditors who had loaned the company about $7 billion.

But the filing will not mean the halt of operations or liquidation for the troubled 85-year old automaker. Instead, the administration expects to use the bankruptcy process to join Chrysler with Italian automaker Fiat.

What will Chrysler and the Jeep brand look like when they emerge?

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Poster Thread
Posted: 2009/4/30 20:16  Updated: 2009/4/30 20:16
Just popping in
Joined: 2009/4/30
From: Los Angeles
Posts: 1
 Re: Chrysler Filing for Bankruptcy, Fiat Deal Still Possible
I don't know how this recovering from Bankruptcy idea from Chrysler is going to work out. Thinking over between owing est. 7 billion to numerous financial companies and guaranteeing non-liquidations and continuing operations without ceasing. It seems too optimistic and unrealistic to me because of lack of funds that Chrysler has to offer. In my opinion, it looks like the opposite might happen instead of the optimism. Chrysler may be liquidated, split into 3 individuals manufacture and be sold to another company.

Jeep has been profitable and the only company that helped keep Dodge and Chrysler alive. I don't think it's a curse, an underground samaritan because it also helped AMC, Kaiser, Willys and Bantam.

If Jeep does go on its own Corp, it may get some technologies from Chrysler and maybe Hummer. This is a predicted line up and this time with Pickup trucks:

1. Commander, Compass, Patriot, and Liberty, farewell.
2. Wrangler line up by 3 4x4 only models, 2 and 4 door and JT pickup called "Scrambler"
3. Grand Cherokee remain only unitized body 4x4
4. Cherokee Compact SUV and Comanche Compact single and crew cab pickup, if given Dakota chassis.
5. Gladiator J10, 20, and 30 and HD, if given Ram chassis.
6. Grand Wagoneer, if given Ram chassis
7. All Chrysler engines will be replaced by Jeep's new and improved engine technology, as well as alternative fuels such as electric, hybrid and fuel cells.
8. If given Cummins Diesel as an option

I hope this may work out for the new Jeep and I would be thrilled to fix, purchase and drive a new and improved Jeep.

Poster Thread
Posted: 2009/4/30 22:13  Updated: 2009/4/30 22:13
Just popping in
Joined: 2007/8/21
Posts: 17
 Re: Chrysler Filing for Bankruptcy, Fiat Deal Still Possible
you forgot to add the new amc car division of jeep corp. with the amx, javelin, and rebel. now we just have to wait for the new gen 4 amc v8....

i think if that happened the world would explode.

Poster Thread
Posted: 2009/4/30 10:50  Updated: 2009/4/30 10:50
Home away from home
Joined: 2002/3/22
Posts: 247
 Re: Chrysler Filing for Bankruptcy, Fiat Deal Still Possible
I just talked with my local dealer, and he said, which makes sense, that the Bankruptcy is being filed to force the Hedge-Fund creditors to accept an amount that is fair to all parties involved and that will make the Fiat deal happen.

Either way, if Chrysler were liquidated, Jeep would probably emerge as a stand-alone corporation...Then they would be free to build Scramblers, Pick-up's, EV's and Diesels. If they were bought out, they would still be a semi-independent division of the company that bought them out.

Poster Thread
Posted: 2009/4/30 14:34  Updated: 2009/4/30 14:34
Quite a regular
Joined: 2006/4/25
Posts: 59
 Re: Chrysler Filing for Bankruptcy, Fiat Deal Still Possible
That is not what I heard. I hear that there were 3 holdouts to the pre-bk agreement. All hedgefunds. The reason they held out was because they figure they could get more $$$ in bankruptcy court vs the losses they would take in the pre-bk agreements.
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