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Chrysler Shutting Down!!!

A

Anonymous

Guest
Chrysler to Halt Production at All Plants for 1 Month (Update1)

By Mike Ramsey

Dec. 17 (Bloomberg) -- Chrysler LLC, the third-largest U.S. automaker, will close all 30 of its plants for at least a month at the end of shifts on Dec. 19 as it combats plummeting demand for vehicles.

The earliest the operations will come back on line is Jan. 19, the Auburn Hills, Michigan-based company said in a statement today.

Chrysler’s decision to suspend production comes after a 47 percent decline in U.S. sales in November. The automaker has asked for emergency bridge financing from the U.S. government to avoid collapse.

Two factories in Toledo, Ohio, that make the Jeep Liberty, Dodge Nitro and Jeep Wrangler will be closed until Jan. 26. The minivan plant in Windsor, Ontario and the Dodge Viper operations in Detroit will shut until Feb. 2, said Shawn Morgan, a Chrysler spokeswoman.


Chrysler financing arm may halt dealer loans: reports

By Sue Chang
Last update: 2:00 p.m. EST Dec. 17, 2008
SAN FRANCISCO (MarketWatch) -- Chrysler LLC's financing unit may temporarily halt loans to dealers as they pull funds from an account that is used to pay off these loans, according to media reports Wednesday. Almost $60 million a day is flowing out from the account, Chrysler Financial Chief Executive Thomas Gilman said, according to a copy of a letter provided by the Wall Street Journal. Additional withdrawals could "potentially force us to temporarily suspend wholesale financing," writes Gilman
 

kolanuraven

Well-known member
Of couse OT you know that some here do not believe that any of this is happening......


Rumor is, from an excellent source, that Ford is not far behind......not far behind at all.


If either GM or Ford follows ......the whole house of cards comes down, supplies, etc .,then what???


Just better hope that those little computer chips etc in our vehicles don't crap out anytime soon.
 
A

Anonymous

Guest
kolanuraven said:
Of couse OT you know that some here do not believe that any of this is happening......


Rumor is, from an excellent source, that Ford is not far behind......not far behind at all.


If either GM or Ford follows ......the whole house of cards comes down, supplies, etc .,then what???


Just better hope that those little computer chips etc in our vehicles don't crap out anytime soon.

Yep-- they were saying on the news today-- that many of these little companies that contract parts with the Big 3- do so for all 3-- and if even 1 falls, may not then be able to stay operating with the margins they work on- and then be unable to supply parts for any of the automakers left or replacement parts for those on the road....

BNSF railroad has sent out "furlough" warning letters to all their employees- notified them of no salary or benefits raises for the year (except for top supervisory people :roll: )- and warned them of further furloughs if any of the Big 3 auto makers happen to go under....
 

kolanuraven

Well-known member
A lot of these ' yahoos' here don't realize that the train/shipping industry will suffer also as they are the MAJOR ones hauling the cars from the ports to inland distribution centers.

That rock that some of these folks here live under....must've whacked them on the head at some time or the other. :roll: :roll: :roll:
 

per

Well-known member
Two months ago I had a load of Rye going to Oregon. The truck the broker sent had been hauling cars back and forth. He had not worked for some time already by then. The house of cards you speak of is already on its way down.

OT, is it Montana that doesn't allow a full load to be hauled? 31 ton on an A or B train that hauls 45 ton up here seems rather inefficient. On that note, there must be Rye supplies closer to Eugene than Calgary. :?
 

Cal

Well-known member
Hmmmm, why doesn't the government just force banks to make auto loans to low income and minorities that have no intention or ability to repay, and then sell the loans back to government backed loan clearinghouses, like they did with.....oh wait, that's a big part of why all this is happening.
 

jigs

Well-known member
this sucks! I am trying to sell an old Ford truck, and the market is doing this????? I am gonna be stuck driving this thing till it dies now....


Sandy, you need a purple Ford??
 
A

Anonymous

Guest
per said:
OT, is it Montana that doesn't allow a full load to be hauled? 31 ton on an A or B train that hauls 45 ton up here seems rather inefficient.

Not that I'm aware of...
 

Sandhusker

Well-known member
jigs said:
this sucks! I am trying to sell an old Ford truck, and the market is doing this????? I am gonna be stuck driving this thing till it dies now....


Sandy, you need a purple Ford??

Somebody in San Francisco might go for it....
 

jigs

Well-known member
Sandhusker said:
jigs said:
this sucks! I am trying to sell an old Ford truck, and the market is doing this????? I am gonna be stuck driving this thing till it dies now....


Sandy, you need a purple Ford??

Somebody in San Francisco might go for it....
I will leave the USA BEEF tag, but am keeping the powercat tag. unless you really want it!
 

aplusmnt

Well-known member
kolanuraven said:
Of couse OT you know that some here do not believe that any of this is happening......


Rumor is, from an excellent source, that Ford is not far behind......not far behind at all.


If either GM or Ford follows ......the whole house of cards comes down, supplies, etc .,then what???


Just better hope that those little computer chips etc in our vehicles don't crap out anytime soon.

Not sure anyone is denying less cars are being sold. But how is giving car companies billions going to make the average Joe buy a car?

If people do not want to buy a Chrysler then why should I give Chrysler my tax dollars? What they going to do pay people to come to work at the plant and play cards? If there is no need for cars there is no need for them.

These people priced themselves out of a job, when unions snowball demand for years and years eventually the snowball gets out of hand and is unstoppable, that is what has happened now.

Maybe if a auto worker did not make more money than many professions that had to go to college to learn their trade they would not have priced themselves out of jobs. They had great unions but now they have had to much of a good thing.

And seeing how Democrats are in the back pocket of unions there will not be much hope for us or them in the near future!

I would not buy a Big Three car now for any reason! Toyota for me! Screw the welfare union idiots!
 

aplusmnt

Well-known member
Saw on Cuvuto today the rest of this story. Probably the most important part that explains why these care companies are in so much trouble.

Even though the plants are shutting down for 4 weeks the employees will still get 90% of their pay. And if they were to shut down for 6 months they would get 80% pay while shut down.

The unions have priced themselves out of a market and Democrats are in the unions pockets so much this problem will never get fixed until we end up in a depression.

If I would get 90% pay I would love to be shut down for 30 days. :roll:
 
A

Anonymous

Guest
aplusmnt said:
Saw on Cuvuto today the rest of this story. Probably the most important part that explains why these care companies are in so much trouble.

Even though the plants are shutting down for 4 weeks the employees will still get 90% of their pay. And if they were to shut down for 6 months they would get 80% pay while shut down.

The unions have priced themselves out of a market and Democrats are in the unions pockets so much this problem will never get fixed until we end up in a depression.

If I would get 90% pay I would love to be shut down for 30 days. :roll:

But if the money isn't there to pay them--90% of nothing is nothing...The Enron employees found out that lesson- and at no fault of their own...
 

aplusmnt

Well-known member
Oldtimer said:
aplusmnt said:
Saw on Cuvuto today the rest of this story. Probably the most important part that explains why these care companies are in so much trouble.

Even though the plants are shutting down for 4 weeks the employees will still get 90% of their pay. And if they were to shut down for 6 months they would get 80% pay while shut down.

The unions have priced themselves out of a market and Democrats are in the unions pockets so much this problem will never get fixed until we end up in a depression.

If I would get 90% pay I would love to be shut down for 30 days. :roll:

But if the money isn't there to pay them--90% of nothing is nothing...The Enron employees found out that lesson- and at no fault of their own...

Be sure and cute and paste when that happens until then, they will be getting their checks in the mail for 90% while they set at home and watch TV.

You miss the main point, the fact that a union contract dictates they have to do this shows how absurd their contract is and why it has led to the point they are in now!
 
A

Anonymous

Guest
aplusmnt said:
Oldtimer said:
aplusmnt said:
Saw on Cuvuto today the rest of this story. Probably the most important part that explains why these care companies are in so much trouble.

Even though the plants are shutting down for 4 weeks the employees will still get 90% of their pay. And if they were to shut down for 6 months they would get 80% pay while shut down.

The unions have priced themselves out of a market and Democrats are in the unions pockets so much this problem will never get fixed until we end up in a depression.

If I would get 90% pay I would love to be shut down for 30 days. :roll:

But if the money isn't there to pay them--90% of nothing is nothing...The Enron employees found out that lesson- and at no fault of their own...

Be sure and cute and paste when that happens until then, they will be getting their checks in the mail for 90% while they set at home and watch TV.

You miss the main point, the fact that a union contract dictates they have to do this shows how absurd their contract is and why it has led to the point they are in now!

Oh I agree on some of the union contracts-- but just like Lou Dobbs said today- while wanting to put restrictions and limitations on the Auto workers unions and union workers--why did Congress/Repubs fight so hard against and refuse putting restrictions and limitations on the Banking and mortgage industry CEO's and management- allowing them to keep multi million dollar salaries, bonus's, and golden parachutes :???:

Sounds to me that if its fair for the goose- it should be fair for the gander...

But these union contracts will mean nothing if these corporations are broke, with no money to pay anything with- and the workers- and all the subcontractors/suppliers- and the dealers- etc. etc. are out of work-- and these other business's start closing and the dominos keep falling.....

You gonna go work in the soup kitchens :???:
 

backhoeboogie

Well-known member
kolanuraven said:
A lot of these ' yahoos' here don't realize that the train/shipping industry will suffer also as they are the MAJOR ones hauling the cars from the ports to inland distribution centers.

That rock that some of these folks here live under....must've whacked them on the head at some time or the other. :roll: :roll: :roll:

They didn't heat those factories with natural gas did they? :shock: :D
 

aplusmnt

Well-known member
Oldtimer said:
aplusmnt said:
Oldtimer said:
But if the money isn't there to pay them--90% of nothing is nothing...The Enron employees found out that lesson- and at no fault of their own...

Be sure and cute and paste when that happens until then, they will be getting their checks in the mail for 90% while they set at home and watch TV.

You miss the main point, the fact that a union contract dictates they have to do this shows how absurd their contract is and why it has led to the point they are in now!

Oh I agree on some of the union contracts-- but just like Lou Dobbs said today- while wanting to put restrictions and limitations on the Auto workers unions and union workers--why did Congress/Repubs fight so hard against and refuse putting restrictions and limitations on the Banking and mortgage industry CEO's and management- allowing them to keep multi million dollar salaries, bonus's, and golden parachutes :???:

Sounds to me that if its fair for the goose- it should be fair for the gander...

But these union contracts will mean nothing if these corporations are broke, with no money to pay anything with- and the workers- and all the subcontractors/suppliers- and the dealers- etc. etc. are out of work-- and these other business's start closing and the dominos keep falling.....

You gonna go work in the soup kitchens :???:

See you are like the rest of the Chicken Little's making it out like it is all or nothing. The problem is they will get a bail out and then pay 90% of pay to all employees for a month vacation paid for by us Tax payers.

It is possible for them to go bankrupt and come out of it as strong competitive company. It is impossible for 3 million jobs to be lost as they all act. Americans do need a certain amount of cars and we will pay to have that amount made. But for some reason politicians want us to pay to have more made than is needed, to keep everyone in a job instead of letting the markets dictate how many people get to work in auto industry and how many need to find a new profession!
 
A

Anonymous

Guest
aplusmnt said:
Oldtimer said:
aplusmnt said:
Be sure and cute and paste when that happens until then, they will be getting their checks in the mail for 90% while they set at home and watch TV.

You miss the main point, the fact that a union contract dictates they have to do this shows how absurd their contract is and why it has led to the point they are in now!

Oh I agree on some of the union contracts-- but just like Lou Dobbs said today- while wanting to put restrictions and limitations on the Auto workers unions and union workers--why did Congress/Repubs fight so hard against and refuse putting restrictions and limitations on the Banking and mortgage industry CEO's and management- allowing them to keep multi million dollar salaries, bonus's, and golden parachutes :???:

Sounds to me that if its fair for the goose- it should be fair for the gander...

But these union contracts will mean nothing if these corporations are broke, with no money to pay anything with- and the workers- and all the subcontractors/suppliers- and the dealers- etc. etc. are out of work-- and these other business's start closing and the dominos keep falling.....

You gonna go work in the soup kitchens :???:

See you are like the rest of the Chicken Little's making it out like it is all or nothing. The problem is they will get a bail out and then pay 90% of pay to all employees for a month vacation paid for by us Tax payers.

It is possible for them to go bankrupt and come out of it as strong competitive company. It is impossible for 3 million jobs to be lost as they all act. Americans do need a certain amount of cars and we will pay to have that amount made. But for some reason politicians want us to pay to have more made than is needed, to keep everyone in a job instead of letting the markets dictate how many people get to work in auto industry and how many need to find a new profession!

If you every see an opening for Idiots be sure and send your resume, you are well qualified.
 

hopalong

Well-known member
Doesn't look like Ford is asking for a loan right now!!!!!!
Holding it in reserve for 2009 in case things worsen for them!!
 
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