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#1
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On Dec 6, 7:37*am, Boater wrote:
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. http://www.mattbors.com/strips/250.gif then http://www.mattbors.com/strips/251.gif |
#2
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posted to rec.boats
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![]() "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. Are you going to bail out small business too? I ask as most of the 500,000 people suffering in November, and maybe a million in December are mostly non-union, non-auto. Who is bailing out the little guy? Might as well put the whole nation on welfare. The only sane solution is to cut waste and get more competative with less debt. If you can't do that like 300 million other people, you are screwed. Letting Detroit into the public purse, a bad mistake for everyone in the end. |
#3
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posted to rec.boats
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On Sat, 6 Dec 2008 17:57:57 -0700, "Canuck57"
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. Are you going to bail out small business too? I ask as most of the 500,000 people suffering in November, and maybe a million in December are mostly non-union, non-auto. Who is bailing out the little guy? Might as well put the whole nation on welfare. The only sane solution is to cut waste and get more competative with less debt. If you can't do that like 300 million other people, you are screwed. Letting Detroit into the public purse, a bad mistake for everyone in the end. Saving the financial sector was important - saving the automakers isn't. The financial sector affects 100% of the economy, the auto industry is lucky if it affects 10% of the economy. Let 'em sink and the UAW with them. Once GM and Chrysler are gone, Ford can survive and deserves to - Ford is at least doing something about saving itself right here, right now. -- Happy Holidays and Merry Whatever It Is That ****es Liberals Off. |
#4
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posted to rec.boats
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![]() "Eisboch" wrote in message ... 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 Funny, I would bet on Ford too. In fact, picked some up cheap the other day, short term play. |
#5
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posted to rec.boats
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![]() 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. Agreed. Cerberus had this in mind for Chrysler all along. Buy Chrysler, strip out some good parts, cash and package a turkey for the market. They have been desperate to unload this turkey for awhile now. Surprises some senator or congress person does not bring this up. Or maybe they have some private equity in Cerberus. LOL. There was a board member they had a few years back, everything he sat on turned to trash including NorTel. Needles to say I didn't buy in. |
#6
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posted to rec.boats
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![]() "Tom Francis - SWSports" wrote in message ... 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. 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. Eisboch |
#7
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posted to rec.boats
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On Sat, 6 Dec 2008 07:25:24 -0500, "Eisboch"
wrote: "Tom Francis - SWSports" wrote in message ... 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. 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. If it were up to me, and it isn't, I'd fold the Mercury/Lincoln lines back into Ford or eliminate them. There's nothing there that's exceptional even considering quality - they are Fords - so why keep up the pretence? What I find interesting is that Ford is looking like it's the best one of them all in terms of structure, money and ability to move forward without goverment money. Ford may be the last one standing. Which would please me immensely. I still say that this is a great opportunity for some capital investment firm to step in and build a new car company from scratch designed to compete with Honda/Toyota, etc. I'd be willing to bet that it could be done, start to manufacturing and distribution, in less than five years. -- "Far better it is to dare mighty things, to win glorious triumphs even though checkered by failure, than to rank with those poor spirits who neither enjoy nor suffer much because they live in the gray twilight that knows neither victory nor defeat." Theodore Roosevelt |
#8
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posted to rec.boats
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![]() "Tom Francis - SWSports" wrote in message ... On Sat, 6 Dec 2008 07:25:24 -0500, "Eisboch" wrote: "Tom Francis - SWSports" wrote in message ... 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. 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 |
#9
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posted to rec.boats
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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? |
#10
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posted to rec.boats
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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. |
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