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

[David Bradley]

And too many dealerships holding too much finished inventory.  Now
that the shock has worn off from the meltdown I'm remembering how
perfectly awful the prospect of not being a leader in the steel
industry seemed in the 70s.  Let 'em declare chapter 11 - no loan wi
thout stiff terms.

Bill Ford was being interviewed yesterday and still pandering to the
UAW.  If Chrysler could shake the union and close a third of their
dealerships they'd be well along the way.


On Wed, Dec 17, 2008 at 4:34 PM, Brad Haslett <flybrad at gmail.com> wrote:
> 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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-- 
David Bradley
+1.206.234.3977
dwbrad at gmail.com