xcel
01-08-2009, 02:58 PM
"The idea that you would enter into a financing relationship like this without any parameters is more evidence of the complete insanity of all this." (http://www.mercurynews.com/drive/ci_11401609?nclick_check=1)
http://www.cleanmpg.com/photos/data/501/Chrysler_Town_and_Country_-_17_-_25_city-highway.jpgTom Krisher and Ken Thomas - AP – Jan. 7, 2009
Chrysler’s Town and Country – Possibly last look at the most fuel efficient Minivan achieving just 20 mpgUS combined on the 08 EPA.
With Chrysler’s almost imminent demise, a hundred thousand plus direct and indirect employees will be jobless in the aftermath :ccry: -- Ed.
DETROIT — Even by the standards of battered automakers, Chrysler is in dire shape. Its sales in December were down a stunning 53 percent, far worse than Ford or General Motors, and analysts say it probably won't survive the year as an independent company — despite $4 billion in government loans and the possibility of more.
Things were so bad last year that a single Toyota model, the Camry/Solara mid-size car, outsold the entire fleet of Chrysler passenger cars.
"Basically, they're done," said Aaron Bragman, an auto analyst with the consulting company IHS Global Insight in Troy, Mich. "There is no real possibility of turning this thing around as an independent company, in my opinion." ...
Jonathan Macey, a Yale University law professor who has been critical of U.S. automakers' management, said Chrysler's sales numbers are "further evidence of an unviable entity. Giving the carmakers any money is burning cash."… http://www.mercurynews.com/drive/ci_11401609?nclick_check=1
http://www.cleanmpg.com/photos/data/501/Chrysler_Town_and_Country_-_17_-_25_city-highway.jpgTom Krisher and Ken Thomas - AP – Jan. 7, 2009
Chrysler’s Town and Country – Possibly last look at the most fuel efficient Minivan achieving just 20 mpgUS combined on the 08 EPA.
With Chrysler’s almost imminent demise, a hundred thousand plus direct and indirect employees will be jobless in the aftermath :ccry: -- Ed.
DETROIT — Even by the standards of battered automakers, Chrysler is in dire shape. Its sales in December were down a stunning 53 percent, far worse than Ford or General Motors, and analysts say it probably won't survive the year as an independent company — despite $4 billion in government loans and the possibility of more.
Things were so bad last year that a single Toyota model, the Camry/Solara mid-size car, outsold the entire fleet of Chrysler passenger cars.
"Basically, they're done," said Aaron Bragman, an auto analyst with the consulting company IHS Global Insight in Troy, Mich. "There is no real possibility of turning this thing around as an independent company, in my opinion." ...
Jonathan Macey, a Yale University law professor who has been critical of U.S. automakers' management, said Chrysler's sales numbers are "further evidence of an unviable entity. Giving the carmakers any money is burning cash."… http://www.mercurynews.com/drive/ci_11401609?nclick_check=1
