So who thinks Chrysler's Bankruptcy is... - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

Design1stCode2nd · 04-30-2009, 12:30 PM

A test run for GM? GM is in the same boat with bondholders that Chrysler is/was. Perhaps the Gov is testing the waters with Chrysler since it's alot smaller?

Crowley · 04-30-2009, 12:33 PM

My best guess is that GM will follow as well ... Both companies will come out leaner and better able to compete ..

Crowley

BigRigMike · 04-30-2009, 12:36 PM

I think that Chrysler is the warning shot to bondholders that are not willing to renegotiate with GM. This shows that bankruptcy is an option that can be used for GM if necessary.

Hylton · 04-30-2009, 12:36 PM

After I heard what the GM bondholders want, GM is definitely going under.

Hylton · 04-30-2009, 12:38 PM

Quote:

Originally Posted by BigRigMike

I think that Chrysler is the warning shot to bondholders that are not willing to renegotiate with GM. This shows that bankruptcy is an option that can be used for GM if necessary.

That's not a warning shot to bondholders as they will end up with a huge chunk of the company should GM go Chapter 11.

Tomash · 04-30-2009, 01:59 PM

Chrysler was considered doomed for at least 3 months now, but its bankrupcy still serves as a good threat to everyone involved thinking "GM should do it my way, no matter the cost". I hope they will wake up and let GM prevail though. We wouldn't like Toyota or Honda to own Chevrolet brand, right?

stovt001 · 04-30-2009, 04:21 PM

My first thought when I heard Chrysler was going into Ch. 11 was that it would essentially be a trial run for a larger GM process. And bad bankruptcy at Chrysler would be less catastrophic than a bad bankruptcy at GM.

Blownhotrodder · 04-30-2009, 09:12 PM

Id be surprised if GM doesnt follow.

04-30-2009, 12:30 PM	#1
Design1stCode2nd Drives: four wheels Join Date: Oct 2007 Location: usa Posts: 585	So who thinks Chrysler's Bankruptcy is... A test run for GM? GM is in the same boat with bondholders that Chrysler is/was. Perhaps the Gov is testing the waters with Chrysler since it's alot smaller?

04-30-2009, 12:33 PM	#2
Crowley Okie doke Drives: 2012 GT500 Join Date: Sep 2008 Location: McKinney Texas Posts: 3,568 View My Garage	My best guess is that GM will follow as well ... Both companies will come out leaner and better able to compete .. Crowley __________________

04-30-2009, 12:36 PM	#4
Hylton Drives: fanboys and ass kissers crazy. Join Date: May 2008 Location: Ottawa, Ontario Posts: 7,280	After I heard what the GM bondholders want, GM is definitely going under. __________________ "BBOMG - More than just a car show.... It's an experience!"

04-30-2009, 01:59 PM	#6
Tomash Drives: (black 2SS Camaro), Suzuki SX4 Join Date: Jun 2008 Location: Poland Posts: 204	Chrysler was considered doomed for at least 3 months now, but its bankrupcy still serves as a good threat to everyone involved thinking "GM should do it my way, no matter the cost". I hope they will wake up and let GM prevail though. We wouldn't like Toyota or Honda to own Chevrolet brand, right? __________________ http://tomash.soup.io/ -- lots of awesomely funny stuff from all over the internets http://tomash.wrug.eu/ -- personal homepage & techblog

04-30-2009, 04:21 PM	#7
stovt001 Drives: 2006 Cobalt, 2004 Taurus wagon Join Date: Oct 2007 Location: California Posts: 3,812	My first thought when I heard Chrysler was going into Ch. 11 was that it would essentially be a trial run for a larger GM process. And bad bankruptcy at Chrysler would be less catastrophic than a bad bankruptcy at GM. __________________ "It's kind of fun to do the impossible" - Walt Disney There's a great big beautiful tomorrow shining at the end of every day There's a great big beautiful tomorrow Just a dream away

04-30-2009, 12:36 PM	#3
BigRigMike Drives: 2010 Ford Fusion Join Date: Aug 2008 Location: York, PA Posts: 374 View My Garage	I think that Chrysler is the warning shot to bondholders that are not willing to renegotiate with GM. This shows that bankruptcy is an option that can be used for GM if necessary.

04-30-2009, 09:12 PM	#8
Blownhotrodder Drives: 2018 ZL1 1LE Join Date: Dec 2008 Location: Clarkesville , GEORGIA Posts: 1,859	Id be surprised if GM doesnt follow.

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