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 ...
Actually I’m not a Christian, not that that matters. As for patriotism, I drive an American car - a Ford.
Bad companies attract people with bad character. Chrysler is a bad company. Its disappearance will be a good thing.
The only way Chrysler can survive is chapter 11.
“I think there is legislation mandating that service parts be available for 10 yr after the original veh. mfg. date.”
Not aimed at smart companies. Just stupid, badly managed ones.
Something like a Ford 550 or 650?
“their little sedans weren’t comfortable, economical or pretty”
My first car was a hand me down from my Grandfather: a fourteen year old Studebaker Lark.
It was ugly as hammered sh*t.
It definitely wasn’t comfortable.
It surely wasn’t economical.
But I could fix anything on that vehicle, and for its time, it was a very reliable car. An old man who lived not too far from me had a whole field of old Studebakers and I bought parts from him for a song. I think he wanted to help a kid with his first car and he sure did.
I loved that car!
I rented a car to go to Spring training and, because the mid-size I had requested wasn't available, Enterprise gave me a Chrysler 300.
When I returned it three weeks and 3,000 miles later, I was stunned that the big hawg had averaged 29.7 mpg.
Giving credit where credit is due...
“Actually I’m not a Christian”
no kidding...well, you cudda fooled me! LMAO
And you are a Christian? I suppose those jerks that screwed me and my mom over were Christians too? What is the saying, “not perfect, just forgiven”?
Well, not by me. I don’t believe in it. Read “Atlas Shrugged” to find out why.
Why?? You mean to tell me that a group of investors can’t set up shop and start a new Auto company???
I'm more interested something used below $10K.
A C-Series is a cab-over. I'd guess that most older single axle grain trucks are gasoline vs. Diesel. I'd prefer a Diesel, but that is likely asking too much.
A C-Series is a cab-over. I'd guess that most older single axle grain trucks are gasoline vs. Diesel. I'd prefer a Diesel, but that is likely asking too much.
The costs of entry are very high. I'd guess that there will be no entrants (tho there are a few trying, like the electric car companies). Entrants cold be easily wiped out by Toyota, Ford and GM who know how to make electric cars.
“I don’t recall the wording in the Constitution that Chrysler has to stay in business..”
It is right before a woman’s reproductive rights.
By the way, can you point out to me where woman’s reproductive rights are in the Constitution? I cannot find that one either.
It’s right between ‘right to vote’ and ‘right to privacy’.
I’d go with it too if I could get one for <$10K.
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