Chrysler files for Bankruptcy Chapter 11

[Grizzly]

It's official, Chrysler filed for Bankruptcy Chapter 11 today, 30 Apr 09. I believe it's a good move and they will continue producing our beloved Heavy Duty trucks.



Click on Chapter 11.

 

[Bob4x4]

After a 30-60 day vacation ... ... ... .....

 

[bheiting]

Let's hope someone pays the suppliers. If they go under, they take the Big 3 with them.
Interesting Chrysler owes Cummins 44 million.

 

[RVTRKN]

I don't expect it to last for very long, being propped up by a Banana republic Gov. and a car company that has the worst vehicles ever known to mankind. And then there's the UAW, giving themselves raises for every truck/car they sell with unlimited benefits for life when they retire, at full pay as well.



I was hoping the Obama team would leave them alone and let the Company just go into chapter 11 unmolested, that way they could reorganize themselves without Obama dictating terms to save the UAW, that caused the problems in the first place. Its not a big surprize that the leftest media never mentions this.



Its not the latest economy woes that caused their failure, but the expensive labor and retirement not allowing them to to build a surplus for just such an emergency. I have a great analogy that can explain it, a Damn holding back water and releasing it only when necessary. Like we have here the South West, Lake Powell holds back the water to Lake Mead that serves a large population with energy and water, when the environmentalists sued the feds to release water that they claimed was killing the Grand Canyon due to the lack of a 100 year flood. They released millions of acre-feet of water to simulate the 100 year flood 10 years ago and now that were in a drought, Lake Mead is 100 feet below normal and the feds are threatening to cutback power and water as a precaution.



Don't expect them to survive, and if they do, its not going to be the same. I'm just glad I have two 3rd gen trucks that will last long enough that Ford will have the Cummins in a light duty truck by then. I know, it is hard for me to say it, but I'm not going to buy a GM with the D/A.



Just be thankful their is a large aftermarket demand for Cummins in the light duty truck version, so we can extend the lives of our trucks farther than the 500K mile expected life spans

 

[EGroeneveld]

I don't know about you but are you willing to support Obamo Motors and UAW by purchasing one of their vehicle since they will be owning most of the company? Lots of my friends have stated that the governmental interference for union/democrat votes has turned them off to ever buying again anything from GM or Chysler.

 

[Batphreak]

Don't forget about what the Germans did to Chrysler. When Diamler purchased then Chrysler was sitting on a large stack of cash, that and the Jeep brand are the 2 reasons Diamer wanted them (Diamler was not doing so hot at the time and they needed to find cash and product before they got in trouble). In the years they had majority ownership Diamler proceeded to use all of Chrysler's cash and then saddled them with a huge portion of Diamler's debt. That's how Cerberus got Chrysler, they didn't actually pay any money, they just assumed all the debt Diamler stuck to Chrysler.

 

[HBarlow]

Several interesting posts that hit the target dead center.

Personally, I don't believe the UAW is capable of running anything but it's collective mouth for very long and no, I wouldn't be very interested in buying one of their products.

I sure as blank would not buy a product made by Government Motors with a V8 diesel engine.

The supreme irony here may be that Cerberus and Daimler may have traded a company gutted and wrecked by equal shares of bad business decisions and overpriced and burdensome labor rules to the UAW in return for Chrysler's debt owed to the UAW's pension and healthcare fund. And it was done with the bullying of the new socialist government whose members couldn't run a convenience store. It is sad to watch the demise of a once great car (and truck) company but humorous to watch the government and union fools take it over.

I have a good Dodge Ram-Cummins truck which will last me many years.

 

[ttbird]

I'm tired of all your criticism without any positive ideas as to correct their short comings. If you have a better idea let's here it now! And I really don't think you have any.

 

[HBarlow]

If your post was addressed to me, you're correct. I have no idea how to fix the problem before the next federal election. I voted against the mess we're in and will vote against it at every election.

I have purchased three Dodge-Cummins trucks and one Chrysler 300C hemi sedan since 2001. I did my part.

IMO bad management during the Daimler era and the burden imposed by the UAW created the problem. Now the UAW and the socialist government can fix it . . . or not. It's not my problem.

 

[RVTRKN]

I'm tired of all your criticism without any positive ideas as to correct their short comings. If you have a better idea let's here it now! And I really don't think you have any.

Here is a positive idea, "don't buy a Fiat that is worthless". Have you ever driven in Italy or Germany?, and if you have, you would understand the positive side of that statement.



Hey, what do you want?, we just lost the best light duty truck in the industry to a two bit President, who on purpose allowed a good company to fail to save the unions. The only correct decision FMC ever made in its history is to tell Obama to take a hike with his, and yes he thinks its his, money. Its no accident he gave them money. It sure is terrible how the Obama administration, oh thats right, I mean the left media, is now going after the share holders who are not willing to go along with the program, even to go as far as identifying them by name. Where do we live, USSR. I will not buy a Dodge truck until its been confirmed that the government has absolutely nothing to do with it, which means I probably will have to buy a Ford when my CTD's are so far gone that I have no choice.



Here is another positive statement, I own title to two great Dodge pickup trucks, and that they are of the later MY's so they will last me a long time. BTW, because they are so new and if I want to sell one of them, they will get a better price than they have been worth lately. How is that for a positive statement?



So what is your positive suggestion?

 

[ttbird]

I really did not address my post to anyone in particular. I just wanted to hear some ideas for solutions instead of the blame game. I wish I knew of something that would solve all Dodge's problems, or for that matter the country's many problem, but I don't have any ideas, so I've kept quite. Wishing you all the best in these tough times.

 

[MarkStevenson]

well you should remember that it was not Obama that was in office when thet got there money it was George w Bush so lets try to remember that HE did not give them money

he said you need to have a plane before you get any more money not the same old

sh__ that got you here. And now that there in bankruptcy lets see if they can poll it off or not. One thing you have got to do is make a quality car that people will buy and not a

pice of sh__ like chrysler has done with most of its cars. And if most of the people now

feel like you and will not buy a chrysler or gm then we all will be driving fords

NOW THATS A HAPPY TOUGHT.

 

[MarkStevenson]

THOUGHT not TOUGHT

 

[radcam]

Here's a positive solution.

No Incumbents!!

After we get rid of all the slime, then term limits.

In the real world if you can't get a job done you get fired. In government it seems you get promoted.



Quit trying to blame a party. They are all at fault!

The politicians are more concerned with their "legacy" than they are in actually doing good for this country.

 

[AABEN]

RVTRKN I dom't know where you get your info!! I will tell you that DODGE has a dam good line of cars and trucks and as for the UAW they only get what the company will pay them. I hope you was talking about Fait. If all the big boys up top took a lot less pay and less bones and stop the open end expense account they would not be in trouble. Daimler sucked the money out of DODGE now it looks BAD for Cerberus. I will be happy when the 4 years are gone and the people wake up to what has gone wrong the last 4 years. I jest hope there is something left to save.

 

[rscurtis]

One of the issues that seems strange to me, and it is promoted by the MSM, is that Chrysler has no fuel-efficient cars, only pick-ups and SUV's. The fact of the matter is that every domestic Chrysler product except the Viper is manufactured with a Diesel option, but are for export only and not sold in this country. Even though some of these vehicles may not be considered world-class, I think there is a lot of untapped potential here. And this technology is here now, not "just around the corner" like electric cars and Hydrogen powered fuel cell vehicles, which many of us will not see in our lifetimes.

 

[Flying_gage]

His legacy is that he is going to be remembered as the democratic president who alienated the unions and lost elections. That is no small feat! Remember that state of ours called Michigan? Kind of a big deal in terms of electoral votes... .

I think I view that as a positive! I am a union member by the way.

Daimler put the shaft to Dodge. That is fairly objective and supported. The pre 4/30 managers had no stake really. What did they have to lose? It's a shame.

 

[Austin Diesel]

How about a 3/4 or 1/2 ton Cummins 4 cyl inline or V 4 with twin turbos and onboard hydrogen injection generators with diesel electric drives and a 2 speed rear end ???



That will run algae base diesel / no petroleum footprint or imported oil only domestic fuel energy



Seems we built Apollo rockets and went to the moon in 10 years when everyone said it couldnt be done BY Americans .

 

[bheiting]

Let's stop blaming the Democrats, Daimler, Martians, or whoever for Chrysler's problems. The management and union took care of themselves over the years and forgot they had customers. I'd like to see the company keep going so we can all get our rigs repaired and eventually get new ones. My personal view is that Fiat is only interested in the dealer network and will eventually dismantle the company. Chryslers cars are mediocre and the market is flooded with high quality ones. Doesn't look good to me. Hope I'm wrong.
My local dealer is a small family owned five star dealer that I would hate to see out of
business. Coincidently they started selling Chryslers in the last depression.

 

[Excessive Force]

here's a positive solution.

No incumbents!!

After we get rid of all the slime, then term limits.

In the real world if you can't get a job done you get fired. In government it seems you get promoted.



Quit trying to blame a party. They are all at fault!

The politicians are more concerned with their "legacy" than they are in actually doing good for this country.

well said...

Exactly right !!!!