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tony79
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« on: May 14, 2009, 04:32:00 PM » |
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Well Chrysler announced today the closing (or no more factory support) of 6 local dealerships. None of them carry the "Full" line of Chrysler products. One dealership is a three generation Co. that has been a fixture here for over 40 years. Each one has 50+ employees. Don't think this thing is over yet. I'm just glad my working days are behind me. It's getting ruff to find a good paying job these days.
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3W-lonerider
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« Reply #1 on: May 14, 2009, 05:06:09 PM » |
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fiddle mike
Member
Posts: 1148
Nothing exceeds like excess.
Corpus Christi, TX
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« Reply #2 on: May 14, 2009, 05:32:48 PM » |
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I ran across a relevant article, today, that was actually about Harley-Davidson, though it referenced the the Big Three.
It read that in good times HD, and the auto manufacturers, opened tons of dealerships since a unit was reported "sold", not when it reached the consumer, but when it was delivered to the dealer. This looks good on paper, drives up the price of stock and generates huge bonuses for corporate execs.
House of cards, maybe?
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Smokinjoe-VRCCDS#0005
Member
Posts: 13831
American by Birth, Southern by the Grace of God.
Beautiful east Tennessee ( GOD'S Country )
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« Reply #3 on: May 14, 2009, 06:43:03 PM » |
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KNOXVILLE -- Five auto dealerships in Knox and neighboring counties are on the list to be closed by Chrysler, or affected by its changes. The list was published Thursday by the Detroit Free Press.
Those dealerships include:
Delmar Haynes Pontiac GMC Jeep in Alcoa
Grayson Pontiac Jeep in Knoxville
Harry Lane Chrysler Kia in Knoxville
Burgin Dodge in Knoxville
Sexton Chrysler Jeep in Harriman
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 I've seen alot of people that thought they were cool , but then again Lord I've seen alot of fools. |
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Brad
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« Reply #4 on: May 14, 2009, 07:21:10 PM » |
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The local dealer here that is being closed was on the news tonight. According to the letter Chrysler will not be taking back cars, parts or tools. Just hang the dealer out to dry. That is not right.
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Dogg
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« Reply #5 on: May 14, 2009, 07:43:48 PM » |
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we lost a dealer that has been here for 58 years. shaffaer and strominger. sold dodge, chrysler and chev. chev pulled out first, then chrysler gave em the death blow. its a shame.
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Lyn-Del
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« Reply #6 on: May 14, 2009, 08:55:22 PM » |
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The list includes the dealer I just bought a new truck from last week. Oh, well, I've got a good truck, and we got a good price.
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 If all printers were determined not to print anything till they were sure it would offend nobody, there would be very little printed. ― Benjamin Franklin |
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RedValk
Member
Posts: 1253
Hangin' out here beats a tree on the head any day!
Titus, AL
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« Reply #7 on: May 15, 2009, 08:17:10 AM » |
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Guess GM didn't want to be "outdone"...so they announced just today they are terminating contracts with 1100 GM dealers nationwide..........
Wow...........
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 RedValk/Tim Titus, AL |
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R J
Member
Posts: 13380
DS-0009 ...... # 173
Des Moines, IA
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« Reply #8 on: May 15, 2009, 08:41:55 AM » |
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Guess GM didn't want to be "outdone"...so they announced just today they are terminating contracts with 1100 GM dealers nationwide..........
Wow...........
To the public they announced it. To the dealers it was announced in a letter to all dealerships that it was coming about 3 weeks or so ago...... The dealership I work for now announced it to his employees last week on Monday. Pontiac, GMC, Buick... He is glad he also has Mazda and Subaru. Those 2 imports are carrying the rest of the dealership.... He said if we were only a GM dealership the doors would have closed on the upcoming date June 1, 2009.... |
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44 Harley ServiCar   |
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Charlie
Member
Posts: 322
It's not what you say you do that counts.....
Grand Rapids, MI
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« Reply #9 on: May 15, 2009, 01:22:07 PM » |
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There is no better way to drive the cost of something up than to lessen the supply, which is exactly what is being done by closing those dealerships. It is especially true in areas where there are two or more dealerships for the same product.
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 States I have visited on my motorcycles Charlie #23695 |
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Big Rig
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« Reply #10 on: May 15, 2009, 01:59:51 PM » |
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There is always FORD....I hope they are ok and not planning on closing dealers...to many friends to mention with Ford...
Shame about Dodge and Chevy...hope the top execs get the ax as well...
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Andy
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« Reply #11 on: May 15, 2009, 03:20:27 PM » |
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Seriously, how is any of this going to stimulate the economy?????
We've had two layoffs at work and I'm guessing those folks aren't going to buy anything more than bare neccessities. Wife and I are still employed and would buy a new Charger complete with Hemi engine but not the way things are going. The stimulus plan doesn't appear to be stimulating anything.
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Brad
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« Reply #12 on: May 15, 2009, 03:24:40 PM » |
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Seriously, how is any of this going to stimulate the economy?????
We've had two layoffs at work and I'm guessing those folks aren't going to buy anything more than bare neccessities. Wife and I are still employed and would buy a new Charger complete with Hemi engine but not the way things are going. The stimulus plan doesn't appear to be stimulating anything.
It is not supposed to stimulate the economy. Its whole purpose is to give more control over every aspect of business and our personal lives to the federal government. It is working!!!  |
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R J
Member
Posts: 13380
DS-0009 ...... # 173
Des Moines, IA
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« Reply #13 on: May 15, 2009, 04:34:10 PM » |
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We have 22 dealerships here in Iowa that will lose their contracts.
That doesn't mean they can't still sell the brand of vehicle they currently are selling.
These dealers here all had sales of less than 500 units in the last 12 months.
They can become an sub-dealer for another local dealer.
They can sell the cars for the other dealership, and as long as the main dealership sends in the warranty paper work they are good to go. They still have to do their training and testing.
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44 Harley ServiCar |
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f-Stop
Member
Posts: 1810
'98 Standard named Hildr
Driftwood, Texas
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« Reply #14 on: May 15, 2009, 07:14:50 PM » |
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The dealer that I bought my Dodge truck from in '07 is not going to have their franchise renewed by Chrysler. The owner didn't even get a call from the factory...he found out through a web site...does that beat all , or what?
Texas is loosing 50 Chrysler/Dodge dealerships!
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  Had my blinker on across three states! |
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Lyn-Del
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« Reply #15 on: May 15, 2009, 08:41:25 PM » |
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I wasn't surprised to find our dealer on the Chrysler closing list ... it's a small dealer, and I found it very funny/interesting when the sales manager was bragging about being one of the few dealers who had a 50% increase in sales last month. Which I figured meant they'd sold two the month before, and three last month!
But I got my truck, and I know a couple of Dodge dealers that are reasonably close that should still be open. So warranty work will be covered....
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If all printers were determined not to print anything till they were sure it would offend nobody, there would be very little printed. ― Benjamin Franklin |
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MP
Member
Posts: 5532
1997 Std Valkyrie and 2001 red/blk I/S w/sidecar
North Dakota
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« Reply #16 on: May 16, 2009, 04:27:53 AM » |
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Hey, the feds are requiring them to close a bunch of dealerships. It was part of the deal they made, when they took over running the companies. Welcome to "CHANGE". Feds in charge of our whole economy.
Plus, the libs said Bush spent too much???
Obama shortfall this year, is FOUR TIMES as much as Bush's LARGEST Shortfall.
Welcome to change!!!!!!
That is all we will have left.
Energy costs will skyrocket with cap and trade.
Cig taxes have already gone way up.
And now, we want the feds to pay for health care?
And yet, he keeps saying only the rich will pay.
If you take 100% of the money the richest 10% make, it will not pay for everything. Hang on to your wallet, Obama wants it.
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 "Ridin' with Cycho" |
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Scanner
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« Reply #17 on: May 16, 2009, 07:10:18 AM » |
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Absolutely. we should have just watched them continue to lose billions a year and 2 million related jobs! That would show em and "stimulate" the economy too!
By the way - it was Bush who gave them the 17 billion bailout in December, but don't let that stop you Obama bashers. Facts are just an annoyance sometimes aren't they?
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« Last Edit: May 16, 2009, 07:14:35 AM by Scanner »
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Reality - it's nice here, come visit sometime!
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Skeeter (Va)
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« Reply #18 on: May 16, 2009, 01:49:18 PM » |
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There is always FORD....I hope they are ok and not planning on closing dealers...to many friends to mention with Ford...
Shame about Dodge and Chevy...hope the top execs get the ax as well...
Talk about (my) friends at Ford....Ford shut down their F-150 plant here in town just before the recession in Norfolk Va, after 44 yrs.. Ford was the second largest employer in the area...The Navy being first.  |
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Life's tough....It's even tougher if you're stupid.... 1998 Blk..Valk Std...1971 Honda 750 Four...
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Varmintmist
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« Reply #19 on: May 16, 2009, 02:09:03 PM » |
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Absolutely. we should have just watched them continue to lose billions a year and 2 million related jobs! That would show em and "stimulate" the economy too! Yes, we should have. If the company is being run into the ground, then it goes under. It is really NOT the taxpayers problem. If they were not bailed out this would have happened to a lesser degree last year. Since they got free money, everyone had to take a hit, except the unions, the govt (see them relax CAFE standards?) ,and the company. Yep they (we) all gave, all the taxpayers who didnt cause the problem to begin with, now someone thinks we need to give again. By the way - it was Bush who gave them the 17 billion bailout in December, but don't let that stop you Obama bashers. Facts are just an annoyance sometimes aren't they?
The fact is it was a bad idea when the former "progressive light" administration did it. To compound the problem with multiples of my money with the hard core progressives is even a worse idea. GM and Chrysler took the cash, now they will do what they are told, might as well rename them ZIL 1 and ZIL 2 cause they are going to build whatever the politocos want to tell you what to drive. Me? I'll buy Ford's. |
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However beautiful the strategy, you should occasionally look at the results.
Churchill
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MP
Member
Posts: 5532
1997 Std Valkyrie and 2001 red/blk I/S w/sidecar
North Dakota
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« Reply #20 on: May 16, 2009, 05:35:44 PM » |
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Tell me, who was in control of both the senate and the house???????
Dummycrats.
They had to pass the bill.
And Bush signed it.
However, the bulk of the shortage has come AFTER that. That is less than 1/4 of the shortfall, and Obama is proposing massive new spending on top of that. Do NOT blame Bush for that!
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"Ridin' with Cycho" |
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Scanner
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« Reply #21 on: May 16, 2009, 06:10:32 PM » |
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From the National Review & Wall Street Journal:
Bush’s eight-year-long spending spree, his signature on at least 69,341 earmarks, his barely touched veto pen, his $783 billion Medicare drug entitlement, and his massive financial bailout (so far: $3.35 trillion in actual outlays and $13.35 trillion in total guarantees and commitments) apparently are not enough. Bush believes that what taxpayers really need is yet another $40 billion for Detroit to spend with little assurance that automakers will make the major reforms needed to restore their competitiveness.
If the next deal resembles the last one, Uncle Sam will take a 20-percent equity stake in each car maker in exchange for bailout billions — something unthinkable as recently as Labor Day. If so, these partial nationalizations would turn General Motors into Government Motors.
Bush also embraced (and may reintroduce) the idea of a federal “Car Czar” who would supervise the Big Three, approve all their expenditures above $100 million, and somehow manage the affairs of three companies that compete against each other. This is pure, dirigiste industrial policy.
Because the loans were ordered by the administration, rather than mandated in legislation, the money flows first and the repayment terms are literally written on paper that the new president can rewrite. He can ease or toughen provisions in future negotiations.
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« Last Edit: May 16, 2009, 06:13:56 PM by Scanner »
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Reality - it's nice here, come visit sometime!
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elgato
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« Reply #22 on: May 16, 2009, 07:21:39 PM » |
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I know what I'm about to say is gonna go over like a lead balloon, but here it goes. In all this finger pointing we might as well turn our fingers at our own selves! Because in the end the economy is in the state it’s because we didn’t want to buy our own products because they cost too much, or the so called quality wasn’t there. So what did we do? Close the plants making products here and sent them somewhere else so they could make it cheaper for us.
So it was only a matter of time before the economy fell apart, and soon we’re not only not gonna be able to afford our own products; we’re not gonna be able to afford anything without a job.
We have to try to keep money in our own economy instead of sending it off to other economies and making them stronger.
I know its easier said than done but if we just try it might get us back on our feet again.
Start small. The pencils you buy for your kids to use at school for instance. 98% of all pencils are made in China. There are still two U.S. pencil manufacturers in business here.
So just start small and buy our own pencils!
We gotta start somewhere!
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Ted_N
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« Reply #23 on: May 17, 2009, 07:15:09 AM » |
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That's the way bankruptcy works. At the instant of a Chapter 11 bankruptcy filing, the old corporation ceases business. A new entity then has temporary possession of all the stuff the old outfit had. Those are assets, liabilities, contracts (including labor unions), leases, etc.
Under the guidance of a court-appointed trustee, the Debtor In Possession or DIP, creates a plan to form a profitable business going forward. Along the way, the DIP may discard or sell any of the stuff that the dead company had. Yes, there are procedures and court approvals required along the way. If any debts are paid, it will be a small portion paid over a long period. The only unavoidable debts are, surprise, taxes.
The point of this is that the Chrysler of old did not cancel the dealer contracts. The DIP did that while on its assignment to create a profitable company to go forward. That's the sole and entire purpose of a Chapter 11 bankruptcy.
Now for the big question. Let me see the hands of those who want to buy the first car off the assembly line at UAW/Obama/Fiat Motorcars, Inc. Hmm, that's what I thought.
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huckleberry
Member
Posts: 22
SA Chapter President on Huckleberry
San Antonio Texas
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« Reply #24 on: June 03, 2009, 03:09:16 PM » |
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Maybe we should of thought of that when we were all buying foreign autos.I have been with General Motors forty seven years and i would not buy a foreign car with out a court order,my Cadillac only has two hundred and seventy thousand.I am thinking of trading it in at five hundred thousand.Huckleberry
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Wizzard
Member
Posts: 4043
Bald River Falls
Valparaiso IN
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« Reply #25 on: June 03, 2009, 03:30:18 PM » |
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This picture of a sign in front of a car dealership pretty much says it all.  |
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Bagger John - #3785
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« Reply #26 on: June 03, 2009, 04:52:08 PM » |
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Maybe we should of thought of that when we were all buying foreign autos.
Errr...uhhh...excuse me, but what brand of motorcycle are we all riding? ??? |
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Wizzard
Member
Posts: 4043
Bald River Falls
Valparaiso IN
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« Reply #27 on: June 03, 2009, 04:53:19 PM » |
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American made Honda here,, more american parts on mine than on a harley
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