Here’s an ominous observation we stumbled across on the New York Times website – want to have a stab at what all those map points are for?
Tag Archives: Chrysler
The band is about to stop in the big game of Manufacturer Musical Chairs, and Fiat – having already snapped up Chrysler – looks set to get its hands on GM Europe too.
Chrysler is bankrupt. To a British ear that sounds pretty stark, but in the US it means something rather different – ‘chapter 11 bankruptcy‘. It will keep operating, but it will be able to fend off its creditors and try to renegotiate its debts.
If GM got a bit of a kicking fom the Obama administration, how about Chrysler? The President’s team has said it doesn’t believe Chrysler can survive alone, so if it doesn’t finalise the deal with Fiat within the next 30 days, it gets no more Government money. Which would inevitably leave it bankrupt.
Winner of the Hire Car Nightmare Award… So bad, even the man at Hertz will wince apologetically as he hands you the keys. This car has no reason – no right – to exist.
So Chrysler is going to bed with Fiat. These are among the most promiscuous companies in the industry, and right now they both have ‘desperate’ tattooed across their foreheads. Can they turn this into a successful long-term relationship?
Welcome to the Detroit show, where the spotlight’s firmly on GM and Chrysler. Chapter one of a Great American Comeback story – or an obituary? As far as I can see it’s one of each. GM might just pull through, but Chrysler doesn’t stand an earthly.
It seems incredible now we look back on it, but 2008 started in a fairly ordinary way. The Foreman spent his time trying to work out what the car companies would do next. By the year’s end, it was all about working out which one of them would survive.
Most Talked About
Most Popular Tags