Chrysler bankruptcy could be short, painful
The Chrysler bankruptcy may not last longer than 60 days. Still, the impact on suppliers could be devastating.
U.S. officials are continuing to work to provide Chrysler with the funds to make its announced bankruptcy on Thursday a short one. Even as administration officials work to finalize a deal with Italian automaker Fiat on a merger, they are predicting the Chrysler bankruptcy will not last longer than 60 days. Still, the impact on suppliers could be devastating, further complicating an already tenuous domestic auto market.
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey