[chainsaw]

You mean to tell me that the new owners of Chrysler bought a pig in a poke,,,and now want the taxpayer to help them pay for their wonderful foresight.</sarcasm>

[Frantzie]

I have very little sympathy for private equity firms like Cerebus. They all think they are incredibly smart masters of the universe until there is an economic slowdown.

The ugly truth is globally there are too many cars and trucks being made. I forget the demand numbers but a peak year in America is like 15 million sold while a slow & bad year is 12 million. My guess is we are way below that. The problem is you have Japan, China, Korea as well as European car comapnies plus NA, SA, E Europe, Russia and Australia chruning out probably 30 million cars a year or more. There are too many car companies and cars.

The UAW does not see this. You have to have protectionism to keep em flooding into America which is a horrible “solution.” The weakest die and Chrysler is one of the weakest. The only solution is let em die or get the govt to subsidize them (heavily).

If the wages and expenses get cut they have another decade maybe.

[bruinbirdman]

"You mean to tell me that the new owners of Chrysler bought a pig in a poke,,,"

Daimler-Chrysler shareholders were practly begging Daimler to dump Chrysler in the Atlantic rather than sustain more losses.

yitbos