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Thread: Chrysler to file for bankruptcy

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    Re: Chrysler to file for bankruptcy

    Quote Originally Posted by PeteEU View Post
    Sorry but so far here we have had:



    And


    While others have corrected this and said it is due to the bond holders, then there is no mention of why the car companies are in this state other than the usual blaming of the unions.

    Considering that the truth is more complicated to say the least, and in that truth the unions are hardly to blame for all or even a majority of the problems of the 2 car companies. That is of course not saying that they are without blame. The main reasons GM and Chrysler are in the pickle they are in, are pure and simple.. crap product and woeful strategy for decades and poor leadership. Out of this poor leadership came the union contracts that the right seem to blame for everything.

    It is sad to see Chrysler go down, and will be even more sad to see GM, the pilar of the American industrial machine and the American dream go belly up, but lets face it.. it is all their own doing and blaming a 3rd party is a pathetic excuse.



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    Re: Chrysler to file for bankruptcy

    Hmmm. So has our bailout handout we gave them just evaporated into thin air? Did it help one iota?

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    Re: Chrysler to file for bankruptcy

    Quote Originally Posted by Erod View Post
    Hmmm. So has our bailout handout we gave them just evaporated into thin air? Did it help one iota?
    I, too, wonder how much of that loan will need to be paid back.

  4. #14
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    Re: Chrysler to file for bankruptcy

    Quote Originally Posted by Erod View Post
    Hmmm. So has our bailout handout we gave them just evaporated into thin air? Did it help one iota?
    Yea, it kept them afloat long enough for the UAW to grab 55% control of Chrysler. Another handout is on the horizon to keep them treading water until they can screw the bond holders, paying them pennies on the dollar.

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    Re: Chrysler to file for bankruptcy

    Quote Originally Posted by PeteEU View Post
    Sorry but so far here we have had...
    ...no one saying that it was ALL the unions' fault, as per your statement.
    The quotes in your post prove this. Thank you.

    Considering that the truth is more complicated to say the least, and in that truth the unions are hardly to blame for all or even a majority of the problems of the 2 car companies.
    What level of blame do you place on the unions, and why?

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    Re: Chrysler to file for bankruptcy

    Quote Originally Posted by PeteEU View Post
    Sorry but so far here we have had:



    And


    While others have corrected this and said it is due to the bond holders, then there is no mention of why the car companies are in this state other than the usual blaming of the unions.

    Considering that the truth is more complicated to say the least, and in that truth the unions are hardly to blame for all or even a majority of the problems of the 2 car companies. That is of course not saying that they are without blame. The main reasons GM and Chrysler are in the pickle they are in, are pure and simple.. crap product and woeful strategy for decades and poor leadership. Out of this poor leadership came the union contracts that the right seem to blame for everything.

    It is sad to see Chrysler go down, and will be even more sad to see GM, the pilar of the American industrial machine and the American dream go belly up, but lets face it.. it is all their own doing and blaming a 3rd party is a pathetic excuse.
    (How many "centrists" do we have who reliably spew the left-wing view of things? Why can't you people just say what you are? What do you have to hide?)

    When the car company which sells the most cars in the world -- GM -- can't compete with the other companies because their labor contract obligations are so much higher, where does that blame go?

    Yes, GM was also a poor market adapter. But despite that, it still sells more cars than anyone. And the fact of the matter is, their labor costs are much, much higher than the competition. If they were comparable, they'd be profitable.

    That's simple math.

    Labor unions, like any other big organization, CAN be greedy, they CAN have too much power, and they CAN be to blame for a company's failure.

    To turn your own "reasoning" around on you, are you saying that they never can? If not, why couldn't it be in play here?
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    Re: Chrysler to file for bankruptcy

    Chrysler filing for bankruptcy - Apr. 30, 2009

    Here's the article for those interested. Color me shocked and surprised.

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    Re: Chrysler to file for bankruptcy

    Some blame the unions. Some blame Bush. Some blame Obama.

    I blame Chrysler itself. Why? Because, while other automakers were designing for the future, Chrysler continued to assume that the buying public still wanted big cars that could pass everything but a gas station.

    Chrysler deserved what happened to them. A company that cannot keep up in the marketplace, and is unwilling to change with the times, deserves to go under.
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    Re: Chrysler to file for bankruptcy

    Quote Originally Posted by danarhea View Post
    Some blame the unions. Some blame Bush. Some blame Obama.

    I blame Chrysler itself. Why? Because, while other automakers were designing for the future, Chrysler continued to assume that the buying public still wanted big cars that could pass everything but a gas station.

    Chrysler deserved what happened to them. A company that cannot keep up in the marketplace, and is unwilling to change with the times, deserves to go under.
    There was a retired engineer from Chrysler who basically said the same thing on NPR this morning. He said the PT Cruiser was over weight and had a crappy engine with low mileage.

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    Re: Chrysler to file for bankruptcy

    And the taxpayer is forking over $8billion for the bankruptcy. That is more than the $6.9billion the government and creditors were haggling over. BO and Congress are completely useless.

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