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Old March 4th 06, 02:30 AM posted to rec.autos.makers.jeep+willys
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Default Dana Corp files for bankruptcy

mabar proclaimed:

> I wonder how this will affect Jeep?
>
> http://quote.bloomberg.com/apps/news...r=news_inde x
>
>

It is legal to summarize a story or quote it in fair use for review.
That doesn't look like a dissolution type bankruptcy, more to
renegotiate terms with lenders, break contracts, etc. As for the
customers of Dana, bankruptcy courts have collection powers that would
make Tony Soprano envious. Don't see directly why it would affect Jeep
at all unless they, like some companies, have internal rules prohibiting
new contracts or purchases from companies in bankruptcy.

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