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The Big 3 Continue to Fall

Discussion in 'Sports and News' started by Pete Incaviglia, Jun 26, 2008.

  1. Pete Incaviglia

    Pete Incaviglia Active Member

    Apparently Chrysler is fighting off rumors of bankruptcy. I find this big news. Maybe I'm over reacting, but a "Big 3" auto maker going belly up makes me wonder if GM isn't right around the corner.

    http://in.reuters.com/article/governmentFilingsNews/idINN2630646320080626
     
  2. markvid

    markvid Guest

    I don't think you can overstate this. It is big, Pete.
     
  3. Inky_Wretch

    Inky_Wretch Well-Known Member

    The auto industry isn't flexible enough to react to fast changes in the economy. One year ago, they were still putting gas guzzlers into the production pipeline. Hell, the Prius was a laughingstock to the Big 3. Now, they're all scrambling to create their own versions of it.
     
  4. Oz

    Oz Active Member

    I thought this thread would be about the Celtics facing injuries with Pierce, Garnett and Allen.
     
  5. dooley_womack1

    dooley_womack1 Well-Known Member

    The auto companies going belly up would be a human catastrophe for this country. The industry has been making missteps for decades now, so the coups de grace would be largely self-inflicted.
     
  6. dixiehack

    dixiehack Well-Known Member

    I expect Ford to go bankrupt before Chrysler. The blue oval is much more dependent on truck sales.
     
  7. Pastor

    Pastor Active Member

    I disagree in that pick-ups are still doing well enough. Chrysler just makes poor cars.

    Their best brand is Jeep and they can't even give those away right now. The cars suck gas like there is no tomorrow.

    As much as I believe the American auto industry needs to remain, I understand fully how much they fucked themselves over the last several decades.
     
  8. Ben_Hecht

    Ben_Hecht Active Member




    They need to produce cars sufficient numbers of people will want, at a price people will be willing to pay. And they need to do it damn fast.

    Good luck, with that.
     
  9. Iron_chet

    Iron_chet Well-Known Member

    If Chrysler goes TU does that mean I don't have to pay them for the loan on my minivan?
     
  10. Grimace

    Grimace Guest

    It's all the unions' fault!
     
  11. jackfinarelli

    jackfinarelli Member

    Chrysler was in Chapter 11 more than 25 years ago and emerged as a healthy company - - under the guidance of Lee Iacocca. So a Big 3 bankruptcy is not unthinkable.

    The unions and management share the blame for the sorry state of US auto manufacturing. Neither side can project with any degree of honesty that it was "the other guys" who drove this industry into the ground. There is plenty of blame to go around.
     
  12. Inky_Wretch

    Inky_Wretch Well-Known Member

    Chrysler does have a loan department ... http://www.chryslerfinancial.com/

    I almost went to work for them right out of college. But I turned it down, because I didn't want to move to Detroit. Dad, a Dodge/Jeep dealer, was heartbroken.
     
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