Chrysler Bankruptcy: When a Giant Falls, We All Feel the Ground Shake

According to Associated Contents Wikipedia, today's Chrysler was founded in 1925 by Walter P. Chrysler. From the beginning there seemed to be one problem after the other with Chrysler. The car corral has a long history of negative financial situations. Many "arrangements" have been necessary over the years.

Chrysler produces a nice looking vehicle. It is sleek, more modern than some and jeep is the choice for the young. Today's Chrysler has elements that suit the palates of all. Their vans are unique and are family friendly. They have pretty cars, then why?

My experiences with Chrysler/Dodge/Jeep have not been to my standard of customer care. I personally would not be a repeat customer. In my case, the aftercare service was horrendous. My relationship with Chrysler is generational; parents in the 50's, me in the 70's and children in the 90's. The 50's cars were gorgeous, roomy and added an elite image if parked in your drive. The 70's produced an inexpensive family wagon and "pretty/elite" did not matter to me. A young mom wants reliability and safety. However, there were always problems, and Chrysler did not take responsibly for a poorly designed vehicle. The 90's, same problems with a beautiful vehicle that never worked properly, and my local Chrysler/Dodge dealer would not take responsibility for a poorly designed vehicle. If this was happening elsewhere, there would come a time that repeat business would be slim. We soon learn the package is prettier than the contents.

Irresponsible spending with no accountability, ridiculous bonuses, outrageous demands from the unions, how can any company survive very long? Mind that this is with bailout, after bailout, after bailout. When does it end? No more money give-aways..

Washington is clueless. Anybody than runs a household can figure this out. Don't wait until you are at the point of bankruptcy before "you" make changes". Chrysler has stayed alive for years by wheeling and dealing with our money and where has "our" money gone? Once again, Washington can not support any accountability credentials for these bailouts.

Now we are there, bankruptcy. Chrysler should have negotiated with the auto workers years ago. Chief Executive Officers (CEOs) and Chief Financial Officers (CFOs) surely do not deserve and have not earned these unbelievable bonuses for failing.

It is a sad day in the United States of America when we have to depend on a foreign auto maker (Fiat) to bailout an American auto industry legend.

Chrysler, I hope you make it. Pay back your loans. Restructure the right way. Sensible pay and bonuses.

When a giant falls, we all feel the ground shake.

http://en.wikipedia.org/wiki/Chrysler