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U.S. automaker Chrysler has just filed for chapter 11 bankruptcy.
Such a bummer!
britney spears? hahahahha
Rest in Peace, filed under Britney Spears lol
wishful thinking Perez?
why is this filed under britney spears?
They should blame themselves. Still tragicccbut filed under Britney Spears, u cant blame her for that Perez
and this is filed under britney spears?
honestly, are you RETARDED??? IT IS ACTUALLY great that they declared bankruptcy. They have been mismanaging their company for years. At least they didn't TAKE A HANDOUT from the government that would put us all in MORE MORE MORE DEBT!!! You are such a hater - calling people bitch and the c word. You need to shut up and get an education.
It's okay Chrysler will live on through Mercedes Benz.
all for u.s. made stuffs, but it's time we admit we suck at making autos. . .
I'm sorry, can you post how much money all of the taxpayers money was spent
DELAYING THE INEVITABLE? So are we all getting refund checks since our money went ABSOLUTELY NOWHERE?
Get rid of those stupid ass unions, no more overpaid salaries for unskilled labor.
Bankruptcy doesn't mean their dead. Like nickel said, this is a good thing. Fiat is buying into their company and they're rearranging their assets. How many times has Trump filed for bankruptcy? The man's not in the poorhouse.
they aren't going anywhere, and yes they are getting a "handout" they wont have to pay back creditors 8 billion.. it hurts everyone (us) BUT Chrysler.. educate yourself Perez.
aw, all fixed..
mario you are really dumb. i thought you actually follow the news but i guess you only read the headlines and cut and paste. obama has been saying for DAYS now that they are going to file for protection against creditors while they work out their merger with fiat and THE BANKRUPTCY MEANS THEY WILL SURVIVE and that a bright future is possible. wow man, pay attention!
Re: Vintage7787 – Yeah obviously you dont work for an auto company. My dad does and he gets paid a good amount of money for working in an unsafe environment. Unskilled workers, Id love to see people like you to even attempt to do what those workers do.
You obviously do not know much about business or business law. Chrysler will still function as an entity, but "regroup" financially.
It's a financial smoke break.
What do you pay your staffers? Because, I would fire them if I were you. Have you ever heard of news channels? Even my dead grandmother knew that Chrysler was going into bankruptcy and then merging with Fiat, to produce a stable company. You need to have better people around you. Why not hire me?
Damn this gay marriage thing is getting worn out. Perez why dont you revisit this subject when you actually have someone you want to marry. Drop it! 9 of 10 post are about it.
Does this mean this is the end of the ugly ass PT Cruisers??? I hope so, those cars are beyond ugly.
old people everywhere are heartbroken.
Hey Dumbass (Perez), RIP???
Chapter 11 does not mean the company is finished. It means they have protection from their creditors for a fixed period of time. They could emerge a smaller stronger company.
RIP - not yet dummy!
Figured this may happen eventually. Born, raised and still live in The Motor City. Chrysler has been around forever and this isn't the 1st time a bad economy has hit us. They'll restructure and bounce back you watch.
Re: nickelanddime – It's called freedom of speech….recognize
Hopefully we can add that stamp to this hateful site…soon!
Re: themeatshow – We suck at making auto's?? Have you ever seen a foreign made muscle car??? I think not, that's even if you remember the classic US made auto's. The 1st car ever made was a Ford. We're not called The Motor City for nothing.
Re: MichLuv – Wow! someone with half a brain. Chrysler WILL survive. This isn't the 1st tough economy it's gotten through.
Re: Sweet_Mischievous_Angel – They quit making PT Cruisers a few years back where have you been? I agree though they're butt ugly.
Actually everyone in the Detroit is relieved. This is a GOOD thing. The company will survive and actually come out better then ok. Did you not listen to Obama's speech? It was no bullshit.
"Such a bummer!"? Actually, "Such Obama" would be closer to correct. The government gave BILLIONS to Chrysler, then sent in their OWN people to advise Chrysler about the restructuring. Result? Chrysler goes bankrupt anyway! Then, Obama takes care of his UAW buddies by giving them over 50% of Chrysler's stock, pressures the banks that accepted stimulus money to write off most of Chrysler's debt, and now is about to give Chrysler 8 BILLION MORE! And guess who is PAYING for all of these billions going to Obama's friends in the UAW - YOU AND YOUR CHILDREN! Wake up people!
Wasn't This A "Given" The Day They Came Out w/ The PT Cruiser? Seriously People!
And I hope ALL those INVESTORS the company, stockholders, employees and UAW workers COUNTED ON for years and years……..
GET AS MUCH $$$ BACK AS THEY CAN FOR THEIR INVESTMENTS!!!!!!!!
Jeez Perez this has been all over Yahoo since this morning..if you weren't so busy drooling over your precious "Zacquisha" you probably would have noticed already
yeah, they're choosing bankruptcy over Obama's choice of union control. Smart move, Chrysler! Bad Obama, you're making MANY enemies.
OH PLEASE! These car companies knew years ago the terrain was changing, they could have thought ahead and MADE THOSE electric cars, retooled their factories and PRODUCED those hybrid vehicles, now they are going the WAY OF THE DINOSAUR - extinct. No sadness from me MOFOS.
The UAW has destroyed the auto industry with its stupid demands and high priced wages. They deserve to loose their jobs. Sadly, the high up pigs in the UAW will keep their jobs while the peons will be destroyed.
i could care less if all america's car-making factories go bankrupt. they don't know how to manage their money and have the nerve to ask the government for more money? not to mention who buys chrysler anyway?
Bummer? No. They didn't do their job right. They don't need anymore tax payers money to stay afloat. They should have filed for bankruptcy to begin with instead of throwing a temper tantrum demanding a bailout.
maybe if they didnt make hideous cars…..
Perez, you don't do enough research on some of the topics you try to write about. Chapter 11, do you even know what that means? Did you listen to Obama's VERY detailed speech on why this was happening and what the long term plan was? Doesn't seem so. The BK is to get rid of some bank debt only because the banks involved wouldn't agree to compromise. Chap 11 is a restructuring plan btw. Stick to vapid celeb stuff. You just don't know enough about anything else to be commenting on it.
RIP, Perez? Not quite - people/companies don't DIE just because of Chapt. 11!!! Come on.
Personally, I wish Chrysler had filed for it much earlier, like before taking money from us taxpayers. Most of us saw this coming anyways.. It was inevitable, really. And yeah, will we get a refund for our money spent which, obviously, did much of nothing???
Re: kerkieberkie –
Spot on - I agree completely.
Well, that's bad.
HaHa! Good Riddance Chrysler! Cheap ass auto maker. Notice how the foreign cars are doing fine. American cars are crap and now they're getting payback for making quantity over quality.
Does anyone have ice for that burn??
On Sunday, it came out that Erykah Badu made a pretty obvious dig at Iggy Azalea while hosting the 2015 Soul Train Awards. Talk about shade!
Related: What Is Iggy Wearing For A Hat?!
During her opening monologue, she joked:
[Image via Judy Eddy/WENN.]
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