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| Economy |
| Is Chrysler on the Ropes? |
| 2009-10-08 |
| So, it has come to this. For all the hubris, for all the federal government using its unique position to influence a judge's decisions, Chrysler may still go under. From TFA: Chrysler sales are now running at the rate of 750,000 a year. It probably does not have the capital to wait through another year of low US car sales with a market share that is almost certainly to stay below 8%. It does not have models tailored to the current market tastes. Chrysler is going out of business. The company just hasn't made it official. |
| Posted by:badanov |
| #5 Frankly the "American" car buyer is a Japanese, Korean or German car buyer. The "Americas" gave up on domestic manufactured automobles in the 1980s,this "American Auto Bail-out" is a Democratic party farce, they could have said "NO, this is not change" but did not have the guts to say NO. So like it or not this failure rests with the last guy with his hands in the till. --- Go ahead name him. As far as I can see the nails are in the coffins of "Crisis and Government Motors" - Real Americans buy FORDS ! |
| Posted by: Spike Crusoth7697 2009-10-08 23:23 |
| #4 Won't be toast until the UAW is done sucking every single penny out of it. Then of course they will leave the drained and dried remains for any creditors stupid enough to still invest in it (sadly the US Taxpayer). |
| Posted by: CrazyFool 2009-10-08 18:53 |
| #3 Crisis Motors is toast. Dems ought to worry about whether Government Motors can make it to 2010. |
| Posted by: Nimble Spemble 2009-10-08 17:55 |
| #2 Dems have to hope Chrysler can limp past November 2010 ... |
| Posted by: Steve White 2009-10-08 16:36 |
| #1 No shocker there; their cars (except for the minivans) are appallingly mediocre. (Ever taken a good long look at a Dodge Caliber?) The bailout was a band-aid on a severed artery. |
| Posted by: Mike 2009-10-08 15:52 |