Chrysler is a fun mess
It’s pretty interesting what’s going on with Chrysler right now.
30-60 days for bankruptcy court filled with politics.
Also to note is that some investment firms and hedge funds are secured creditors that could actually want the land instead of a part of a broken company.
A UAW health care trust fund that is owed money by Chrysler, but Chrysler doesn’t have the money so it’s turning over 55% of the equity! Though Fiat will likely be the one in charge along with the government.
The company should be liquidated; it doesn’t make sense anymore, sorry folks.
