Chrysler to file for bankruptcy
Quintessence of Dust
30-04-2009, 16:18
Sorry if there is already a thread on this (http://news.bbc.co.uk/1/hi/business/8027109.stm). The US car firm Chrysler is going to file for bankruptcy. The President is apparently due to respond shortly.
greed and death
30-04-2009, 16:20
The only logical course of action for Obama is to declare Detroit a anarchist free state.
Andaluciae
30-04-2009, 16:22
Good riddance. I owned a Chrysler in high school--what a stinking, steaming POS. They've been due to die for years.
Had they only followed the Iacocca path of cheap cars for cheap, maybe they could have justified their existence, but they didn't, and now they're gasping.
Free Soviets
30-04-2009, 16:46
The only logical course of action for Obama is to declare Detroit a anarchist free state.
just be careful of how you group that last bit
Christmahanikwanzikah
30-04-2009, 16:52
And they're going to partner with Fiat.
If they can make that work, they'll put GM to shame.
Intangelon
30-04-2009, 16:53
20 years too late.
The Black Forrest
30-04-2009, 17:44
Good riddance. I owned a Chrysler in high school--what a stinking, steaming POS. They've been due to die for years.
Had they only followed the Iacocca path of cheap cars for cheap, maybe they could have justified their existence, but they didn't, and now they're gasping.
I once had a Dodge Daytona. Reported to be guided by Iacocca in it's design. It was as you put it; a stinking, steaming POS.
Iacocca would not have saved Chrysler. He was a fracking hypocrite with his buy American BS. My car had a Japanese engine, a German Turbo and a French breaking system.
The Black Forrest
30-04-2009, 17:47
And they're going to partner with Fiat.
If they can make that work, they'll put GM to shame.
Daimler failed. What makes you think Fiat can do it?
Myrmidonisia
30-04-2009, 17:49
Good riddance. I owned a Chrysler in high school--what a stinking, steaming POS. They've been due to die for years.
Had they only followed the Iacocca path of cheap cars for cheap, maybe they could have justified their existence, but they didn't, and now they're gasping.
No, no, no... If you had owned a Challenger with a 402 Hemi, or a Charger, or a Barracuda back in the day, you'd have a different view. Yeah, Dodge/Chrysler got lost for a while, but so did everyone else. Their RAM 2500/3500 trucks with the Cummins diesel are the best on the road. The new Challeger is so much more appealing than the new GTO, or Mustang...
The real shame with this bankruptcy thing is that it wasn't allowed to happen BEFORE we gave Chrysler bailout money.
Saige Dragon
30-04-2009, 17:49
I once had a Dodge Daytona. Reported to be guided by Iacocca in it's design. It was as you put it; a stinking, steaming POS.
Iacocca would not have saved Chrysler. He was a fracking hypocrite with his buy American BS. My car had a Japanese engine, a German Turbo and a French breaking system.
Ah, the Daytona... There are about 9 of them in my town and they've got a knack for passing through the fingers of nearly every high school student here at one time or another. If you grew up here, you knew somebody who owned one of the Daytona's for at least a week. :tongue:
And good riddance to Chrysler as we know it. Now what was GM thinking by holding on to Buick? That it would ever be profitable?
The One Eyed Weasel
30-04-2009, 18:38
Now what was GM thinking by holding on to Buick? That it would ever be profitable?
The Chinese go apeshit over Buicks, and the company is profitable. They're killing Pontiac which is a shame since they actually started building nice cars. I think GM has a solid plan now though, and will survive.
Chrysler is still going to be around, but basically run by Fiat. Fiat is bringing to the table exactly what Chrysler needs: small, economical, nice cars.
Fiat gets dealership access here in the states, brings showroom traffic, sells some Chryslers as well as their own cars. That's the way it should work anyway.
Wilgrove
30-04-2009, 18:42
and this comes after we gave them bailout money. Sure glad we bailed out the Big 3s.... :rolleyes:
Mussolioni
30-04-2009, 19:23
Notice how Ford is doing better than both GM and Chrysler. Ford was the only company not to accept taxpayer money.
Change you can believe in, folks. ha-cha-cha!
Wilgrove
30-04-2009, 19:26
Notice how Ford is doing better than both GM and Chrysler. Ford was the only company not to accept taxpayer money.
Change you can believe in, folks. ha-cha-cha!
That because they produce cars that American consumers want, like The Mustang and the F-150 trucks.
Mussolioni
30-04-2009, 19:30
That because they produce cars that American consumers want, like The Mustang and the F-150 trucks.
That's one part of it. But another part (at least in my opinion) is due to the fact that Ford does not have to be a slave to the federal government. They don't have to worry about his shallow little punk from Chicago dictating what they can do and what they cannot do.
Andaluciae
30-04-2009, 19:54
I once had a Dodge Daytona. Reported to be guided by Iacocca in it's design. It was as you put it; a stinking, steaming POS.
Iacocca would not have saved Chrysler. He was a fracking hypocrite with his buy American BS. My car had a Japanese engine, a German Turbo and a French breaking system.
My praise for Iacocca was in his strategy of building stinking, steaming POS cars for real cheap, then selling them for real cheap--things like the K-Cars which saved the company in the eighties. Not necessarily praising the man.
Andaluciae
30-04-2009, 19:55
That because they produce cars that American consumers want, like The Mustang and the F-150 trucks.
Don't forget the smaller, fuel efficient vehicles like the Focus and the Fusion that have become increasingly desired alongside muscle cars and medium trucks.
Andaluciae
30-04-2009, 19:56
That's one part of it. But another part (at least in my opinion) is due to the fact that Ford does not have to be a slave to the federal government. They don't have to worry about his shallow little punk from Chicago dictating what they can do and what they cannot do.
Ford was better off than the other two well before Obama came into office.
greed and death
30-04-2009, 20:06
Daimler failed. What makes you think Fiat can do it?
Chrysler isn't inflating its assets to cheat fiat out of 60 billion Euros like it did to Daimler.
greed and death
30-04-2009, 20:08
just be careful of how you group that last bit
any of the possible meanings is fine, I think that's the best way to rule leave open ended statements and let the chips fall where they may lie.
Besides just mention Anarchist and a plot of land and the anarchist should sort these things out themselves.
Hairless Kitten
30-04-2009, 20:37
I once had a Dodge Daytona. Reported to be guided by Iacocca in it's design. It was as you put it; a stinking, steaming POS.
Iacocca would not have saved Chrysler. He was a fracking hypocrite with his buy American BS. My car had a Japanese engine, a German Turbo and a French breaking system.
What is a POS?
You-Gi-Owe
30-04-2009, 20:38
Just looked at the news. Have you ever heard of a company going bankrupt and it costing the taxpayers such a shitload of money. This is throwing good money after bad.
Apparently, when all the dust is settled, the UAW will own the majority of Chrysler. It will be INCREDIBLY FUNNY when they need to negotiate with themselves over wages, benefits and pensions.
Quintessence of Dust
30-04-2009, 20:40
Piece of shit.
Hairless Kitten
30-04-2009, 20:41
That's one part of it. But another part (at least in my opinion) is due to the fact that Ford does not have to be a slave to the federal government. They don't have to worry about his shallow little punk from Chicago dictating what they can do and what they cannot do.
Are you sure that there's no small and little fascist hiding in you, Mussolioni?
Hairless Kitten
30-04-2009, 20:42
Piece of shit.
ok :)
Quintessence of Dust
30-04-2009, 20:43
Bankruptcy deal revealed (http://news.bbc.co.uk/1/hi/business/8027109.stm).
Hairless Kitten
30-04-2009, 20:48
I believe that Fiat is holding 85% of Ferrari.
So maybe the future Chryslers will look like them :)
Gistefaa
30-04-2009, 20:48
Cars are banned in my nation, I really couldn't care less.
Long Live the Rustic People of the World!
Long Live Mongolia!
Long Live Gistefaa!
Sdaeriji
30-04-2009, 20:59
That's one part of it. But another part (at least in my opinion) is due to the fact that Ford does not have to be a slave to the federal government. They don't have to worry about his shallow little punk from Chicago dictating what they can do and what they cannot do.
Your opinion is crap then, isn't it? Ford was always the healthier company, before Obama even took office. That's why they could afford to turn down bailout funds and try and weather the storm with their cash reserves. Accepting the bailout money absolutely did not hasten Chrysler's collapse, and it was a very real possibility that the company would go under, even with the bailout money (which is why we never should have given it to them to begin with).
Andaluciae
30-04-2009, 21:08
Cars are banned in my nation, I really couldn't care less.
Long Live the Rustic People of the World!
Long Live Mongolia!
Long Live Gistefaa!
Yeah, we're talking about OOC, RL stuff. Not NS.
Lacadaemon
30-04-2009, 21:21
Haha, not before time. Anyway, who needs manufacturing. We can all get rich beyond our wildest dreams by trading baseball cards.
Wilgrove
30-04-2009, 21:25
Haha, not before time. Anyway, who needs manufacturing. We can all get rich beyond our wildest dreams by trading baseball cards.
Huh?
Whatever you're smoking, I want some.
Tmutarakhan
30-04-2009, 21:40
The only logical course of action for Obama is to declare Detroit a anarchist free state.In what way would that be a change?
Lacadaemon
30-04-2009, 21:46
Huh?
Whatever you're smoking, I want some.
It's the economic stabilization plan.
That's one part of it. But another part (at least in my opinion) is due to the fact that Ford does not have to be a slave to the federal government. They don't have to worry about his shallow little punk from Chicago dictating what they can do and what they cannot do.
I pretty sure that shallow little punk isn't telling them to make shitty cars.
Fiat was a good option because they needed a stronger small car line, however if
I was Fiat I wouldn't want to work with American automobile worker unions.
The Parkus Empire
30-04-2009, 22:11
That's one part of it. But another part (at least in my opinion) is due to the fact that Ford does not have to be a slave to the federal government. They don't have to worry about his shallow little punk from Chicago dictating what they can do and what they cannot do.
I have heard Obama called a lot of things--but "shallow little punk"? That is strange. :tongue:
Christmahanikwanzikah
30-04-2009, 23:12
Daimler failed. What makes you think Fiat can do it?
I said that because GM recently bought out their partnership with Fiat because it was very unprofitable, not because I think Fiat can "save" Chrysler.
Although, considering that GM can only produce the Corvette and call it a success, I wouldn't be surprised to see Chrysler do better with them...
Hairless Kitten
30-04-2009, 23:15
I have heard Obama called a lot of things--but "shallow little punk"? That is strange. :tongue:
His first post ever was:
Hello all.
I'm not a fascist. I swear.
Yeah right :)
The One Eyed Weasel
30-04-2009, 23:31
Yeah, we're talking about OOC, RL stuff. Not NS.
Some people are out of touch with reality. I call those people "conservatives".
*Ba-dum-chin*
I'll be here all night folks:)
greed and death
30-04-2009, 23:41
In what way would that be a change?
It would be offical, and save billions on police funding.