tagged w/ Chrysler
NEW YORK - Just a year ago, working as a product presenter at an auto show was a pretty straightforward job. You stood next to a vehicle, you called it a marvel of engineering, style and comfort and then you fielded softball questions like, “What does this baby cost?”
But that was before the bailout. Now that the government has helped General Motors and Chrysler stave off bankruptcy with billions of dollars in loans, these companies are finding somewhat hostile crowds at their exhibits. Which leads to scenes like the one on Friday at the New York auto show, where a blond woman in a tight black dress stood on a rotating platform and pitched the sporty Dodge Circuit, one of five electric cars that Chrysler is developing.
Donald Han, an accountant from Queens, sounded unmoved. “Why now?” he asked the woman, rather curtly, once she had finished her patter. “How come you’ve got to nearly go bankrupt before you come out with a car like this?”
One G.M. presenter said a woman told her the company was responsible for the death of American soldiers in Iraq. The logic went like this: if G.M. made more fuel-efficient cars, the country would not need so much oil, and if the country did not need oil, United States troops would never have invaded.
“I didn’t say anything,” recalled the presenter, who like many others here declined to give her name because she is not supposed to speak to the news media. “What can you possibly say? ‘Thanks?’ ”NEW YORK - Just a year ago, working as a product presenter at an auto show was a... more
Have you heard of Peapod Mobility, the new Chrysler division?
Learn more about this new zero emission-electric-charming-vehicle!Have you heard of Peapod Mobility, the new Chrysler division? Learn more about this... more
• Obama says General Motors and Chrysler must be 'retooled'
• Global stockmarkets plunge amid fears for carmakers' future
Two of America's biggest carmakers could go bankrupt, the US president, Barack Obama, admitted today.
General Motors and Chrysler could use a short-term bankruptcy procedure as the best way of restructuring in a bid to offload their debt, while they continued to operate, Obama told reporters at the White House. He said the US would not let the auto industry simply vanish, but it must be retooled so it can survive "without an unending flow of tax dollars."
His dramatic intervention came a day after his administration forced out GM's chief executive, Rick Wagoner, and rejected turnaround plans from the ailing carmakers. "Let me be clear," Obama said. "The United States government has no interest or intention of running GM. What we are interested in is giving GM an opportunity to finally make those much-needed changes and emerge from this crisis a stronger and more competitive company."
Global stockmarkets tumbled as fears that the US car industry might go bust crushed hopes that the economic crisis might be easing.• Obama says General Motors and Chrysler must be 'retooled' •... more
President Barack Obama is rejecting the turnaround plans from General Motors Corp. and Chrysler and setting tough, new deadlines for the two automakers to develop new restructuring plans.President Barack Obama is rejecting the turnaround plans from General Motors Corp. and... more
The world's first mass-produced highway capable electric car was officially revealed Thursday. With 20,000 units scheduled to be produced in the first year, the feature list is impressive. It will come in 160, 230, and 300-mile range versions, and can be recharged in 4 hours. It seats 5 adults, and 2 children, plus luggage, or an entire mountain bike, surfboard and 50-inch TV, all at once !! The nav features 3G and internet capability.
With the $7,500 government tax rebate, the car will come in at $49,900. According to Tesla, this car will save you $10-$15K vs a comparably priced gas-powered sedan when gas is $4 per gallon. For an equivalent comparison, you'd have to lease a $35,000 gas-powered car.
Unfortunately, production doesn't start until 2011, but I think its fair to assume they will sell fast.
Would you buy one ? Would you buy a Honda Insight, Toyota Prius or Chevrolet Volt instead ?The world's first mass-produced highway capable electric car was officially... more
According to The Canadian Press, Chrysler may elect to pull all manufacturing operations out of Canada if it cannot come to an agreement with the Canadian Auto Workers by month's end. The embattled automaker is looking negotiating with the CAW in part to reduce wages from an average of $76 to $57, and as part of a contingency plan/ bargaining chip, it is reportedly architecting a wholesale pullout from America's northern neighbors.
The pullout would jeopardize some 10,000 jobs at the company's two plants in Ontario and another facility in Toronto. It would also mean that production would have to shift (or end) for a number of key Chrysler products, including the company's minivans (and Volkswagen's Routan), as well as the Chrysler 300, Dodge Charger, and Dodge Challenger. The likely alternatives, say analysts, would be to push minivan production back to the St. Louis plant that produced them up until last year, and potentially move the LX-platform cars to facilities in Michigan or Mexico.
more at linkAccording to The Canadian Press, Chrysler may elect to pull all manufacturing... more
"But we are committed to the goal of a re-tooled, re-imagined auto industry that can compete and win. Millions of jobs depend on it. Scores of communities depend on it. And I believe the nation that invented the automobile cannot walk away from it." - President Barack Obama
More at link"But we are committed to the goal of a re-tooled, re-imagined auto industry that... more
The Canada Revenue Agency has been trying to collect taxes from Chrysler Canada for several years now, which the company owes for vehicles shipped across the border. However, the bailouts Chrysler received are strictly for operational costs, not for paying off taxes, so it is unlikely that the Canadian government will get anything anytime soon.
More at link.The Canada Revenue Agency has been trying to collect taxes from Chrysler Canada for... more
That's the total you get when adding up the initial $25.4 billion that automakers were promised to help retool their plants to build more fuel efficient cars; the $25.5 billion that auto suppliers have banded together to seek from the Feds and the $39 billion in loans that General Motors and Chrysler have requested from the feds to stave off a worst case scenario.
If the entire amount was paid out, every American would have contributed $874 to the bailout.
More at link.That's the total you get when adding up the initial $25.4 billion that automakers... more
DETROIT - The U.S. government will release $4 billion in additional aid to General Motors Corp. and $3 billion to Chrysler LLC on Tuesday as planned, a White House official said, ahead of the deadline for the automakers to submit new survival plans.
GM was making progress Monday in concession talks with debtholders and its main union, but deals may not come until after the deadline passes, people briefed on the situation told The Associated Press.
Both GM and Chrysler LLC will pick up the second installment of their loans Tuesday, even as the Treasury Department begins to review the two automakers' restructuring plans, also to be submitted Tuesday. The plans are supposed to outline how they intend to again become viable and repay the government loans.
GM already has received $9.4 billion in government loans and Chrysler $4 billion. Under the loan agreement, GM will receive another $4 billion and Chrysler an additional $3 billion on Tuesday, said an Obama administration official, speaking to The Associated Press on condition of anonymity because he was not authorized to discuss the payments. The second installment of loan payments had been expected.
Two people briefed on the GM plan reported progress toward a deal with the United Auto Workers. Both spoke on condition of anonymity because the negotiations are private.
But UAW Legislative Director Alan Reuther said Monday he does not expect labor agreements in time for Tuesday's deadline.
One of the people briefed on GM's plan said some parts, such as bondholder and labor agreements, probably won't be complete by the time the plan is submitted to the Treasury Department late Tuesday. GM executives have said the company only has to show substantial progress by Tuesday, with the whole plan finalized by March 31.DETROIT - The U.S. government will release $4 billion in additional aid to General... more
Clean and green transportation gets a new look and feel as Peapod introduces the next generation of clean, gas-free and emission-free, battery electric vehicles.Clean and green transportation gets a new look and feel as Peapod introduces the next... more
It might be hard to find a better example of biting the hand that feeds you. American automakers, the subject of much attention and beneficiaries of a major financial bailout, are suing the federal government.It might be hard to find a better example of biting the hand that feeds you. American... more
Sometimes when reviewing the eight years of George Bush, especially when we watch these truncated clips, it sometimes puts it all into perspective… WHAT A FUCKING MORON HE REALLY WAS!
It’s been a bit like a survival camp, where you spend a week in a tent in the jungle with a can of beans and a match, and after a week when you return to civilization, you realized you’ve learned a lot about yourself. You realize that after you’ve been through this thing, well, you can do anything.Sometimes when reviewing the eight years of George Bush, especially when we watch... more
But we should all feel good about this! HOPE AND CHANGE! And Obama has raised $35 mil to pay for this!
Aw hell, just add it to the already massive amount of deficit spending we’re about to see.But we should all feel good about this! HOPE AND CHANGE! And Obama has raised $35 mil... more
Cannot wait to get my new Fiat 500.
Considering how well the Chrysler/ Mercedes deal went, I am not sure how Chrysler/ Fiat would work out.Cannot wait to get my new Fiat 500. Considering how well the Chrysler/ Mercedes... more
Fathi Hammad: “[The enemies of Allah] do not know that the Palestinian people has developed its [methods] of death and death-seeking. For the Palestinian people, death has become an industry, at which women excel, and so do all the people living on this land. The elderly excel at this, and so do the mujahideen and the children. This is why they have formed human shields of the women, the children, the elderly, and the mujahideen, in order to challenge the Zionist bombing machine. It is as if they were saying to the Zionist enemy: “We desire death like you desire life.”Fathi Hammad: “[The enemies of Allah] do not know that the Palestinian people... more