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To: E Rocc

Not too long ago the new CEO Nardelli openly said that Chrysler was actually bankrupt although not operationally bankrupt; meaning they could pay the bills but the value was less than zero when all the costs and assets were added up.

Some of their products are truly junk. He even said so. They are discontinuing about four products immediately and I suspect more are on the way. Just think about this. Daimler lost $37 billion and paid more Cerberus money to take it off their hands. How bad can it get? The truth is that Chrysler should have been put out of its misery 25 years ago.


5 posted on 02/04/2008 11:15:09 AM PST by RichardW
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To: RichardW

I believe that the US auto manufacturers have suffered for decades now from the idiocy of letting the bean counters run them. Car companies need to be run by car folks and not accountants. The last car guy to run an American car company was Iacocca.

Example: How in the hell can the company that gave us the Corvette, new style Cadillacs and the GM trucks give us the Aztek?? Any moron from a high school mechanical design class would have laughed if shown a pre-production drawing of the Aztek. And to top that off, they quit production of the Camaro and Firebird, leaving the market wide open to the Mustang, which is selling like hot cakes by the way. Of course, Ford has their problem children too. Chrysler, being the smallest of the three, is more susceptible to the financial ups and downs of the qwerky auto market.


10 posted on 02/04/2008 11:53:18 AM PST by biff
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To: RichardW
Daimler lost $37 billion and paid more Cerberus money to take it off their hands.

Daimler-Benz did not know how to deal with Chrysler. However, the $37 billion dollar loss is largely inflated because Daimler made Chrysler buy parts from the Mercedes division at full price. Some of the loss is on paper. Chrysler, of course, could not choose a different supplier.

The 300c is a fine car.
12 posted on 02/04/2008 12:41:01 PM PST by Dr. Sivana (Not a newbie, I just wanted a new screen name.)
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To: RichardW

Our 3/4 ton Dodge pickup truck is an awesome vehicle. I’d buy another one, no hesitation.


16 posted on 02/05/2008 1:01:16 PM PST by TenthAmendmentChampion (Global warming is to Revelations as the theory of evolution is to Genesis.)
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