GM + Chrysler . . . a done deal?

Before election day!

This may get a few people thinking a bit harder before they hit the polling stations.

It would appear that with both direct and indirect impact, another 90,000+ people will be out of work following this marriage.

With the demise of so many model lines proposed, I'll wager that the job losses will be more than that . . . not even counting the spinoff jobs that will disappear.

Scary.

GM and Chrysler have been circling the bottom of the bowl for decades now. If you like hnaging out on the side of the highway waiting for a tow truck go GM and Chrysler. Ford and Saturn are all the good (not great) the US has left.

Well it looks like the Merger is on hold for now!
www.allpar.com...

I work at a Chrysler, Jeep and Dodge dealership so I am not for the merger as it may force thousands of dealerships to close their doors.



"edit for spelling"

[edit on 31-10-2008 by iggster]

reply to post by stikkinikki
Not sure where your mis-infromation arises from, but GM and Chrysler both surpass Ford in Reliability and durability, it's the Fix Or Repair Daily you will find on the side of the road or burning up in someones garage. If Ford would listen to customers and the dangers they imposed on consumers for the past 30 plus years they may of had a good vehicle. How many times has Ford recalled vehicles for fires? Many of the same issues keep returning to Ford because they try to hard to skimp on supplier prices, so instead of fixing the problems they just keep buying the same old garbage that has caused so many public know problems, so please get your facts straigh prior to posting, if you Like Fords thats great, keep buying them its good for America, but don't slam other American companies that your real complaint is you don't buy them, not there not a good quality vehicle.

reply to post by stikkinikki




Saturn is owned by GM

Although nothing in the print media, WWJ Newsradio 950 in Detroit said GM has pulled out of any further merger talks with Chrysler.

The done deal is . . . well . . . dead done diddly doomed.

What's next for the Big Three . . . clearly Ford says they have enough liquidity to make it to May of next year and GM says they've got just enough cash to make it through year's end.

All bets, they say, are off after that.

Link to GM's plight

the thing you may not hear on the media about the big 3 is that in the latest years they turned there focus from building and selling cars to building there LOAN book and SELLING more debt.

Now they are hurting badly from poor car sales, and tightening lending conditions. But it you give the banks money, you better give them money, (otherwise million or two million jobs WILL BE LOST) and regulation should be put in place to limit the % size of there financing/lending operations

the larger jobs figures is based on a recent study that has done the rounds on bubble vision and was explained that many in the chain including suppliers and such would also lose there jobs, as the shock waves would be sent out.

So keeping in mind we are playing in a corrupt system, and that ain't changin any time soon, the big 3 DESERVE a bailout more than the banks did. and they should get one based on the system we are living in

Bailing out the auto makers is like putting all your money in the toilet and hitting the flush button. They would suck up 200 billion and be back for more in less than a year. They will never be profitable again and those 2 million will be out of work soon enough anyway. Sorry, it's the truth...

I agree. It's one thing to bail out banks because they are the oil that lubricates the economic machine, but spending $50 Billion on some car makers who have been the walking dead for at least a couple of decades?

That wouldn't happen on my watch.

JK