Could Plastech bankruptcy sink Chrysler?

The buzz on the street is that Plastech filing for Chap 11 Bankruptcy has shut down 4-1/3 Chrysler plants so far, but according to those who know this may be a lot worse than we are being told. All 14 plants are at risk for lack of parts. Chrysler is moving to take possesion of the tooling involved, if they are unsuccesful, you can expect a major blow to Chrysler and possibly force Chrysler into bankruptcy for the second time in history!

Here is the Automotive News story , you may have sign up for a free subscription to read this article.

The Chrysler Shakeup continues

Chrysler cuts four models, five shiftsUp to 10,000 hourly jobs and 1,000 salaried jobs being cut; overtime eliminated
Bradford Wernle Automotive News
Chrysler LLC, ending days of speculation, said today it will slash 8,500 to 10,000 hourly jobs before the end of 2008 and cut four vehicles from its lineup as it restructures under the ownership of Cerberus Capital Management LP.
Another 1,000 salaried jobs also are being cut, along with about 37 percent of its contract workers, the company said. Chrysler also will eliminate hourly and salaried overtime.
The cuts in the hourly workforce would equal about 17.5 percent of the company's 57,000 union employees in the U.S. and Canada.
Chrysler will drop shifts at Belvidere (Ill.) Assembly, Jefferson North in Detroit, Toledo (Ohio) North, Brampton (Ontario) Assembly, Sterling Heights (Mich.) Assembly and Mack Avenue Engine Plant II in Detroit. Three of the five plants will eliminate a third shift: Belvidere, Toledo and Brampton.
Chrysler will cut the Dodge Magnum, the Chrysler PT Cruiser convertible, the Chrysler Pacifica crossover and the Chrysler Crossfire convertible.
In the same time frame, Chrysler said it will add two products: the Dodge Journey crossover and Dodge Challenger coupe. It also will add two hybrid SUVs, the Chrysler Aspen and Dodge Durango.Read more at http://www.autonews.com/apps/pbcs.dll/article?AID=/20071101/ANA02/71101002/-1

At Auction on eBay Right Now! 1968 Chrysler 300 sport convertible coupe with an automatic transmission and odometer showing 61,307 miles. The exterior has a white paint finish with a black finish vinyl top, rear fender skirts with some small spots of rust on the edge shown in the picture below, chrome trim, a complete front grill & bumper, a very small dent on the hood, white vinyl boot cover with silver finish button fasteners, a scratch on the front driver side fender shown in the picture below, driver side engine cut off switch that is not operable, and dual exhaust system. The interior has white leather seats with a folding middle arm rest, a very tiny rip on the rear leather bench seat visible in the picture below, silver finish 300 bench seat emblem, and clean black carpeting. This 300 is equipped with a power windows, power locks, power steering, intermittent wipers, manual climate control with air conditioning, power convertible top, an AM/FM Panasonic CD player, Cragar chrome wheels on 225/60R14 tires, gauges indicating ALT-Fuel-MPH, a non working driver side window, front tilt glass, and leather seats. This 300 starts right up and sounds great.
To see more pictures and details, click on the link below.
http://tinyurl.com/2k9rv8

CHRYSLER, EH?

Chrysler seems to be in need of yet another savior. It was a major mistake to think that Daimler- Benz would do anything with Chrysler except try to turn it into an American Merceded-Benz.

Now I like several of the Chrysler models and would be happy diving one anytime, but since every other country in the world seems to hate America, it seems a little absurd to think that what D/C or any other out of the US purchaser would do would be in the interest of American owners and drivers. D/C's main goal seems to be the phasing out of everything American and the phasing in of everything German.

Now sources say that yet another non-American coalition is discussing the purchase of D/C's ailing Chrysler Division, this one is from Canada. The figure of $4.7 Billion is being mentioned. But before we proceed any further, what I want to know, is that American or Canadian dollars?