User profile: sebring96hbg
Joined: Jan. 10, 2009
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- Pinnacle CEO resigns after meeting confrontation
- As earnings fall, Riviera unsure if bankruptcy can be avoided
- Trial set for parents of boy, 4, who died in hot vehicle
- Scientology foe’s arrest raises issue of rights
- Wynn Resorts to begin paying shareholder dividend
- Las Vegas home prices, sales rise in October
- Miguel Cotto camp says big cut in June fight an asset now
- If you can rebuild the whole car, then why not allow an engine change?
- NY-NY sues Calif. man alleging trademark infringement
- Cada cherishes moment as poker’s youngest champ
Blogs
High School Sports Scene
Prep Football: Week 12 Picks
The Kats Report
Of tanking, drugs and 'Slim': In 'Open,' Andre Agassi beats the odds
Robin Leach's Las Vegas Celebrity Watch
Who are the Final Four on Dancing With the Stars?
Politics: Ralston's Flash
Drugs bring Nevada governor, first lady back together (3 Comments)
Elsewhere
Macau's gambling industry faces nightmare of water rationing (3 Comments)
Top Chef: Las Vegas
Top Chef Odds Week 11: And then there were six
Politics: The Early Line
Rep. Berkley livens health care debate with story of her own (2 Comments)
Calendar »
- 11 Wed
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- 15 Sun
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Days of the New at Wasted Space
Wasted Space | 10 p.m. to 11:59 p.m.
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DJ Boris at Godskitchen
Body English | 10:30 p.m. to 11:30 p.m.
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Holding on to Sound at Beauty Bar
Beauty Bar | 10 p.m. to 11:59 p.m.
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Rockabilly Wednesay at Revolution Lounge
Beatles Revolution Lounge | 10 p.m. to 11:59 p.m.
The Sun
Locally owned and independent for more than 50 years.
You are obviously not a "car guy." If you were, you would know that Chrysler was a very competitive auto manufacturer and flush with cash prior to the "merger of equals" with, strike that, takeover by Daimler. Thanks Bob Eaton. Daimler plundered Chrysler of its cash to rebuild Mercedes.
Also, you seem oblivious to the credit crunch which has affected all major auto manufacturers. Even Toyota has seen its sales dive by over 30%. It is thus difficult to condemn Cerberus for poor stewardship in the wake of the extraordinary global financial meltdown.
Under Nardelli, Chrysler has reduced fixed costs to lessen reliance on fleet sales, serving to increase revenues for Chrysler and to increase resale value for car owners. This restructuring will position Chrysler to be a better auto company. The government loan, not free money, will facilitate Chrysler revitalization after being freed of ten years of Daimler suppression and suffocation.