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Bridge loan to nowhere..
On Dec 6, 7:17*am, Tom Francis - SWSports
wrote: On Sat, 06 Dec 2008 07:22:04 -0500, Boater wrote: Tom Francis - SWSports wrote: http://online.wsj.com/article/SB1228...?mod=rss_opini.... Bankrupt them, downsize them, get rid of the onerous contracts and merge Chrysler with Ford. No bail out. Wall street brokerage house and bankers... Bankrupt them, downsize them, get rid of all management, and then blow up their buildings. No golden parachutes. Oh...and in all publicly traded corporations, no executive earnings to exceed 10 times the earnings of the average employee. Yeah, yeah, yeah, blah, blah, blah... By the way, when is the UAW going to fire it's Executives for getting them in this mess to begin with? Now that IS a very interesting quesiton. As the ship sinks what do the rats do? |
Bridge loan to nowhere..
On Dec 6, 7:17*am, "Eisboch" wrote:
"Tom Francis - SWSports" wrote in messagenews:s3ukj4dksrfj18mrb6l047d3a90lniqpk0@4ax .com... On Sat, 6 Dec 2008 07:25:24 -0500, "Eisboch" wrote: "Tom Francis - SWSports" wrote in messagenews:b2rkj4hrnvj4m6p6prft2vp4s3bv7jvpms@4 ax.com... http://online.wsj.com/article/SB1228...?mod=rss_opini... Bankrupt them, downsize them, get rid of the onerous contracts and merge Chrysler with Ford. No bail out. Ford doesn't want them. *They are trying to downsize themselves. *They've sold their stakes in Saab, Jaguar, most of Mazda and are thinking of dumping Volvo. That's probably true, but Chrysler does have a few products lines that would merge very nicely with the overall Ford product line - I'm thinking Jeep in particular if there was only one. *And their design team could do a lot for upgrading Ford's design group which has been stuck in neutral for a long time. *When was the last time they upgraded the Crown Vic for example - that design has been around since 1999/2000 I think. The Crown Vic is no longer available to the public. (as of 2008) *Ford still makes them for fleet sales only ... police and taxie cabs. *The Mercury version is still available to the public, but not for long. Ford will end up with about three global car platforms and trucks. Eisboch Ypu mean no more Crown Vic? Oh my ! how about the Town Cars? |
Bridge loan to nowhere..
On Dec 6, 7:17*am, "Eisboch" wrote:
"Tom Francis - SWSports" wrote in messagenews:s3ukj4dksrfj18mrb6l047d3a90lniqpk0@4ax .com... On Sat, 6 Dec 2008 07:25:24 -0500, "Eisboch" wrote: "Tom Francis - SWSports" wrote in messagenews:b2rkj4hrnvj4m6p6prft2vp4s3bv7jvpms@4 ax.com... http://online.wsj.com/article/SB1228...?mod=rss_opini... Bankrupt them, downsize them, get rid of the onerous contracts and merge Chrysler with Ford. No bail out. Ford doesn't want them. *They are trying to downsize themselves. *They've sold their stakes in Saab, Jaguar, most of Mazda and are thinking of dumping Volvo. That's probably true, but Chrysler does have a few products lines that would merge very nicely with the overall Ford product line - I'm thinking Jeep in particular if there was only one. *And their design team could do a lot for upgrading Ford's design group which has been stuck in neutral for a long time. *When was the last time they upgraded the Crown Vic for example - that design has been around since 1999/2000 I think. The Crown Vic is no longer available to the public. (as of 2008) *Ford still makes them for fleet sales only ... police and taxie cabs. *The Mercury version is still available to the public, but not for long. Ford will end up with about three global car platforms and trucks. Eisboch All this started when they quit the Taurus. |
Bridge loan to nowhere..
"Tim" wrote in message ... On Dec 6, 7:17 am, "Eisboch" wrote: "Tom Francis - SWSports" wrote in messagenews:s3ukj4dksrfj18mrb6l047d3a90lniqpk0@4ax .com... On Sat, 6 Dec 2008 07:25:24 -0500, "Eisboch" wrote: "Tom Francis - SWSports" wrote in messagenews:b2rkj4hrnvj4m6p6prft2vp4s3bv7jvpms@4 ax.com... http://online.wsj.com/article/SB1228...?mod=rss_opini... Bankrupt them, downsize them, get rid of the onerous contracts and merge Chrysler with Ford. No bail out. Ford doesn't want them. They are trying to downsize themselves. They've sold their stakes in Saab, Jaguar, most of Mazda and are thinking of dumping Volvo. That's probably true, but Chrysler does have a few products lines that would merge very nicely with the overall Ford product line - I'm thinking Jeep in particular if there was only one. And their design team could do a lot for upgrading Ford's design group which has been stuck in neutral for a long time. When was the last time they upgraded the Crown Vic for example - that design has been around since 1999/2000 I think. The Crown Vic is no longer available to the public. (as of 2008) Ford still makes them for fleet sales only ... police and taxie cabs. The Mercury version is still available to the public, but not for long. Ford will end up with about three global car platforms and trucks. Eisboch All this started when they quit the Taurus. Actually, the Taurus is back. I believe it's a replacement for the Ford "Five Hundred" which never caught on. The new Taurus is based largely on a colaborative effort by Ford and Volvo and incorporates many Volvo designs. Eisboch |
Bridge loan to nowhere..
Tom Francis - SWSports wrote:
On Sat, 06 Dec 2008 07:22:04 -0500, Boater wrote: Tom Francis - SWSports wrote: http://online.wsj.com/article/SB1228...s_opinion_main Bankrupt them, downsize them, get rid of the onerous contracts and merge Chrysler with Ford. No bail out. Wall street brokerage house and bankers... Bankrupt them, downsize them, get rid of all management, and then blow up their buildings. No golden parachutes. Oh...and in all publicly traded corporations, no executive earnings to exceed 10 times the earnings of the average employee. Yeah, yeah, yeah, blah, blah, blah... By the way, when is the UAW going to fire it's Executives for getting them in this mess to begin with? UAW members elect their leadership. |
Bridge loan to nowhere..
Eisboch wrote:
wrote in message ... On Sat, 06 Dec 2008 07:14:20 -0500, Tom Francis - SWSports wrote: http://online.wsj.com/article/SB1228...28184421.html? mod=rss_opinion_main Bankrupt them, downsize them, get rid of the onerous contracts and merge Chrysler with Ford. No bail out. Personally, I can't see Chrysler surviving. Ford, yes, and a much smaller and different GM. Exactly. Chrysler hired an outside bankruptcy law firm yesterday. They are preparing for the inevitable. GM needs to replace Wagoner. He is so out of touch with reality that he can't be in charge of reorganizing. The Ford guy (ex-Boeing) seems to be a little more pro-active and may be ok. He's only been there for two years and has already made some serious changes to Ford's overall business structure. Eisboch Sorry, but if we can bail out the useless pushers of paper on wall street and get absolutely nothing in return, we can help the millions of real working Americans whose jobs depend on the domestic auto industry. I don't buy into the concept that bankruptcy reorganization will work for Chrysler, Ford or GM. |
Bridge loan to nowhere..
"Boater" wrote in message ... Eisboch wrote: wrote in message ... On Sat, 06 Dec 2008 07:14:20 -0500, Tom Francis - SWSports wrote: http://online.wsj.com/article/SB1228...28184421.html? mod=rss_opinion_main Bankrupt them, downsize them, get rid of the onerous contracts and merge Chrysler with Ford. No bail out. Personally, I can't see Chrysler surviving. Ford, yes, and a much smaller and different GM. Exactly. Chrysler hired an outside bankruptcy law firm yesterday. They are preparing for the inevitable. GM needs to replace Wagoner. He is so out of touch with reality that he can't be in charge of reorganizing. The Ford guy (ex-Boeing) seems to be a little more pro-active and may be ok. He's only been there for two years and has already made some serious changes to Ford's overall business structure. Eisboch Sorry, but if we can bail out the useless pushers of paper on wall street and get absolutely nothing in return, we can help the millions of real working Americans whose jobs depend on the domestic auto industry. I don't buy into the concept that bankruptcy reorganization will work for Chrysler, Ford or GM. You just want to see what some bankruptcy judge would do to union contracts. |
Bridge loan to nowhere..
Eisboch wrote:
"Tim" wrote in message ... On Dec 6, 7:17 am, "Eisboch" wrote: "Tom Francis - SWSports" wrote in messagenews:s3ukj4dksrfj18mrb6l047d3a90lniqpk0@4ax .com... On Sat, 6 Dec 2008 07:25:24 -0500, "Eisboch" wrote: "Tom Francis - SWSports" wrote in messagenews:b2rkj4hrnvj4m6p6prft2vp4s3bv7jvpms@4ax .com... http://online.wsj.com/article/SB1228...?mod=rss_opini... Bankrupt them, downsize them, get rid of the onerous contracts and merge Chrysler with Ford. No bail out. Ford doesn't want them. They are trying to downsize themselves. They've sold their stakes in Saab, Jaguar, most of Mazda and are thinking of dumping Volvo. That's probably true, but Chrysler does have a few products lines that would merge very nicely with the overall Ford product line - I'm thinking Jeep in particular if there was only one. And their design team could do a lot for upgrading Ford's design group which has been stuck in neutral for a long time. When was the last time they upgraded the Crown Vic for example - that design has been around since 1999/2000 I think. The Crown Vic is no longer available to the public. (as of 2008) Ford still makes them for fleet sales only ... police and taxie cabs. The Mercury version is still available to the public, but not for long. Ford will end up with about three global car platforms and trucks. Eisboch All this started when they quit the Taurus. Actually, the Taurus is back. I believe it's a replacement for the Ford "Five Hundred" which never caught on. The new Taurus is based largely on a colaborative effort by Ford and Volvo and incorporates many Volvo designs. Eisboch It's a very nice turnpike cruiser. It could use a bit more displacement in the engine, I think. I've rented them a few times on trips. |
Bridge loan to nowhere..
"Boater" wrote in message ... Sorry, but if we can bail out the useless pushers of paper on wall street and get absolutely nothing in return, we can help the millions of real working Americans whose jobs depend on the domestic auto industry. I don't buy into the concept that bankruptcy reorganization will work for Chrysler, Ford or GM. Most of the members of Congress now realize that in their rush to do something, they really screwed up the TARP bailout. They won't make that mistake again. The fairest and most efficient means to save the auto industry is through a government (taxpayer) supported, pre-packaged Chapter 11 filing. They don't go immediately out of business. Current workers continue working. But, a federal judge will arbitrate new contracts, vendor payments, and the negotiations required to accomplish these. Government (taxpayer) financial support can be given subject to specific uses for the money, as overseen by the bankrupcy court. It works. Eisboch |
Bridge loan to nowhere..
D.Duck wrote:
"Boater" wrote in message ... Eisboch wrote: wrote in message ... On Sat, 06 Dec 2008 07:14:20 -0500, Tom Francis - SWSports wrote: http://online.wsj.com/article/SB1228...28184421.html? mod=rss_opinion_main Bankrupt them, downsize them, get rid of the onerous contracts and merge Chrysler with Ford. No bail out. Personally, I can't see Chrysler surviving. Ford, yes, and a much smaller and different GM. Exactly. Chrysler hired an outside bankruptcy law firm yesterday. They are preparing for the inevitable. GM needs to replace Wagoner. He is so out of touch with reality that he can't be in charge of reorganizing. The Ford guy (ex-Boeing) seems to be a little more pro-active and may be ok. He's only been there for two years and has already made some serious changes to Ford's overall business structure. Eisboch Sorry, but if we can bail out the useless pushers of paper on wall street and get absolutely nothing in return, we can help the millions of real working Americans whose jobs depend on the domestic auto industry. I don't buy into the concept that bankruptcy reorganization will work for Chrysler, Ford or GM. You just want to see what some bankruptcy judge would do to union contracts. We're in dire straits in this country. Everyone has to sacrifice, and if that means nulling and voiding contracts, let's also cut the pension and healthcare benefits of civilian and military retirees. Right? |
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