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Author Topic: Chrysler to get up to $8B from govt for bankruptcy  (Read 502 times)

Bindare_Dundat

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Chrysler to get up to $8B from govt for bankruptcy
« on: April 30, 2009, 05:28:48 PM »
WASHINGTON (AP) - Chrysler will file for Chapter 11 bankruptcy protection in New York on Thursday and will be eligible for up to $8 billion in federal aid to rebuild the ailing automaker, according to senior administration officials.


The officials say bankruptcy is necessary after talks with some of Chrysler's holdout creditors over the company's $6.9 billion in debt fell apart last night.

The officials requested anonymity because the details have yet been released.

The nation's third-largest automaker has already received $4 billion in government loans.

The officials say they expect the bankruptcy to last only 60 days, giving Chrysler time to finalize a partnership with Italian automaker Fiat.

Chrysler will continue to make cars and honor its warranties during that time.
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240 is Back

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Re: Chrysler to get up to $8B from govt for bankruptcy
« Reply #1 on: April 30, 2009, 05:40:50 PM »
careful.  if you talk about moving anyone out of the boardroom in return for all that free $, the bush lovers here will call you a marxist.
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Fury

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Re: Chrysler to get up to $8B from govt for bankruptcy
« Reply #2 on: April 30, 2009, 05:44:01 PM »
Cerberus should be forking over that cash.
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tonymctones

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Re: Chrysler to get up to $8B from govt for bankruptcy
« Reply #3 on: April 30, 2009, 06:31:17 PM »
CALLED IT...SPENDING INTO OBLIVION, CHANGE YOU CAN BELIEVE IN FOLKS
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Soul Crusher

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Re: Chrysler to get up to $8B from govt for bankruptcy
« Reply #4 on: May 01, 2009, 10:14:48 AM »
Quote from: tonymctones on April 30, 2009, 06:31:17 PM
CALLED IT...SPENDING INTO OBLIVION, CHANGE YOU CAN BELIEVE IN FOLKS

This is another Obama black hole of $$$$ that will cost of billions on billions of dollars for garbage products.
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Bindare_Dundat

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Re: Chrysler to get up to $8B from govt for bankruptcy
« Reply #5 on: May 01, 2009, 10:17:59 AM »
Giving more money to a company that can't pay it back. Is that how investing works?





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Soul Crusher

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Re: Chrysler to get up to $8B from govt for bankruptcy
« Reply #6 on: May 01, 2009, 10:23:59 AM »
Quote from: Bindare_Dundat on May 01, 2009, 10:17:59 AM
Giving more money to a company that can't pay it back. Is that how investing works?

When you have never had a job in your life and you think you are the Messsiah, does it really matter anymore????

This truly is a disgrace. 
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