The services of the Jones Day law firm will cost bankruptcy company Chrysler 12, 4 million US dollars, as reported by Automotive News.
In total, about 70 lawyers are engaged in total affairs of the company, as well as about 190 lawyers are constantly involved in other companies to conduct bankruptcy process.
Services of one such lawyer cost GM $ 224 per hour. Corinn Ball heads the Jones Day team, for his work he receives $ 900 per hour, that is, 401 thousand dollars for all the time of cooperation. In addition, Chrysler will also have to pay 256 thousand dollars of additional expenses. In particular, these are photocopies of documents, payment of hotels, food and taxi costs.
The formal bankruptcy procedure of Chrysler has already been completed on June 10, FIAT was the main assets of the company’s trade union, which bought a share of a 20% of the company’s shares. For this, Fiat received all the technologies and platforms of GM cars.
Chrysler or Chrysler Group is one of the largest and most famous automobile concerns in the United States, is currently part of the Fiat concern in France. The General Director is Sergio Markjonne, who is also standing at the helm of fiat. This is how Italians belong only about 20 % of the total share of Chrysler, the rest is divided between the US government — about 9, 5 % at the moment, 2, 5 % has the Canadian government and the rest of the share of the US Trans -Industry Trade Union belongs.
The company’s models include not only Chrysler, but also the Dodge and Jeep, Plimut and I needle brands. One of the main sectors in the company that makes profit is the production of components and spare parts for its models, as well as for the whole line of others. Recently, electronic and aircraft — space products for state orders of the United States have been produced at the plants. We can say that the corporation consists of several semi -dependent companies that pursue a policy in relation to production regardless of the general «center». So they include companies such as Chrysler, Dodge, Envi, which is more experimental production models on alternative fuel, Jeep for the release of SUVs, as well as Global Electric Motorcars, Performance, Chrysler Finance and Mopar. Each of the list performs its own certain functions in the autopom market. Recently, financial affairs have gone a little worse, so Plymouth units, Eagle, Imperial and Desoto have been closed.