Chrysler Is Filling Bankruptcy

[highland512]

What do think this is going to do to the U.S. auto market. Is this going to be the end of Dodge?

[2006PSDSD]

It's not going to end Dodge. IMO it will make them stronger, as they will have restructured with the UAW, benefits fr employees, pensions, salaries etc. After this is done, I think it will help them spend more money on new product development and whatnot.

The UAW has made the workforce in the auto manufacturing business unattainable, from a money making standpoint. Worker get's laid off, he is sent to a room with coffee, donuts and a TV to collect his paycheck for 8 hours a day, until he able to return to "work"

The UAW is the problem IMO, their strength is too much, and too protected. I beleive they have negoiated there way to a failure, from the time they were started. Just my humble opinion

[Cj Ford]

they will be back in business in no time, the only ones who are goin to suffer from this is the feeder plants who will not get their money owed to them.. the new, improved, debt free chrysler will remain

personally makes me sick how a company can do this

[kingchip]

Originally Posted by Cj Ford

they will be back in business in no time, the only ones who are goin to suffer from this is the feeder plants who will not get their money owed to them.. the new, improved, debt free chrysler will remain

personally makes me sick how a company can do this

.....and with government sponsorship, no less!!

[rdc]

And Obama has the GALL to blame creditors who wanted their money at reasonable profit for Chrysler's downfall. I'm sure there's plenty of
blame to go around, but it sound mighty disengenuous of Obama to
be standing up there and badmouthing capitalism at EVERY opportunity
he gets.

[BLACK_PSTROKE]

i read somehting on line about how obama thought it was a good idea for chrysler to do this but by the time i got to the end he said he wasnt standing behaind them at all..... WTF

[rdc]

And what of all that taxpayer money that was "invested" in Chrysler to help keep it afloat?

[2006PSDSD]

Originally Posted by rdc

And Obama has the GALL to blame creditors who wanted their money at reasonable profit for Chrysler's downfall. I'm sure there's plenty of
blame to go around, but it sound mighty disengenuous of Obama to
be standing up there and badmouthing capitalism at EVERY opportunity
he gets.

Shouldn't be too surprising, seeing how he went around the world and apologized to every country for America's wrong doing. He's a POS and should have never been able to hold the office in the first place

[kingchip]

Originally Posted by Cj Ford

they will be back in business in no time, the only ones who are goin to suffer from this is the feeder plants who will not get their money owed to them.. the new, improved, debt free chrysler will remain

personally makes me sick how a company can do this

Hope it doesn't hurt Ford too bad.

[NIT2WN]

I've always wondered why Dodge/Chrysler had discounts even in the best of times. I hate to say it, but the products are generally inferior to everything but a Kia and they are passing them. We used to get a discount on them [we still may for all I know] but I could never bring myself to buy one. The only car I would have bought would have been a Dodge Magnum because it was different. I could kinda like a station wagon you could make to run with some work. I just couldn't/wouldn't buy one even with a bigger encentives than they're advertising. It's not so much the looks as it going to need to be worked on later and theirs parts are high, and those vehicles seem to need more than their fair share.