Archive for May, 2009

Downstream Effects of GM and Chrysler Chapter 11 Cases

Friday, May 29th, 2009

Chrysler filed Chapter 11 on May 1, 2009. GM will almost certainly file on June 1.
The immediate consequences are clear for all to see. Chrysler will be sold to Fiat. Plants will close, employees will be laid off, dealerships will be terminated. How many people will be directly effected is not so clear. We don’t [...]

by Michael Baumer