ANALYST: Chrysler can't survive even with gov't aid

[ducati_atx]

why not just let the company die?

pretty sure we could do ok without pontiac, buick, and chrysler.

[Chris S]

If Cerberus' filthy rich private equity owners aren't willing to put another dime in Chrysler, why should they expect the taxpayers to do so?

Fuck 'em, they bought Chrysler to make a quick buck, let them deal w/ the consequences.

[BobTheBiker]

agreed. I dont see any reason to keep a failing company alive longer. fuck, let em cease operaraions and let toyota or honda buy up the factories to expand their markets more.

[Rsv1000R]

Originally Posted by BobTheBiker

agreed. I dont see any reason to keep a failing company alive longer. fuck, let em cease operaraions and let toyota or honda buy up the factories to expand their markets more.

What makes you think this is going to happen? They're not going to buy up those factories, they don't need them, and probably don't want them where they're at. If you've noticed, they don't build cars in the same places that Detroit has factories. And that's probably for a reason.

[azoomm]

I'm so sick of us bailing everyone out. What the hell... they just said on teh news that the companies are sure they wouldn't be able to survive the next few WEEKS without the cash.

Like, this is a surprise??!? As if they didn't know, until now, that they only had months left to pay their bills, leases, employees??

How about, we don't give them any money to do with what they please... and it dies?

[Rsv1000R]

Originally Posted by azoomm

I'm so sick of us bailing everyone out. What the hell... they just said on teh news that the companies are sure they wouldn't be able to survive the next few WEEKS without the cash.

Like, this is a surprise??!? As if they didn't know, until now, that they only had months left to pay their bills, leases, employees??

How about, we don't give them any money to do with what they please... and it dies?

You didn't notice the economy blowup a couple months ago, kinda unexpectedly?

Did you read Honda's leaving F1?

[azoomm]

Originally Posted by Rsv1000R

You didn't notice the economy blowup a couple months ago, kinda unexpectedly?

Did you read Honda's leaving F1?

No, I saw that.

But, I'm curious... was it that the banks announced they were in trouble, and got bailed out. So, are the others truly in trouble and were looking at solutions for the past year - and saw them bailed so have their hand out? Or, were they just going to let it fail on it's own? Or, did they know they were in trouble?

Is it that one industry got bailed out - so the others are circling the wagons to all get money??

[HRCNICK11]

I live and work in Michigan and my company does support (with machines and service) the auto industry. My personal take on this is I would have rather gave a loan to the auto industry than to give a hand out to the banking industry.

But I'd rather not do either. Its too late with the banks and that pisses me off the people that are in Washignton to represent us did the opposite of what we asked for.

Again I think giving the autos a loan would be better than what was given to the banks.

In all truth if the US government was smart(they are not) they should give a tax break to people that invest in the auto industry. In other words give a 5 year no capital gains tax on all auto stocks. Then let the markets decide if people think in 5 years the auto company will be worth more than today they will lend there money to that company if not they will not.

Or go a step farther, the government could insure investments in the auto industry like they do a bank account. I'm sure many investers would love to buy stocks that have a insured value.

If either of the 2 things were done I would invest in Ford in a heart beat Maybe GM but not Chrysler.

[Corey]

Originally Posted by ducati_atx

why not just let the company die?

pretty sure we could do ok without pontiac, buick, and chrysler.

Not sure about the Chrysler situation, but GM is in a bind with Pontiac and Buick (and any of their other subdivisions). There are laws in many states that protect dealerships from GM pulling the plug on one of their brands. I don't recall the specifics, but if they were to shut down Buick or Pontiac, they'd have to pay out the nose to compensate the network of dealerships that carry that product. If Chrysler went tits up and declared bankruptcy, I believe that would be a different situation.

[ducati_atx]

Originally Posted by Corey

Not sure about the Chrysler situation, but GM is in a bind with Pontiac and Buick (and any of their other subdivisions). There are laws in many states that protect dealerships from GM pulling the plug on one of their brands. I don't recall the specifics, but if they were to shut down Buick or Pontiac, they'd have to pay out the nose to compensate the network of dealerships that carry that product. If Chrysler went tits up and declared bankruptcy, I believe that would be a different situation.

Which is why they need to file Chapter ?? (insert 13 or 11 there) so that they can bypass those and close down brands.


Pretty damn sure hummer can go too.