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THE Chrysler Thread (merged)
Re: Newsweek: Chrysler, R.I.P.
by cube » Sat 01 Nov 2008, 00:31:09
$this->bbcode_second_pass_quote('BigTex', 'I')'m actually surprised that Chrysler is only valued at zero. I would have thought it would represent a huge net liability with many claims from creditors, retirees, landlords, dealerships, parts manufacturers, etc.
It wouldn't surprise me if there total liabilities actually are greater
but...
You can’t squeeze blood from a turnip
so I guess the number Zero sounds more appropriate then say negative $5B or whatever the "true" number is.
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Re: Newsweek: Chrysler, R.I.P.
by Zardoz » Sat 01 Nov 2008, 00:57:05
Here's the problem:
$this->bbcode_second_pass_quote('Newsweek', 'W')hy would the government want anything to do with this car carnage? The alternative is automotive Armageddon. Without the GM-Chrysler combo, its advocates argue, all of Detroit will tumble into bankruptcy. And that will take down thousands of parts suppliers, dealers and other businesses that depend on the American automakers. Even the Toyota, Honda and Nissan auto factories in America could shut down because their U.S. suppliers would go belly up. Total job loss: 2 million Americans, according to a study by the Center for Automotive Research. "A graceful exit for Chrysler is highly preferable to a catastrophe," says Cole. That's why the governors of six states just asked Treasury Secretary Henry Paulson and Fed chairman Ben Bernanke to take "immediate action" to bail out Detroit.
$this->bbcode_second_pass_quote('Newsweek', 'W')hy would the government want anything to do with this car carnage? The alternative is automotive Armageddon. Without the GM-Chrysler combo, its advocates argue, all of Detroit will tumble into bankruptcy. And that will take down thousands of parts suppliers, dealers and other businesses that depend on the American automakers. Even the Toyota, Honda and Nissan auto factories in America could shut down because their U.S. suppliers would go belly up. Total job loss: 2 million Americans, according to a study by the Center for Automotive Research. "A graceful exit for Chrysler is highly preferable to a catastrophe," says Cole. That's why the governors of six states just asked Treasury Secretary Henry Paulson and Fed chairman Ben Bernanke to take "immediate action" to bail out Detroit.
What a mess...
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Re: Newsweek: Chrysler, R.I.P.
by mos6507 » Sat 01 Nov 2008, 02:25:48
I wonder what would become of their ENVI plugin/EV program? Would it just fold into the Volt project? I'm less concerned about Chrysler and more concerned with GM, since the Volt is kind of the industry litmust test of plugins.
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Re: Newsweek: Chrysler, R.I.P.
by nobodypanic » Sun 02 Nov 2008, 02:10:39
$this->bbcode_second_pass_quote('mos6507', 'I') wonder what would become of their ENVI plugin/EV program? Would it just fold into the Volt project? I'm less concerned about Chrysler and more concerned with GM, since the Volt is kind of the industry litmust test of plugins.
plugins? you're talking about plugins!?
in a month gas will be under $2 a gallon. plugins don't have a chance in hell. bring back the SUV!
christ what a mess, huh?
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Re: Newsweek: Chrysler, R.I.P.
by CarlosFerreira » Sun 02 Nov 2008, 08:49:03
$this->bbcode_second_pass_quote('Zardoz', 'H')ere's the problem:
$this->bbcode_second_pass_quote('Newsweek', 'W')hy would the government want anything to do with this car carnage? The alternative is automotive Armageddon. Without the GM-Chrysler combo, its advocates argue, all of Detroit will tumble into bankruptcy. And that will take down thousands of parts suppliers, dealers and other businesses that depend on the American automakers. Even the Toyota, Honda and Nissan auto factories in America could shut down because their U.S. suppliers would go belly up. Total job loss: 2 million Americans, according to a study by the Center for Automotive Research. "A graceful exit for Chrysler is highly preferable to a catastrophe," says Cole. That's why the governors of six states just asked Treasury Secretary Henry Paulson and Fed chairman Ben Bernanke to take "immediate action" to bail out Detroit.
$this->bbcode_second_pass_quote('Newsweek', 'W')hy would the government want anything to do with this car carnage? The alternative is automotive Armageddon. Without the GM-Chrysler combo, its advocates argue, all of Detroit will tumble into bankruptcy. And that will take down thousands of parts suppliers, dealers and other businesses that depend on the American automakers. Even the Toyota, Honda and Nissan auto factories in America could shut down because their U.S. suppliers would go belly up. Total job loss: 2 million Americans, according to a study by the Center for Automotive Research. "A graceful exit for Chrysler is highly preferable to a catastrophe," says Cole. That's why the governors of six states just asked Treasury Secretary Henry Paulson and Fed chairman Ben Bernanke to take "immediate action" to bail out Detroit.
What a mess...
Nice quote. 2 million more jobs lost? That would get people rioting on the streets. No wonder GM, Ford and Chrysler can go tough on the Treasury and the Fed: they've become, quite literally, too large to fail. Save them now, delay the problem until when?
Funny thins is, the dollar's up, the oil is down, petrol prices are going through the floor and still the truck's sales won't take off. It really is a matter of reduced demand, not habit changing.
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