Let's take a look at why Chrysler is in Chapter 11 bankruptcy.
Chrysler got $4 billion from TARP. It wasn't enough. They asked for another $5 billion. Obama said "No!". Chrysler will close 789 dealerships affecting 40,000 jobs.
This map shows the names and locations of the 789 dealers Chrysler plans to close, about a quarter of the 3,200 total.
Here is what I see from Chrysler's recent world domination strategy and costs.
Daimler Chrysler to build new India plant by 2009
50 million Euros = 67.37 million U.S. dollars
Chrysler bankruptcy has little impact on China market
Chrysler Still Hopes To Form New JV In China
Saltillo, Mexico named as home to second Phoenix V-6 engine plant-- $570 million plant to begin production of fuel-efficient engines in 2009-- $3 billion Chrysler Group Powertrain Offensive part of 'Recovery and Transformation Plan'
The bailout money is going OFFSHORE!
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