Comments on: Obama To Offer Big 3 Rapid Bankruptcy Deal?

By: Frank B

Frank B — Sat, 13 Dec 2008 03:56:59 +0000

Baillout / Bankrupcy How about Chrysler? Are they going to get away with this? They have been selling Some of their cars with a defective Engine for 10 years and they have been aware of it for a number of years. The 2.7 Liter Engine is poorly designed and has many Issues Sludge and cooling and of dieing an early death. Not being aware of the 2.7 Liter engine Defects my wife Bought an 2001 Dodge Intrepid with a 2.7 Liter Engine Used from a GM Dealer. Upon trying with no Sucess to Obtain a Service history of the car and having the car serviced Regulary at a Dodge Dealer she has had a number of problems with the engine. First the Cooling connection on top of engine had to be replaced Aprox $200 repair.Two Now another Coolent Leak which could be of 2 causes, bad theromastat housing gasket $ 200 or bad waterpump $1,000 both items are almost imposibal to get to to repair and now a possibality of a future engine Seizing up due to the poor design with repair cost of $ 7,000 when it fails. When she bought it har 60,000 miles on it and now about 90,000 miles on it. They blame this on poor maintance from most engine failures? Many people are and have these problems but Chrysler continue to for the most part Ignore the Owners. There is a class action Lawsuit on this but a lot of eldery owners can’t afford these repairs nor can they afford a new car at the current prices and soon may be out of any car or transportation. I belive Chrysler should fess up and do something about these Defective engines if they want to get any baillout money. Other manufactors who have had similar problems have done so and have taken responcibility to repair or replace their engine problems. Chrysler want the money now. Must their customers with Defective engines wait foever for the Lawsuit to be settled? After all if your Crysler Car with its defective engine has Been sent to the Junkyard and crushed how can a past owner recover any of their hardearned money? This problem has been going on for at least 10 Model Years and they are still selling cars with the 2.7 Liter Engine. Someone needs to do something about this.
In fact now Chrysler is offering a Lifetime Engine / Transmission Warranty on these Engines which shows they are aware of the problems.
Mabey The New President Elect before he takes office and Congress And Bush needs to be aware of this and hold Chrysler to account for this in order to get any Baillout Money. They might sell more cars if they would take better care of their customers.

By: Dennis

Dennis — Mon, 24 Nov 2008 14:22:36 +0000

Nissan is flooding the market with electric cars in three years, Toyota and Honda following suit. Unless our auto makers follow suit, Bye Bye big three. Too bad you effed over so many workers with your greed. Oh, the executives will be fine, they’re all rich!

By: mw

mw — Sat, 22 Nov 2008 06:20:23 +0000

Heh. You are cracking me up Justin. What happened to all that Auto Bailout Math that was supposed to change minds about Chapter 11 restructuring for the big 3?

Oh wait. I forgot. There is a difference between now and yesterday. Obama is now sending up trial balloons that he might support that route. Whatever. In any case – we are in violent agreement right now. A prepackaged Chapter 11 filing is exactly the right way to go, and I really hope this bloomberg story is correct. And no worries – I understand – your support for this path is completely provisional on whether or not Obama supports it. If he doesn’t – we can go back to your new math again.

By: Dale

Dale — Sat, 22 Nov 2008 00:28:09 +0000

I was thinking of something similar earlier today. What they need is not a bailout, but a government assisted restructuring so that people would still buy their cars knowing that bankruptcy wouldn’t leave them in the lurch.

They still need to do something about the top people, though. Jay Leno suggested that if they’re going to be government employees, they need to be on a government pay scale. He was joking, but it’s true. Cut those assholes down to $400K a year, max.

By: Andrew Jamison

Andrew Jamison — Fri, 21 Nov 2008 23:21:34 +0000

The gas prices this past year have seriously damaged our economy and society. We must get on with becoming energy independent.We can’t take another year like this past. Jeff Wilson has a wonderful new book out about the energy crisis and what it would take for America to become energy independent. It covers every aspect of oil, what it’s uses are besides gasoline, our reserves, our depletion of it. Every type of alternative energy is covered and it’s potential to replace oil. He even has proposed legislative agenda’s that would be necessary to implement these changes along with time frames. This book is profoundly informative and our country needs to become more informed and move forward with becoming energy independent. It is called The Manhattan Project of 2009 Energy Independence NOW.

By: theknight

theknight — Fri, 21 Nov 2008 20:18:41 +0000

I think this is a great idea by Obama. The Big 3 need re-structuring in bankruptcy. Check out this article on pro v. con of bailing out the auto industry, the against written by Mitt Romney: http://www.itaffectsus.com/?p=88