April 30, 2009



As reported on Fox News

This is not good news for Michigan, GM or Ford. When Chrysler goes out of business (which it will, they will not survive bankruptcy) they will take down many suppliers, which will harm GM and Ford.

Oh Christ, this is a black day for Michigan.

Guess I won't be getting a job anytime soon.



This doesn't sound good ...

The company's good assets would be auctioned -- likely purchased by the U.S. Treasury -- while the bad assets would be left behind in bankruptcy court to be liquidated.

What does auctioned mean? And what is the Treasury going to do with them once they bought them?

Oh, and it looks like Obama is going to fire another Automotive CEO ...

Chrysler CEO Robert Nardelli is expected to be replaced as part of the deal in the revamped company.
Posted by Quality Weenie at April 30, 2009 08:27 AM | TrackBack

This is a sad day for all of us. Growing up a Chrysler family that's all we had. My father was a master mechanic specializing in Chrysler products.

But how can they go under if the government owns half and the UAW owns half now? I don't even pretend to understand what is going on, but why is o-hole forcing this fiat merger?

IF it comes out of chapter 11 it won't be the same company it was before. Same with GM.

There are some parts of the country that are still operating with little to no notice of recession... would you, could you move?

Posted by: Pam at April 30, 2009 09:10 AM

The UAW folks are going to feel mighty stupid for supporting this communist asshole when they're out of a job in a few months.

Posted by: Graumagus at April 30, 2009 12:10 PM

rapidly moving toward a country we will not recognize.
and i drive a town & country now
don't get me started...

Posted by: patti at April 30, 2009 12:21 PM

It wouldn't let me comment yesterday morning, but I thought about this all day.

Bad. It's oh so bad. It just makes me sick.

Oh, and I've been meaning to tell you....we got a notice about 2 months ago, that Ford is saying they can no longer supply our Fleet vehicles. You know, the F150's and Escapes. They are refusing the business. So now....after these leases run out? We're all going to have to drive (you're gonna love this) Prius.

WTF is going on?!??!

Posted by: Tammi at May 1, 2009 06:31 AM

Well, I tried. The last two new cars? My 2001 PT Cruiser and our 2005 Town and Country asexual grandparentmobile( Thanks Boudicia)

Posted by: Peter at May 1, 2009 02:47 PM

Kind of nice how Comrade Obamavich and his politburo is screwing over the investors and giving away their shares to the UAW too.

Posted by: Graumagus at May 4, 2009 09:47 AM