Why is Chrysler sitting at the free money trough with Ford and GM?

Question 1
Why is Chrysler sitting at the free money trough with Ford and GM?...  Ford and GM are publicly traded companies and their stock is subject to impact average Americans and their retirement plans. I don't agree with a bail out, but I see why they are at the table begging. I can't believe no Senator or Representative in either of these trips to Washington asked Chrysler why they were there also. They are a private firm held by a private company that has plenty of money. If they need money shouldn't they just ask the parent company for it? Are we really going to give a few billion dollars to a hand full of guys that already have a few billion dollars in the bank?

Answers
1)   the bailout was to try to strengthen the auto industry and save or create jobs. and by the way Ford never took 1 cent in bailout money - rkbtoo

2)   This question is too little too late, Chrysler got thier money over a year ago, and Yes, Chrysler is owned by the Germans.
Ditto on Ford. - jeff rager

3)   You have alot of misinformation in here. First Ford was NEVER at the table begging. Only GM and Chrysler. No there was no money availalbe as every maker in the world was hurting last year. A few billion is a few days worth in the automotive world. - Doug W

4)   Yeah, the big 3 have the govt buffaloed.

All 3 are cash strapped. Chrysler is a fairly new company that is privately held and does not have the backing of a huge number of stockholders. Daimler still holds 20% of Chrysler, but Daimler is not interested in putting any more money into the company. Chrysler's intent is to eventually buy out Daimler.

But Ford and GM need Chrysler to keep out of monopolistic charges. For example, if there were only 2, and one of them did not offer a specific product, the other company could claim monopolistic practices and the lawyers would get rich at our expense. Back in the '60s, GM financed Chrysler's greater warranty program in order to keep Chrysler afloat.

If the car makers were smart, they would crank out a high quality model and private lable it to the other car makers. Like Toyota Matrix does for the Pontiac Vibe. Why should each company produce very similar models? All cars are going to look virtually alike because fuel economy dictates a shape that moves through air efficiently. - gladiolus

5)   Nelle, Chrysler was having a hard time like GM when everything crashed in late 2008. Ford never asked for government bailout. None of the 3 major care makers have a parent company to go to. They are the parent company. Chrysler went through this in the late 1970s' and borrowed around 4 and a half billion to try to get back on it's feet. Chrysler did just that within a few years and even paid the money back with interest to Uncle Sam before it was due. I'll bet they do the same this time. GM has already paid theirs back with interest.This is good business for the government and all involved because people can keep their jobs and the trickle down effect from the big auto makers is tremendous. It keeps thousands of people who don't even work for the big 3 employed. The government loans billions of dollars to foreign countries and make lots of money back in interest every year. The government is like a bank, it loans out money and takes it back in payments and interest to other countries. What is wrong in it loaning money to companies here in the states that helps people here? - Jackolantern

6)   The way they ended up with money was to sit around in nice suits and convince other people to let them use their money. It’s called using other People’s Money, or OPM. In that business you never leave any cash on the table. Other People’s Cash. If legislators are dumb enough to stack the thousand dollar bills to the ceiling, no Wall Street type is going to leave a dollar on the table.

And they don’t have that much money either. You see money is *all* they have. Once that is gone the show is over. No more yachts and cigars. And if you publicly blow all your money on a bad investment, the OP are somewhat reluctant to let you manage any more of their M. - unbelied

7)   management of these companies without restrictions who screwed up and, in the case of Bank of America, won't give a loan to that company where the employees are picketing. And all of those bonuses and golden parachutes that are being paid to those executives with our money. Who is protesting against that? Not enough people that I can see. But I do believe this feeling against the Big 3 is a backlash.

The loan (not bailout) is being given to the Big 3 so that our last manufacturing base in this country (thanks to the Bush administration) does not go under. Manufacturing cars has always been a tremendous industry in our country, and in WWII the assembly lines converted to war production and helped us win the war. This is a gift to main street, the hourly guy who breaks his back everyday for maybe $28 per hour (not the $72 talked about). If we allow them to go belly up, there are about 3 millions jobs across the U.S. that will go under because they are small businesses that get their income from the auto industry. You are talking of crippling Michigan, Indiana and Ohio. This will tip us over into a real Depression. This is a lot like locking the barn after the horse has run away. You think things are bad now, just let the Big 3 go under.

I admit that the public is disgusted with the previous bailouts, but the emphasis on punsihing the Big 3 for the others, is unfair. The automobile companies are guilty in the past of riding the gravy train, but so was everyone else, the American public for instance. How much have you charged to credit cards? Can you pay your mortgage? Let's get real.

I come from Michigan and know how much the Big 3 supports the Mid-west. My family is still there and things are so bad now with layoffs that there are a rash of home robberies going on now. People are afraid that if the Big 3 goes down, the state will become a welfare state and crime will become rampant.

But, as I said, this loan affects main street, not corporate executives, and we have enough people floudering because of the home failures, let alone adding a 3 million job loss to the burden that Obama will take over in January.

To put things in perspective, Bush just bought a $2 million house in Dallas where he will reside after his presidency. He gets us in two wars, bankrupts the surplus, in debt to China, and leaves us with a near disaster of an economy. Why isn't anyone angry about that?

It's smart business to save the Big 3, and it's a loan people not a bailout. - counterexample

8)   The automobile industry in America is absolutely huge. I can't tell you why the CEOs decided to ask for a bailout, but I can tell you that we've got to do it. There are way too many possible seriously negative outcomes if we don't bail them out. I understand that we're going to have some hefty governmental oversight of their businesses after the money is received. I'm furious at all the wealth some of the car manufacturer CEOs and higher management have socked away. If they had been saving some of that excess money they wouldn't need a bailout. Mis-management for sure, among other things.

Not to mention disgusting that they showed up for their first go-round at asking for a bailout in private company jets. What nerve! - materiel

9)   From the Wall Street Journal:

Lawmakers last week questioned Chrysler Chief Executive Robert Nardelli on Cerberus's commitment to the company. In one exchange with Mr. Nardelli, Sen. Robert Corker (R., Tenn.) criticized the firm. "Cerberus has cash, lots of cash, that it is unwilling to put into this company," Sen. Corker said.

I'm not sure if Senator Corker was the only one to actually ask the question (I was at work, and am relying on media reports), but plenty of others are objecting to Chrysler getting money. In fact, it's bipartisan opposition:

If the Senate fails to pass a measure to aid the industry, the House will not act.

That would be fine with Rep. Steve Kagen, D-Appleton. He opposes providing money to Chrysler, which is owned by Cerberus Capital Management LP.

Admittedly, Rep. Kagen's opposition sounds personal: Another of Cerberus' companies closed paper mills in his district, but refuses to sell the facilities to investors who want to have a go at running them. But he's urged other Members of Congress not to give Chrysler any money at all.

It looks like there are Congresscritters who support giving GM and Ford help that object to giving Chrysler help. Whether they're enough to change the outcome remains to be seen. - since Xiong


____________ powerd by Yahoo!Answers______________

Question 2
I have a 1997 chrysler van and it keeps running after I turn it off?...  Like, it sounds like the fan is still running. My husband and I are both not car savvy.. any ideas? Thanks!
Yes, but it was running for like 30+ minutes. We drove home, and it was making the same noise.
We removed the relay, the fan shut off and then replaced it.. turned the van on/off and it stayed off. Whew!

Answers
1)   it the starter, the place you put the ket i messed up, you need to go get it fixed.


answer mine please

http://answers.yahoo.com/question/index?qid=20100904000220AApZSvI - Me

2)   i believe the car the hunted. there is no fix. you could try to perform a exorcism on the car. that's all i can think of - Bill

3)   Thats probably normal for a few minutes for the fan to keep running. If it stays on, somethings wrong. - John

4)   ignition broken - Tech-Guy_81

5)   Likely the fan is supposed to run after the car has been shut off. - TardisAndTheHare


____________ powerd by Yahoo!Answers______________

Question 3
Battery problem in a Chrysler Cirrus-what is going on?...  My 1998 Chrysler Cirrus keeps dying out. We would jump the car off but the battery light would continue to flash on and off signaling that there was something going on with the battery. We checked it out and found that the battery was no good and replaced it. Well after replacing it, the light came on again and after turning the car off the car died again and we have to keep jumping it to get it started. What could be draining a new battery. #!1 we had an ignition problem where as the key got stuck in the ignition, we got the key out but now when we drive it in order to pull the key out we can not turn the switch all the way to the off position, in other words we have to turn it once to pull the key out and leave it in that position. We're not sure if the car is all the way off. All of the lights on the dash goes off but not really sure if it all the way off or not. #2 We have a huge stereo system in it that could be draining the battery. We have had the stereo system and the problem with the ignition for a while now but the car has never died out but it does drag to start. My husband thinks that we don't have enough amps in the battery to handle such a huge stereo system, I think that it's something else because the battery should have been dying out long before now and it wasn't. What could be going on? Could it be a bad alternator? Please help?

Answers
1)   Sounds like alternator............yes
To test this theory start car and while car is running disconnect negative lead from your battery.
If your car dies then its your alternator....if car continues running you have other problems - vanman

2)   DO NOT Disconnect the battery terminal while the car is running you will burn your PCM (computer). Check 1-) alternator output, 2-) check for current draw. You also fixed ignitions system your ignition might cause current draw. - Halil Gungor

3)   It could be that your charging system is not keeping the battery charged. If it starts right back up after a nice long drive, then that is not it. However, if it ALSO will not start after sitting overnight, I would say you have a ground fault in your ignition switch that is draining the battery. - class510

4)   If you didn't have the problem before the key issue, then I would say you now have an ignition switch problem. - Jackolantern


____________ powerd by Yahoo!Answers______________

Question 4
anyone see a plymouth super bird today?...  it was orange.

Answers
1)   I live in Minnesota and this summer I saw an orange 1970 Superbird while on a main street. They're very rare cars and highly valuable in any condition. - Greedy Pirate

2)   Seen it where? Here in California OC not right now its 8:23 in the morning, Google it then yes right now - rick b

3)   Yes. On my screen saver. - C-Tech

4)   Not today, but one of the service techs at a now defunct Chrysler dealership in my local area used to park his lime green one in the showroom. 440-6 with four speed. Awesome. - Jim


____________ powerd by Yahoo!Answers______________

Question 5
How long will a 1998 chrysler sebring last with 200,000 miles on it?...  I'm looking at a really cool 98' Chrysler Sebring but it has 200,00 miles on it. I wanted to know about how many more miles I can put on it without replacing parts or stuff like that because I don't know about cars. Please someone answer this if you actually know about cars. I don't want ignorance. Thanks

Answers
1)   It all depends on how it was taken care of and how you take care of it. - mister

2)   Like Mister said it all depends on how well it was taken care of, BUT that being said, 200K, as a mechanic I would buy it because I would get it at a real cheap price or not buy it, with the knowledge I would be rebuilding the engine soon. As you as a consumer and not knowing much about cars, I would pass.
Just because you buy it, doesn't mean the engine wear and mileage starts all over again and you are buying someone else very used car, Expect problems - rick b

3)   it depends if you keep it maintneced or not i have seen vehicles with over 600.00 miles on it and all the owner did was keep it serviced.it will last as long as you want it to as long as you keep tuned and ready - Matthew


____________ powerd by Yahoo!Answers______________