|
posted to rec.boats
|
|
external usenet poster
|
|
First recorded activity by BoatBanter: Dec 2008
Posts: 1,185
|
|
Chrysler Plans Month-Long Shutdown
Canuck57 wrote:
"Boater" wrote in message
...
Chrysler says to shut down all production for month
Wed Dec 17, 2008 6:27pm EST
DETROIT (Reuters) - Citing a credit crisis and dwindling sales, Chrysler
LLC on Wednesday said it would shut down all of its manufacturing
operations from the end of this week for at least a month.
The blanket shutdown marked a deepening of the financial crisis for the
embattled U.S. auto industry and came as Chrysler and its larger rival
General Motors Corp both seek to shore up cash as they seek a federal
bailout they say they need to survive.
Chrysler, considered the weakest of the Detroit automakers, made the
announcement on its plant shutdown in a letter sent on Wednesday to its
employees, suppliers and the United Auto Workers union that was also
posted on its website.
Chrysler said its dealers were getting car shoppers into showrooms but
losing between 20 percent and 25 percent of those potential sales because
of the lack of consumer financing for new car purchases.
They are only weak because Cerberus took the cash out now wants to pawn the
dog on the US tax payers.
http://www.businessweek.com/bwdaily/...n_id=rss_daily
Now I wonder what happened to that $11 billion on Chrylsers books in
October? After all that is why GM wanted to merge.
Hint, this is a FRAUD scam on US citizens!!!
The idea all along for Cerberus was to buy Chrysler, strip it's valuable
assets for billions of profits up until earlier this year, then repackage
the dog parts and dump it on main street.
Isn't that the modern MBA Way?
|