Archive for June, 2009

The Future of Chrsyler

Wednesday, June 24th, 2009

On Father’s day morning I watched the McLaughlin Group as I do most Sunday mornings. (Although I frequently turn off the sound while they shout over each other.) At the end of the show, John invites his guests to make a prediction and he makes one, too. John predicted that Chrysler will produce a car [...]

DOWNSTREAM EFFECTS OF AUTO BANKRUPTCIES II – SPRING HILL, TENNESSEE

Friday, June 12th, 2009

The news since May 1, 2009.

GM is closing 11 plants, “idling” 3 more, and closing 3 parts distribution facilities.

Fiat/Chrysler is probably closing plants, but there is no official word yet.

GM will layoff 21,000 (more) employees.

Fiat/Chrysler will layoff more employees, but we don’t know how many yet.

GM will reportedly terminate somewhere between 2000 and 2600 dealerships. [...]

Chrysler Chapter 11 email to Texas Bankruptcy Bar

Thursday, June 4th, 2009

The following is an email I sent to the Bankruptcy Section of the Texas Bar on May 14, 2009.
Dear Readers:
All of us who know a little about how bankruptcy really works have been amused and/or bemused by the whole notion that Chrysler would go through a “surgical bankruptcy” that would be completed within 60 to [...]

by Michael Baumer