quote:Originally posted by R1 Man: That is part of my thought. If they go public, they could end up losing the company due to shareholders equity demands of liquidation. But I have to agree with you 100%.
Does Diamler have any say in what Cerebus does since they own 19.9%?
I see no gain in merging with GM for either company. So why merge?
either merge or good chance you both go bye, bye
all 3 u.s. auto manufactures will be not be left standing much longer- either come together or you will be done, toyota is just waiting to buy one of you and shut you down( to eliminate competition) when the price gets low enough, and its getting close
and ford is barely breathing, so u think your all 3 gonna make it, doubtful
Posts: 1551 | Registered: Feb 2006
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You know, I told the guy at work that the company would become worthless if they went public but he says that still doesn't explain why they won't go publically traded to raise capital. Can't really tell him anymore. He is just IGNORANT!!!
So, big 3 jobs come this way. Family members used to bring their kids and family members in to work. They normally would start working at early ages and usually never had any education past high school. Now when they hire, they pick up people from the unemployment office. What happens there is we get people who has never made good money and they still have the street life in them. They complain about others getting more money and never educate themselves. So guessing this 43 year old IGNORANT guy fits that category.
So, fears of Chapter 13. Chrysler just offered $100k buyouts for those who have less then 30 years and $70k for those with 30 or more. Their last day is October 31st. Now what happens if they file Chapter 13 within the next 2 months. Those taking the buyout will get paid in 45-60 days from the last day they work. I think that is scary.
Well, thanks for all the imput. I can say that they have the UAW scared and in bitter moods. Some ready to just quit and walk away without any money.
Posts: 2363 | From: Detroit | Registered: Mar 2005
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DETROIT – Chrysler LLC says it will cut 25 percent of its salaried work force starting next month.
The company says the cuts are in addition to those previously announced and will be done through involuntary layoffs and voluntary retirements and buyouts.
Chrysler has about 18,500 white-collar workers.
The company said in a statement Friday that employees also were told to cut discretionary and overhead expenses and reduce capital expenditures not related to major products.
Chrysler's owner, Cerberus Capital Management LP, is in talks to sell the company or merge with another. Discussions are under way with General Motors Corp. and the combined Nissan Motor Co. and Renault SA.
-------------------- It isn't so much that liberals are ignorant. It's just that they know so many things that aren't so. Posts: 6949 | Registered: Apr 2004
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