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Chrysler's Nardelli: Another Rough Patch

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And what would be Chrysler's ticker symbol be? Chrysler LLC! not Chrysler Corporation. Cerebrus is the majority owner of Chrysler, with DAI (Daimler) owning the other 19%. This 19% is a very insignificant element in Daimler's overall weath. Even an inexperienced investor acknowledges that Chrysler is not an impact to the Daimler price.

Nardelli Pleads for Chrysler, but Would a Bailout Help?

This article is neither about Home Depot nor General Motors. Talking about how Nardelli should know what he is getting into is about as much sense as knowing what to do at McDonalds. In both cases you have to experience and adapt to the new environment. The guy at McDonalds has it made, he only has to change his actions, not the actions of 66,000 people. Arm chair CE0s are a dime a dozen. Maybe some of the Airmchair CEOs should report to Congress. . . . OH. . . .WAIT. . . . They work for Congress. . . They Let the economy get into this disasterous situation. . . and are now holding their noses, and pointing elsewhere!

The potential to get financing is completely gone in today's market. There are no institutions who are willing to "Float" a loan. The Financial industry get a loan, and use it to immediately buy-out their competitors. Paulson has put a hold on further loans until it "Pans out". Money makes the work go around, and Paulson has put on the breaks by not placing restrictions on usage. The media is like a five year old child. The more that goes on in business, the less that gets detail reporting.

The special interest representatives (transplant States) have given many tax incentives to get the Masda, Toyota, and Mercedes plants into their States. It is these same Representatives that do not want support for the Domestic Auto makers. Even the playing field, make the Transplants pay back the incentives, place similar Tariffs on vehicles
that our exported vehicles have overseas. Shut down the dealership network from foreign interests.

Bottom Line:
The Automotive market is still growing. The Foreign Automakers are benefiting from a ready made market in the United States. The Foreign Automakers are benefitting from Foreign Subsidy (In France). The Foreign Automakers do not have pension costs (which is being addressed by the US currently). The Foreign Automakers do not have to worry about health care costs (Also being addressed). The Foreign Automakers do not have restrictions outside their country on establishing dealerships.

The high wages of the US Autoworker are days gone by. The UAW sees the handwriting on the wall, and concessions have been made. The British mistake of loosing the Auto Industry should have been a lessson to our Lawmakers.