RICKAMAVEN
17 years ago
my red 1963 Chrysler 300J. drove it 130,000 and my mechanic bought it from me.

my silver 1995 Chrysler LHS. has 56,000 miles and my kids will probably sell it when i am gone.

where is lee iococca when chrysler needs him now.

Realizing that the company would go out of business if it did not receive a significant amount of money to turn the company around, Iacocca approached the United States Congress in 1979 and asked for a loan guarantee. While some have said that Congress lent Chrysler the money, the government, in fact, only guaranteed the loans. Most observers thought this was an unprecedented move, but Iacocca pointed to the government bailouts of the airline and railroad industries, arguing that more jobs were at stake in Chrysler's possible demise. In the end, though the decision was controversial, Iacocca received the loan guarantee from the government.

The gamble seemed to pay off for the government. Chrysler settled its debt by 1983, years ahead of schedule, and the Treasury made a profit of more than $300 million on the loans.
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vetman03
17 years ago
But that was when they were making cars worth buying. Look at the junk they have designed in the last few years. Maybe the cars are good but they are so ungly no one wants to buy them.
Propadope61
17 years ago
or you could work on them yourself
Target9000
17 years ago
I don’t know why this concept is so hard for people to grasp...

If you cannot conduct business without the help of a benefactor, you don’t deserve to conduct business.

No one should ever be "too big to fail". Let them all crash and burn if they cannot fix themselves.
wvwa34
17 years ago
^#2 Yup the K-CAR,brought em back to profit!!!!!! And people actually bought the POS.....
wvwa34
17 years ago
K-Cars worth buying........... Come on now!!!!!
JadeRose
17 years ago
#2.....Actually, I think Chrysler is making some of the best looking cars on the market right now. They have always been at the forefront of styling. The cars are just crap.
RICKAMAVEN
17 years ago
7. Author: JadeRose

u r correct.

when i was in the process of buying the 95 my mechanic told me to buy the best warranty for the car.

in the first year, they changed the front end, the tranny, the radio, something with the air cond.

since then it's had no problems.
GreenWolf70
17 years ago
They asked for help and Obama gave it to the UAW.
donutboy2000
17 years ago
Obama had to pay back the election debt that he owed the UAW.
delarob
17 years ago
A swad day indeed.
Whistlebritches
17 years ago
Prolly gonna buy an 09 Dodge Ram 1500 tomorrow.....buddy of mine called me and said he's got 2 for sale at $15,900(brand spanking new)..............MSRP is $31,200.Bankruptcy means hellacious deal IMO.


Ron
Stickbow
17 years ago
I plan on replacing my 06 grand for an 09.
qmechanics
17 years ago
Hi
There is a big difference in the cars made today than ten years ago. Chrysler has some nice products,though some will never admit it. However,I do not think Fiat and UAW ownership is the answer. The UAW and recent leadership at Chrysler are among the reasons why the company is hurting today. Is handing the company over to the asylum the answer? For example, what is going to happen when Fiat ownership wants to do something that the UAW (55% interest by last count) disagrees with? Who will run the company? Why are they running the company? Rick, I could have hoped for the same deal for Chrysler as back in Carter's day. I was actually supportive of Carter's efforts there. What Obama did is a whole other issue. It appears that he gave them just enough rope to hang themselves,took effective control, and then turned the company over to the UAW through the courts while blaming investors.Something does not pass the smell test here.

Q
niteorday
17 years ago
the apostate will be hunted down like the rabid animal he is
jackconrad
9 years ago
(\_Z_/)
(=’.’=)
(")_(")
DrafterX
9 years ago
I thought he drove one of them cube cars... 🤔
ZRX1200
9 years ago
Yeah he has a Scion.....
DrafterX
9 years ago
with fender-skirts right..?? 😕
Stinkdyr
9 years ago

I don’t know why this concept is so hard for people to grasp...



If you cannot conduct business without the help of a benefactor, you don’t deserve to conduct business.



No one should ever be "too big to fail". Let them all crash and burn if they cannot fix themselves.

Target9000 wrote:




^^^^^^ THIS!!!

🍺
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