Mercedes, Not US, To Bail Out Chrysler

"Top poster - full quoter". Kind of has a ring to it.

I think a good country music writer could make a song out of that. No -
come to think of it, Al Yankovic. I think it would fit one of Tom
Petty's or the Eagles' songs, but I can't think of the name of it.

 

I was thinking Pat Benatar doing Heartbreaker...

nate

 

I think that would be good, Nate.

 

It does. He's a poet and he didn't know it.

DAS

To send an e-mail directly replace "spam" with "schmetterling"

 

Agreed to March 27 1999. And you can see here

http://community.seattletimes.nwsource.com/archive/?date=19990310&slug=2948681

that DaimlerChrysler gave up on trying to get Nissan March 10 1999.

So Schrempp and Co were out of it before Ghosen and Co stepped in.

And Schrempp got put out to pasture.

 

So.... Motor Trend is using the same logic as Rush Limbaugh now? (Who
blames the Democratic **minority** in congress 1998-2006, Bill
Clinton, and Jimmy Carter for our current economic woes?)

Despite the admiration I have for him generally, Iacocca didn't do
well the last few years. Hanging onto the K platform for one more
encore as an imitation big car (Dynasty/New Yorker) was a terrible
mistake.

 

OK, then that disproves your point about how Chrysler wanted to be
involved.

Time. As you observe above, they took their money out of Mitsubishi.
And they sold their share of Diamond-Star. They were pulling out and
Mercedes got them involved again.

I ***agree*** a car named "Colt" was sold later. I ***disagree*** the
car named "Colt" sold after the Omni/Horizon introduction was in the
same market segment as the Omni/Horizon. See above... "cut out
Mitsubshi in that size class".

For example 77 Colt at a 92 inch wheelbase, 78 Horizon at 99 inches.

Think the Plymouth Champ style Colt. Remember the one with the twin
stick trans?

It doesn't make sense that the guys who pulled away, who built their
own cars and own engines for segments where they previously bought
from Mitsubishi, and made money doing it, wanted to become mere
vehicle distributors again.

You don't know Nissan would have done well under Schrempp. Gee, he
might have turned all the Nissan cars into wagons and all the
Infinitis into trucks!

Somebody's opinion that doesn't match up with the facts I see.

Uh, Lloyd, that's the point. Decisions to do these things were with
Mercedes in charge.

Oh, and the Caliber... I checked a friend's today and the VIN starts
with a 1, which I've only seen on US assembly of big three cars
(Toyota, Nissan, etc NA assembly get a 4 first in the VIN) and the
door decal says manufactured by Daimler Chrysler. So are you sure of
the origin of this car?

 

Ed - All you have to do to understand the collapse of the
mortgage/banking industry is trace the history of the Community
Reinvestment Act (CRA) - started - yes - with Carter, strengthened by
Clinton, and then the lack of oversight of Fannie Mae and Freddie Mac
(you've no-doubt seen the youtube video of those embarrassing hearings
("lynchings", etc.), and know of Franklin Raines (Obama campaign
financial adviser), taking 90 million - $90,000,000.00 - dollars in
personal bonuses by cooking Fannie Mae's books at critical times to
trigger said bonuses while he was its CEO?).

Chrysler's situation aside (you injected the wider politics into your
post), it is dishonest to deny that very real history and how it was
more than a butterfly wing flutter that triggered what we are seeing.

 

I maintain that the proximate cause of the current financial housing
related problems are:

1) Interest rates that were kep too low
2) Excess money available due to Fed budget deficits

 

They all were a factor. I think there are idiots that think rules about
finances are arbitrary and aren't real - and a lot of those idiots are
in our government. As the saying goes, reality is a bitch. We shall see
in the not-too-distant future if any lessons have been learned. My fear
is that the answer to that is 'no'.

I agree with Rush L. about almost everything. One thing I have always
disagreed with him on is that there's no need to worry about the deficit
- he's always maintained that it doesn't mean anything. (well that, and
I also drink filtered tap water)

 

How about the Iraq "war" (invasion really).

I don't think it gets enough blame in the press for this current
economic meltdown.

 

How? It was the Chrysler folks who argued that DC should invest in
Mitsu and not Nissan.

No, it was the Chrysler execs who argued for getting involved with
Mitsu again.

Yes. Bigger than Fiesta.

They felt using Mitsu to develop small-car platforms was what they
needed. Plus, they felt a presence in Asia was needed. The Mercedes
folks favored a tie-in with Nissan, but the Chrysler folks favored one
with Mitsu.

Some expert's objective opinion. You are hardly either an expert or
objective.

And again, I remind you, it was the Chrysler folks who convinced DC to
go with Mitsu.

The platform was developed by Mitsu. It's made in a Chrysler plant.
Just like the Ford Taurus uses a platform Volvo helped develop, but
it's made in a Ford plant. It's not a Mitsu car; it uses a Mitsu
platform. You can really do a little research and find this out.

 

I'm sorry to hear that.

Please consider that many of Rush's views are single solutions to
single problems that don't consider the other effects of the solution.

I had a conversation with a former co worker about Rush's proposal
that Repubs should vote in Dem primaries and vote for Clinton. After
a few exchanges, I said "Well people who do that must be convinced
their guy, McCain, is going to lose the general election, so getting
Clinton as President would in their view be the lesser of two evils".

Answer was "Oh, no, McCain's going to win". So I said "If that's true
then Repubs voting in the Dem primariy doesn't matter. So why do
it?". .

Well, he had no answer to that. But he went away convinced I was
wrong without being able to say why.

What? Those chemicals in unfiltered water don't hurt you! <G>

 

The very first thing I did in order to read your reply was SCROLL TO THE
BOTTOM and start reading. You could have just as easily posted at the top.


The rest of your post is pure nonsense trying to impose a presupposition
of attitude on writers. Its meaningless.

 

Yea, I never did convince my self described radical conservative
friend that wars aren't good for the economy. He frequently said wars
are good for the economy.

Course, his answer to any economic woe was that "we have the most
guns".

Many people are so sick of Bush they don't even want to bother blaming
him. They just want him gone. Note that his "regret" over the poor
intelligence that lead to the war in Iraq was a ho hum event. Yet
you'd think that Bush coming close to admitting error would be big
news and people would just love to poke at him over it. Yet it was
nothing.

I wonder if he's going to pardon himself before he leaves.

 

Well, in corporate finance as well as in the economy, decisions made 20
years ago DO come to fruition today.

One of his many mistakes. He did a great job of saving the company. Once
it was healthy, he should have stepped aside and allowed the engineers
to create and be competitive again, rather than hanging onto a survive
on a shoestring mentality.

 

You don't know if I'm an expert, you don't know if I'm objective, and
regardless I can point out that the opinion doesn't match with facts
we know.

There were no "Chrysler folks". The company was being run by Mercedes
folks.

But I'm objective. Give me a cite.

Since you already know, please enlighten me.

 

The filter is to primarily remove chorine (municipal water). Swimming
pool water doesn't appeal to me, and probably isn't too healthy.

 

There has been actual and records of weapons found more recently,
including that of yellow cake. But you're right - no one wants to hear
about it.

 

You read my reply without any idea what I was replying to?

Where it would have made no sense.
In order to comprehend the reply you had to know what it was a reply to.
Even you had to figure out that it was in reply to what you had said.
Someone else reading my post without having first read yours would have no
idea what was going on.

It has nothing to do with attitude.
It has to do with presenting parts of an ongoing conversation in a
comprehendable manner.
Unless, that is, you are concinced tht only your contribution matters.
Then you may as well snip everything and just post your comment.