Chrysler Files for Bankruptcy
Submitted: Friday, May 01, 2009 at 07:07
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Saharaman (aka Geepeem)
Chrysler filed for bankruptcy protection Thursday April 30 and said it will temporarily halt most of its vehicle production while it completes a deal to join forces with Italian carmaker Fiat. The nation's third-largest automaker was sent to bankruptcy court after a holdout group of creditors refused to budge on proposals to reduce Chrysler's $6.9 billion in secured debt.
Interesting days ahead for auto industry....
Reply By: Michael ( Moss Vale NSW) - Friday, May 01, 2009 at 07:19
Friday, May 01, 2009 at 07:19
The way our government is shelling out money at the moment, Australia will be looking for a buyer also!! We could merge with China, lucky the Pm can already speak Cantonese so the negotiatios are probably already underway!! LOL!! Sad to see Chrysler in this trouble, they have been leaders in the last decade of innovative vehicles, moreso than GM or Ford.. Michael
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Reply By: Member - Reiner G (QLD) 4124 - Friday, May 01, 2009 at 08:52
Friday, May 01, 2009 at 08:52
I thought Chrysler was bought out by Mercedes Benz years ago??
Reiner
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Follow Up By: Axel [ the real one ] - Friday, May 01, 2009 at 08:59
Friday, May 01, 2009 at 08:59
No one really knows who owns what any more ,, bit like Harleys claim to be "all American " yeah right , wheels from Australia , brakes from Italy ,tires from Japan ect ect........
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Follow Up By: Member No 1- Friday, May 01, 2009 at 09:11
Friday, May 01, 2009 at 09:11
Harley now make the wheels...in Australia
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Follow Up By: GoneTroppo Member (FNQ) - Friday, May 01, 2009 at 09:48
Friday, May 01, 2009 at 09:48
Correct Mercedes and Chrysler merged a few years ago.
Eventually MB realised that Chrysler was a basket case and flogged it off to one of those private equity mobs who then set about proving MB right.
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Follow Up By: Member - Matt M (ACT) - Friday, May 01, 2009 at 09:49
Friday, May 01, 2009 at 09:49
He, he. More American manufactured parts on a Honda Goldwing than on a Harley.
Not that Harley riders like having that pointed out.
Matt.
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Follow Up By: happytravelers - Saturday, May 02, 2009 at 08:39
Saturday, May 02, 2009 at 08:39
Daimler split from Chrysler over a year ago, once the current supply contracts expire there will be no more Mercedes engines and transmissions in their products.
Jon
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