These affect every carmaker, so if Chrysler is allowed to drown, what good has any of the restructuring done? I read in BW last night that even though Toyota and Honda are rich enough to avoid bankruptcy, it has not prevented them from seeking hold-over money from the Japanese Government. So also, what good comes from allowing the Asian companies to be the only companies to resurface when people start spending again? Like I've said many times, I think the major perpetrators to this problem is our federal government and they owe it to the D3 to see them through this mess.
Something that could have been mentioned in this report is that,unlike GM, we pretty much know everything there is to know about Chrysler's viability plan. It includes a small-car platform that is fuel-efficient with low CO2 emmissions, will pay back the taxpayers in five years max and seems to be everything the Fed is asking for. The only thing missing is credit and the will to start spending again.