Chrysler 2009 Studebaker 1933 - Mercedes-Benz Forum

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post #1 of 1 (permalink) Old 05-01-2009, 01:04 PM Thread Starter
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Chrysler 2009 Studebaker 1933

A little history lesson.

With Thursday’s filing, Chrysler became the first major American automaker to seek bankruptcy protection since Studebaker did so in 1933.


It was a humbling moment for the nation’s third-largest automaker, which recovered strongly after a near bankruptcy in 1979 with help from the Carter administration ...

Bringing to bear his White House megaphone on Thursday, Mr. Obama laid out the terms of a deal that he said would save well over 35,000 jobs.

And with a hint of anger, he railed against the holdout lenders, now effectively a hostile group of business partners, whom he called “speculators.”

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