@Mad_Science: I just heard that on CNN (or whichever news channel I had on in the car).
Cerberus has actually cut almost ALL R&D money for new model development. There are no new platforms in the works, no new cars being designed. All that's being done is cosmetic updates on existing models.
I get the sense that Chrysler would like to get a chance to make it on their own if possible, away from Cerberus' heavy hand. The Congressional hearings demonstrated that yesterday. Even to the extent that it would accept a merger with GM if that was the price of getting the bridge-loans for the industry as a whole.
I think that Bob "the builder" Nardelli could get Chrysler to focus on building energy efficient cars, as could the American car industry as a whole, knowing its their last chance before bankruptcy.
@Dollarbill4: They are. They have the Phoenix engines, dual clutch transmission, and other things in the pipeline, they just have to make it until the middle of 2009. That's why they need the bridge loan.
I still think it's lovely that Cerberus has billions to spend on bailing out a Canadian bank, but Chrysler has to go on hands and knees to the government.
If one of the plane's engines is on fire, are you going to place all your bets on the pilot sorting things out, or are you going to grab the parachute and stand by the door?
Either way, I'd be out of there before I got "goosed" by by the falling canopy. With a maverick like Nardelli in the cockpit, there's bound to be some spin-outs.
12/05/08
They're not doing any product development. None.
Their own parent company won't even bail them out. That might be a sign.
12/05/08
Do you have any proof? I see posts from insiders who say that's not true.
12/05/08
Cerberus has actually cut almost ALL R&D money for new model development. There are no new platforms in the works, no new cars being designed. All that's being done is cosmetic updates on existing models.
12/05/08
When was the last time you saw a spy shot or leak or rumor for any Chrysler product beyond the recently released Ram?
All claims to the contrary (that I've seen) were vague enough to have been generated on the spot.
12/05/08
I think that Bob "the builder" Nardelli could get Chrysler to focus on building energy efficient cars, as could the American car industry as a whole, knowing its their last chance before bankruptcy.
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That doesn't mean it's going to happen.
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Assuming of course, he shuts off the engine that's actually on fire and not the other way around.
If he's an idiot, I'm standing by the door.
If Chrysler's the pilot, I've got my chute ready.
12/05/08
EJECT!!! EJECT!!! EJECT!!!
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Either way, I'd be out of there before I got "goosed" by by the falling canopy. With a maverick like Nardelli in the cockpit, there's bound to be some spin-outs.
12/05/08