Chrysler Bankruptcy

The Detroit based car manufacture is currently on the verge of bankruptcy and it’s starting to close up the gates on their dealerships around the nation. Starting from June 9th, Chrysler is expecte to shut down 789 dealerships from the total of 3200 all around the US. The marked dealerships received the bad news yesterday [...]

These are some tough times for Chrysler as everything points to a bankruptcy. The company was hoping that the US Treasury Department would reach an agreement with the lenders of the car manufacturer, however, the negotiations were stalled and then broken down. Chrysler will now file bankruptcy under Chapter 11 protection, and they will be [...]