| Submit Your Article | |
| Contact Us | |
| Our RSS Feed | |
| Our Blog | |
|
|
Chrysler supposedly in 'chaos', suppliers could demand COD |
GM is getting the lion's share of the glaring national spotlight due to the immediacy of the company's cash crunch, but Chrysler's situation is easily just as dire. Employees at the Pentastar know this, as evidenced by the fact that a full 25% of its salaried workforce took voluntary separation packages to get while the getting is good. Those 5,000 people weren't just sitting around at Chrysler headquarters, though. They had responsibilities, and Automotive News and the Dow Jones News Service is reporting that chaos is settling in due to the personnel vacuum.The report cites three sources with knowledge of Chrysler's supplier dealings as saying that suppliers are nervous about bankruptcy, and as a result may beginning to ask for cash on hand in return for parts. A Chrysler spokesperson called the 'chaos' term unwarranted, and said that the loss of jobs will help the company to "continue the transformation of our company." Mega-supplier Borg Warner, for one, told Automotive News that all of the Detroit automakers are currently paying their bills on time, and there have been no reports of Chrysler not paying any large suppliers.
[source]
Add your comment:
More articles in this category
Chrysler supposedly in 'chaos', suppliers could demand COD
GM is getting the lion's share of the glaring national spotlight due to the immediacy of the company's cash crunch, but Chrysler's situation is easily just as dire. Employees at the Pentastar know this, as evidenced by the fact that a full 25% of its... More »
Chrysler supposedly in 'chaos', suppliers could demand COD
GM is getting the lion's share of the glaring national spotlight due to the immediacy of the company's cash crunch, but Chrysler's situation is easily just as dire. Employees at the Pentastar know this, as evidenced by the fact that a full 25% of its... More »
Washington may get majority stake in GM, Chrysler
The first draft of the automaker bailout bill is out and late last night, congressional Democrats and the Bush administration were reviewing changes that would put the auto industry’s future under great government scrutiny and may even give... More »
Chrysler LLC can't survive, expert says | The Detroit News | detnews.com
DETROIT -- Chrysler LLC cannot survive intact, even with a government loan, an automotive analyst said Wednesday. The road ahead for Detroit's automakers, which are losing ground in North America to foreign competitors, is grim, CSM Worldwide... More »
Chrysler LLC can't survive, expert says | The Detroit News | detnews.com
DETROIT -- Chrysler LLC cannot survive intact, even with a government loan, an automotive analyst said Wednesday. The road ahead for Detroit's automakers, which are losing ground in North America to foreign competitors, is grim, CSM Worldwide... More »
Chrysler supposedly in 'chaos', suppliers could demand COD
GM is getting the lion's share of the glaring national spotlight due to the immediacy of the company's cash crunch, but Chrysler's situation is easily just as dire. Employees at the Pentastar know this, as evidenced by the fact that a full 25% of its... More »
Chrysler supposedly in 'chaos', suppliers could demand COD
GM is getting the lion's share of the glaring national spotlight due to the immediacy of the company's cash crunch, but Chrysler's situation is easily just as dire. Employees at the Pentastar know this, as evidenced by the fact that a full 25% of its... More »
Washington may get majority stake in GM, Chrysler
The first draft of the automaker bailout bill is out and late last night, congressional Democrats and the Bush administration were reviewing changes that would put the auto industry’s future under great government scrutiny and may even give... More »
Chrysler LLC can't survive, expert says | The Detroit News | detnews.com
DETROIT -- Chrysler LLC cannot survive intact, even with a government loan, an automotive analyst said Wednesday. The road ahead for Detroit's automakers, which are losing ground in North America to foreign competitors, is grim, CSM Worldwide... More »
Chrysler LLC can't survive, expert says | The Detroit News | detnews.com
DETROIT -- Chrysler LLC cannot survive intact, even with a government loan, an automotive analyst said Wednesday. The road ahead for Detroit's automakers, which are losing ground in North America to foreign competitors, is grim, CSM Worldwide... More »
Bookmark this Article:
More...
More...
Article Views Rating: 113 Words Count: 190
©2008 carwad.net
