The Pitch – Should Chrysler have filed Bankruptcy?

May 1, 2009 – 9:21 pm – No Comment

Can Chrysler make a comeback from bankruptcy?

Question:

Yesterday, one of the Big 3 U.S. automakers filed for bankruptcy protection. Chrysler hasn’t really had the best time during the current recession. Was filing for bankruptcy the right decision and can the company make a comeback?

Answer:

I feel as though Chrysler’s options were very limited. Bankruptcy was really the only way to ensure that the company sticks around in the future. Hopefully creditors will work with Chrysler on payments so the company may be able to turn a profit again sometime in the future.

I think that if Chrysler plays the right cards it can come out a stronger company…What doesn’t kill you only makes you stronger, right?

Have an idea or want us to use your pitch in the next issue? Then, make a submission on The Pitch Page.