Chrysler Closing 789 Dealerships »
Posted By TimALoftis 6 months ago in Business & FinanceNEW YORK (CNNMoney.com) -- Chrysler LLC will close down 789 dealerships, or roughly 25% of the current number, according to a plan filed in bankruptcy court Thursday.
Chrysler had a total of 3,181 authorized dealers in operation at the time of its April 30 bankruptcy court filing, according to court filings. Just over half of that number accounted for more than 90% of Chrysler sales, according to the filing.
Chrysler does not believe closing these dealerships will adversely affect sales.
Read Full Story at money.cnn.com »
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FrankHummel6 months ago
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The following really SHOULD be clearly and consciously understood by ALL those who now find themsleves grappling with bankruptcies, shutdowns, foreclosures, unemployment, and the general devastation of retirement security-
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The Technological Alternatives ALREADY EXIST, and HAVE LONG EXISTED.
To the legion of "good" people who now profess to be so anxious and who dither endlessly about the ballooning national debt, and "creeping (galloping?) Socialism" and the whole pattern of governmental "meddling" in the supposedly "Free Market" economy:
This country has INDEED been LOOTED --- but it hasn't been OBAMA and company who are guilty of that! THEY simply HAVEN'T BEEN AROUND LONG ENOUGH to have been guilty of that! The claque who ACTUALLY bear the burden of that guilt GO BACK MUCH FARTHER than just him --- and in any case includes MANY more perpetrators than just mere “POLITICIANS”! I submit the crowd that now attempts to lay blame off onto the new generation of leadership / stewardship are really JUST TRYING TO EXPIATE THEIR OWN GUILT.
For instance, most people now seem to generally presume that since the whole "economic breakdown" first "materialized" in "our" marvelous "FINANCIAL sector" (and specifically, real estate), that THAT must necessarily have been the underlying CAUSE of it all. I submit, though, that the REALITY is THIS: "Our" FINANCIAL system really has NOT been the actual SOURCE of the fiscal problems for which it is now being "hung out to dry". Rather, it has simply been USED. Yes, it certainly HAS incurred a BURDEN OF COMPLICITY in --- but NOT really the PRIMARY RESPONSIBILITY for --- the much LARGER misdirection of resources and capacities of this society as a whole.
What has been done by mere financial technical minions (e.g. all those moneylenders who conjured up and “marketed” those "toxic assets") has had as its REAL objective (regardless of whether the fact was then or is even now consciously recognized by those who "played the game") DELAYING and STAVING OFF the economic collapse that HAS now finally occurred --- in effect "passing the buck" to the next generation of "leadership / stewardship" --- and “DEFUSING” popular outrage that rightfully SHOULD have rebounded in a much more TIMELY fashion on the "political faction" that has been so hell-bent on clinging to "our" little "financial" OIL EMPIRE for a little while longer. THAT in preference to actually getting SERIOUS about IMPLEMENTING the technological alternatives to ACTUALLY WEAN "OUR"SELVES OFF OF "OUR" ADDICTIVE DEPENDENCY ON OTHER PEOPLES' OIL! -
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FrankHummel6 months ago
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To make matters even WORSE, such technological alternatives ALREADY DO INDEED EXIST --- and have LONG EXISTED(!) --- CONTRARY to the notion that has been propagandistically cultivated among the hugely techologically IGNORANT preponderance of the "body politic", which has evidently been beguiled into believing that any meaningful change is predicated on hypothetical "exotic, futuristic" NEW developments "in the laboratory" over, say, the next fifty years or so.
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But the TRUTH of the matter is that by the mere application of very OLD technological concepts --- applying to the AUTOMOBILE things worked out MANY YEARS AGO NOW ALREADY in much HEAVIER-DUTY systems --- "we" could LONG AGO now already have easily FLAT-OUT ELIMINATED by now about THREE-FOURTHS of oil importation to refine into gasoline to fuel "our" automotive vehicular fleet --- had “we” but had the wit and the wisdom to do so!! And “we” would have thereby simply AVOIDED the huge waste of an entire WAR that has now CRASHED “our” whole economy!
However OUTRAGEOUS and OUTLANDISH that assertion may sound to many, make no mistake about it: PRECISELY THAT genuinely, simply IS the implication of the “new” ELECTRIC / I.C.E. "chimera" automotive architectural concept --- exemplified by the imminently forthcoming (really much BELATED!) Chevy VOLT --- or if not THAT, then by its now slightly-FURTHER-advanced EUROPEAN counterpart (jovially dubbed the AMPERE), soon to be followed, no doubt, by OTHER entries into “the derby” coming from all those clever folks over in ASIA. The idea involves BATTERY POWER carrying the car a number of miles (in the case of the VOLT, FORTY), with an internal combustion engine then kicking in if (and only if) the battery runs down. But FULLY THREE-FOURTHS of all personal auto usage "fits" within a forty-mile power budget! You go to the store, bank, doctor, etc., and you come back home AND PLUG THE CAR BACK INTO THE WALL. MOST OF THE TIME THE PETROLEUM-POWERED ENGINE NEVER RUNS! -
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FrankHummel6 months ago
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Actually, BOTH components of the "chimera" are VERY OLD technology. ELECTRIC cars have been around since the EARLIEST days of the automobile. (And by the way, the speed record for ELECTRIC-POWERED CARS out at the Bonneville Salt Flats these days stands IN EXCESS OF FOUR HUNDRED MILES AN HOUR. Now how’s THAT for speed and power?) And the I.C.E "fallback" component, involving a petroleum-powered engine that is coupled NOT to an elaborate, troublesome, expensive TRANSMISSION / DRIVE TRAIN but, rather, merely to a GENERATOR that supplies the ELECTRIC drive motors (which were powered by the BATTERY until it ran down) --- is a paradigm implemented on a much larger scale on the RAILROADS and also in the BIGGEST SHIPS on the high seas! (Anybody ever hear of the DIESEL-ELECTRIC LOCOMOTIVE??) The truth is, really BIG-MUSCLE machines have LONG relied on relatively simple, UNbreakable MAGNETIC-FORCE drive elements rather than on complex, fallible mechanical ones --- because “we” simply couldn’t BEGIN to engineer a viable CLUTCH to couple internal combustion engines (which by their basic nature CANNOT OPERATE all the way down to zero RPM as ELECTRIC motors can) to really HEAVY loads!
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I submit that all the folks who now dither and blather about the "meltdown" in the "financial sector" are in reality BEING DIVERTED AWAY from what really SHOULD be the MAIN object of their exasperation --- which is actually the FAILURE of "our" past MISguided (or maybe more like MISBEGOTTEN!) MIS"leadership" (BOTH “political” AND ALSO “corporate”!) to fulfill their ACTUAL obligations to the membership of this society (and others) --- which WOULD have been to OPTIMIZE BOTH THE CHARACTER AND THE QUALITY OF "OUR" PRODUCTS, rather than to merely MAXIMIZE ”THEIR” MONEY!
Now I wonder just how THAT sort of technological / economic realization must now weigh on all the folks who long SPONSORED and BANKROLLED the likes of a Saddam Hussein (by buying so much of what he "had to sell"), and who (or whose kids and grandkids) have subsequently been lured off into fighting a dirty little "OIL war" over in Iraq, making "us" lots of enemies the world over and in some cases even coming back dead or permanently damaged "OUR"SELVES --- or who may have LOST LOVED ONES or friends therein?? Surely it is a very UGLY, HATEFUL reality to which to have to face up. But would it somehow be any "better" for people to just meekly try to erect a "psychological defensive barrier of DENIAL", letting their RIGHTFUL wrath and ire be "harmlessly" diverted over to and dissipated on mere practitioners of artificial hocus-pocus involving "our" "FINANCIAL SYSTEM"??! Would not THAT actually merely COMPOUND the REAL fraud that has been foisted off on the REALLY aggrieved victims??!-
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chevydog6 months ago
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Interesting concepts, all. So I can drive to work (35 miles) and park in the provided 1850-vintage parking lot. Then I take out of the trunk the 100-foot extension cord (always carry it) and stretch it for 140 feet (neat trick!) across the RR tracks to the provided outlet. Have to get the key to the little building where the electric outlet is (only the maintenance man and his boss have one) . Now I can plug it in and oh d*mn, the plug doesn't fit! It's some wierd version made in Estonia-- and my cord is Icelandic standard.
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All of this is pretty silly. The point isn't that electic cars or whatever are bad. It's that there are many more parts to the system other than the car. And the car may be both the easiest and least expensive to change. Through trial and error (with ocassional welcome doses of free enterprise), we've managed to cobble together a system that works reasonably well. No doubt a system based on electric vehicles will ultimately end up in the same place. But it's going to take some thought and time and alot more money than we think it will; not just "do electric cars!"
Wierd things always seem to happen. Suppose the major metal in our batteries is Metal X. Maybe the country that has the most ore for Metal X has a supply situation that makes Saudi Arabia's in oil look weak. And now they want us to denounce Texas as a "heathen, imperialistic empire" before they'll send us another pound of ore. My trusted advisor General Colin Cheyney Pelosi says I should invade the place and take whatever ore I want.
But I'm basically a peaceable prez, and people would get upset if I do that. What now?
Anyway, nice posts, Don't wear out the caps key.
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Georgia506 months ago
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I currently drive a Dodge. Yesterday it passed the 303,000 mile mark. The engine still purrs like a kitty, although a friend of mind tells me the engine sounds like it's ready to die (perhaps my familiarity with it keeps me from hearing the age in its idling). I fear my car may have overheard his words. Anyway...I got it this far precisely by avoiding dealership repair shops.
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Oh yeah...this will be my last Detroit vehicle. Ever.
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