[Rhodes22-list] Chrysler to Close Manufacturing Plants for a Month

[Brad Haslett]

David,

Saw that earlier.  I flew the San Antonio trip all of October and
talked to the locals about the new Toyota Tundra truck factory there.
They've been doing mostly training and waiting for better times.  The
new Toyota factory in Tupelo, MS is slowing down opening.  Chrysler
usually shuts down for two weeks at Christmas for maintenance anyway
so this is only two more weeks of shutdown, but, the UAW workers draw
95% pay during the shutdown. GM has some divisions that would do very
well on their own. The Corvette would be fine in its niche.  Shanghai
Buick is doing well.  Their trucks sell well.  I don't see how loaning
them money will do anything but prolong the inevitable. They have the
same problem as the passenger airlines - too many seats chasing too
few asses.

Brad

On Wed, Dec 17, 2008 at 6:18 PM, David Bradley <dwbrad at gmail.com> wrote:
> And so it begins.
>
> Time for Toyota and Ford to steal market share...
>
> Time for GM to fold up the rest and become Chevrolet Corporation...
>
>
>
>
> NEWS ALERT
> from The Wall Street Journal
>
> Dec. 17, 2008
>
> Chrysler said it will idle all manufacturing operations at the end of
> the day Friday for at least a month in an effort to align production
> and inventory with U.S. market demand.
>
> For more information, see:
> http://wsj.com?mod=djemalertNEWS
>
> For complete coverage of Detroit in Crisis, see:
> http://online.wsj.com/public/page/auto-industry.html?mod=djemalertNEWS
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