November 20th, 2008 by DaveAdmin
Nobody asked me for my opinion, but then, I didn’t ask Mitt Romney, Michael Moore, Rush Limbaugh, or any other big-mouths for their opinions, either.
Incidentally, the auto industry economists DID clearly see economic troubles coming, at least six months before it did. Ford and Chrysler acted. GM did not.
So here are my conditions for loans [...]
November 19th, 2008 by DaveAdmin
The Detroit Three CEOs stood before Congress today to plead their case. They insisted that their companies could not declare bankruptcy and survive, as posturing small-town-values hypocrite Senator Shelby insisted they should go bankrupt so they could put their retirees into poverty, break their promises to vendors and banks (putting many of them into bankruptcy), [...]
November 14th, 2008 by DaveAdmin
Customer service pays.
Consulting firm TARP (Technical Assistance Research Programs), which has counted Chrysler as a client, has proven this repeatedly using numbers and formulas from their research. Even using the most conservative of numbers and formulas, they can show that just about any investment in service is likely to yield a much greater return in [...]
November 13th, 2008 by DaveAdmin
This is an interesting speech made on August 4, 2004, which may bear reprinting.
Tom LaSorda
Chief Operating Officer, Chrysler Group
“The Fully Flexible Corporation”
I’ve been looking forward to this opportunity to discuss the state and future of our industry. Thank you for inviting me to be a part of it.
Having fairly recently moved to the COO position [...]
November 11th, 2008 by DaveAdmin
You may remember how the analysts and reporters were claiming that GM, after acquiring Chrysler, would shut down pretty much everything but the minivans and Jeeps. At that time, you may remember my saying:
Rubbish, I say. Even if Rick Wagoner is as foolish as he looks. These people don’t know Chrysler. They are still thinking the Daimler line [...]
November 4th, 2008 by DaveAdmin
General Motors has not acquired Chrysler - at least not yet.
Chrysler can survive with or without a GM merger. Cerberus has the resources to keep it running.
If GM and Chrysler do not merge, it will not cause them to go bankrupt.
Analysts are unlikely to have prior knowledge of any events. “You will know what happens [...]