[Sun]

“Just file Chapter 11 and be done with it.”

I’d have more faith in buying a Chrysler if they did that, because they would probably lose the union and have a chance at success.

[Liberty1970]

I wonder what this is going to do to the supply base. I think it is not a surprise, but I just keep expecting any day to hear of Lear or American Axle or TRW going belly up, followed by a steady flow of additional bankruptcies. The UAW guys will get their pay, but the large non-union supply base is facing a lean winter.... (both the companies and the workers who are going to have a lot of spare time on their hands.)

I handle Chrysler products at a Tier 1. I wonder if I'm even going to have a job in the morning or much longer. :-(

[Sun]

If the govt. gives them a bailout, I believe they’ll need another bailout in a few months, and then another, and so on.

They need to restructure and get rid of the unions if they are to ever start making a profit again.

Here’s an interesting take:

“What’s Good for GM/Chrysler is a Chapter 11 Filing”