The health care costs in the US are killing them. I was reading one of our trade papers the other day and GM has something like $4000 in costs on every car built goes towards funding pensions and ongoing health care costs.
Gov't can't afford to let these huys fail. 1 in 7 jobs in the US and 1 in 5 jobs in Canada are a result of the Auto industry. It would cost them a lot more if they all closed up shop.
the Big 3 are all building some decent products now.. You can get a lemon whether it is a $10k Hyundai or a $400k Rolls Royce Phantom(have actually seen 3 phantoms lemon lawed at auctions)
My opinion is that Chrysler will be gone before the end of 2009. I would almost put money on it... Cerbus wants out bad. Export and development Canada is not insuring recievables for chrysler suppliers anymore... Chrysler is the walking dead. I would guess that they will sell pieces of it off to Chery/Geely/Tata or another one of the makers from emerging markets.
Anyway just some inane ramblings from New Brunswick.
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