Chrysler in my lifetime has been a company that manages a small profit in the best of times and is going out of business, always, in the worst. We are at such a low spot, again.
One of the problems here is that the Administration is beholden to the UAW. Things would be better if the Administration were in the position to tell the UAW, not listen to them.
As i write today is the deadline for the banks, bondholders, FIAT, and anyone else to make a deal or to BK court we go. I suspect this is also a way to leverage the GM deal by showing the Admin is serious about letting it go to court if a deal is not struck.
Chrysler in this environment has little to offer. A mediocre line of sedans, no economy car, a better truck than Chrysler used to make, an incredibly weak dealership network, hmmm, other than the votes from the UAW, there is not much to save here. The Admin has the upper hand as it is the only one that can or will put up the cash to keep the doors open.
Professor Elam 
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