Word: chryslers
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...bankruptcy, along with Chrysler's, will certainly help drive down the U.S. market share of the Big Three and open the door further to nimble and more well-funded competitors, including Toyota (TM), Honda (HMC), Nissan and Hyundai. It would be surprising if Detroit has only a 30% share of the U.S. car market by the time vehicle sales recover even modestly, probably in 2011. (See pictures of Detroit's decline...
...pockets of resistance grow, GM may not have as easy a path through a bankruptcy court as Chrysler has had. Congress may decide to have an extended debate over whether the Treasury has the right to disintermediate bondholders and union workers. If the argument goes on long enough, the auto industry's restructuring could still turn into a liquidation...
Obama's defenders will point to the concessions the Administration forced Detroit's autoworkers to make in the arranged-bankruptcy negotiations with Chrysler. It is true that the United Auto Workers (UAW) got less than it asked for. But without Obama's billions in auto subsidies, it would have gotten far less from insolvency. The children of nonunionized American autoworkers in Kentucky and Alabama who build cars that succeed in the marketplace made the largest concessions. They will endure a larger national debt so that billions of federal dollars can be used to prop up the UAW jobs...
...Chrysler did not make a single intelligent move as they told dealers that they would be closed. Customers and potential customers got to learn about what happened to the local GM or Chrysler franchise by reading it in the paper. The two manufacturers may have forgotten that many of the owners of dealerships are community business leaders in their hometowns. They may be a large part of the local tax base. They may go to church with the next twenty people who will buy cars in the town where the dealer is located. (See ten things you should know about...
...Chrysler will face a bloody competition with many of their own dealers this summer. Both will try to sell cars in the midst of an awful market. The closing dealers do not have much to lose by dumping their inventories and shutting their doors as fast as they can to save operating costs. The 2010 models may be lost in the shuffle of ridiculous deals to clear out 2009 editions. The dealers being closed may be going away, but in the process they will inflict real pain on the companies that shut them down...