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Why Chrysler matters
cnnmoney.com ^ | April 2, 2009: | Chris Isidore

Posted on 04/05/2009 4:36:16 PM PDT by kellynla

NEW YORK (CNNMoney.com) -- It's easy to think that Chrysler LLC is no longer too big to fail.

The embattled automaker has already cut its U.S. workforce by more than 60% since the start of the decade, leaving it with just under 39,000 employees in America.

To put that into context, that's only five thousand more people than electronics retailer Circuit City had when it went out of business this year -- and few thought the demise of Circuit City would cripple the economy.

Once a pillar of the Big Three, along with General Motors (GM, Fortune 500) and Ford Motor (F, Fortune 500), Chrysler now trails Toyota Motor (TM) in U.S. sales and is struggling to stay ahead of Honda Motor (HMC).

So the news that the company could be forced out of business in the next 30 days if it can't work out a combination with Italian automaker Fiat strikes some as not that big of a deal.

"This is a company we can do without at least for the next couple of years without missing its production," said Kevin Tynan, auto analyst with Argus Research.

(Excerpt) Read more at money.cnn.com ...


TOPICS: Business/Economy; Extended News
KEYWORDS: automakers; bigtwo; chrysler; manufacturing; mopar
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To: kellynla
These car manufactures used to be American icons that Americans used to proud of.

I don't think they should be bailed out by taxpayers but I am surprised how many would say to hell with them so easily.

A good part of their failure is due to the US government and other nefarious organisms that have bled them to a point of not being able to compete in the market place and some see it fit to cheering it on.

Oh well, it's just another piece of American culture and what she stands for down the RAT hole, no biggie.

21 posted on 04/05/2009 5:10:19 PM PDT by Las Vegas Ron (I'd rather the world hate us then laugh at us)
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To: mysterio
My favorite MOPAR. 1964 Plymouth Hemi. Would turn the 1/4 in the 12's off the showroom floor with a set of slicks & headers


22 posted on 04/05/2009 5:11:13 PM PDT by kellynla (Freedom of speech makes it easier to spot the idiots! Semper Fi!)
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To: Paladin2
>>>Somebody will have to keep making Jeep Wranglers, or America will be changed forever<<<
—You said it, brother. A good Jeep is like a good dog— irreplaceable.
23 posted on 04/05/2009 5:15:04 PM PDT by Shqipo ((A new tagline is currently under construction))
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To: kellynla
She's a beauty....always liked the '70 Cuda/440 too, red, mmmm

BTW, my last post was not directed to you.

24 posted on 04/05/2009 5:19:53 PM PDT by Las Vegas Ron (I'd rather the world hate us then laugh at us)
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To: Shqipo; Paladin2

+1 to both of your comments about Jeeps.


25 posted on 04/05/2009 5:21:58 PM PDT by Hardastarboard (The Fairness Doctrine isn't about "Fairness" - it's about Doctrine.)
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To: kellynla
These dishonest people like Carl Rove and Rush & Hannity and the politicos know about the only way to bail out the automakers would be to have a fair trade were foriegn makers had to pay a tax to sell there cars in this country

like we have to in order to sell in their countries. But they don't care.

These men call themselves conservatives and care nothing of the growing military threat of China and it's alliance with Russia.

They don't care the we will have no Steel and industrial strength left to defend ourselves from a Chinese attack once they destroy General Motors and the rest of the auto industry. And they don't care.

No bankruptcy can General Motors bring wages as low as Korea's or China or allow them to compete against German and Japanese cars brought in our country (tax free,) while the taxes double the cost of the few cars we export and to them.

All the car companies need are loan guarantees for daily operating capital.

Etc. and a tax on imported autos as they do on our auto exports.

26 posted on 04/05/2009 5:23:26 PM PDT by AmericaCitizen
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To: kellynla

I once owned a Dodge truck. When it was damaged in a wreck, correct interior replacement parts COULD NOT be bought! Why install them in manufacturing, if they can’t be bought later?


27 posted on 04/05/2009 5:23:44 PM PDT by 2harddrive (...House a TOTAL Loss.....)
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Comment #28 Removed by Moderator

To: kellynla
1964 Plymouth Hemi.

Back when 'Hemi' was more than just a marketing scam.

29 posted on 04/05/2009 5:25:37 PM PDT by PAR35
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To: broncobilly
Where were these guys when we needed to save Studebaker?

Studebaker's demise is a very interesting story. Obviously, it involved multiple variables, but the way I read it is that the real reason management threw in the towel was to avoid paying unfunded pension commitments.

In spite of some bad decisions that hurt the company, Studebaker was sufficiently viable to continue. But sacrifices would have to be made to honor the pension obligations. And it was deemed more expedient to quit then, shaft the retirees and keep the bucks.

It has been a while since I read up on this, so I could be shown to be wrong. But that's the way I remember it.

30 posted on 04/05/2009 5:30:37 PM PDT by ChildOfThe60s (If you can remember the 60s........you weren't really there)
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To: SonOfPyrodex

thank to treasury The Great American Yard Sale
http://www.time.com/time/magazine/article/0,9171,1832861,00.html


31 posted on 04/05/2009 5:34:32 PM PDT by AmericaCitizen
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To: Paladin2; Shqipo

It’s my American right to drive a Jeep® and I shall do so.


32 posted on 04/05/2009 5:35:28 PM PDT by BipolarBob (I shoot only after kindness fails.)
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To: hellbender

No they are both crap


33 posted on 04/05/2009 5:37:14 PM PDT by al baby (Hi Mom)
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To: Shqipo
"You said it, brother. A good Jeep is like a good dog"

My dog loves to go for rides in the Jeep. It's a match made in heaven.

34 posted on 04/05/2009 5:44:11 PM PDT by Paladin2 (Big Ears + Big Spending --> BigEarMarx, the man behind TOTUS)
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To: kellynla

That is one beautiful automobile.


35 posted on 04/05/2009 5:46:28 PM PDT by mysterio
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To: Hardastarboard; Shqipo; Paladin2

Jeep is an American icon. There is nothing quite like the Jeep Wrangler. I imagine that is one car the leftists hate the most and would like to go away - it is both an SUV and an American symbol. I’m sure our neo-communists hate that.


36 posted on 04/05/2009 5:46:59 PM PDT by Wilhelm Tell (True or False? This is not a tag line.)
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To: 2harddrive
"replacement parts COULD NOT be bought!"

I think there is legislation mandating that service parts be available for 10 yr after the original veh. mfg. date.

37 posted on 04/05/2009 5:48:10 PM PDT by Paladin2 (Big Ears + Big Spending --> BigEarMarx, the man behind TOTUS)
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To: kellynla

Die chrysler...gm too... stand on your own or die!

LLS


38 posted on 04/05/2009 5:49:24 PM PDT by LibLieSlayer (hussein will NEVER be my President... NEVER!!!)
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To: hellbender

A difference?

GM has big brother aboard 24/7/365 with OnStar.

Is that significant enough?


39 posted on 04/05/2009 5:49:46 PM PDT by Don W (People who think are a threat to socialism)
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To: hellbender

Oh, and Ford has vehicles I actually like, with things like the door lock knobs out of the way, comfortable seating, and are reliable.


40 posted on 04/05/2009 5:53:19 PM PDT by Don W (People who think are a threat to socialism)
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