A new Chrysler?
Chrysler recently met hurtles with when filing bankruptcy in hopes of allowing the Detroit automaker to become a part of Fiat. The hopes of a smooth transition were met with discouragement when Indiana pension funds contested the sale of Chrysler to the U.S. Supreme Court. All seemed to be hopeful and smooth through out this Detroit Bankruptcy; which also includes General Motors now referred to as Government Motors. If the sale falls through Chrysler is likely to begin closing doors and no more of the ugly vehicles will be available as shown below.
The new law suit by Indiana increases the anxiety of some of the workers in Michigan who are also feeling the pain of some of these auto giants. All seemed to be fine until this first road bump that the U.S. Supreme court supported. Justice Ginsburg allowed a "stay" to be put on the sale of Chrylser to Fiat. this not only affects Chrysler and the workers it also affects GM as the possibility for other bond holders to file suitl to recoup some of the loses when GM begins shedding some of it assets to recover.
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