Chrysler is worth saving too

Here a few numbers to chew on if Chrysler were to go under. Take this with a grain of salt because these estimates come from Chrysler so it may be inflated:


“According to the turnaround plan Chrysler has filed with the government, a liquidation would leave $20 billion in health care coverage for employees, retirees and its family unpaid, as well put $2 billion in annual pension payments at risk. The closing of its dealerships would cost 140,000 jobs.

Due to the domino effect that would create, Chrysler estimates 2 million to 3 million jobs would be lost nationwide within three years, reducing household income by $150 billion a year, and cutting tax collections by an average of nearly $40 billion a year.

With all that in mind, one expert said the best reason for the government to keep Chrysler alive is that the economy and industry are too weak right now to weather even a controlled shutdown. “


Hopefully they strike a deal with Fiat and pull some kinda magic trick outta their ass. And remember, this is Chrysler, the company that even I said “the hell with.” Imagine what the repercussions would be if General Motors went under. Chrysler is number 4 just barely ahead of Honda. GM is number 1. You do the math.