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Well, it happened to Chrysler (11)

Started by mitt, April 30, 2009, 10:47:44 AM

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LA

#15
May 04, 2009, 12:44:35 PM
I think it's all my fault.  I bought a used Dodge the first week of April. :'(

I put $25k in the market and a week later Black Monday struck.

I got plenty luck, just not the good kind.

Chrysler's gonna make it though, in spite of me.

LA
"I'm leaving this one totally stock" - Full Termi kit, Ohlins damper, Pazzo levers, lane splitters, 520 quick change 14/43 gears, DP gold press plate w/open cover, Ductile iron rotors w/cp211 pads.

R90S (hot rod), 80-900SS, Norton 850 MkIII, S4RS

Drjones

#16
May 04, 2009, 03:53:02 PM
Short term sure, but long term is iffy especially if they don't totally restructure their business model away from reliance on debt to turn a profit.  When you make more from loan interest than the sale of a vehicle when you're a vehicle manufacturer you need to wake the make the beast with two backs up and ask why.  That goes for all of the automakers and actually just about every other facet of our economy for that matter.
"Live like no one else now, so that you can live like no one else tomorrow."

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MendoDave

#17
May 05, 2009, 03:30:46 PM
Quote from: ptam on May 03, 2009, 08:59:16 AM
Yep, it is interesting to see how this all plays out.  Especially with the UAW having 55% ownership.



This has played out before at UAL with the employees owning a majority of stock but only one seat on the Board. So the execs get to do whatever they want and the share holders end up holding the bag.
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