So, it has come to this. For all the hubris, for all the federal government using its unique position to influence a judge's decisions, Chrysler may still go under.
From TFA:
Chrysler sales are now running at the rate of 750,000 a year. It probably does not have the capital to wait through another year of low US car sales with a market share that is almost certainly to stay below 8%. It does not have models tailored to the current market tastes. Chrysler is going out of business. The company just hasn't made it official. |