Financial Information
Talks to Reduce Chrysler’s Debt Break Down
reduce debt
American automaker Chrysler may be forced to file chapter 11 bankruptcy after talks with hedge funds broke off. The talks were aimed at reducing Chrysler’s debt before a midnight deadline. (April 30)
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#2 written by taineasy 1 year ago
The bankrupcy has been part of the plan all along. Its only to take out the small bond holders and allow Chrysler to reduce its dealer count in the US without lawsuits. My guess is a 30 day bankruptcy and they are off and running. it may be a US bankrupcy only and not in Canada. After that it time to kick import ass! Remember Pearl Harbor when you go to buy your next new car.
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#6 written by pig5689 1 year ago
Sounds like the same old greed over and over – “hedge funds” waiting for bailout billions so they can fatten their wallets & collect ill-gotten bonuses. Greed, greed, greed. Shame on any executive of any bank, investment firm or hedge fund who still considers greed & bonuses a priority. You would think they had learned a lesson by now, but I guess some people you just can’t reach. If these greedy execs keep up their nonsense they’ll end up on the street with nothing but a hobo stick.
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#7 written by oFamous1 1 year ago
Gee, I have a hedge fund and make a lot less than 100k a year.
I even own a Dodge Ram. I will never buy another GM or Chrysler vehicle again because the unions have fucked these companies over to the point that they have to give the company to the unions. What a fucking joke. I live in Detroit and have no sympathy for these fucking slugs that sleep on the line (which they do).
Fuck this president too. He’s a fucking socialist if there ever was one.
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wtf,do people even buy Chrysler’s any more? fuck them!