throwing good money after bad?

throwing good money after bad?

01-08-2009, 02:47 PM

#1 (permalink)

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Join Date: May 2004 Location: AZ Posts: 1,606

throwing good money after bad?

FOXNews.com - Analysts Suggest Chrysler Can't Turn Around Company - FOX Car Report

DETROIT — Even by the standards of battered automakers, Chrysler is in dire shape. Its sales in December were down a stunning 53 percent, far worse than Ford or General Motors, and analysts say it probably won't survive the year as an independent company — despite $4 billion in government loans and the possibility of more.

Things were so bad last year that a single Toyota model, the Camry/Solara midsize car, outsold the entire fleet of Chrysler LLC's passenger cars.

"Basically they're done," said Aaron Bragman, an auto analyst with the consulting company IHS Global Insight in Troy, Mich. "There is no real possibility of turning this thing around as an independent company in my opinion."...................Nissan Motor Co. could be interested in buying Chrysler's truck business. Chrysler is already signed up to make pickup trucks for the Japanese company.

WOW, WE COULD BE DRIVING A NISSAN WITH THE NEXT NEW PURCHASE

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