Chrysler files for Bankruptcy Chapter 11

[Batphreak]

I don't think the engine is gone in Dodge's yet. According to the press release the plant is just idle until Dodge's plant starts up again.

http://www.cummins.com/cmi/content....enuId=4&overviewId=15&dataId=2944&menuIndex=0

Is the inside scuttlebut different?

 

[Grizzly]

Cummin Diesel Engine shut down is only temporary, which will still hurt many workers. I believe more devastating than that is the 789 Chrysler Dealerships shuting down, which is approximately 25%. Five Dealers in New Mexico are on the Shut Down list.

 

[Bob4x4]

The dealership shut down has been in the agenda for about 2 years already as part of the Genesis program. They have target locations where they want dealers to be and all dealers will soon have to be full line... ... Dodge,Chyrsler,and Jeep. Many of the dealers that were on the hit list were Jeep hold out dealers. They were at locations tied to other mfgs such as

Ford and Gm sales lots.

The one that surprised me was Carson Dodge in Nevada... ..... always a big TDR supporter.

 

[HBarlow]

... ..... The one that surprised me was Carson Dodge in Nevada... ..... always a big TDR supporter.

I think if you look at the list again you'll see it was Carson Jeep, not Carson Dodge on the franchise cancellation list.

 

[Bob4x4]

That's cool. I guess I was more concerned closer to home So carson Dodge will probably pick up the Jeep franchise eventually at the same location as the Dodge store

 

[SWithrow]

Chrysler Dealer's close

Here is a list of Dealers that will close

http://msnbcmedia.msn.com/i/msnbc/sections/business/Chrysler_dealers_list.pdf

 

[Grizzly]

Here is a list of Dealers that will close



http://msnbcmedia.msn.com/i/msnbc/sections/business/Chrysler_dealers_list.pdf

Is there a list that's broken down by state?

 

[HBarlow]

I don't think so. FATCAT posted the list several days ago and it was in alphabetical order by dealer name. You have to read through the entire list or look for certain dealers in the alphabetical listing.

 

[jray]

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.

It's a little late but, stop the bailouts and then suspend the federal income tax for a year. I'm sure there would be alot of vehicles sold.

 

[SWithrow]

Is there a list that's broken down by state?

You can use the search function in Adobe to search your State.

 

[Gary - K7GLD]

It's a little late but, stop the bailouts and then suspend the federal income tax for a year. I'm sure there would be alot of vehicles sold.

Add to that, drop the sales tax on new vehicles, as well as the first 3 years or so license fees - as well as the direct operational taxes the auto manufacturers pay the state and fed (NOT the taxes on CEO and other white collar pay and bonuses) for 5 years or so...



But naahhhh - that targets the PUBLIC/taxpayers too directly, and leaves the state and Federal government out of the $$$ loop...

 

[Gary - K7GLD]

Looks to me like the dumbest thing the UAW and it's members could have risked their pension $$$ on!



IF the UAW in Chrysler board meetings votes successfully to cut ANY operation to produce profits, the membership will stupidly rant and rave about being "sold out" by their union - but if the UAW stonewalls on cutting inefficient operations to maintain worker's pay or benefits - they and Chrysler stand to lose EVERYTHING!



Looks like a likely wake-up call for the UAW and members, and a potential lose/lose situation to me...

YUP - and as seen in today's automotive news:



GM, UAW in dispute over imports and plant closures - Yahoo! Finance



Looks like it's starting in earnest - does the union go with a plan proposal that loses some of their member's jobs - but improves chances of GM survival, and the survival of most remaining UAW jobs - OR, do they stonewall for keeping the more costly manufacturing processes and locations inside the USA - and risk losing EVERYTHING...



I'm betting they'll cut off their noses to spite their faces - and then lose the whole enchilada...

 

[LBARTLETT]

Gary, I'm think you've got it pegged



those without always want from those that do until they're in the position to be considered those that do, then everything changes, it's human nature, the want to survive, everythings ok as long as it "doesn't effect me"



That's why companies have CEO's, Chairman's and relatively small voting Board's, someone to call the shots, we've just had many calling th shots who shouldn't have been in that position, especially in congress



it will be interesting to see how Calif. plays out, I don't think the Feds can bail a State out or that would be taxation without representation

 

[HBarlow]

I'm afraid it's very unlikely that the socialists will consider tax cuts. Before the year is out the socialists will announce that the previous administration left things in such terrible shape that they have no choice but to increase federal income and corporate taxes. They'll spin it by claiming it's only on the rich, the mantra of the socialist party, but basically everyone working or receiving income will be squarely in their sights.

 

[bheiting]

On the evening news tonight a doomed Chrysler dealer was being interviewed.
He has 30 days to get rid of his inventory. Cars were marked down $15000.
That is just the start. The deals are comin. With the Obama's and Bush's
deficits you can forget about tax cuts. The poor can't pay taxes and the rich
won't, so guess who will.

 

[Gary - K7GLD]

In a way, it's sort of a shame that I only recently got my '02 modded to exactly the point I want it to be - only a bit over 60K miles, looks and runs GREAT, either empty or towing. BUT, I have little doubt that it is a buyers market for new vehicles - and as an old and long-time wrench-spinner, not many worries about warranties - the one on my '02 was null and void a month after I bought it! :-laf

 

[HBarlow]

On the evening news tonight a doomed Chrysler dealer was being interviewed.
He has 30 days to get rid of his inventory. Cars were marked down $15000.
That is just the start. The deals are comin. With the Obama's and Bush's
deficits you can forget about tax cuts. The poor can't pay taxes and the rich
won't, so guess who will.

Why would a dealer have only 30 days to sell his inventory?

The closing list announced by Chrysler simply means that franchise agreements for dealers on the list will not be renewed when they expire near the end of 2010. They can't be forced to close, Chrysler has no authority to do that. I would guess that all current Chrysler dealers can continue to operate normally even ordering new Chrysler products for the next few months. I think the "closing in 30 days" is just a marketing gimmick that dealer is using.

$15,000 discounts have been available for at least a year for informed buyers.

 

[BrianJ]

Why would a dealer have only 30 days to sell his inventory?



The closing list announced by Chrysler simply means that franchise agreements for dealers on the list will not be renewed when they expire near the end of 2010. They can't be forced to close, Chrysler has no authority to do that. I would guess that all current Chrysler dealers can continue to operate normally even ordering new Chrysler products for the next few months. I think the "closing in 30 days" is just a marketing gimmick that dealer is using.



$15,000 discounts have been available for at least a year for informed buyers.

In essense they can be forced to close by loosing their franchise agreement, as there are other attributes to be considered. The loss of the franchise would very well likely impact the dealers financing and/or lease agreements (if they don't own the builing and land they are in). A financial institution would be foolish to lend to a dealer under such circumstances.



So while Chysler perhaps cannot force the closure per se, in reality it certainly is the nail in the coffin.

 

[surfbeetle]

One of my coworkers has a 06 Charger. He likes to go to John Hine in San Diego. He was told that they will still be able to service them but soon won't be able to do any warranty work. BTW, this dealer also has Mazda and Pontiac. I guess it's soon to be Mazda only.

 

[HBarlow]

In essense they can be forced to close by loosing their franchise agreement, as there are other attributes to be considered. The loss of the franchise would very well likely impact the dealers financing and/or lease agreements (if they don't own the builing and land they are in). A financial institution would be foolish to lend to a dealer under such circumstances.

So while Chysler perhaps cannot force the closure per se, in reality it certainly is the nail in the coffin.

Of course a dealer will either close or become a used car lot WHEN the franchise agreement ends late next year. My point is there is no reason for a dealer to announce he is closing in 30 days unless he was already in major financial trouble not due to anything Chrysler is doing.