Chrysler Files for Bankruptcy

Author: OuttaTime
May 5, 2009
Chrysler Files for Bankruptcy

For several decades, Americans have enjoyed cars made by renowned automobile manufacturer Chrysler.  Chrysler was an industry pioneer, and many of its spinoff brands hold a special place in the history of automobiles.  In the 1980s, Chrysler came upon tough times, but recovered with the invention of the minivan.  The Dodge minivan was arguably the first, and captivated Americans for decades.  However, rising gas prices caused the minivan to fall out of popularity in the 2000’s, in addition, Chrysler failed to create a lot of other cars that Americans wanted to buy.  Chrysler lost sales to foreign auto manufacturers for years, and in 2009, they will file for bankruptcy.  While most predict Chrysler will emerge from their bankruptcy stronger than they were before, it’s still a question as to whether Chrysler can create a new line of cars that people want to buy. 

 

No matter what happens in the future, Chrysler will have a special spot in American history.  Chrysler collectibles like the Chrysler watch might soon become true collector’s items as the company that made the collectibles famous could disappear.

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