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MB to dump Chrysler

Old 02-14-2007, 10:34 PM
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Default MB to dump Chrysler

From MSNBC:

DaimlerChrysler has opened the door to a total or partial sale of its Detroit-based Chrysler unit, acknowledging the shortcomings of one of the most ambitious transatlantic business mergers.

The German carmaker has hired JPMorgan to explore Chrysler's future.




Old 02-14-2007, 10:46 PM
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Default Re: MB to dump Chrysler

Does not surprise me. American car companies have issue since their customer base is flocking to other imports for price, quality, fuel economy, etc.. I think MB pulling the plug now will help them in the long run. I was very surprised when the merger was annouced - a merger of equals......

D-
Old 02-15-2007, 02:56 AM
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Default Re: MB to dump Chrysler

Don't know about that but I did hear on the news today that 15,000 Chrysler employees won't qualify for employee discounts very soon. They company is reorganizing to become "profitable" again.
Old 02-15-2007, 05:11 AM
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Default Re: MB to dump Chrysler

The news I got on this side of the ditch is that 13,000 will be let go, mainly from the Windsor Ontario plant.

With the introduction of the truck line from the Jap makers, give it a few more years and we'll all see the big three take more employee cuts! The part that REALLY gets me is, why the heck the big three don't stop the bleeding while they still can??????????????????
Old 02-15-2007, 08:12 AM
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Default Re: MB to dump Chrysler

Not surprised and yes it is thankfully only 13k, not 30k..

Who knows... Like we were talking on another thread, with wages and all the other benefits going around mixed with poor overall sales, it's a recipe for disaster.

I feel for those families..
Old 02-15-2007, 08:51 AM
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Default Re: MB to dump Chrysler

This may be a blessing in disguise for Chrysler.
Old 02-15-2007, 09:38 AM
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Default RE: MB to dump Chrysler

Healthcare benefits for retirees and Union wages will bankrupt allot more companies.






Old 02-15-2007, 10:17 AM
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Default RE: MB to dump Chrysler

BW23 - 2/15/2007 9:38 AM

Healthcare benefits for retirees and Union wages will bankrupt allot more companies.
EXACTLY!

I sure hope my military retirement isn't messed with after I retire. I was watching a show about agriculture and we expect to pay more for food in the near future as illegals are increasingly seeking higher wages and mechanization costs in the R&D dept. trickle down.

Our system is its own worst enemy..

I agree though, may be a blessing in disguise!
Old 02-15-2007, 10:34 AM
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Default Re: MB to dump Chrysler

Unions force defined benefit pension plans on companies and that sins them. It's pretty simple...

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Old 02-15-2007, 11:24 AM
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Default Re: MB to dump Chrysler

GM is spending more on retiree's healthcare then they spend on steel
Old 02-15-2007, 11:25 AM
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Default Re: MB to dump Chrysler

Just so we are clear, I am not saying unions and benefits are evil. What I am saying is that with people living longer result in longer retirement payouts and heathcare costing more, costs companies more too.. With the rising cost of living, unions are just trying to keep their people happy and comfortable..

Inflation and cost of living has definitely outgrown that of incomes.. Heck, just look at the biggest money spender Real Estate and how it say huge increases in such a short time. When a fella quadruples his mortgage payment just by moving from one house to another similar one, that just kills some families. I hope those laid of at all of these car companies are able to keep what they got!
Old 02-15-2007, 07:57 PM
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Default Re: MB to dump Chrysler

Another problem is Detroit still has the mindset that they can build anything and the public will buy it. You'ld think by now they would have seen the light. As soon as the Japs come out with something to compete with the 1 ton turbo diesels, Detroit will have lost the truck market too.
Old 02-15-2007, 08:04 PM
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Default Re: MB to dump Chrysler

ReelWork - 2/15/2007 11:25 AM
I hope those laid of at all of these car companies are able to keep what they got!
Yeah what he said...or at least downsize in few years, put a lil money in the bank and fish 24-7, all while making the wife work.
As far as the acquisition...it never made since to me either.
Old 02-15-2007, 08:14 PM
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Default Re: MB to dump Chrysler

Unions had their time when companies were abusive with employees. Unfortunately the union labor cost has put our auto iundustry at a major disadvantage. It doesn't help that the finished product does not hold up to the Honda, Toyota, Nissan product. There will be some major restructuring within the USA car industry as they attempt to comptete with a better foreign product.
Old 02-16-2007, 12:03 PM
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Default Re: MB to dump Chrysler

Interesting if GM bids on Chrysler. What a powerhouse that would be. Would be quite a formidable competitor for F.
Old 02-16-2007, 02:29 PM
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Default Re: MB to dump Chrysler

GWcpa - 2/16/2007 12:03 PM

Interesting if GM bids on Chrysler. What a powerhouse that would be. Would be quite a formidable competitor for F.
Yeah, maybe so.

Or...

GM would be an even bigger failure, laying off 50k and putting a few more vehicles out there w/out changing to the buying consumer's wishes!

Just a thought..
Old 02-16-2007, 03:29 PM
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Default Re: MB to dump Chrysler

Can't imagine why an auto company would want to expand when it comes to baby boomers and product overlap. I gotta think annualized sales are going to remain flat and even drop in the next 5-10 years? 17Mil USA sales a year could be a gift in the years to come. I'll believe when I see the purchase.
Old 02-16-2007, 03:33 PM
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Default Re: MB to dump Chrysler

A GM Jeep. Hmmm. Not sure that's a good idea or not.
Old 02-16-2007, 04:15 PM
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Default Re: MB to dump Chrysler

DCX Management floated the idea of selling-off Chrysler Group for 3 reasons…
Appease German shareholders who are unhappy with losses stemming from Chrysler and would like to see a divestiture;
Signal the UAW in advance of upcoming union contract negotiations;
Determine market value or flush out a potential buyer via a private equity deal for CG.
The rest is all noise created by the media. Don’t ask me how I know.

Old 02-16-2007, 08:57 PM
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Default Re: MB to dump Chrysler

Gentlemen it is not the union's soley to blame, Try 1. The raping of America with oil pricing, The current intrest rate's, let me see the first one stand up and say Yaaayyy i get to pay 8.55 apr and my credit is perfect, Last but not least is do you drive a American car...................... In the end we are going to pay dearly for all of our arrogance. Big businees, Consumer's and Union's.

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