To: Lurker
“Just file Chapter 11 and be done with it.”
I’d have more faith in buying a Chrysler if they did that, because they would probably lose the union and have a chance at success.
131 posted on
12/17/2008 7:48:24 PM PST by
Sun
(Pray that God sends us good leaders. Please say a prayer now.)
To: Sun
I wonder what this is going to do to the supply base. I think it is not a surprise, but I just keep expecting any day to hear of Lear or American Axle or TRW going belly up, followed by a steady flow of additional bankruptcies. The UAW guys will get their pay, but the large non-union supply base is facing a lean winter.... (both the companies and the workers who are going to have a lot of spare time on their hands.)
I handle Chrysler products at a Tier 1. I wonder if I'm even going to have a job in the morning or much longer. :-(
132 posted on
12/17/2008 8:11:38 PM PST by
Liberty1970
(Democrats are not in control. God is. And Thank God for that!)
To: All
If the govt. gives them a bailout, I believe they’ll need another bailout in a few months, and then another, and so on.
They need to restructure and get rid of the unions if they are to ever start making a profit again.
Here’s an interesting take:
“Whats Good for GM/Chrysler is a Chapter 11 Filing”
133 posted on
12/17/2008 8:11:43 PM PST by
Sun
(Pray that God sends us good leaders. Please say a prayer now.)
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