Downstream Effects of GM and Chrysler Chapter 11 Cases
Friday, May 29th, 2009Chrysler 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 […]