Chrysler November Sales Drop 47%

Robert Farago
by Robert Farago

You gotta love Chrysler. But not me. How in the world can they claim a right to MY tax money when they can’t even acknowledge their sales debacle on their own website? In fact, ChryCo’s sales dropped from last November’s 161,088 units to this year’s 85,260 units. Instead of admitting they’re up excrement creek without a paddle, today’s ChyrCo posting is “Why America Should Care About the U.S. Auto Industry.” How about this: why should we bail out Chrysler when its owned by a private equity group with deep pockets?

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4 of 24 comments
  • Ryan Ryan on Dec 03, 2008

    I do not care about Chrysler. At all.

  • Rpol35 Rpol35 on Dec 03, 2008

    Chrysler needs to wisen up and remember that old axiom, "Two's company; three's a crowd!" They're odd-man out in this deal going forward.

  • ZoomZoom ZoomZoom on Dec 03, 2008

    I could only stand to watch about half of that video. They're all right; we need manufacturing. But if we bail them out, that will only encourage continued bad management by the auto company management and other companies. Chapter 11 is there for a reason. That is the legally acceptable way for a company to begin a turnaround. One might argue that Chapter 11 is also a morally acceptable way (as opposed to asking for public funds with no discernable way of paying them back). As one recent TTAC article's title said, they should "learn to love Chapter 11".

  • ZoomZoom ZoomZoom on Dec 03, 2008
    NickR : When the high tech bubble burst, who bailed out the staggering number of highly educated people that were thrown out of work? No one. Why the *expletive* are auto workers more deserving? Good point. Fair is fair. And thank you for the opportunity for me to make a second post, so that I can proofread my first one.