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 […]
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 […]
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 […]