|
Bridge loan to nowhere..
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. -- "Every normal man must be tempted at times to spit on his hands, hoist the black flag, and begin to slit throats." H. L. Mencken |
Bridge loan to nowhere..
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. |
Bridge loan to nowhere..
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. |
Bridge loan to nowhere..
"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 |
Bridge loan to nowhere..
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 Wagoner and Nardelli sure have their glum faces on in that picture. I wonder if they practiced in front of a mirror. ;-) |
Bridge loan to nowhere..
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 |
Bridge loan to nowhere..
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 |
Bridge loan to nowhere..
"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 |
Bridge loan to nowhere..
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? -- "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 |
| All times are GMT +1. The time now is 10:35 AM. |
Powered by vBulletin® Copyright ©2000 - 2025, Jelsoft Enterprises Ltd.
Copyright ©2004 - 2014 BoatBanter.com