Chrysler Shutting Down All Plants

[ddr]

Re: Chrysler Shutting Down All Plants

NEW YORK (CNNMoney.com) -- Chrysler LLC announced late Wednesday that it is stopping all vehicle production in the United States for at least a month.
All 30 of the carmaker's plants will close after the last shift on Friday, and employees will not be asked to return to work before Jan. 19.
Chrysler blamed the "continued lack of consumer credit for the American car buyer" for the slow-down in sales that forced the move.
The company ordinarily shuts down operations between Dec. 24 and Jan. 5. This closure would add roughly two weeks to that shutdown.

http://money.cnn.com/2008/12/17/auto...ion=2008121717

[day_for_night]

Re: Chrysler Shutting Down All Plants

yes it will be. What do you think Toyota and everyone else will do to their wages once the big three go under?? They will slash them harshly. Remember their is a famous phrase here in the Motorcity area

"Union don't make unions, corporations make unions."

If the big three are set to fail then I am sure we are on our way to a systemic crisis.

Nice Jeep Toast!!

christ, read what i wrote. i said they should be spun off (ie. broken up into different companies based on division) so that if one of the SMALLER companies goes under it won't be the end of the world like it WOULD be if GM closed its doors. if GM becomes: Chevy, General Motors, Pontiac, etc etc there is reduced risk should a single one of those fail.

[runningman]

Re: Chrysler Shutting Down All Plants

yes it will be. What do you think Toyota and everyone else will do to their wages once the big three go under?? They will slash them harshly. Remember their is a famous phrase here in the Motorcity area

"Union don't make unions, corporations make unions."

If the big three are set to fail then I am sure we are on our way to a systemic crisis.

Nice Jeep Toast!!

[day_for_night]

Re: Chrysler Shutting Down All Plants

^
|
sounds like he already bought it!

I'd love to see GM, Ford, and Chrysler all spun off into smaller companies. To have such concentrated risk in having so many employees work for these huge corps is problematic in such a tough industry. Smaller companies would ensure that if one or two go under, its not the end of the bloody world like it would be if GM closed its doors tomorrow.

[toasty]

Re: Chrysler Shutting Down All Plants

Don't get that Jeep.

Too late:

http://www.mercuryserver.com/forums/showpost.php?p=684131&postcount=14

[MJDub]

Re: Chrysler Shutting Down All Plants

Don't get that Jeep.


Just saw Velshi on CNN and he was saying that because the parts suppliers are working on such thin margins, and because the same suppliers give parts to all 3 companies, this could start a catastrophic cascade effect.

[toasty]

http://www.bloomberg.com/apps/news?pid=20601087&sid=aRa0jVzM922w&refer=home

Jaysus

Starting to rethink that new Jeep purchase. Hope there's a company around to do warranty service if anything goes wrong...