Bankruptcy does not mean the company is going away. Chapter 11 is meant to restructure the business, usually by shedding unwanted debt or obligation. If they were filing for Chapter 7, total liquidation of the business, then they'd be closing down. In all honesty bankruptcy is probably one of the best things Chrysler can do right now if they want to survive.
Originally Posted by Opel Fan
Sorry -- here come my opinions...
I am very sad... I LOVE Pontiacs. I think the '69 Grand Prix was a landmark muscle/luxury car, and they have had so many other desirable performance cars before and after, leading up to what I assume was a great sports car -- the Solstice.
But when you sell a glorified Citation/Phoenix as a Pontiac (I'm referring now to ninety percent of the fwd cars they have sold since), and that Sunbird/Grand Am/G6 etc. is a fragile piece of crap, then what can you expect? And what was WITH those Pontiac dealers having the gall to GOUGE prospective buyers of Solstices, while they were virtually helping themselves go out of business...!!!?????
EVERY person I have worked with or been friends with who bought a Pontiac or Buick in the past eighteen years (about five people -- all the rest are buying foreign cars...) had a major engine component failure in the first 10,000 miles --- bad camshafts and bad oil pumps mostly, as I remember it. That's not a great record, especially if you've ever experienced a Toyota....
...and yet I still --- more than ever --- want to pick up a well-kept rare 4th-gen Firebird Formula convertible, even though I KNOW they are junky.... bad distributors, water-pumps, cooling systems, transmissions, suspensions, etc.
That's us Americans --- romantic to the end...!
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This isn't a matter of romantics. We used to build some of the best/most durable machinery and equipment in the world... what do we build now? garbage. If I am going to spend my hard earned dollars I am going to get the best thing I can possibly afford... "that best" has never been an American made car in my lifetime. The auto industry got fat and lazy, produced cheaper and cheaper products. World production capacity greatly outnumbers the number of cars that can be sold each year. This is called natural selection, the market needs to be thinned and I have no qualms to see if Pontiac, Saturn, or any other car make go away. In the end someone else in the end will step up to fill the holes they will leave.