I looked up their income statement; they made a gross profit of 1.26B on a revenue of 4.27B last year. Unless, things are much much worse this year (they probably are), I would think they may survive with a Chap 11 rather than liquidate.
As a comparison, If I remember, Lucent was in far worse shape, almost no revenues – forget profits, during dot com bust but was still bought by Alcatel (of France). I read somewhere Chrysler has a net negative worth when divested from Daimler but was bought by Cerberus. Strange are the ways of Merger Maniacs!
BTW, Cerberus appointed ex Home Depot Chairman Nardelli to run Chrysler. Deaf guiding a blind?
Income Statement
Revenue (ttm): 4.27B
Revenue Per Share (ttm): 111.326
Qtrly Revenue Growth (yoy): -36.80%
Gross Profit (ttm): 1.26B
EBITDA (ttm): 188.63M
Net Income Avl to Common (ttm): -133.23M
Diluted EPS (ttm): -3.44
