… and Chrysler goes “bang”

Chapter 11 filing today. Seems that the administration is thinking this will be a fast process.

I think the creditors think otherwise.

Chrysler may be worth more to them in a Chapter 7 liquidation than a Chapter 11 and section 363 scenario.

What does this mean to HPC? Potentially lots. Chrysler, and all of its suppliers and partners use quite a bit of HPC. Keeps costs down. If they emerge, I expect them to use even more HPC. If they don’t, and there is no guarantee that they will, then there will likely be a liquidation of assets, including their HPC assets.

This isn’t going to be pretty, or quick. Anyone thinking otherwise is fooling themselves.

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