ANALYST: Chrysler can't survive even with gov't aid

pauldun170 · 12-11-2008, 06:40 PM

http://www.autoblog.com/2008/12/11/a...with-govt-aid/

Corey · 12-11-2008, 07:20 PM

Whatever happened to that GM/Chrysler merger talk that happened not more than two or three months ago? No go because of the Titanic trying to rescue the Lucitania?

BobTheBiker · 12-11-2008, 07:24 PM

down with their junk!

ducati_atx · 12-11-2008, 07:25 PM

why not just let the company die?

pretty sure we could do ok without pontiac, buick, and chrysler.

Chris S · 12-11-2008, 07:36 PM

If Cerberus' filthy rich private equity owners aren't willing to put another dime in Chrysler, why should they expect the taxpayers to do so?

Fuck 'em, they bought Chrysler to make a quick buck, let them deal w/ the consequences.

BobTheBiker · 12-11-2008, 07:38 PM

agreed. I dont see any reason to keep a failing company alive longer. fuck, let em cease operaraions and let toyota or honda buy up the factories to expand their markets more.

Corey · 12-11-2008, 07:40 PM

Quote:

Originally Posted by ducati_atx

why not just let the company die?

pretty sure we could do ok without pontiac, buick, and chrysler.

Not sure about the Chrysler situation, but GM is in a bind with Pontiac and Buick (and any of their other subdivisions). There are laws in many states that protect dealerships from GM pulling the plug on one of their brands. I don't recall the specifics, but if they were to shut down Buick or Pontiac, they'd have to pay out the nose to compensate the network of dealerships that carry that product. If Chrysler went tits up and declared bankruptcy, I believe that would be a different situation.

ducati_atx · 12-11-2008, 07:43 PM

Quote:

Originally Posted by Corey

Not sure about the Chrysler situation, but GM is in a bind with Pontiac and Buick (and any of their other subdivisions). There are laws in many states that protect dealerships from GM pulling the plug on one of their brands. I don't recall the specifics, but if they were to shut down Buick or Pontiac, they'd have to pay out the nose to compensate the network of dealerships that carry that product. If Chrysler went tits up and declared bankruptcy, I believe that would be a different situation.

Which is why they need to file Chapter ?? (insert 13 or 11 there) so that they can bypass those and close down brands.

Pretty damn sure hummer can go too.

DLIT · 12-11-2008, 10:14 PM

Does this mean that they're gonna get their bailout money, the higher ups will do what they please with it, and then the company will just wither off and die?

Corey · 12-11-2008, 10:24 PM

Quote:

Originally Posted by DLIT

Does this mean that they're gonna get their bailout money, the higher ups will do what they please with it, and then the company will just wither off and die?

No, it means they'll get their bailouts, the higher ups will do what they please with it, and they'll be back again this time next year lobbying for another bailout because they're under the impression that the world will explode without them.

12-11-2008, 06:40 PM	#1
pauldun170 Serious Business Join Date: Nov 2008 Location: New York Moto: 1993 ZX-11 2008 CBR1000rr Posts: 9,723	ANALYST: Chrysler can't survive even with gov't aid http://www.autoblog.com/2008/12/11/a...with-govt-aid/

12-11-2008, 07:20 PM	#2
Corey AMA Supersport Join Date: Nov 2008 Location: Florida Moto: Not a damn thing Posts: 2,612	Whatever happened to that GM/Chrysler merger talk that happened not more than two or three months ago? No go because of the Titanic trying to rescue the Lucitania? __________________ Half man, half horse, half motorcycle. All awesome. "Your game is shit, your company is shit. Activision ruined you! Activision ruined you." - Francis

12-11-2008, 10:14 PM	#9
DLIT Clit Commander Join Date: Feb 2008 Location: Las Vegas Moto: 2012 Ducati 1199 Panigale S Posts: 4,189	Does this mean that they're gonna get their bailout money, the higher ups will do what they please with it, and then the company will just wither off and die? __________________ Dress for the crash. Not the ride.

12-11-2008, 07:24 PM	#3
BobTheBiker too much time on my hands Join Date: Jul 2008 Location: the northern district of god damn Moto: 01 ZX6R, looking for more now. Posts: 1,802	down with their junk!

12-11-2008, 07:25 PM	#4
ducati_atx Yuppie Prick Join Date: Nov 2008 Location: Austin, TX Posts: 223	why not just let the company die? pretty sure we could do ok without pontiac, buick, and chrysler.

12-11-2008, 07:36 PM	#5
Chris S Kneedragger Join Date: Nov 2008 Location: Austin, TX Moto: '07 KTM Super Duke (for sale), '07 KTM 300 XC-W Posts: 171	If Cerberus' filthy rich private equity owners aren't willing to put another dime in Chrysler, why should they expect the taxpayers to do so? Fuck 'em, they bought Chrysler to make a quick buck, let them deal w/ the consequences.

12-11-2008, 07:38 PM	#6
BobTheBiker too much time on my hands Join Date: Jul 2008 Location: the northern district of god damn Moto: 01 ZX6R, looking for more now. Posts: 1,802	agreed. I dont see any reason to keep a failing company alive longer. fuck, let em cease operaraions and let toyota or honda buy up the factories to expand their markets more.