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Thread: Chrysler to file for bankruptcy

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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.

    Chrysler: Outperforms Rivals

    The big news at Chrysler LLC is the fact its sales weren't as bad as its chief Detroit rivals, down 44 percent overall versus the 48.4-percent drop for Ford and the 52.9-percent slide for GM.

    He also said that without the drag of fleet-sale declines, Chrysler improved its share of retail U.S. sales from 9.6 percent in February 2008 to 11.1 percent last month.

    Only the Jeep Wrangler (+28 percent) and Dodge Journey crossover (+522 percent compared with a launch month last February) posted positive sales. Nonetheless, even a few models with improved sales bested the performance of many automakers in February.

    February Car Sales: Fearful Americans Hunker Down, Steer Clear of Dealer Showrooms - Auto Observer

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    Re: Chrysler to file for bankruptcy

    Quote Originally Posted by Redress View Post
    I work in the auto industry in Michigan, for a tier 1 supplier. Some interesting things to note. Most parts we make for GM we ship to GM plants in Canada. Chrystler is about 50/50 to Canada. Toyota is 100 % shipped to Toyota plants in the US. People need to get over this notion of American auto makers and Japanese auto makers, Toyota is an important part of the US economy now, and has been for awhile. They are no longer the enemy.

    It is also important to note that the Toyota parts we ship are held to significantly higher quality standards. As an example, paint standards that GM and Chrysler adhere to are much more lenient than Toyota paint standards.

    Another thing, having done part sorts in both GM and Chrysler plants(we don't make anything for Ford), I will definatly say that UAW workers at those final assembly plants are a big part of why these companies are doing poorly. People who have held their job for 20 years, can make rate for the day in 2 hours, and refuse to go over rate. Considering the money these people make, to not do your best is just sad. The way they treat nonunion workers who come into these plants is also sad by the way.
    Good information and factual; Edward Deming (one of my heroes and a statistician) was rejected by US manufacturers when he talked about quality control techniques, but the Japanese embraced him.

    On the discussion about Toyota as well as many other foreign auto makers manufacturing in the USA, where are these plants all located and what is the difference in wage rates between their rates and the rates paid by US makers?

    The answer should all but dispel the notion that UAW wage and benefit rates are not a significant factor in their impact on profits.

    But the problems being faced by US manufacturers mirror the problems of the entire industry; demand has dropped SIGNIFICANTLY and there are no signs of improvement even with all the deficit producing bills passed by this Administration.

    By the way, the best selling Hybrid in the world, the Toyota Prius (I think they came with the Obama sticker on them in 2008), is yet to produce a profit for Toyota. Good thing their profits are not dependent on Prius sales eh?

    There is a serious question as to whether Toyota can make money on the Prius. Is it expensive to make because of its complexity?

    [MSNBC] Hybrids Hype? Does Toyota make money on the Prius? - Alternative Energy dot Com

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    Re: Chrysler to file for bankruptcy

    Quote Originally Posted by Truth Detector View Post
    Chrysler: Outperforms Rivals

    The big news at Chrysler LLC is the fact its sales weren't as bad as its chief Detroit rivals, down 44 percent overall versus the 48.4-percent drop for Ford and the 52.9-percent slide for GM.

    He also said that without the drag of fleet-sale declines, Chrysler improved its share of retail U.S. sales from 9.6 percent in February 2008 to 11.1 percent last month.

    Only the Jeep Wrangler (+28 percent) and Dodge Journey crossover (+522 percent compared with a launch month last February) posted positive sales. Nonetheless, even a few models with improved sales bested the performance of many automakers in February.

    February Car Sales: Fearful Americans Hunker Down, Steer Clear of Dealer Showrooms - Auto Observer
    I have 2 points to make:

    1) Chrysler increased its share from 9.6 to 11.1. Big deal. Not bad for one year, but Chrysler's problems were created over the course of decades. Back in the old days, Chrysler was one of the big 3. Chrysler did not change with the times, and neither did Ford nor GM. The result is the poor market share they have today, compared to what they had back them. Nissan and Toyota pushed gas mileage, and they won because of it.

    2) I notice your link left out fleet sales, and there is a good reason for that. I will post from experience on that. One of our trucks just blew a head gasket. We are now in the process of purchasing a new vehicle for our own fleet. As an American Standard Customer Care Dealer, we get a special deal on fleet purchases. We have 2 ways to go. a) Ford, which offers an Econoline van that gets decent gas mileage. With our discount, we can purchase one new for about 12k. Add a bulkhead, storage racks, and a ladder rack, we end up paying about 16k. GAS MILEAGE NOT TOO BAD. b) Chrysler, which offers us a Dodge Ram pickup truck. It costs us just a little more, and no bulkhead or storage racks are needed. But its gas mileage is horrible. BAD GAS MILEAGE. Since our crews drive hundreds of miles per day running service calls, guess which vehicle we are going to purchase? The answer is a no-brainer. There is a reason for the drag on Chrysler's fleet sales numbers. Nobody who maintains a fleet of vehicles wants to purchase anything from Chrysler.
    Last edited by danarhea; 04-30-09 at 04:06 PM.
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    Re: Chrysler to file for bankruptcy

    "Gold gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head."
    - Warren Buffett

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    Re: Chrysler to file for bankruptcy




    Sure yes bush, bush as well. Obama fully supported that money being thrown at it as well.



    Now he is denying money because he is in a fight with the bond holders.



    Its a mess. A mess both of these presidents are screwing or have screwed up royally.
    Let evil swiftly befall those who have wrongly condemned us

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    Re: Chrysler to file for bankruptcy

    Quote Originally Posted by Reverend_Hellh0und View Post
    Its a mess. A mess both of these presidents are screwing or have screwed up royally.
    I completely agree with that and the Senate and House haven't been any more positive in the matter.
    "Gold gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head."
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    Re: Chrysler to file for bankruptcy

    Quote Originally Posted by Gibberish View Post
    I completely agree with that and the Senate and House haven't been any more positive in the matter.

    yes, it is a royal **** up top to bottom and they are only making it worse.
    Let evil swiftly befall those who have wrongly condemned us

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    Re: Chrysler to file for bankruptcy

    Quote Originally Posted by danarhea View Post
    2) I notice your link left out fleet sales, and there is a good reason for that. I will post from experience on that. One of our trucks just blew a head gasket. We are now in the process of purchasing a new vehicle for our own fleet. As an American Standard Customer Care Dealer, we get a special deal on fleet purchases. We have 2 ways to go. a) Ford, which offers an Econoline van that gets decent gas mileage. With our discount, we can purchase one new for about 12k. Add a bulkhead, storage racks, and a ladder rack, we end up paying about 16k. GAS MILEAGE NOT TOO BAD. b) Chrysler, which offers us a Dodge Ram pickup truck. It costs us just a little more, and no bulkhead or storage racks are needed. But its gas mileage is horrible. BAD GAS MILEAGE. Since our crews drive hundreds of miles per day running service calls, guess which vehicle we are going to purchase? The answer is a no-brainer. There is a reason for the drag on Chrysler's fleet sales numbers. Nobody who maintains a fleet of vehicles wants to purchase anything from Chrysler.
    No I did not; had you read the source I quoted, it stated that fleet sales were a HUGE drag on profitability and a segment of the business Chrysler wants to get out of.

    But the main point of emphasis from Chrysler vice chairman and president Jim Press was separating retail performance from fleet sales. The Detroit automakers have been increasingly fleeing unprofitable fleet sales (that used to maintain ambitious assembly-plant production quotas) as each has initiated drastic downsizing of their manufacturing operations.

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    Re: Chrysler to file for bankruptcy

    Quote Originally Posted by EulyssElvisCaustic View Post
    ===============================

    looking pretty comes LAST in decision making in cars?????

    you havent met MsCaustic
    Sigh, that is how my wife operates as well.

    I'm saying what about gas mileage, engine compartment size, maintenance costs etc.

    She says I think I'll look good in this one.....
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
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    Re: Chrysler to file for bankruptcy

    Quote Originally Posted by Khayembii Communique View Post
    How are you shocked or surprised about this? This has been pretty much a sure thing ever since the government loaned them all that money with the restructuring obligations.

    It should be noted that this is I believe Chapter 11 Bankruptcy Protection and not Chapter 7. I discussed this here a week ago.

    "It should be noted here that while Chrysler is pretty much for sure going to file Chapter 11, some are starting to predict that it will still ultimately end up filing Chapter 7, which would put a lot of people out of their jobs and be a large contributor to the second wave of the crisis that is about to commence in a few months."
    If it wasn't clear, "Color me shocked and surprised" was sarcasm.

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