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-   -   UAW is at it again, this time it's chrysler (http://forums.pelicanparts.com/off-topic-discussions/371411-uaw-again-time-its-chrysler.html)

Shaun @ Tru6 10-11-2007 05:14 AM

Quote:

Originally Posted by lendaddy (Post 3525123)
Yes and no, I don't believe the parent company has any ownership in the real estate of the dealerships but yes a portion could easily be partnered with/sold to the Chinese.

Yes, only some, if any are parent company owned. But controlling the brand means controlling the dealerships. Put another way, "you want your allotment of brand new Challengers? well, you gotta sell these Feng Shui's too."

Shaun @ Tru6 10-11-2007 05:15 AM

Quote:

Originally Posted by legion (Post 3525134)
Nice ad-hominem. Do you have any substance to counter with?

Substance? You equate U.S. port national security with a car company and you expect an intelligent discussion?:rolleyes:

and it's a real stretch to say it's an ad homimem. I attacked the quality of your message, not you personally. Maybe you are sensitive? ;)

legion 10-11-2007 05:21 AM

Quote:

Originally Posted by Shaun 84 Targa (Post 3525142)
Substance? You equate U.S. port national security with a car company and you expect an intelligent discussion?:rolleyes:

You fail to see that public opinion was the driving force of the shutdown of the deal there, and also would be if a Chinese manufacturer tried to buy an American automobile brand.

Let me spell it out for you: If the Chinese cannot make safe children's toys, there is no way that anybody in this country would buy a car from them--even if it was called a "Dodge".

NICKG 10-11-2007 05:23 AM

If I ran Cerebus..I would be looking at that chinese deal. since it is an independent company, why would the US gov have any say? Dealers too? they are franchisee's, not owners. The real thing to realize is that at the end of the day, Cerebus is there to make $$ for their investers... and doing a deal like this really is a sound buisness decision imho.
I suspect that they got a more favorable deal than GM. I still beleive that their longterm ownership is doubtfull and that they are surely shopping it around, now more than ever since they just unloaded the UAW job banks and retirements back on the UAW.

Shaun @ Tru6 10-11-2007 05:27 AM

Quote:

Originally Posted by legion (Post 3525152)
You fail to see that public opinion was the driving force of the shutdown of the deal there, and also would be if a Chinese manufacturer tried to buy an American automobile brand.

Let me spell it out for you: If the Chinese cannot make safe children's toys, there is no way that anybody in this country would buy a car from them--even if it was called a "Dodge".

You do understand Capitalism and the Free Enterprise system, right? You think Cerberus gives a rat's ass what the public thinks? their ONLY goal is to make money. if the Chinese are willing buyers, with your tax $ from Iraq War installment loan repayment, the deal will go through. What part of that don't you understand? You think Cerberus cares what happens to Chrysler as a Chinese-owned company?

keep digging but bring a ladder, that hole is gonna get deep real soon!:D

legion 10-11-2007 05:29 AM

Quote:

Originally Posted by NICKG (Post 3525153)
If I ran Cerebus..I would be looking at that chinese deal. since it is an independent company, why would the US gov have any say? Dealers too? they are franchisee's, not owners.

There are at least a half-dozen regulatory bodies that would have to sign off on any such merger. I tracked the Diamler-Chrysler merger when it happened for an investment fund. There were numerous approvals.

As for dealers, they don't have direct say. But as I said above, they can vote with their feet. I believe they will. Now is not the time to bring new Chinese products to market. Dealers aren't stupid, and they will bail. Keep in mind that no matter how much money the automakers themselves lose, the dealerships are always profitable. If they were not, they would switch makes far more frequently than they do.

NICKG 10-11-2007 05:33 AM

well for one, they already have chinese product at alot of us dealers...
also, since it would not be a merger, rather a sale, no much can really be said. I stand by my prediction.

legion 10-11-2007 05:33 AM

Quote:

Originally Posted by Shaun 84 Targa (Post 3525163)
You do understand Capitalism and the Free Enterprise system, right? You think Cerberus gives a rat's ass what the public thinks?

Did you not read what I wrote? You might want to take a time-out and take a reading comprehension test.

Cerberus could give a rat's ass about public opinion. Various regulators and especially Congress (as I said before) would be the ones to block any deal because of public opinion. If regulators are smart, they would understand that Congress is going to override them. I'm not sure that they are that smart, but there is a chance.

Who stopped the port deal? Regulators--right after Congress started making threats. SmileWavy

Shaun @ Tru6 10-11-2007 05:39 AM

Quote:

Originally Posted by legion (Post 3525182)
Did you not read what I wrote? You might want to take a time-out and take a reading comprehension test.

Cerberus could give a rat's ass about public opinion. Various regulators and especially Congress (as I said before) would be the ones to block any deal because of public opinion. If regulators are smart, they would understand that Congress is going to override them. I'm not sure that they are that smart, but there is a chance.

Who stopped the port deal? Regulators--right after Congress started making threats. SmileWavy

LOLROFL!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!!!!!

That is sooooooome world you live in.

When Daimler bought/merged with Chrysler, it was a publicly traded company. You do know there's a difference between public and private companies and resulting regulatory controls, right?

Also, do you REALLY think the public is going to all up in arms about this? Before or after they pick up their Salad Spinners at Walmart? and you think that Congress is going to step in on Cerberus' deal, on behalf of an OUTRAGED public? WOW!:eek::eek::eek::eek::eek::rolleyes:

http://forums.pelicanparts.com/uploa...1192109951.jpg

JeremyD 10-11-2007 05:49 AM

Pretty sure Cerebus just increased their value by offloading the job banks and UAW retirement.

The chinese can start with a small portion of chrysler with an intent to increase ownership over a period of time.

Surely if porsche can do that with VW and circumvent the german laws in place to protect the company - the chinese can do the same.

BTW - they said the same things about the Koreans. and before that the Japanese... They won't sell that crap here -

"those that don't learn from history are doomed to repeat it..."

legion 10-11-2007 05:50 AM

Shaun, you are showing your cluelessness with every post. Regulators have to approve takeovers/buyouts. It's been that way since the first anti-trust law was passed a hundred years ago when Teddy Roosevelt was president. The goal of regulatory approval is to prevent monopolies/collusive oligopolies from forming. Regulators have been asleep at the wheel the past two decades, but some things do get their attention. One of them (sometimes) is the public screaming. Another thing that always does is Congress screaming.

And yes, the public, "after they pick up their Salad Spinners at Walmart", will notice that the "dern Chinese" are buying Dodge (it was mentioned during a NASCAR race) and be outraged by it. So will the soccer moms, after taking their kids back from the doctor for treating lead poisoning.

onewhippedpuppy 10-11-2007 05:53 AM

Quote:

Originally Posted by Porsche-O-Phile (Post 3524142)
I've worked in an "at will" state for the last ten years and I haven't had any problems.

I go to work and if I do a good job, I get a paycheck and the right to come back tomorrow. That seems fair enough to me. I'm fine with that. I expect nothing else from an employer. My worth and my value is in what I bring to the table. If I'm worth something, I'll be asked back. If not, I won't.

Why is this not fair?

Jeff, do me a favor. Please past this quote into every union related thread we have in OT. It sums up why unions are no more than organized extortion, a product of a era before labor reform.

Shaun @ Tru6 10-11-2007 05:57 AM

Quote:

Originally Posted by legion (Post 3525226)
Shaun, you are showing your cluelessness with every post. Regulators have to approve takeovers/buyouts. It's been that way since the first anti-trust law was passed a hundred years ago when Teddy Roosevelt was president. The goal of regulatory approval is to prevent monopolies/collusive oligopolies from forming. Regulators have been asleep at the wheel the past two decades, but some things do get their attention. One of them (sometimes) is the public screaming. Another thing that always does is Congress screaming.

And yes, the public, "after they pick up their Salad Spinners at Walmart", will notice that the "dern Chinese" are buying Dodge (it was mentioned during a NASCAR race) and be outraged by it. So will the soccer moms, after taking their kids back from the doctor for treating lead poisoning.

My belly hurts! Please stop!!!!!

http://forums.pelicanparts.com/uploa...1192111029.jpg

NICKG 10-11-2007 05:59 AM

Quote:

Originally Posted by legion (Post 3525226)
Shaun, you are showing your cluelessness with every post. Regulators have to approve takeovers/buyouts. It's been that way since the first anti-trust law was passed a hundred years ago when Teddy Roosevelt was president. The goal of regulatory approval is to prevent monopolies/collusive oligopolies from forming. Regulators have been asleep at the wheel the past two decades, but some things do get their attention. One of them (sometimes) is the public screaming. Another thing that always does is Congress screaming.

And yes, the public, "after they pick up their Salad Spinners at Walmart", will notice that the "dern Chinese" are buying Dodge (it was mentioned during a NASCAR race) and be outraged by it. So will the soccer moms, after taking their kids back from the doctor for treating lead poisoning.

the anti trust laws would not apply here at all. no way. they are there to prevent a company from merging or buying it's competitors..or creating conditions that are a monoply. plain and simple. The chinese do not have any such monopoly here..they don't have anything, so these anti trust laws would not apply .
as for the walmart buying, nascar lovin' fans being outraged? they may say they are, but they will buy em'...just like the do at walmart; because they are cheapo . if they were as loyal to USA goods, they would never shop walmart anyway...I don't.

legion 10-11-2007 06:02 AM

Poor Shaun.

I suggest you read some headlines on mergers. The three-letter acronyms mentioned refer to regulatory agencies. For example, the Sprint-Nextel merger required FCC approval and FTC approval.

legion 10-11-2007 06:06 AM

Quote:

Originally Posted by NICKG (Post 3525241)
the anti trust laws would not apply here at all. no way. they are there to prevent a company from merging or buying it's competitors..or creating conditions that are a monoply. plain and simple. The chinese do not have any such monopoly here..they don't have anything, so these anti trust laws would not apply .
as for the walmart buying, nascar lovin' fans being outraged? they may say they are, but they will buy em'...just like the do at walmart; because they are cheapo . if they were as loyal to USA goods, they would never shop walmart anyway...I don't.

Anti-trust is just one trump card. So is "threat to national security". But I believe the one that will be played here is "unsafe products". It's popular right now. Does that mean that this couldn't happen in the future? No. But right now, I think it is highly unlikely. And by the time public (and congressional) outrage has died down enough to make such a deal possible (a year or two), Cerberus will have already sold Chrysler.

NICKG 10-11-2007 06:07 AM

Quote:

Originally Posted by legion (Post 3525248)
Poor Shaun.

I suggest you read some headlines on mergers. The three-letter acronyms mentioned refer to regulatory agencies. For example, the Sprint-Nextel merger required FCC approval and FTC approval.

THAT WAS A MERGER OF COMPETITORS IN THE SAME BUISNESS AND MARKETPLACE>>>PUBLICLY TRADED COMPANIES...
CEREBUS OWNS CHRYSLER...
THERE ARE NO CHINESE CAR COMPANIES IN THE USA
THERFORE
ANTI TRUST LAWS WOULD NOT APPLY

dtw 10-11-2007 06:07 AM

A few points/questions.

A pet peeve - people it is Cerberus. Pronounced 'Sir-burr-us'.

How much gov't approval was required for Lianxiang to buy IBM's PC division? After the deal, did the computers still say "IBM" on them? How about a brand new one? Does it still say IBM on it? Where are they produced, today versus say, five or so years ago? How much production remains in the US? Of the production in the US, can you name the number one reason that remaining amount is still produced here?

Every question above is relevant to any speculation on selling pieces of Chysler to China. I think some of you are misinterpreting how such a deal would take shape. (I also don't think a mass exodus of Chrysler dealers to Ford/GM would work - they're weak enough as it is).

If you don't know the answers to these questions...well...it will be difficult to make a compelling argument here.

NICKG 10-11-2007 06:13 AM

my bad

legion 10-11-2007 06:20 AM

Quote:

Originally Posted by dtw (Post 3525256)
A few points/questions.

A pet peeve - people it is Cerberus. Pronounced 'Sir-burr-us'.

How much gov't approval was required for Lianxiang to buy IBM's PC division? After the deal, did the computers still say "IBM" on them? How about a brand new one? Does it still say IBM on it? Where are they produced, today versus say, five or so years ago? How much production remains in the US? Of the production in the US, can you name the number one reason that remaining amount is still produced here?

Every question above is relevant to any speculation on selling pieces of Chysler to China. I think some of you are misinterpreting how such a deal would take shape. (I also don't think a mass exodus of Chrysler dealers to Ford/GM would work - they're weak enough as it is).

If you don't know the answers to these questions...well...it will be difficult to make a compelling argument here.

There was regulatory approval required for the IBM/Lenovo deal. The grounds given there were "national security" as many government agencies use IBM PCs. Does Chrysler do any defense work? I know GM does...


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