posted 01-29-2001 01:14 PM                  

Rumor is that Prowler is only going to be built till parts bins are depleated. Don't know if true or not, read it in AutoWeek.

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Trey
Post 2001 Black-Tie #005
(your welcome Larry)False alarm, it's gone now.

posted 01-29-2001 03:47 PM                  

For the good of all, let us hope Schrempp (?) and Zetsche (?) can turn this mess around. I thought when Franc. Castaing walked out, things were going down. JMO

posted 01-29-2001 08:11 PM                  

Alleycat.......of course I hope they turn it around....we need to keep our job!!!

posted 01-30-2001 05:08 PM                  

Have no fear......we may be down right now, but not out!!

posted 01-30-2001 05:15 PM                  

1. Loss reported was mostly the heavy truck industry(They tucked the loss into chrysler thinking the books could handle it. with the press ready to jump at it they did and ran all the story about it.

2. Eaton : did chrysler very well as for taking his 70 million and running. He had stock in the company and sold it if he got 70 million in proceeds good for him.

3. The germans they have a different way of managing , and a change of managment will not immediately turn it around , it is a long term thing.

So just look at the positive and it will be alright
i'm not trying to ruffle any feathers and these are just my thoughts

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Lance Delk
L.delk@quinnoftulsa.com
800-722-7686

posted 01-30-2001 05:20 PM                  

Thanks.

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Trey
Post 2001 Black-Tie #005
(your welcome Larry)False alarm, it's gone now.

posted 01-30-2001 05:25 PM                  

quote:

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Originally posted by CJ:
HiHoSilver - regarding Eaton....
The downfall started before he sold to the Germans under his regime.

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Exactly my point. And he sold high. The Germans were the one that didn't due a good "due dilegence" job and paid too much for a company that was tanking.

I don't understand this pitting the rich against the poor mentality. Businesses are in business for one thing, "to make money for their shareholders and owners, Period." Not to do charity work or provide billions of jobs to the masses. Sounds cold but if someone doesn't like it, they can start their own business and put their own assets on the line. I'm sure alot of shareholders, including Eaton, made out like bandits on the sale. More power to them all.

Who among us would not take the $70M and run if we had that much stock in the during the sale?

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Trey
Post 2001 Black-Tie #005
(your welcome Larry)False alarm, it's gone now.

posted 01-30-2001 05:31 PM                  

this article talks about eaton

posted 01-30-2001 08:41 PM                  

Eaton sold us out.....for whatever his reasons, and the culture differences at the beginning were difficult. People left because they weren't willing to work together. The slide started from there. Those of us who hung in there and continue to do their jobs are the one who end up paying. So much for teamwork.....

Oh, and Lance, I would bet that if you were one of the people who are going to end up losing their job you wouldn't be saying "good for him" (Eaton and his 70 million).

posted 01-30-2001 09:48 PM                  

Any truth to the second rumor saying Prowler production will be limited to available raw materials?

posted 01-31-2001 11:46 AM                  

I do indirectly work for chrysler, you don't think that all this slander has slowed sales down? Why else would we be selling a prowler for about 200 over invoice that has a floor plan cost of close to 400 a month? So you aren't the only one that this affects , we were just talking a minute ago , "thank God for the PT cruiser " with out these incoming orders we would be selling about 70 cars a month for the past couple of months , this is a dealer that average 130 to 140 cars per month and we deliver 30 PT Cruisers a month, so to say your are the only one affected , I hardly think so. Sorry to ruffle your feathers CJ

posted 01-31-2001 01:20 PM                  

quote:

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Originally posted by CJ:
Well, Trey, I am not going to get into any arguments about this, but we have worked for Chrysler for 22 years. The company was making money and had 8 billion dollars in cash reserves. I guess I don't understand how someone can equate that with "being in the tank".

Wasn't looking for a fight but in your own words you said the company was headed for problems. Eaton, I think, knew that and put forth the best deal for the shareholders to make money.

Eaton sold us out.....for whatever his reasons, and the culture differences at the beginning were difficult.

I disagree, he didn't sell you out. He had no commitment to you to offer you a job for life (no company does that). Again, he wanted to make money for the shareholders and I'll bet they liked the deal.

People left because they weren't willing to work together. The slide started from there. Those of us who hung in there and continue to do their jobs are the one who end up paying. So much for teamwork.....

Happens at ANY big company.

Oh, and Lance, I would bet that if you were one of the people who are going to end up losing their job you wouldn't be saying "good for him" .

I used to be a geologist so I was intimate with the word "LAYOFF" at 6 companies over 7 years. I hold no grudge against any of them. If it had been my company, I would have done the same. I could have wallowed in misery but, I kept picking myself up and moving forward. I finally decided to start my own company. First three failed miserably, second two did pretty good (still going) and current one is going incredibly. But, if times got tough, I'd let others go before I let it effect my family (my risks, my rewards....)

Perhaps I just think differently then most.

(Eaton and his 70 million)

You keep mentioning that as if it was bad. Why?
(I'm counting on being in that territory in two years....[fingers crossed])

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Trey
Post 2001 Black-Tie #005
(your welcome Larry)False alarm, it's gone now.

posted 01-31-2001 04:07 PM                  

quote:

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Originally posted by Lance.d:
there was another one Roger Crandle made off with way more than 70 million when he left american airlines , he then started up a airlines based out of vegas and then sold it to american. So his proceeds that he got from his stock built a small commuter airline and then sold it to american . so they bought there a airline they paid for themself? think about that one

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Capitalism, gotta love it.

CJ- sure we are all entitled to our own opinions. I personally know how layoffs can affect individuals and companies (both from the side of being let go and the one doing the letting go). Not fun on either side but, the head of any company's job is to make a profit. PERIOD. If that means letting people go and streamlining, that's the breaks but, those who started the company or are heavy investors have alot more to lose then those they typically employ. I'd be nice if companies didn't have to ever lay off people but, that just isn't viable at times.

My thing though, is don't slight someone cause they made some money. Would it have been any better if Eaton left with only $70 dollars? No, cause those same people would still be getting pink slips so it would have no effect on their outcome. Don't fall prey to the liberal "rich versus the poor" mantra.

I guess I look at it differently (although I don't think so) cause I have my own businesses. If mine go under, my employees are out of a job and have to look elsewhere. I'm also out of a job but, additional loose everything I own to creditors. And we are talking loosing ALOT. So, if I'm willing to take that kind of risk, then I should get the big reward. Same for any business owner or major stockholder.

How come no one that possibly knows if there is any rumor to ending the Prowler when the current parts bins are empty?

How much do those bins hold? Enough for 10 cars or 10,000,000???

Thanks,

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Trey
Post 2001 Black-Tie #005
(your welcome Larry)False alarm, it's gone now.

posted 01-31-2001 04:56 PM                  

And remember.....rumors are rumors and speculation is speculation unless it actually comes to pass.