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Chrysler may be on road to bankruptcy
Analyst: Chrysler, not General  Motors, in biggest danger
New York Daily
News
(Enlarge photo)
06/07/2008 06:48. Faced with soaring gas prices, a sputtering economy and a rapid US market shift away from trucks, the US auto industry's weakest player, Chrysler, may have to file for bankruptcy or sell its storied Jeep and Dodge Ram brands as early as next year, JPMorgan said.

But rivals GM and Ford are likely to get through the rough patch and turn a profit in 2010.

JPMorgan auto analyst Himanshu Patel dismissed the possibility of an imminent bankruptcy at GM, saying in a conference call with investors and media that such fears "are completely overblown." The day before, GM shares slid to a 54-year low after Merrill Lynch auto analyst John Murphy wrote in a note to investors that a GM bankruptcy "is not impossible if the market continues to deteriorate and significant incremental capital is not... // WA today

Total: 16 news articles, 1 photos
First News Article: Forbes, 04/07/2008 07:08


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