Chrysler

[AVGWarhawk]

Good find DT.

It will be a "surgical bankruptcy," senior administration officials optimistically say, lasting just 30 to 60 days. The government will provide $3 billion to $3.5 billion in so-called "debtor in possession" financing to keep the company running and another $4.5 billion in exit financing. In addition, the Canadian government will provide $1 for every $3 of U.S. taxpayer money on the line.

Looks like a helping hand(s) in this one. Interesting the Canadian government is also providing. This will show you how deep the industry is across the boarder and it does affect them.

[ReallyDedPoet]

Originally Posted by AVGWarhawk

Good find DT.



Looks like a helping hand(s) in this one. Interesting the Canadian government is also providing. This will show you how deep the industry is across the boarder and it does affect them.

Yeah, were chipping in. The whole downturn in the auto industry has resulted in thousands of job losses here,
especially in Ontario.

[Digital_Trucker]

Originally Posted by AVGWarhawk

Good find DT.



Looks like a helping hand(s) in this one. Interesting the Canadian government is also providing. This will show you how deep the industry is across the boarder and it does affect them.

Never hauled any Chrysler parts from Canada in, but I've hauled plenty of racks to Canada and parts back to Detroit. You'd be surprised how little of an American made car is actually American.

[AVGWarhawk]

I was in the transportation side of the industry for 10 years with Central Transport. We handled quite a few racks out of Westminster MD and we serviced the GM plant here in Baltimore. JIT trucking sucks...shut down a line and see a few really start ripping you a new one. Central Transport did millions annually for GM in Detroit. In fact, the owner of Central Transport purchased the Ambassador Bridge into Canada! I do not miss pulling the production line parts. NO SIR!

[Digital_Trucker]

Originally Posted by AVGWarhawk

I was in the transportation side of the industry for 10 years with Central Transport. We handled quite a few racks out of Westminster MD and we serviced the GM plant here in Baltimore. JIT trucking sucks...shut down a line and see a few really start ripping you a new one. Central Transport did millions annually for GM in Detroit. In fact, the owner of Central Transport purchased the Ambassador Bridge into Canada! I do not miss pulling the production line parts. NO SIR!

Amen to that JIT should be JITTWFFE (just in time to wait for frackin' ever) from the drivers' side, anyway.