Author Topic: Chrysler goes kaputz.  (Read 335 times)

termis

  • Hero Member
  • *****
  • Posts: 1485
Chrysler goes kaputz.
« on: April 30, 2009, 03:28:54 PM »
So I'm sure you've all heard that Chrysler is going to filing for Chp. 11.  Gee, wasn't that a waste of taxpayer money?  They get to spend bazillion taxplayer dollars just to delay the inevitable.  :roll: 

GM is up next.  It just seems like it's a question of when, not if.

I think the reason why some people back the bailout is the belief that these companies would be *completely* gone if they didn't get the bailout money, but there's no way that these companies would be completely liquidated -- there's just too much tangible assets for that to happen.

So... get on with it GM, stop wasting taxpayer money and reorganize already.

nat

  • Hero Member
  • *****
  • Posts: 7085
Re: Chrysler goes kaputz.
« Reply #1 on: April 30, 2009, 05:32:14 PM »
That's weird, I heard like two weeks ago that Chrysler had signed a deal/been bought out by Fiat. What the f*ck?

Turbo D

  • Hero Member
  • *****
  • Posts: 3989
Re: Chrysler goes kaputz.
« Reply #2 on: April 30, 2009, 07:25:01 PM »
That sucks. I guess my van is a collectors item now. haha.

Necromancer

  • Global Moderator
  • Hero Member
  • *****
  • Posts: 21366
Re: Chrysler goes kaputz.
« Reply #3 on: May 01, 2009, 03:21:24 AM »
That's weird, I heard like two weeks ago that Chrysler had signed a deal/been bought out by Fiat. What the f*ck?

The Fiat merger is still planned, but they aren't bringing cold, hard cash to the table; in exchange for a 35% stake, they'll allow Chrysler to build copies of their small cars and engines.  Hopefully they'll survive long enough to realize the benefits of the merger, but it's going to take some time, as it'll take at least a year for the required emissions/crash testing to take place and for a plant to be refit (the bailout requires US/Canuck production).
U.S. Collection: 97% complete    155/159 titles

Dark Fact

  • Hero Member
  • *****
  • Posts: 1147
Re: Chrysler goes kaputz.
« Reply #4 on: May 05, 2009, 01:28:40 PM »
I've never been a big Chrysler fan but I will feel bad for the workers who are going to lose their jobs over this, union or not.

I don't know about you guys but with all the auto makers in the world, the U.S. seems to take the biggest hit.  Is it because U.S. auto companies just don't want to adjust to more fuel efficient models? :|

Sorry, but I don't see your library card on the books of Ys.  Now, RETURN THEM TO ME!!!

ceti alpha

  • Hero Member
  • *****
  • Posts: 3835
Re: Chrysler goes kaputz.
« Reply #5 on: May 05, 2009, 02:59:58 PM »
I've never been a big Chrysler fan but I will feel bad for the workers who are going to lose their jobs over this, union or not.

I don't know about you guys but with all the auto makers in the world, the U.S. seems to take the biggest hit.  Is it because U.S. auto companies just don't want to adjust to more fuel efficient models? :|

Well, it's funny that Ford is actually doing OK with all this shit going on. The reason is that, in Europe and Japan, they actually manufacture fuel efficient, small cars. It's just in US/Canada where they're hurting because they keep making jumbotronic cars. Though Ford does seem to be getting their act together here in North America.


"Let the CAW and Mystery of a Journey Unlike Any Other Begin"

termis

  • Hero Member
  • *****
  • Posts: 1485
Re: Chrysler goes kaputz.
« Reply #6 on: May 06, 2009, 12:00:27 AM »
I've never been a big Chrysler fan but I will feel bad for the workers who are going to lose their jobs over this, union or not.

I don't know about you guys but with all the auto makers in the world, the U.S. seems to take the biggest hit.  Is it because U.S. auto companies just don't want to adjust to more fuel efficient models? :|

You probably can't just peg one big reason to the U.S. car companies' troubles.  I'm sure that putting all eggs in one basket (bigger gas-guzzlers while ignoring well, pretty much all else) has to be one reason.  On the other hand, American cars just simply weren't as appealing in my opinion.  I mean, I used to work for a rental car company so I drove a lot of bland Detroit cars, and boy, they were bland.  There was definitely a difference hopping from, say, a Dodge Calibur to a similarly-sized Japanese/European cars.  The fit & finish, and the polish level of the cars would be like night and day.

Whole other multitude of reasons could be the U.S. automotive industry's inflexible and expensive labor, low turnover ratio of inventories & lower capital utilization rates probably made it costlier for Detroit to produce cars compared to everyone else.  (well, these were especially true when Toyota was teaching everyone a thing or two about lean production systems -- I dunno if Detroit has had any success in copying some of that since).

Or one can look at the economic history and simply say that it's finally time for the U.S. to do away with automotive manufacturing, since the "natural" progression of the economic output has been moving from agricultural -> manufacturing -> service.  It's hard to compete with countries that are in better position for manufacturing cars.  That is, they have a "comparative advantage" in manufacturing, whereas U.S. has the comparative advantage in the service sector.

I'm sure people will be writing case studies about the current state of U.S. automotive companies in the years down the line.

Dark Fact

  • Hero Member
  • *****
  • Posts: 1147
Re: Chrysler goes kaputz.
« Reply #7 on: May 09, 2009, 12:37:40 PM »
But will the automotive industry reform their image and practices for the current economic situation or will they just stick to the current service formula and hope that the economy stabilizes itself for them to get back on track? :-k

Sorry, but I don't see your library card on the books of Ys.  Now, RETURN THEM TO ME!!!

boogiecat

  • Newbie
  • *
  • Posts: 37
Re: Chrysler goes kaputz.
« Reply #8 on: May 16, 2009, 11:44:49 PM »
Hope that Fiat would bring siginificant changes to this brand if they can.. :twisted:

Dark Fact

  • Hero Member
  • *****
  • Posts: 1147
Re: Chrysler goes kaputz.
« Reply #9 on: July 03, 2009, 03:06:22 AM »
I bet they've made Chrysler an offer they can't refuse. :P

Sorry, but I don't see your library card on the books of Ys.  Now, RETURN THEM TO ME!!!