Chrysler - In bankruptcy
Chrysler has officially entered bankruptcy, to take over Fiat urmnd as a 20% stake in U.S. manufacturer, it can reach up to 35% through investments, thus becoming the first automaker Chrysler in the U.S. that requires declasanrea bankruptcy proceedings.
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As a result of decreased sales and a failure to reach an agreement on debt restructuring, Chrysler has come (who is thinking just two to three years this?) Have impressive debt to the U.S. Treasury, being unable to and more finance activity.
Chrysler's gesture was welcomed by Ba rack Obama as the onset of bankruptcy proceedings means that the 30,000 employees will come under the protection state can not be thus lost their jobs.
It also includes the partnership with Fiat and the possibility that after the American company and pay debts to the U.S. Treasury, the Italian car manufacturer to reach a majority stake of 51% at Chrysler.
Besides the stake taken by Fiat, medical insurance fund of the union federation in the auto industry (United Auto Workers) will take 55% of the company, while the U.S. and the Canadian will jointly own 10%.
Analyzing why Chrysler has just arrived in a position to go bankrupt, we can see the inevitable situation. So talk of a company that was founded in 1925 and which collapsed due to total dependence on the U.S. automotive market, as you know strongly affected by global economic crisis, but also carefully because of the low quality of cars (like the believes in America) and the portfolio consists almost exclusively of SUVs with a high consumption of fuel, which dropped the first Americans covered by crisis.
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