StrongTurd
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Even by the standards of battered carmakers, Chrysler is in dire shape.
Its sales in December were down a stunning 53%, far worse than Ford or General Motors, and analysts say it probably won't survive the year as an independent company - despite $4 billion in government loans and the possibility of more.
Things were so bad last year in the US that a single Toyota model, the Camry/Solara midsize car, outsold the entire fleet of Chrysler LLC's passenger cars.
"Basically they're done," said Aaron Bragman, an auto analyst with the consulting company IHS Global Insight in Troy, Michigan.
"There is no real possibility of turning this thing around as an independent company in my opinion."
Source.
Good riddance! If a company is that slow to react to market conditions then we're better off without them. When one of their flagship products (Jeep SRT8 manages less than 5 kays per liter and they've got no real competitive products on the other end of the spectrum to offset these massive tanks then they don't deserve to exist.
I just hope that they are not going to be handed another bailout.