Comments on: Chrysler could run out of cash by 2009

By: DrFill

DrFill — Tue, 25 Nov 2008 05:16:02 +0000

Ford is no better
They just got a line of credit when things weren’t this bad
They really only have $17-8 Billion, plus a credit line
They all may not make it to the finish line (Obama)
DrFill

By: cereal

cereal — Tue, 25 Nov 2008 01:36:54 +0000

Try getting out now, Chrysler. My money is not going to you to spend on your little CEOs and un-updated POS.
Shape up. Or … is it already too late?

-eat your cerea.

By: The Stig

The Stig — Mon, 24 Nov 2008 23:24:32 +0000

Bob “Golden Parachute” Nardelli was supposed to not be paid anything until Chrysler was profitable.

By: RaineMan

RaineMan — Mon, 24 Nov 2008 20:29:07 +0000

Well… when they were first bought out I said they’d be gone by 2010… what do ya’ know… it’s coming up fast.

By: beemerdude

beemerdude — Mon, 24 Nov 2008 19:13:39 +0000

Lariat Luxury Locomotive Liner No.3:

Would YOU buy a vehicle from a company that is in bankruptcy (Chapter 11 version)??

No one will. So essentially, this has the same affect as going out of business entirely.

Filing Chapter 11 will be a death sentence for the American automotive industry. Just a step toward complete liquidation (Chapter 7).

RE: Chrylser
Interesting how a privately held company (that doesn’t have to show its books) goes to the public when begging for money!!

By: elviososa

elviososa — Mon, 24 Nov 2008 18:41:45 +0000

Payton Byrd….if you filed for bankcrupt, you would still have the money from your wife. Just make sure you and your wife are on the different financial paper. It’s not the end of your life.

By: pzimet

pzimet — Mon, 24 Nov 2008 18:21:56 +0000

Jesus christ, these guys are ****ed.

By: freeyellow2000

freeyellow2000 — Mon, 24 Nov 2008 17:01:40 +0000

If Chrysler is begging for money…. they should have to release their financial statement, I wouldn’t take Chrysler word for it as they are a private corp and have there is no way we can verfy that fact. Heck they don’t even have to release their profits statement or compensation package of executives

In my eyes…. have they file C11 first and they the gov’t will help

By: Lariat Luxury Locomotive Liner No.3

Lariat Luxury Locomotive Liner No.3 — Mon, 24 Nov 2008 15:26:10 +0000

Cerberus is a private company with many, many, many other assets they can sell to help Chrysler. Chapter 11 does not mean a company is going of business nor does it guarantee a company will go out business going out of business should they file for Chapter 11; Chapter 9 is a different story. These are the laws we have established as a nation for these situations. Remember, Cerberus and Chrysler are private companies.

By: Payton Byrd

Payton Byrd — Mon, 24 Nov 2008 15:10:02 +0000

@elviososa

Chapter 11 is the only way to go out of business.

By: Veda

Veda — Mon, 24 Nov 2008 15:09:23 +0000

This just makes Ford looks so much better. It’s not surprising if Chrysler dies first. As a tax payer I wouldn’t want my money to go down that drain.

By: elviososa

elviososa — Mon, 24 Nov 2008 14:50:59 +0000

Chapter 11 is the only way to cut cost!

By: Lau

Lau — Mon, 24 Nov 2008 14:49:13 +0000

Is this the UAW’s fault? I’m not sure because I don’t know the background info.

By: mayer_ray_nagin

mayer_ray_nagin — Mon, 24 Nov 2008 14:46:59 +0000

$6B in payroll and $20B for healthcare? Huh? How many retirees does Chrysler have?

Seriously, assuming they are forking ou $1k/month per employee or retiree, they would be paying for about 175,000 people. If 56,000 are current employees, then 120,000 are retirees. That’s sick, but it is in line with the ratios that the GM video put out. No way that is sustainable.