I am tired of the obvious conflicts on interest on this board. Chrysler employees want you to buy Vipers, they cannot a buyer's interest at heart. Witness all those threads about the Conner plant going on, contrary to credible articles in the press, when we are obviously looking at the end of the Viper.
I believe everyone who posts information regarding the issue is posting what they know, and their heart is in the right place on the subject. Conflict of interest isn't really an accurate or reasonable way to characterize the information being shared.
That said, one thing we all need to keep in mind is that anything can happen, and we won't know what will happen until after it has. I have been in the very painful position of having told employees that "everything will be fine, I've been assured of it" only to subsequently hear that "we, the Board, have found it to be in everyone's best interest to cease operations immediately." You just never know.
Like everyone else, I'm keeping my fingers crossed that "everything will be fine" and I'm not in a panic about it now that I've heard from Chris. That said, I have a big deposit on an ACR and I'm considering that money to be 'at risk' until I actually see the car. The facts of the BK filing seem to warrant that for the following reasons (this isn't rhetoric or speculation, and I'm not trying to stir anything up - I'm just relaying the facts as they've been released to the public via documents filed in court, and rulings made in court):
1) All plants are closing for 30 to 60 days. When they say "all" it seems reasonable to assume that means "all" - CAAP included. If there's a different definition of "all", so be it.
2) The sale of assets to the "New Chrysler" is expected to be completed in 30 to 60 days and CAAP is not going to be owned by the "New Chrysler". All indications are that the plant will be leased by the "New Chrysler" until Dec 31, 2010 so there's no problem there - production can continue on that basis.
3) Judge Gonzales refused to rule anything in favor of the dealership network this morning, which is a blow to the dealers. It's no new news that dealerships will be hit hard by the proceedings. It does open up some risk for some people who have deposits on their cars because those deposits are at risk if the dealership goes BK. At this point, nobody knows for sure which dealerships will be hit.
4) So far, no rulings have been made (to my knowledge) about payments to parts and services suppliers that support the Viper operations. So, it's safe to assume that they are not planning to continue investing time and money until they know they are going to be paid. This will likely throw an added delay to production schedules, but not the end of the world as long as production does indeed continue when all the rulings are in place.
5) The sale of assets to the "New Chrysler" will likely happen pretty quick, but the overall BK proceedings are going to drag out due to the mountain of motions being filed by creditors. Because of that, it is reasonable to assume that the purchase of Viper will be delayed. Probably not a big deal, but I have to remember the risk that "time kills all deals" and if things get delayed for too long, events may transpire that could jeopardize the deal. If a motion is made in court to allow the sale to happen, and Judge Gonzalez approves it, we'll all know very fast.
So, the gist of what I understand now is that Viper will almost definitely continue through 2010 whether a new buyer is secured or not, but it won't be "business as usual" for the rest of 2009. There will be delays in getting cars out of CAAP, and we need to keep that in mind and be ready for things to be in a "holding pattern" this summer. If I'm wrong about that, I'll be the happiest person around. But, in this particular situation, I think it is important for us all to set our expectations appropriately. It's probably not going to be business as usual on Monday morning, and we likely won't see any big forward movement for at least a month.