Why do Americans want their automakers to die?

January 5th, 2009 by John Hagen

When the November sales figures were released I wrote the following remarks to Dave:
Once again the American public is showing its preference for buying just what it doesn’t need! After all their whining about how Detroit doesn’t build the fuel efficient they want cars, let’s see what they buy.
November Toyota sales figures showed that as soon as gas [...]

Tags: automakers, ford, general motors, loans, toyota.
Cars and stuff

6 Comments

Overreactions

December 18th, 2008 by DaveAdmin

It doesn’t take much to set off the Chrysler-haters these days. The Wall Street Journal prints a rumor and before you know it, Autoblog has its comic balloons and “Chrysler sucks/is dead/should be dead” hat on. Chrysler shuts down its production plants for two extra weeks - not unlike Toyota - and we get a [...]

Tags: cerberus, chrysler, general motors, GM, media, merger, takeover.
Chrysler Corp

3 Comments

GM and Chrysler, working together again

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 [...]

Tags: acquisition, cerberus, chrysler, engines, general motors, GM, takeover.
GM, cerberus

10 Comments

Quick reality checks: Chrysler, GM, and more

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 [...]

Tags: automakers, bailout, cerberus, chrysler, general motors, GM, merger, news, takeover.
Chrysler Corp, GM, Post-DCX, cerberus

20 Comments

Interesting theory: Daimler decided Dodge death

November 2nd, 2008 by DaveAdmin

This was a comment from “Patfromigh” which I found interesting enough to make into its own entry. Keep in mind, I did NOT write it and am not necessarily saying I believe it. But it IS interesting.
Was Cerberus just a middleman to get what Daimler really wanted in the first place?
Remember the Valentines Day [...]

Tags: cerberus, chrysler, economy, general motors, GM, GMAC, merger, Plymouth, ram, sales, takeover, Trucks.
Chrysler Corp, DCX, GM, New cars, Plymouth, Post-DCX, Trucks, cerberus

16 Comments

GM-Chrysler deal to be quietly announced on election night? (Updated)

October 31st, 2008 by DaveAdmin

“The GM executive told me the big announcement will be during election evening… and that it will be very bad indeed for Chrysler.”
This statement made by a source who wishes to remain anonymous reinforces my earlier opinion. To summarize that:
The deal will involve GM getting Federal aid to acquire and largely shut down Chrysler.
The deal [...]

Tags: chrysler, general motors, GM, merger, takeover.
GM, Post-DCX, cerberus

14 Comments

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