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

[Brad Haslett]

David,

It isn't fun watching the personal side of these events.  My oldest
son's roommate in Little Rock works at the family Jeep dealership
(Chrysler) that's been in the family for three generations. I doubt
they'll make it. On the other side of the equation, people in San
Antonio, Tupelo, Montgomery, Jackson, etc. are ready to hustle at $40
an hour. If we didn't allow for failure we'd still be driving Hudsons
and Packards.

Brad

On Wed, Dec 17, 2008 at 6:47 PM, David Bradley <dwbrad at gmail.com> wrote:
> 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
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