Progress for Chrysler

[72hemi]

Looks like Chrysler struck a deal with the banks holding its debt.

http://money.cnn.com/2009/04/28/news/companies/chrysler_lenders/index.htm?postversion=2009042812

[426HEMI]

That looks good to this point anyways.  I hope they do stay in business and get better at what they need to do.

[moparmaniac59]

They need to re-hire Lee Iacocca!!!



                                                 Matt B.

[Bullitt-]

UAW is taking over.....  Kiss it Goodbye

http://uk.reuters.com/article/innovationNews/idUKTRE53R5L820090428

[426HEMI]

I hope that it all can be worked out and chrysler comes back stronger than ever and puts everyone else to shame.

[mcgheejt]

UAW is taking over.....  Kiss it Goodbye

http://uk.reuters.com/article/innovationNews/idUKTRE53R5L820090428

If this keeps up, we will have a government that is far closer to being a reflection of communist China than I could ever have imagined in my lifetime.   

[Mike70]

  Now the feds have a good chance of owning a majority of GM! The government has no business owning private industry.

[heminut]

Now the feds have a good chance of owning a majority of GM! The government has no business owning private industry.

Oh, but it's not the Feds! I saw an article this morning that said 'THE TAXPAYERS' will own a majority stock in GM!

[Mike70]

I guess that's true. Lucky us, huh?

[72hemi]

Now the feds have a good chance of owning a majority of GM! The government has no business owning private industry.

The government has its hands in private industry in a socialist society.

[Rare_T_A]

O Boy I just cannot wait till these show up at a dealer near me!!!

[bb71challenger]

Actually I think it might be a positive step that the UAW is making concessions. I think if my co-workers and I owned 55% of a company we would be inclined to make sure it was not run into the ground but a profitable, successful business. It might be a good thing in the end.

[heminut]

I don't have a problem with the UAW and like you said, it may be good incentive to get the company on track. I have a bad feeling about the federal government holding controlling stock in a business like that though, even if they sugar coat it as 'taxpayer owned'. 

[DMZ73]

Hmmmmmm.
Wish I could comment on the state of the bussiness, but since I work for chrysler, it's a little complicated.
I can tell you that we all "own" the situation. It's quite difficult to say be least.
I see every perspective, and every perspective that most people do not see.
Owner, employee, enthusiast, frustrated taxpayer, Michigan resident, blue collar
/white collar worker, philosopher, economist,  automotive historian...
Needless to say, the ramifications of "ownership" have consequences.good, bad or indifferent, for the sake of the American economy, must pull through this.
From my perspective, regardless of owners or partners, we will survive, and be a better company.
Just my .02 cents as an active, hard working "can do" employee.

I hope you all see the merit of our persistance.

Dan Zimmermann

[426HEMI]

I hope it works for everyone and be real good for them and the company go forward and grow and build a very good bunch of cars for us.