Oh my! I remember when people were quitting their jobs to go work for Nortel because they paid so well and didnt expect you to do squat.
1) Chrysler already says it will be out of business by early next year. But, what does that mean. It is unlikely that its largest shareholder, hedge fund Cerberus, is going to throw good money after bad in an economy where US car sales are dropping 30% compared with 2007 figures. But, the Chrysler brand could be around. So could the brand of its Jeep division. Foreign car companies like VW and Honda (HMC) would love to get well-known operations without the baggage of debt, UAW contracts, and dealer networks. Chrysler still has some popular models including it 300 series cars and it created the minivan. Jeep is regarded as the grandfather of four-wheel drive. Watch Chrysler Motors LLC go away and some of its products move into other hands.
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This is so disappointing. They are making some of the best vehicles out there. When all the dust settles, do you think the UAW and its members will every face up to all of this?
Remarkable that they should go out of business then.