Chrysler files Chapter 11 bankruptsy

Actually, it's a slick move. It halts all payments that need to be made and gives them alot of time to hem and haw over stuff with Fiat who also new ahead of time this would happen. It gives Fiat and Chrysler time to talk, hammer out a few things and keeps the wolfs off there backs. Less pressure from the outside world.

This is a good thing, not a bad thing.

My feelings exactly. I'm surprised they didn't do it earlier.