Thank you for investing in Chrysler - America's Car Company - PeachParts Mercedes-Benz Forum

#1 01-03-2009, 05:25 AM

http://blog.chryslerllc.com/blog.do?id=564&p=entry

LaRondo · #2 01-03-2009, 05:35 AM

Looks like some serious gargabe coming down the line here, huh?

Follow the money ...

Botnst · #3 01-03-2009, 08:41 AM

Where's my stock certificate?

SwampYankee · #4 01-03-2009, 08:43 AM

The comments sum it up.

Kuan · #5 01-03-2009, 08:44 AM

Quote:

Originally Posted by Botnst

Where's my stock certificate?

Probably somewhere near this thing...

SwampYankee · #6 01-03-2009, 09:32 AM

Quote:

Originally Posted by Botnst

Where's my stock certificate?

Here you go, Bot. Grab a handful.

Jim B. · #7 01-03-2009, 10:11 AM

Quote:

Originally Posted by SwampYankee

Here you go, Bot. Grab a handful.

^^^^^^^"Danger of break through unless multiple folded !!!"

mgburg · #8 01-03-2009, 10:27 AM

Does anyone remember who bought the old AMC?

AFTER Renault infested...er, I mean invested in AMC?

Just drop the Chrysler logo/branding and put the AMC brand up there...it would move you to the head of the listings under "AUTOS" in the yellow pages...

And...isn't that what "branding" is all about?

Jim B. · #9 01-03-2009, 10:29 AM

'Providing cars and trucks you want to buy, enjoy driving, and will want to buy again.
Delivering products with the best quality and value in our Company's history."

^^^^ The wood grain for the wagons comes ONLY from rare and special trees that grow only one place in the whole world: Right outside the Chrysler plant in Detroit.

The Chrysler TC Maserati.

strelnik · #10 01-03-2009, 10:34 AM

Quote:

Originally Posted by ForcedInduction

http://blog.chryslerllc.com/blog.do?id=564&p=entry

I worked for Chrysler as a manager, then an exec from 1976 to 2001. When Iacocca was there, he didn't pimp anyone, even tho there were hard times. I took a 20% salary cut,no exces got bonuses but everyone-- all union and non-union workers--got 200 shares of stock that you had to hold for 7 years to cash, but ended up being worth $10,000. Ol' Lee took $1 salary for three years, until they paid off the loan, which they did-- seven years early. After four years our pay got put back to where it was before the crisis and most people got 4% raises. The union got their money back too.

Iacocca invested $2 million of his own money in Chrysler stock-- HE GOT PAID NO STOCK while he was paid $1 a year. If the whole thing went in the toilet, he would have lost his cash.

After he left and Eaton took over, and muscled out Lutz by bribing (my opinion) the directors, things still went ok because the rest of the Iacocca team was still there. That's what made it the company of the year in 1997.

After the merger, the Germans let Chrysler run itself until Jim Holden purposely overproduced minivans no one wanted so he could get himself a big bonus. When everything fell apart, he went with a plan to the Germans. They liked the plan but fired him and Kathy Oswald, his chief helper who made herself Chief Administrative Officer (what the hell is that as a title?)

The Germans brought in Dieter Zetsche but the damage was done.

They started looking for someone to buy and Cerberus thought they could make a quick buck.

Nardelli, the Cerberus golden boy, destroyed Home Depot, so he has no track record, except for golden parachutes.

Bringing Toyota execs over at this point ain't gonna do it either.

The company either needs to die , be merged with GM and downsized or be bought by someone who will fix it right.
My two cents.

Kuan · #11 01-03-2009, 10:51 AM

One of the terms of the first Chrysler bailout was that they remain a strictly domestic company. While GM and Ford were expanding their offshore sales Chrysler was crippled by having to cater to a domestic market.

(whole lot of good that did Ford and GM)

SwampYankee · #12 01-03-2009, 10:52 AM

Quote:

Originally Posted by strelnik

I worked for Chrysler as a manager, then an exec from 1976 to 2001. When Iacocca was there, he didn't pimp anyone, even tho there were hard times. I took a 20% salary cut,no exces got bonuses but everyone-- all union and non-union workers--got 200 shares of stock that you had to hold for 7 years to cash, but ended up being worth $10,000. Ol' Lee took $1 salary for three years, until they paid off the loan, which they did-- seven years early. After four years our pay got put back to where it was before the crisis and most people got 4% raises. The union got their money back too.

Iacocca invested $2 million of his own money in Chrysler stock-- HE GOT PAID NO STOCK while he was paid $1 a year. If the whole thing went in the toilet, he would have lost his cash.

After he left and Eaton took over, and muscled out Lutz by bribing (my opinion) the directors, things still went ok because the rest of the Iacocca team was still there. That's what made it the company of the year in 1997.

After the merger, the Germans let Chrysler run itself until Jim Holden purposely overproduced minivans no one wanted so he could get himself a big bonus. When everything fell apart, he went with a plan to the Germans. They liked the plan but fired him and Kathy Oswald, his chief helper who made herself Chief Administrative Officer (what the hell is that as a title?)

The Germans brought in Dieter Zetsche but the damage was done.

They started looking for someone to buy and Cerberus thought they could make a quick buck.

Nardelli, the Cerberus golden boy, destroyed Home Depot, so he has no track record, except for golden parachutes.

Bringing Toyota execs over at this point ain't gonna do it either.

The company either needs to die , be merged with GM and downsized or be bought by someone who will fix it right.
My two cents.

Very interesting insight strelnik!

And probably why the bailout is just a bandaid on a severed artery.

Botnst · #13 01-03-2009, 11:25 AM

Getting a bloody transfusion from my arm. Thanks, Congress. Thanks Mr Bush.