uh oh, chrysler closing ALL plants for 1 mos

[Rsv1000R]

Originally Posted by ducati_atx

or we could continue paying them billions and billions of dollars to subsidize their losses. Perhaps we should just put huge tariffs on foreign auto imports so that we dont have to change a thing and pass the cost on to american people while we're at it.


This isnt a short term gig - the Big 3 have been pretty good at losing money well before the credit crunch and house bubble.

We haven't paid anything yet, and if they close it definitely will cost money, if it's a loan, and they can restructure their labor costs I think they can make it. But restructuring their labor will move the retires over to the federal program (or at least I believe it will). So that's going to be a wash.