Well, not yet. But so soon now.
They've hired Bankruptcy lawyers. Considering how badly this will impact the already abysmal resale values of their vehicles (who wants to own a car from a dead automaker? they reek of unfulfilled promises and unsupported spare parts inventories), I doubt that this is an effort to force the gov't's hand into giving them the bailout.
If you're a fan of awful autos, now may be your last chance to buy that Sebring at anything approaching full price.
I called this BK in May, BTW. And I have re-affirmed it about once a month since then.
SRSLY, though, what automaker that produces rubbish like this to compete with accords and camrys ever had a real chance of survival? Their three valuable brands (Jeep, Hemi, & Viper) will probably be bought and find a way to make it through. All the rest of the trash will evaporate, because even pennies on the dollar is too expensive.