Chrysler, R.I.P.

Of course Chrysler is doomed. Anyone who has worked in the home improvement industry could have told you that when Nardelli became CEO. See there used to be this home improvement industry leader named Home Depot,. Well they appointed Nardelli CEO one day. Let's just say that more than one Lowe's executive has said that Nardelli as CEO of Home Depot was one of the best things that could have ever happened for Lowe's. Home Depot started it's decline and all the time Lowe's became more and more of a powerhouse.

When Chrysler goes belly up just keep an eye out for where Nardelli ends up next. If you own stock in that next company, as soon as they pull out the chair for Nardelli, sell that stock otherwise it won't be worth much later.

GM's plan is inefficient and not in the taxpayers' interest.

GM borrowing gov't $ to get Chrysler's already borrowed $ for operating capital? Why not just get the operating capital loan direct from the gov't?

Also, how does GM's plan benefit taxpayer when it appears to increase job losses and decrease competition when GM has no use for most of Chrysler. Cerberus can breakup Chrysler (as will GM) and sell (rather than mothball) pieces directly to firm's that value them and keep more employed. Many, including GM, value Chrysler's minivans and Jeeps. Some, like Renault/Nissan, may value the new pickup line and dealer network. A few, like Chinese and Indian auto manufacturers, may value the car lines and dealer network.

another question, what happens to all the employees at the THOUSANDS of chrysler dealers?

this is a farce. GM is the dying dinosaur of a company here, not chrysler. other than the vette, nothing in the gm line-up has been truely a new platform in years. their engines outside of the LS series are junk. they owe more in pensions than they can ever pay. what is wrong with this picture? GM is the company that needs to die.

I am puzzled as to why everyone wants to write Chrysler off so quickly. With around $10 billion in cash, they seem to be doing ok compared to GM, hence the reason GM wants to purchase the company. So if the merger never happens and things remain the same Chrysler still has close to $10 billion dollars, and what does GM have? Chrysler stated this past week that it is resizing itself to realign with the changing economic problems. The company still has viability to it. Never count these guys out, there is a scrapiness to them that remains even though ownership has changed over the years. The issues with the union will work themselves out and the industry will change, but one thing remains the same: People still need Automobiles to get to and from work.

Dear vstillwell,

You folk blame the politicians?

It isn't Republicans or Democrats or Greenies or Libertarians. Our society is made up of selfish, cheating, self-serving hedonistic hypocrites, including you. You think "everyone for themselves" was only going to happen in New Orleans after Katrina?

You ain't seen anything yet - this will take years to clean up and if democracies around the world survive at all it will be a much different world by 2020.

Ladies and Gentlemen,

It is sad but all things must end; unfortunately in this show "the fat lady has sung, changed her clothes and left the building".

We need to retool more than the automotive industry - America is watching it's fall, in color and on cable and the elected leader will not be able to change a thing.

Ladies and Gentlemen,

It is sad but all things must end; unfortunately in this show "the fat lady has sung, changed her clothes and left the building".

We need to retool more than the automotive industry - America is watching it's fall, in color and on cable and the elected leader will not be able to change a thing.

It is all a management problem. Management has not looked over its shoulder to see what the competition is doing. If it can give out big union settlements and compete, then OK. But if the competition is closing in, then management needs to sharpen its pencil and tell the unions that it cannot afford the demands. It is management that gives the unions their power as they have the money. (The man who has the gold makes the rules.) Management lately has been rolling happily down the road not minding their business and assuming that they can pass the costs along to the customer. The customers are finally getting wise and are saying no!!! Now the difficult part is how to back track with the Union to get everything balanced again. One of the problems lately is that management has been squeezing its engineers with no raises and reduced benefits with the idea of saving money to the point that they cannot attract good talent to redesign new cars. Now what do they do? It is all a management problem in that they have not been watching their business and they even get bonuses for their lack of awareness.

It is all a management problem. Management has not looked over its shoulder to see what the competition is doing. If it can give out big union settlements and compete, then OK. But if the competition is closing in, then management needs to sharpen its pencil and tell the unions that it cannot afford the demands. It is management that gives the unions their power as they have the money. (The man who has the gold makes the rules.) Management lately has been rolling happily down the road not minding their business and assuming that they can pass the costs along to the customer. The customers are finally getting wise and are saying no!!! Now the difficult part is how to back track with the Union to get everything balanced again. One of the problems lately is that management has been squeezing its engineers with no raises and reduced benefits with the idea of saving money to the point that they cannot attract good talent to redesign new cars. Now what do they do? It is all a management problem in that they have not been watching their business and they even get bonuses for their lack of awareness.

Wish there was some way GM could be kept from canabalizing Chrysler.

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