Posted on 04/05/2009 4:36:16 PM PDT by kellynla
NEW YORK (CNNMoney.com) -- It's easy to think that Chrysler LLC is no longer too big to fail.
The embattled automaker has already cut its U.S. workforce by more than 60% since the start of the decade, leaving it with just under 39,000 employees in America.
To put that into context, that's only five thousand more people than electronics retailer Circuit City had when it went out of business this year -- and few thought the demise of Circuit City would cripple the economy.
Once a pillar of the Big Three, along with General Motors (GM, Fortune 500) and Ford Motor (F, Fortune 500), Chrysler now trails Toyota Motor (TM) in U.S. sales and is struggling to stay ahead of Honda Motor (HMC).
So the news that the company could be forced out of business in the next 30 days if it can't work out a combination with Italian automaker Fiat strikes some as not that big of a deal.
"This is a company we can do without at least for the next couple of years without missing its production," said Kevin Tynan, auto analyst with Argus Research.
(Excerpt) Read more at money.cnn.com ...
>>I have a serious question, what happens to the warranty on my 2008 Caravan I just bought in Nov.??????....You know the one with the lifetime powertrain yada yada..<<
Don’t worry Obama’s DMV Automotive Repair Center will take good care of you!
http://www.reason.tv/video/show/742.html
I've worked at Chrysler's Dealerships for about 23 Years, and this is the biggest horse shit statement I've heard in a very long time. Unless you are talking about "Made in China" knockoffs crap!"
First and foremost, OEM's (Original Exchange Manufactured) parts for any type of manufacturer, is obligated contractually to manufacture exchange parts for at least 10 Years or longer from the time that particular model was canceled/terminated.
Furthermore the after-market parts business will be in high gear churning out exchange parts for the needed repairs.
Did I mentioned that Obama is taking care of the Warranty repairs on your automobile? Boy, is this not swell or what?...........
As for suspension, the live axle is for carrying heavy loads. Your vaunted Hyundai wouldn't last half a day doing what my old Crown Vic does with ease (75 mph with 300 lbs of dogs, 500 lbs of people, a trailer, 400 lbs of gear, and food for a week) for days on end, stopping only for gas, food, or a restroom break.
You might out-corner me, but you'll need four trips to do what I do in one.
Keep your Korean Krap. I'll keep my American cars. Comfort and reliability beat import anything, everyday. For me, anyway. YMMV.
All Studebakers were engineering marvels in my book.
Yes, it had the Paxton centrifugal blower. Not much boost by today's standards, but back then...giggle. They had to use cupped pistons.
I loved the thing, a symphony of chrome and black.
My previous car was the 1951 black "Buxom Torpedo"- The one where you could drive the wrong way down a one-way street and people would either not notice, or be confused. 262 Cubic inch little V8.
Someone needs to get a good photo of a GM or Chrysler parts counter guy and paste on Zero's head. Any Photoshop artistes here?
The story = paid propaganda for Chrysler.
I prefer Japan/Korean made than Union made s**t...
FYI, genius, if not for “Christians” your “mommy” and you would be speaking German or Japanese today!
AND DON'T YOU EVER FORGET IT!
And, if you tried “reading” a Bible instead of “Atlas Shugged” you might learn something constructive!
shezzzzzzzzzzzzzzzzzzzzzzzz...
I'm sure you are correct, but it's kind of difficult to force a company to make a part when the company is CLOSED FOR BUSINESS...now isn't it. LOL
gezzzzzzzzzzzzzzz...you people must sit on your brains!
Hey dumb dumb.. That was then this is now... WE WHERE AT WAR with Japan and N Korea... NOW IT IS 2009 and JAPAN AND SOUTH KOREA IS NOW ARE ALLIES.. STOP LIVING IN THE PAST!!!
I never knew that.
I did occasionally get some parts from NAPA and I just asked for something to fit a 61 Lark. I was amazed at what they seemed to have in stock.
I guess I know why now.
Studebaker was supplied by the same parts makers as GM, Ford and Chrysler but was always slow to pick up on the upgrades those parts makers offered. I think Studebaker had an idea that many of their customers did their own repairs and would be more familiar with the old stuff. They may not have been pretty but they were durable.
you MUST be looking in the mirror, “dumb dumb!”
THE POINT is that we MUST have a mfg. base in America if we are going to remain sovereign and secure!
LET ME KNOW WHEN YOU CATCH UP!
shezzzzzzzzzzzzzzzzz
The crooked bankers and brokers/traders and oil companies were allowed by our crooked government to manipulate the futures oil prices for 3 years or more until the price of oil reach 150 a barrel.
The never was a shortage of oil driving it. It was all manipulations. GM & Ford & Chrysler were doing good until this criminal manipulation.
YET the media & the loathsome NeoConArtist pretend this never happened. Just as they ignore that all new big 3 UAW workers are working for 1/2 wages and have been for some time. They keep saying they need to restructure and downsize.
They have been restructuring and downsizing for 20 years. What a bunch of lying & dishonest media and politicians we have. They say bankruptcy would be the best thing when they know it will put them out of business.
These politicians know it would be the worst thing. But they are sold out to foriegn interest and this false religion they call free trade.
They know Japan & China & Germany have (massive tarrifs) on our autos and all Our products.
automakers would be to have a fair trade were foriegn makers had to pay a tax to sell there cars in this country like we have to in order to sell in their countries.
But they don't care. These men call themselves conservatives and care nothing of the growing military threat of China and it's alliance with Russia.
They don't care the we will have no Steel and industrial strength left to defend ourselves from a Chinese attack once they destroy General Motors and the rest of the auto industry. And they don't care.
No bankruptcy can General Motors bring wages as low as Korea's or China or allow them to compete against German and Japanese cars brought in our country tax free, while the taxes double the cost of the few cars we export and to them.
All the car companies need are loan guarantees for daily operating capital.
Etc. and a tax on imported autos as they do on our auto exports
thank to treasury The Great American Yard Sale
http://www.time.com/time/magazine/article/0,9171,1832861,00.html
Whatever comrade...
Free trade has made America great and wealthy. Check history. Take an introductory economics class. Things have gotten worse because of big government meddlers. Our golden age occurred at a time of nearly no limitations by government.
You are pushing the accelerator, but are moving in reverse, as in the wrong way.
The culprit is not free trade or free markets, but government meddling. Think - why would someone move their business overseas in the first place?
Bullcrap. Christianity had nothing to do with America’s victory in World War II. There were Jews, Buddhists, atheists, Hindus, Sikhs and others fighting on the allied side in the War.
Chrysler made a defective car. That could have happened to any company, I suppose. It was their subsequent behavior regarding their defective vehicle that was unforgivable, as my original post made clear. It is not “whining” to observe that a company that treats its customers like garbage deserves to go out of business as a result. You seem to think that I have some moral obligation to patronize, and to bail out, a company that treated me in that manner. I do not.
What I never forget is the way Christians act, which is not in any way superior to how atheists or agnostics act. For example, I observe your gratuitous insults, which are part and parcel of the “Christian” behavior I have observed all my life. Christians like yourself differ from others only in their penchant to declare their moral superiority.
The Bible is a centuries-old work of fiction, self-contradictory and barbaric. It has nothing to offer me, or anyone. Reading it does not make you morally superior, only stupid.
The MILLIONS of Christians who fought and died for your freedom would disagree!
“The Bible is a centuries-old work of fiction, self-contradictory and barbaric.”
Well, that confirms your ignorance.
And you have already confirmed your malice.
Get lost, you are wasting my time.
But they are sold out to foriegn interest and this false religion they call free trade.
They know Japan & China & Germany have
(massive tarrifs)
on our autos and all Our products.
automakers would be to have a fair trade were foriegn makers had to pay a tax to sell there cars in this country like we have to in order to sell in their countries.
“Get lost, you are wasting my time?”
Hey, genius, THIS IS MY THREAD!
Thanks for the link... I will read it when I get home tonight.
LLS
And you are the one who keeps this useless argument alive with your persistent insults, Xian.
YOU smear God, the Bible, Christians, Christianity and hard working people in America and you have the NERVE to say that I posted “insults”
Listen, genius, do us all a favor and don't post on any more of MY threads EVER AGAIN!
MY first car was my grandmother’s 1966 Studebaker Commander. It was one of the last Studebakers off the assembly line. IN 1979 it still looked like it had rolled off the showroom. Ugly as hell, but it had the same engine/Tranny combo as a Chevelle SS, the little box would absolutely fly! Got t-boned by a drunk in pickup and totalled it. I was one sad puppy.
I’ll post wherever and whenever I damn well please.
What is your skin in this game? Chrysler employee? Former employee? Did you get fired? Your brother/sister/cousin/parents?
Good. If you lost your Chrysler job, I hope you never get another one. I hope you starve and die in the street. What’s more, I don’t feel the least bit guilty about being so unforgiving. Even worse, no amount of Bible-waving is going to change any of that.
Stick that in your pipe and smoke it, pipsqueak.
OK, it is obviously an emotional issue for you. May I ask you which you prefer free trade or managed trade?
More intelligentsia from, Little Ms. Insults. LMAO
“pipsqueak?”
Any time you think you have the balls to insult me to my face, missy, you just let me know.
I won't be holding my breath!
there is no free trade
So you are selling rabbits. I want to buy a rabbit. We agree on price and you sell and I buy.
Free trade. It exists between free people.
Earnest Hollings is not good source. First, he’s a politician. That makes him likely a liar. Second, he’s a Democrat. That is simply confirmation.
but he right in what he said in the video
He did not call for a reduction or elimination of US corporate taxes, a reduction in the regulatory regime strangling innovation and job growth, nor did he call for a revamp of our broken legal system.
He simply railed about job losses all of which are caused by the above, not free trade.
He is a Democrat. He is a liar by trade. I would not trust what he says and I’ve just pointed you in the right direction. You’re right about job losses, just wrong about the cause.
so you like what we have now, free trade
what about what he said about the internationa bankers
look at what coming next in america becuse of nafta
http://www.dailymotion.com/relevance/search/lou/video/x2a7gh_lou-dobbs-china-manufacture-in-mexi_news
“It’s right between ‘right to vote’ and ‘right to privacy’.”
No wonder I couldn’t find it. I was looking in the wrong document.
Subscribe To Dick Morris’ Play-By-Play AnalysisLogin Password « OBAMA’S WORST JOBS-KILLERTHE DECLARATION OF INDEPENDENCE HAS BEEN REPEALEDBy Dick Morris 04.6.2009 On April 2, 2009, the work of July 4, 1776 was nullified at the meeting of the G-20 in London. The joint communiqué essentially announces a global economic union with uniform regulations and bylaws for all nations, including the United States. Henceforth, our SEC, Commodities Trading Commission, Federal Reserve Board and other regulators will have to march to the beat of drums pounded by the Financial Stability Board (FSB), a body of central bankers from each of the G-20 states and the European Union.
The mandate conferred on the FSB is remarkable for its scope and open-endedness. It is to set a “framework of internationally agreed high standards that a global financial system requires.” These standards are to include the extension of “regulation and oversight to all systemically important financial institutions, instruments, and markets…[including] systemically important hedge funds.”
Note the key word: “all.” If the FSB, in its international wisdom, considers an institution or company “systemically important”, it may regulate and over see it. This provision extends and internationalizes the proposals of the Obama Administration to regulate all firms, in whatever sector of the economy that it deems to be “too big to fail.”
The FSB is also charged with “implementing…tough new principles on pay and compensation and to support sustainable compensation schemes and the corporate social responsibility of all firms.”
That means that the FSB will regulate how much executives are to be paid and will enforce its idea of corporate social responsibility at “all firms.”
The head of the Financial Stability Forum, the precursor to the new FSB, is Mario Draghi, Italy’s central bank president. In a speech on February 21, 2009, he gave us clues to his thinking. He noted that “the progress we have made in revising the global regulatory framework…would have been unthinkable just months ago.”
He said that “every financial institution capable of creating systemic risk will be subject to supervision.” He adds that “it is envisaged that, at international level, the governance of financial institutions, executive compensation, and the special duties of intermediaries to protect retail investors will be subject to explicit supervision.”
In remarks right before the London conference, Draghi said that while “I don’t see the FSF [now the FSB] as a global regulator at the present time…it should be a standard setter that coordinates national agencies.”
This “coordination of national agencies” and the “setting” of “standards” is an explicit statement of the mandate the FSB will have over our national regulatory agencies.
Obama, perhaps feeling guilty for the US role in triggering the international crisis, has, indeed, given away the store. Now we may no longer look to presidential appointees, confirmed by the Senate, to make policy for our economy. These decisions will be made internationally.
And Europe will dominate them. The FSF and, presumably, the FSB, is now composed of the central bankers of Australia, Canada, France, Germany, Hong Kong, Italy, Japan, Netherlands, Singapore, Switzerland, the United Kingdom, and the United States plus representatives of the World Bank, the European Union, the IMF, and the Organization for Economic Co-operation and Development (OECD).
Europe, in other words, has six of the twelve national members. The G-20 will enlarge the FSB to include all its member nations, but the pro-European bias will be clear. The United States, with a GDP three times that of the next largest G-20 member (Japan), will have one vote. So will Italy.
The Europeans have been trying to get their hands on our financial system for decades. It is essential to them that they rein in American free enterprise so that their socialist heaven will not be polluted by vices such as the profit motive. Now, with President Obama’s approval, they have done it.
In gegenteil[(quite the contrary), a little German lingo, you see], if Chrysler goes out of business, who is going to provide quality OEM's for needed repairs?
Granted, it won't be like supplying the assembly line, but it is still out here (business to be made).
Meanwhile, the manufacturers will have enough time to retool and move on to different car manufacturing and/or other venues. Flexibility is the magic word.
Understand this...from the Politicians on down, instilling fear in the masses is a standard M.O.;...thus extracting the most amount of anxiety out of the "great unwashed" and reach their ultimate goal.
...controlling your life style and tax the shit out of you in the name of social equality.
You chew on it, and when the time comes, I hope you make the right decision!
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