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My grand am was making a ticking noise when it was started in the morning and then stopped after a couple of minutes for a couple of days. One afternoon, after the car had been driven and was warmed up, I stopped for gas. When I restarted the car it made a loud clacking noise. I checked the oil and it was almost a quart low and I added oil. (I had just checked the oil the week prior and it was okay) I started the car, let it run a little while hoping the oil would help, but the noise did not go away. Mechanic is telling me the timing chain is broke and it bent all the valves and it needs a new engine. Does this sound right?