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JPMorgan Suggests Chrysler Sell Jeep, Dodge Ram To Prevent Bankruptcy 05/07/2008 00:56. New York, NY (AHN) - A JPMorgan analyst warned that Chrysler is at
risk of bankruptcy as it is hit by the triple force of high pump
prices, an economic slowdown and an expected decline in sales of
trucks. Other than to file for bankruptcy, the next viable option
for the third largest vehicle maker in the U.S. would be to sell
its Jeep and Dodge Ram brands by early 2009. JPMorgan auto analyst Himanshut Patel said the two other U.S. carmakers, General Motor and Ford, would likely hurdle the challenges of the auto industry in 2008 and even manage to have a profit in 2010. Patel's analysis contrasts with a note by Merrill Lynch auto analyst John Murphy, who wrote that GM may also face bankruptcy proceedings if the automobile market continues to plummet and it fails to raise a significant... // AHN |