Again, what are they going to do with the money?
Won't it be hard for Detroit to compete with the cars that are built in the south when the ones in the south have far less labor costs?
Where does this bailout talk end? Everyone is getting in line. I heard the gov. of OH today say the states also need to be bailed out.
We need assurances these bailouts will produce permanent positive effects and we won't be back throwing more good money after bad.
It bothers me greatly for governments to be part owner of anything. That is communism and a very dangerous slippery slope.
We have driven Chrysler mini vans for years and have never had a major repair bill. I feel a loyalty to Chrysler because of this so am bothered to see this happen.
There is nothing good about this situation.
Not true. The jobs bank is gone. They already have a two tier system in place for wages. All new people hired get paid a whole lot less. More concessions on health care.
They are going to use it to pay bills while they cut car lines sell plants and reorg. They have too many car lines. This is 2008 not 1965.
After loooking at several mini’s in the 80s we bought one too. WONDERFUL CAR and the only domestic that got a top rating from Consumer reports. I think they are toast. It is sad. At one time there was a year waiting list for a PT Cruiser in MI.
You nailed it the best. Nothing good either way.