If you build a better mousetrap, the saying goes, the world will beat a
path to your door. If you invent the minivan, though, you eventually
end up in bankruptcy, apparently. Chrysler
LLC, after narrowly avoiding bankruptcy in the last deep recession in
1980 and paying back the government loan that saved them three years
later, filed for Chapter 11 yesterday.
Look,
I’m from Detroit and thus incapable of driving a foreign car, and would
only drive a Chrysler if even a Toyota were not available. They’re not
so good, although Jeep retains a good reputation and the Chrysler 300
was a nice ride. But when you can invent the vehicle that has become
shorthand for boring sexless parenting and still be on the brink of
going out of business? Something’s messed up.
Thinking about following Chrysler into bankruptcy court? Forget about getting foreclosure relief that way, after a bill to....
Read More...
