[Dreamtwister]

Fuck 'em, let them go. They are going to close the plants anyway, I say don't give them a frigging dime.

[bencole]

The big 3's days are numbered in Ontario I think.

[uNkNowN ElEmEnt]

Yeah, let em go. Like the could bring the costs down more by switching production back to the US which right now is 1.29CDN. There's your 25$ difference buddy.

[Novus]

Chrysler is finished and will be shutting all plants world wide shortly.

[bencole]

http://news.sympatico.msn.ctv.ca/abc/ho ... ler_090312

[Blacksmith]

It seems every time I go into a crysler dealership I get told what I will get because that's what "people" want, when I tell them what I want I can't get it or it will have to be special ordered.

I first encountered this in the sixties when I describe a car to a salesman and was promptly told it would never sell. The car I described was a volkswagen.

These people need leasons in listening, instead of talking.

As for the unions they can suck the hind tit.

[Ferretlover]

$this->bbcode_second_pass_quote('Blacksmith', 'I')t seems every time I go into a crysler dealership I get told what I will get because that's what "people" want

[IslandCrow]

Bump

BBC had a news flash (too early for a story to be posted yet):$this->bbcode_second_pass_quote('', '[')b]BREAKING NEWS:

US carmaker Chrysler is to declare bankruptcy, a White House official says

[hillguy57]

Just watched the PBS news. They outlined the planned ownership after they go through chapter11.
55%uaw,30%Fiat,10%USgov,5%candiangov.
How's that for a cluster#$%@

[PWALPOCO]

OOooops !!
$this->bbcode_second_pass_quote('', 'A') group representing 20 Chrysler lenders, holding $1bn (£674m) in debt, are set to object to the firm's move into Chapter 11 bankruptcy protection.

Chrysler said on Thursday it would enter protection immediately and form an alliance with Italian carmaker Fiat. The 20 lenders are unhappy at the terms of a government-brokered deal to cut Chrysler's $6.9bn (£4.67bn) in debt. The group also says that plans to sell off Chrysler assets within 30 to 60 days may infringe their legal rights.

Mr Lauria has said that Chrysler's proposed plan "inverts" the usual priority scheme, whereby senior secured creditors are paid in full first, followed by junior lenders, administrative claims, unsecured lenders and equity holders.

[rangerone314]

I didn't cry when E.T. or Old Yeller died, and I'm not going to die when Chrysler and GM die, either.

[bratticus]

So what are we supposed to say now?!?!

"The Big Formerly 3"?

"The Big Two"?

[VMarcHart]

$this->bbcode_second_pass_quote('bratticus', 'S')o what are we supposed to say now?!?! "The Big Formerly 3"? "The Big Two"?

[Keith_McClary]

$this->bbcode_second_pass_quote('PWALPOCO', '[')url=http://news.bbc.co.uk/2/hi/business/8028427.stm]OOooops !![/url]
$this->bbcode_second_pass_quote('', '.')..

Mr Lauria has said that Chrysler's proposed plan "inverts" the usual priority scheme, whereby senior secured creditors are paid in full first, followed by junior lenders, administrative claims, unsecured lenders and equity holders.

[Keith_McClary]

$this->bbcode_second_pass_quote('', '[')url=http://news.bbc.co.uk/2/hi/business/8026621.stm]BBC: Can Fiat put Chrysler on road to recovery?[/url]
"I think it's madness," says independent automotive analyst Rob Golding.

Little to offer

These days, Chrysler's own cars - which also include the Dodge and Jeep marques - are hard enough to sell within the US, where sales have fallen off a cliff in recent months. Abroad it is even tougher.
Fiat Group's chief executive, Sergio Marchione
Analysts say Fiat Group chief Marchione is adding to his difficulties.

In fact, Chrysler has little presence outside the US. When its former Germany parent company Daimler sold Chrysler in 2007, sales outside North America accounted for no more than 7% or 8% of its sales.

But if Chrysler has little to offer Fiat - let alone anyone else - then the reverse is also true.

Fiat is similarly reliant on its home market, bolstered by Italians snapping up the majority of the Fiats, Lancias and Alfa Romeos it makes.

Hence, although it might come across as global on paper, the Fiat-Chrysler alliance is not about to become an international automotive giant that will seriously rival the likes of, say, Toyota, Volkswagen Group or Nissan-Renault.

Indeed, there is no way it could emerge as a serious rival without significant injections of cash.

"Who is going to provide the money?" asks Mr Golding. "Fiat can't possibly do it.

"Fiat is easily the weakest of all the major automotive companies. It does not even generate enough revenue to fund its own investment."

[lowem]

$this->bbcode_second_pass_quote('bratticus', 'S')o what are we supposed to say now?!?!

"The Big Formerly 3"?

"The Big Two"?

[bodigami]

$this->bbcode_second_pass_quote('bratticus', 'S')o what are we supposed to say now?!?!

"The Big Formerly 3"?

"The Big Two"?

[AlexdeLarge]

http://finemrespice.com/node/56 Confronting the head of a non-TARP fund holding Chrysler debt and unwilling to release it for any sum less than that to which it was legally entitled without compelling cause, this country's "Car Czar" berated the manager of said fund with an outburst of prose substantially resembling this:$this->bbcode_second_pass_quote('', 'W')ho the Expletive deleted. do you think you're dealing with? We'll have the IRS audit your fund. Every one of your employees. Your investors. Then we will have the Securities and Exchange Commission rip through your books looking for anything and everything and nothing we find to destroy you with.

[vision-master]

$this->bbcode_second_pass_quote('AlexdeLarge', '[')url]http://finemrespice.com/node/56[/url]$this->bbcode_second_pass_quote('', 'W')ho the Expletive deleted. do you think you're dealing with? We'll have the IRS audit your fund. Every one of your employees. Your investors. Then we will have the Securities and Exchange Commission rip through your books looking for anything and everything and nothing we find to destroy you with.

[pup55]

$this->bbcode_second_pass_quote('', 'W')hy not invest in a small farm?