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  #1  
Old 11-16-2009, 03:20 AM
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Default McCain: Chrysler Unlikely 2 survive

Here is the latest from Detroit and Phoenix.
http://www.detnews.com/article/20091...329/1148/rss25
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Old 11-16-2009, 05:48 AM
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I don't know that I necessarily agree. There are still a lot of things up in the air, and personally, I have mixed feelings about the whole bailout program, but I do think it's a little too early, IMO, to be making that call. For as bad as things got, there's only one way for Chrysler to go and that is up. It will be nice to see Dodge be its own brand, though.

One pattern I have noticed recently is that McCain sure is running his mouth a lot lately. It seems whatever the issue of the day is, you see him on tv, almost daily, chiming in on something. Perhaps if he had been this vocal and visible during the campaign, we wouldn't even be having this conversation. Wonder if there is a correlation to Palin's new book release, and he wants to talk about survivability....might have survived had he not picked that one.....

- Cajun
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Old 11-16-2009, 08:30 AM
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I agree with Cajun...too many things up in the air to say whether they will make it or not. Interesting that the Dodge "brand" has been spun off. Is it a sign of things to come?

A lot of doom and gloom from Mr. McCain on a lot of subjects. While I agree that the market should determine who survives, having GM & Chrysler fail would have long reaching, detrimental, effects on the economy.

As does the bailout.

It may have been a choice of the lesser of two evils.
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Old 11-16-2009, 05:20 PM
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Chrysler finally filing for bankruptcy! Wish they would have done it months ago as I called for -- could have saved taxpayers $26.7 billion!" he wrote May 1 on his Twitter account.

He also compared the deal to communism and socialism. "President (proposes) government/union takeover of GM and Chrysler -- Lenin would be smiling," he wrote on April 30, referring to the former Soviet leader.

Two days earlier, he wrote: "UAW eventually owning 55% of Chrysler stock and the U.S. Gov owning the rest -- if that isn't socialism, what is?"

First off, LOL at the fact that this elderly old dude has a freaking Twitter account. Secondly, I never liked this guy, not meaning to turn this political, but I hate his constant reference to socialism and communism, when democracy and capitalism doesn't work either. And why pick on Chrysler? GM had much the same issues, and both have restructured, and are emerging as better companies soon enough. Think someone payed him off? I just can't take any of his comments, or this article, seriously. We all know Chrysler will be fine anyway, all of the big 3 pushed through the depression, didn't they? This isn't as bad as that, not yet anyway.
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Old 11-16-2009, 08:26 PM
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Chrysler's problems were not the UAW, they began when Iaccoca (sp?) tagged Eaton as his replacement instead of Lutz (who he didn't like). Eaton then sold us (I'm a retired Chrysler worker) to Daimler. At that time we were in the hunt in terms of quality and styling. Daimler saw us as a cash cow, and to that end, they had us remove content and quality of our vehicles, close down styling, and stop future product development (at least in the car segment) while charging the same price. Eventually this causes problems as the word gets out that your product has poor quality. When that happened, Daimler sold us to Cerberus, who I believe thought they could play the same game as Daimler. They under estimated how badly the germans had hurt us and coupled with the down turn in the economy decided to bail. Chrysler can come back, but Fiat, management, and the workers have to be committed to it.
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Old 11-16-2009, 08:35 PM
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Quote:
Originally Posted by khahn View Post
Chrysler's problems were not the UAW, they began when Iaccoca (sp?) tagged Eaton as his replacement instead of Lutz (who he didn't like). Eaton then sold us (I'm a retired Chrysler worker) to Daimler. At that time we were in the hunt in terms of quality and styling. Daimler saw us as a cash cow, and to that end, they had us remove content and quality of our vehicles, close down styling, and stop future product development (at least in the car segment) while charging the same price. Eventually this causes problems as the word gets out that your product has poor quality. When that happened, Daimler sold us to Cerberus, who I believe thought they could play the same game as Daimler. They under estimated how badly the germans had hurt us and coupled with the down turn in the economy decided to bail. Chrysler can come back, but Fiat, management, and the workers have to be committed to it.
Very well spoken! Always good to have some insight from the inside.
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Old 11-16-2009, 08:41 PM
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one major problem is...however, if you've noticed...try getting some parts for your vehicles.
The 2003 Ram crank sensors (for my dads truck that has been sitting for 3 months now) are backordered...and, they don't know if they'll ever get anymore in as the company that made them dropped Chrysler's contract.
Several other parts are backordered to the moon as well.

Chrysler has lost something like half of its suppliers, or something like that.

Believe me, I'm a die hard Mopar guy, and would hate to see the day come as much as all of you....
but, its obvious that all Fiat wants is to use Chrysler to get into the American market, and to suck Chrysler dry of all it resources.
And...I don't see them coming out of it. Because, what kind of person is going to buy a vehicle that, if something breaks, they may never be able to fix it?

Things are looking grim, but, I surely hope they find a way to pull through it, though.
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Old 11-17-2009, 08:03 AM
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Yea strang3majik the supply chain I suspect is going to be a problem for awhile. When the germans took over we were instructed to drop supplier "a" for supplier "b" because that was who the germans were using. Then cerberus takes over and the economy tanks, Chrysler, who was always notorious for paying the vendors as late as possible, runs short of money and is unable to pay vendors even in a semi timely fashion. Some of the vendor stopped shipping until payments were brought up to date, remember the vendors were hurt as much as the manufacturers in this economic down turn. Now that fiat is running the place, I wouldn't be surprised to find out they have their favorite supplier list that chrysler must use. Until all this shakes out and there is some continuity in ownership and management, I suspect that there will be some spotty parts shortage issues.
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Old 11-17-2009, 08:33 AM
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Quote:
Originally Posted by khahn View Post
Chrysler's problems were not the UAW, they began when Iaccoca (sp?) tagged Eaton as his replacement instead of Lutz (who he didn't like). Eaton then sold us (I'm a retired Chrysler worker) to Daimler. At that time we were in the hunt in terms of quality and styling. Daimler saw us as a cash cow, and to that end, they had us remove content and quality of our vehicles, close down styling, and stop future product development (at least in the car segment) while charging the same price. Eventually this causes problems as the word gets out that your product has poor quality. When that happened, Daimler sold us to Cerberus, who I believe thought they could play the same game as Daimler. They under estimated how badly the germans had hurt us and coupled with the down turn in the economy decided to bail. Chrysler can come back, but Fiat, management, and the workers have to be committed to it.
Thank you for your input Khahn (and everyone else). I have many relatives, old neighbors, and old friends that worked in the Automotive Industry in Ohio and Michigan. This not only effects the vehicle(s) that I drive; it effects everyone.
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Old 11-17-2009, 04:32 PM
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Quote:
Originally Posted by MADDOG View Post
I agree with Cajun...too many things up in the air to say whether they will make it or not. Interesting that the Dodge "brand" has been spun off. Is it a sign of things to come?

A lot of doom and gloom from Mr. McCain on a lot of subjects. While I agree that the market should determine who survives, having GM & Chrysler fail would have long reaching, detrimental, effects on the economy.

As does the bailout.

It may have been a choice of the lesser of two evils.

I agree with Cajun and MADDOG, I think McCain is trying to take the heat of him since he was involved from this from the start.

The only reason Ford did not use this in their advertising was because they took out similar loans from CHINA the year before when they knew they were in trouble.
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