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01-12-2009, 08:50 AM
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CD News Reporter
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Join Date: Jan 2007
13,423 posts, read 8,625,595 times
Reputation: 5470
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News, Chrysler insists it is viable despite tough market conditions.
Struggling automaker Chrysler LLC insisted on Sunday that it is a viable company despite tough market conditions and will be able to repay a four billion dollar loan from the US government.
"We see that as a bridge loan... and we fully intend to repay that," chief executive officer Bob Nardelli told reporters on the sidelines of the Detroit auto show.
Chrysler insists it is viable despite tough market conditions |
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01-12-2009, 03:59 PM
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Senior Member
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Join Date: Jun 2007
Location: Rockland County New York
2,989 posts, read 992,112 times
Reputation: 1053
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Quote:
Originally Posted by John1960
Struggling automaker Chrysler LLC insisted on Sunday that it is a viable company despite tough market conditions and will be able to repay a four billion dollar loan from the US government.
"We see that as a bridge loan... and we fully intend to repay that," chief executive officer Bob Nardelli told reporters on the sidelines of the Detroit auto show.
Chrysler insists it is viable despite tough market conditions |
I hope so. I would like to see Chrysler produce a quality car like Honda. They first have to replace the idiot lawyers and accountants at the top who have been keeping this company back in terms of producing a car based on high profit and not reliability. |
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01-12-2009, 04:15 PM
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Senior Member
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Join Date: Jun 2008
638 posts, read 305,666 times
Reputation: 321
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Nardelli has zero credibility.
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01-12-2009, 04:37 PM
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Real Estate Agent
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Join Date: Nov 2007
Location: Martinsville, NJ
2,410 posts, read 1,253,400 times
Reputation: 1129
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I'd like to think they can be viable & successful too. I want to know what they';re going to change. You give a few billion dollars to a failing company, and let them continue as they were, doing exactly that which led them to NEED the loan in the frst place, and you realy can't expect much more than continued failure, can you? I certainly don't want the US government in the car making business, but I wouldn't give them this loan without some indication that they plan do SOMETHING different.
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01-14-2009, 06:33 PM
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Senior Member
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Join Date: Dec 2007
Location: The Great Lakes State
725 posts, read 662,316 times
Reputation: 125
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I don't see Chrysler totally going away, but they will need some type of alliance or partner to recover. As for the loans, I don't now, I don't see them repaying the loans anytime soon.
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01-14-2009, 06:45 PM
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Do Not Steal, the socialists hate competition
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Join Date: Oct 2007
Location: Here today, gone tomorrow
5,460 posts, read 2,550,013 times
Reputation: 1244
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How is he going to repay 4 billion when nobody is buying cars? Its so funny... loan me a billion and let me spend all of it and I will tell you that I would be able to repay that billion next year by doing nothing... yeah, right...
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