Zetsche confirms Chrysler for sale

Zetsche confirms Chrysler for sale
http://freep.com/apps/pbcs.dll/article?AID=/20070404/BUSINESS01/70404001...

April 4, 2007

By TIM HIGGINS

FREE PRESS BUSINESS WRITER

BERLIN -- DaimlerChrysler AG is in talks to sell the Chrysler Group, Chairman Dieter Zetsche will indicate during his speech to shareholders this morning.

According to parts of his prepared speech, released early this morning in Germany, Zetsche will say DaimlerChrysler is in talks with

No votes yet

I hear the doors closing as even more foreclosures take place and those who have not already left the city pack up in search for new opportunities.

It may not be a bad thing. Perhaps it will be the wake up call that brings about creative ways of making Toledo a new and different place in which to do business.

bill

Yep, another pre-foreclosure in these parts -- a friend of a friend in her condo. This time she had been underemployed and then unemployed for so long that she finally got the NOD (Notice of Default). However, she contacted a realtor and after he conversed with the bank, the bank decided to delay foreclosure for a few months to allow her to sell the condo and perhaps retain some equity. That's about as hopeful as it gets today.

My particular involvement is in fixing several items in the condo cheaply (cheap = my labor) so that it can be sold in working order.

What will she do once her condo sells? Why, after selling off as much as possible, she's heading to Florida to live with her military-connected son. Another loss for Toledo ... although I'm sure the Capitalist scum who run Toledo's free economy are not feeling the loss, and are probably high-fiving over having gotten rid of another 50-something without being sued for age discrimination or hit for higher insurance premiums.

My advice to economically-nervous people is simple:

1. Radically decrease your standard of living. This means stop spending, duh. Anything new is generally a luxury.
2. Use the positive margin between income and the new level of expenses to create a stream of savings. Plop the money into a normal bank account (covered by the FDIC insurance).
3. Use the savings eventually to move to an area that is NOT like a Second World nation.
4. Forget about Toledo. If you do think about it, only consider ways of getting friends and family away from it in the same fashion.

Some people might find this kind of advice harsh, even negative. However, I'm simply facing reality, and the reality in Toledo is particularly harsh. At nearly 40 years old, the only events in my life that I can't bear recollection -- literally meaning that I don't think about them on purpose since they're so gut-wrenchingly unpleasant -- all occurred to me in Toledo in the period of 1999 to 2005. All the inconsolable disrespect, loss and betrayal happened in Toledo because of WHAT Toledo and Ohio really are: the Albania of Western Civilization.

I wasn't sure if the whole thing was a bluff to get the healthcare cost concessions that GM and Ford had agreed to last year. I now believe that they (Daimler-Chrysler) are serious about selling us. I also personally believe that it has always been the German side giving most of the orders since the "merger." I reserve judgement on whether things would go better without them. I do know that size is not always an asset, too many layers of management can negatively affect the speed of decision making, and things are not always as they seem.

I work there (TNAP) (Toledo North Assembly Plant), and I will continue to do what I have always done. I will do my job 100 percent, and find creative ways to increase our quality and efficiency. I will help to sell our cars and trucks, and get my family and friends to try them and buy them. I will promote our products and be a good citizen.

I'm not going to spend one minute in any type of gloom and doom scenarios based on any unproven assumptions.

...that the latest offer was contingent upon a renegotiation of US contracts with the UAW?

He's back! Kerkorian bids $4.5 billion for Chrysler
Billionaire joins the field, says unions will have ownership stake
http://www.freep.com/apps/pbcs.dll/article?AID=/20070406/BUSINESS01/7040...

April 6, 2007

BY TIM HIGGINS and KATIE MERX

FREE PRESS BUSINESS WRITERS

BERLIN -- Kirk Kerkorian, the Las Vegas billionaire with a history of shaking up the Detroit auto industry, is on the steps of DaimlerChrysler AG, offering $4.5 billion to take the struggling Auburn Hills-based Chrysler Group off the Germans' hands.

If you're here to tell me it's my fault - you're right. I meant to do it. It was alot of fun. That's why I have this happy smile on my face.

I'm saying this for the simple reason that there are numerous forces at play here, and to speculate on any supposed outcome is counterproductive at this point. I'll agree with the general sentiment that (the rich will get richer, and the poor will get poorer.) I am not trying to argue with the Great Wizard of Zeroville, the ultimate and esteemed Guest of the Bubble Blog! Plus, I must admit I haven't kept up on happenings in Albania! I can find it on a map, that's about it.

I'm sorry to inform you that I do know more about the breakup of Yugoslavia, the Bosnian-Serbian, Croatian, Albanian, Montenegro, dis-integrations, and the balkanization of these mini- states, along with the pertinent politics and social costs of upheaval along with various nationalistic tendencies amongst tribal groups, thereby rendering previous political fault lines obsolete. The ending statements I made were relatively facetious, and an attempt at humor.

What I said was I have not kept up lately. That is true.

Three hours later, you respond with a failed reading of my statements, and (That you can't find Albania on a map) does not correspond with the statement I made. Feel free to read it again. I do know exactly where Albania is, as well as every other country on the face of the earth. I also know their previous names where applicable, and some background as to social and economic life, culture, and history, concerning these various entities, states, and territories.

My statement about reserving judgement is appropriate in this situation, for the reason that Chrysler may not be better off under German ownership. There are a number of situations and scenarios in which the return to U.S. ownership of Chrysler could produce benefits for the workforce.

Finally, I am prepared for most eventualities concerning my ability to provide for my family. I will survive. I have more than one rabbit to pull out of my hat. One rabbit I'll pull out is my optimism, and my faith in my abilities. I do a good job at whatever I do.

That last comment about the frontal lobotomy was certainly not munificent in the slightest!
(munificent) \myoo-NIF-i-suhnt\, adjective:
Very liberal in giving or bestowing; very generous; lavish.

P.S. I also never said that I refused to anticipate the future. I simply stated that I would not be obsessed with prophecies of doom and gloom. The simple fact of the matter is that whatever comes my way, I have to deal with it in the most reasonable and productive manner possible. You have a nice day too!

I choose how to deal with my own life, you choose how to deal with yours. I choose to remain positive because I have children who need me to be a positive role model. I have a wife who needs me to remain positive. I have two Siamese cats, and a parakeet named Billy! Every one of these people's and animals lives depends totally upon me keeping my shit together. So you do what you need to do, and I'll do what I need to do.

I just got back from the Ansel Adams photography exhibit at the DIA. (Detroit Institute of Arts) They are doing quite a bit of renovation there and it looks beautiful. I am an amateur photographer as well as a writer. I have many hobbies and interests, and I will survive. I choose not to flip out just yet, if you don't mind?

P.S. It took you almost twelve hours to come up with that last answer, you're slowing down!

"Ford CEO: $28M for 4 months work"
http://money.cnn.com/2007/04/05/news/companies/ford_execpay/index.htm?se...

These corporations are just being run by executives for executives and institutional shareholders. Why Americans buy the common stock of these companies is beyond my understanding.

I'm sure the D-C execs will pay themselves beyond the dreams of all avarice once they're done firin' and cuttin'.

That Dundee GEMA engine plant is probably the only viable model for an auto plant in the USA for the next 25 years. Once you get that $15/hr salary, I sure hope you auto workers save your money. That salary is not enough to get you out of the debts that are being lined up for you by the financial and political elite.

It'll wind up being a rape of the people at the bottom. Then the execs will all get huge bonuses. That's the way it works in america today.

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In World War 2 we fought (and defeated) the Axis. Today we're afraid of cellphones, smokers, and cheeseburgers. It's about at the end, people.

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'I used to have compassion, but they taxed it and legislated it out of existence.'

Whoops-sorry, got a double post somehow LOL

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In World War 2 we fought (and defeated) the Axis. Today we're afraid of cellphones, smokers, and cheeseburgers. It's about at the end, people.

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'I used to have compassion, but they taxed it and legislated it out of existence.'

Refusing to anticipate the future is paramount to an intentional frontal lobotomy. Ignorance should not be embraced.

You are a poster child for the public reaction to what the Capitalists have done (and are continuing to do) to Toledo, Ohio, and America in general. That you can't find Albania on a map is yet another indicator that you're a sad product of the public education system, which leads to poor citizenship, which leads to the cultural malaise that your reaction is a subset of.

And that's the Munificent Wizard of Zeroville to you, Sparky! :^)

Of course it was munificent. I was very generous when I lavishly suggested that you had almost literally self-lobotomized yourself. I gave and bestowed. In your HappyTalk

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