Chrysler sold

[03cobrablack]

that would probably be the dumbest thing they could do...

you mean besides buying an American car company????

 

[OCSnk]

Regardless of who owns Chrysler, the company is selling too few vehicles to maintain current labor and infrastructure. New management will likely dump 20-25% of hourly workers, a good chunk of salaried employees, reduce benefits (current and retired), close several factories, and discontinue some models. Assuming they retain of design/engineering expertise to make better vehicles, then a leaner/meaner Chrysler will emerge. At which point, Cerberus will sell and collect a tidy sum.

If such management does not emerge, then they will pillage the companies nearly drained coffers, declare bankruptcy, dump the pensions, and then sell the company off in pieces.