Whats everyones opinions? They seem to have been condemned to rental fleets and their 'lifetime warranty' is very hollow upon researching it. Are they gonna be belly up in a few weeks, months, years?
Whats everyones take on the new buy-out by Cerberus, as of December of 2007 Chrysler was operationally bankrupt and operating soley on the money put up by Cerberus
"Someone asked me, 'Are we bankrupt?'" the Wall Street Journal quoted Chrysler boss Robert Nardelli telling employees at a meeting earlier this month. "Technically, no. Operationally, yes. The only thing that keeps us from going into bankruptcy is the $10 billion investors entrusted us with."
10 billion is quite alot of money, but not enough to keep a company that big thats losing money that quickly for much more than a year if that.
Whats everyones take on the new buy-out by Cerberus, as of December of 2007 Chrysler was operationally bankrupt and operating soley on the money put up by Cerberus
"Someone asked me, 'Are we bankrupt?'" the Wall Street Journal quoted Chrysler boss Robert Nardelli telling employees at a meeting earlier this month. "Technically, no. Operationally, yes. The only thing that keeps us from going into bankruptcy is the $10 billion investors entrusted us with."
10 billion is quite alot of money, but not enough to keep a company that big thats losing money that quickly for much more than a year if that.