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

My own conditions for a bailout (update)

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 [...]

Tags: automakers, bailout, banks, china, chrysler, economy, ford, GM, loans, merger.
bailout

18 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

What happened to the November 4-5 announcement?

November 10th, 2008 by DaveAdmin

Rumors were flying. “There will be something BIG on November 4.” Then, “There will be something BIG on November 5.” Finally, “There will be something BIG on November 6.”
Honestly, when nothing materialized on November 4 other than a historic election that hopefully lined up a nail in the coffin of a voluntarily, fully, irrationally separated [...]

Tags: acquisition, Allpar, brands, cerberus, GM, GMAC, nissan, renault.
Chrysler Corp, GM, Post-DCX, cerberus

3 Comments

What GM’s Friday announcements might be

November 6th, 2008 by DaveAdmin

The Detroit News is reporting that General Motors will announce “important changes” to its operation on Friday. Citing an internal company email, the News says GM CEO Rick Wagoner and Fritz Henderson, the company’s President and Chief Operating Officer, will outline plans to address challenges “brought on by the volatile global economic situation.”
Earlier, we’d been [...]

Tags: acquisition, brands, cars, cerberus, china, GM, GMAC, Marketing, merger, takeover, Trucks.
GM

21 Comments

No big announcements, so far

November 5th, 2008 by DaveAdmin

Numerous sources, including Allpar, predicted a GM-Chrysler merger or takeover announcement on November 4 or November 5. Some major media sources believe this announcement will come with GM’s release of its earnings today. It is possible that an announcement was planned based on actions which have been halted or postponed, but it is also possible [...]

Tags: Allpar, GM, merger, news, photos, takeover.
Chrysler Corp, GM, Post-DCX, cerberus

15 Comments

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