Skip to comments.Chrysler & GM both filing for Bankruptcy?
Posted on 03/31/2009 8:32:44 PM PDT by kcvl
Chrysler & GM both filing for Bankruptcy....
GM is filing Chapter 11....
Chrysler is going to be sold off in pieces..
Toyota is closing many plants in The USA...
This all about securing the UAW county club and Cadillac “demo's”. Soon the parking lot of the Country Club will look like a visit to Havana.
Yep. From the beginning.
Remember the UAW was “responsible” for win in the last election.
probably get better care from the mechanics...
...though hearing a request for a 9/16 socket in the middle of a medical procedure might be a bit...odd....
With this guy in the white house we dont have 60 days let alone 6 months.
“Choo Choo” Charlie Wilson was one of the kingpins in the criminal enterprise that placed General Motors on its road to disaster.
In that heyday — and I remember it well — as my uncle was the plant engineer of the large Fisher Body plant in Flint,
Wilson and his successors capitulated to virtually EVERY serious demand of Reuther and his cohorts...essentially passing on the increased labor costs on to an unwitting public. Reuther played the Big Three like a violin.
However, there was NO competition to challenge such abhorrent management malfeasance.
It was not until approximately 1956 — when European auto manufacturers were finally structured to make a run at the American market — that the threat of competition reared its head. VW, Renault and Morris all peddled their bare-boned cars at the same price — $1640 — and they all did 30 MPG; and ran, and ran, and ran, for next to nothing. A huge market developed overnight.
Detroit did NOT take this ominous threat seriously — and the rest is history. As an aside, it was not until approximately 10 year later that the Japanese did their number on Detroit, with the Datsun and Toyota saturation of the market. By that time the European game had run its course, except for a refined VW product line.
The Japanese marketing successes essentially rang the death knell on Detroit; however, the Detroit snake still thrashed in its death throes for these many years, even after its head was severed by the labor cost and product quality disparities, twenty years prior.
Very respy, dk/coro
Won’t start. :)
No one is buying anything right now good or bad !
America is in bunker mode IMO !
I want to see UAW BROKE !
I just landed a new client, a local automotive dealer, who shall remain anonymous.
People *are* buying, but there’s not as many people and many customers are delaying their “five year churn” - and those with domestics are discovering why that’s a bad idea for them.
Here the even the Toyota lots have plenty of room on em ....very few vehicles on lots that used to be packed for big three and the japs.
One side of my observation is as you state....the folks are buying em up faster than they can replenish the inventory. Other side as this read states .....plants are closing due to lack of sales.
I trust what ya say about your AO but here it is different story ........
stay safe !
Would you stay here and be ruled over by a tyrannical government if you could go somewhere else?
The lots are empty, in those cases, because the dealers sell through inventory, then don’t order more. Remember, the makers “sell” them to dealers, who sell them to the end user.
Yes. If true this is good news.
GM said no to O.
Understand that yet my point is I suppose that even Toyota is closing plants.......may or may not relate and if so that is my lack of knowledge on your subject matter expertise.
....basing my comments on what I see, hear and read yet value your insider points on the matter !
Thanks for the info !!!
I am off to get some sleep !
Stay safe buddy !
And what do you suggest for those us that are soon to be in the market for acquiring a new or fairly new used car?
With discounts and low interest, you are better off on a new car,(per Detroit's Paul W. Smith - part time fill in for Rush Limbaugh.)
All seem to be doing well. Yes, foreign owned, but domestically produced.
You are correct!
One of the things GM did with the oil and tire people was to convince cities all over the country to rip up the light rail rights-of-way and replace those paid-for, efficient systems with BUSSES (with, of course, GM MOTOR COACHES).
As a child, in a scene repeated in countless towns across America, I spent hours watching the crews pull up the tracks along Clifton Blvd. in Lakewood, Ohio where those really cool streetcars once ran. They then widened Clinfton to make lanes for the new GM BUSSES.
Today, most of those towns wish they had those rights-of way back but, sadly, they were long ago paved or built over.
In my later professional career I sold materials handling equipment. GM was one of my customers. During the model changes every 3 or 4 years, we’d be called in to provide equipment for the new line configurations: THEY SELDOM ASKED THE COST — THEY JUST NEEDED IT NOW!!!
Now, if anyone thinks THAT sort of behavior was idiotic and arrogant, wait until Obama’s new totalitarian government hits full stride. Trust me: They’re just warming up.
There’s nothing on WDIV.
ON THE BRINK: Feds preparing bankruptcy filing for CHRYSLER...