junkbmw

Chrysler's Response to Indiana Pension Funds

The legal issue may have merit but it doesn't matter because there is no working capital to run the business. Without a buyer who is willing to invest additional billions in work. capital or a willing DIP lender there is no ongoing Chrysler. That is why a political settlement is the only solution. Presumably the government wasn't that stupid to ignore other buyers - Nissan, etc. if they wanted to pay more. None do because they have to invest billions more. That is why the lenders conceded to a settlement. If the lenders including Indiana pension want to lend additional money to preserve their secured investment let them but I don't see anyone stepping up nor has anyone since December.