CHRYSLER: BEST QUARTERLY PROFIT SINCE 98

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    Apr 26, 2012 11:02 PM GMT
    "Let Detroit go bankrupt." - Mitt Romney
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    Apr 26, 2012 11:49 PM GMT



    Where would millions of workers across the US be right now if Romney and his ilk would have had their way ?

    Romney and his group were all over saving wall street and the big banks whose actions brought down the US Economy. But they sure didn't want any part of saving Chrystler and GM that might boost blue collar workers chances of survival, and that was primarily because they were afraid they'd help the blue collar Unions.

    They fear the common mans efforts to sustain themselves and coddle the Corps, somehow this group forgets that Corps exist for people, not people for the corps. When the common man does well, the corps do well to.

    Romney and his followers have it all backwards.
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    Apr 27, 2012 1:41 AM GMT
    nothing could make me happier

    http://money.msn.com/business-news/article.aspx?feed=AP&date=20120426&id=15032273

    the folks who made something as wonderful as the below are still very much around







    at 57 seconds, the coolest instrument panel ever and four decades ahead of its time.





  • creature

    Posts: 5197

    Apr 27, 2012 2:13 AM GMT
    I'm glad no one heeded Romney's fucked up advice.
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    Apr 27, 2012 2:24 AM GMT
    creature saidI'm glad no one heeded Romney's fucked up advice.


    Well they did go through a managed BK. However, I disagreed with Romeny on this one.
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    Apr 27, 2012 1:07 PM GMT
    creature saidI'm glad no one heeded Romney's fucked up advice.


    And don't forget it was Bush economic failures that put them there.

    Chrysler was originally destroyed by Daimler-Benz mismanagement. Back when Daimler-Benz bought Chrysler in1998, they bled them dry of money, management and engineering talent. In 2007, Cerberus capital bought Chrysler for pennies. They had big plans to bring Chrysler back. But the crash of 2008 dried up both car sales and the equity markets needed to restore them.

    So yes, good thing Chrysler is back and making lots of money too. Total cost to the gov't was a little over $1 billion....practically zippo compared to the cost of putting throngs of people on assistance.
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    Apr 27, 2012 4:53 PM GMT
    White4DarkerFL said
    creature saidI'm glad no one heeded Romney's fucked up advice.


    And don't forget it was Bush economic failures that put them there.

    Chrysler was originally destroyed by Daimler-Benz mismanagement. Back when Daimler-Benz bought Chrysler in1998, they bled them dry of money, management and engineering talent. In 2007, Cerberus capital bought Chrysler for pennies. They had big plans to bring Chrysler back. But the crash of 2008 dried up both car sales and the equity markets needed to restore them.

    So yes, good thing Chrysler is back and making lots of money too. Total cost to the gov't was a little over $1 billion....practically zippo compared to the cost of putting throngs of people on assistance.


    We can agree to vigorously disagree on the first point. On the 2nd though, downturn or not, ‘Minimum Bob’ (Nardelli) had no idea what to do with Chrysler. His Homo Depot CEO experience didn’t quite compare him for the auto industry. Sergio, for all the bloviating he does, does have an idea. This is working far far better than the Daimler experience from what we hear publically and what I hear privately from folks I know in engineering and design.

    So the BK will end up being a net postive, if only to get Cerberus and Nardelli out of the way.
  • GQjock

    Posts: 11649

    Apr 27, 2012 4:57 PM GMT
    Biden said it succinctly the other day

    Bin Laden is Dead and GM (and Chysler as an American car company)
    Is still alive


    That wouldn't be the case had Romney been in charge
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    Apr 28, 2012 2:43 AM GMT
    freedomisntfree said
    White4DarkerFL said
    creature saidI'm glad no one heeded Romney's fucked up advice.


    And don't forget it was Bush economic failures that put them there.

    Chrysler was originally destroyed by Daimler-Benz mismanagement. Back when Daimler-Benz bought Chrysler in1998, they bled them dry of money, management and engineering talent. In 2007, Cerberus capital bought Chrysler for pennies. They had big plans to bring Chrysler back. But the crash of 2008 dried up both car sales and the equity markets needed to restore them.

    So yes, good thing Chrysler is back and making lots of money too. Total cost to the gov't was a little over $1 billion....practically zippo compared to the cost of putting throngs of people on assistance.


    We can agree to vigorously disagree on the first point. On the 2nd though, downturn or not, ‘Minimum Bob’ (Nardelli) had no idea what to do with Chrysler. His Homo Depot CEO experience didn’t quite compare him for the auto industry. Sergio, for all the bloviating he does, does have an idea. This is working far far better than the Daimler experience from what we hear publically and what I hear privately from folks I know in engineering and design.

    So the BK will end up being a net postive, if only to get Cerberus and Nardelli out of the way.


    That reminds me about the other Chrysler executives from that era, so I googled Jim Press. He had serious financial and wife problems before he ever got to Chrysler.

    http://www.autonews.com/apps/pbcs.dll/article?AID=/20120424/RETAIL07/120429936/1131

    Dealers liked him, but his wife filed for divorce a week after he was seen out at a Lexus event with his pretty Thai girlfriend. Ouch.