View Poll Results: Would you buy a vehicle from one who filed for bankruptcy?
yes 20 62.50%
no 8 25.00%
maybe 4 12.50%
Voters: 32. You may not vote on this poll

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Old 04-30-2009, 09:42 PM   #1
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With Chrysler filing for Chapter 11 bankruptcy this seems like a good question. *GM may not be far behind. *No matter how this turns out, at a minimum it appears as though dealer networks will be severely cut. *

My vote is maybe. *Chapter 11 is basically reorganization. *In Chrysler's case I'd have to take a hard look at Fiat, the reported future owner. *Edited by: papa2
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Old 04-30-2009, 11:00 PM   #2
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Good question! We actually bought a new PT Cruiser (we just love any kind of Cruiser) in December. We bought it knowing full well that they were no longer going to be manufactured and that Chrysler may go into backruptcy in the near future. We got such an incredible deal that I figured I could pay for most any repair "out of pocket" if Chrysler completely disappeared and I would still be dollars ahead. It actually cost me less than the first new car I ever bought (in 1993). I do think the "big three" will survive. Don't know what they will look like, but I do think they will pull through.

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Old 04-30-2009, 11:28 PM   #3
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Lonnie, I am glad that you received such a good deal. Perhaps you should bank the saving to help pay your taxes that this bailout is costing all of us. this move will dearly cost the "mom and pop" shops that make parts for the industry. I amcertainly glad that I do not own a bussiness and ust go ouyt of bussiness....where would my "bailout" funds com from?



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Old 04-30-2009, 11:29 PM   #4
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I agree that the big three will survive. Part of this was there own making rolling over a lot of Neg equity,Some of it the Government (Federal State Local) and the Bank also with there business plans.
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Old 05-01-2009, 12:11 AM   #5
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I say let them fail!They did this to themselves by being greedy. NO CEO is worth millions per year. And since when can a job that requires no college education pay $50 an hour? Don't get me wrong I'm a diehard GM fan that currently has 2 of them setting in the garage, but I am not in favor of spending tax money to help a few companies who have been mis-managed. By the way, does Fiat make anything in a 3/4 ton? Maybe a diesel? Edited by: scott
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Old 05-01-2009, 12:35 AM   #6
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My concern since the government is giving GM and Chrysler bailout money and firing CEO's, is how long will it be before they start telling them what type vehicles they can or cannot build. That probably does not look good for pickups. Smart Cars won't pull a rv.
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Old 05-01-2009, 06:36 AM   #7
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I am happy to see Ford has taken NO BAIL OUT money and does not need the government to do warranty work and ensure value is high at trade in. So I guess they are doing things right for now and will not be under the thumb of Obama.




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Old 05-01-2009, 07:42 AM   #8
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Quote:
Originally Posted by geondebi
I am happy to see Ford has taken NO BAIL OUT money and does not need the government to do warranty work and ensure value is high at trade in. So I guess they are doing things right for now and will not be under the thumb of Obama.



AMEN BROTHER...AMEN.
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Old 05-01-2009, 09:10 AM   #9
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Fiat will not own the company, 55%UAW, 35% Fiat, 10% Government. The make up of the board and the CEO will tell what direction it will go.
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Old 05-01-2009, 09:53 AM   #10
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^^^
good point Chris. *sorry, I figured the only one at the table with automobile manufacturing management experience was Fiat. *

Thanks to most of you for keeping politics and political views out of the discussion. *The Ford digs are expected, but as Yogi Berra once said "It ain't over until it's over". *

I'm not sure the poll really tells us much (yes, I posted it and I'm saying it any way) but it's interesting to note that those who would buy whether the manufacturer was in bankruptcy is 2 to 1 saying yes. *That means that in spite of political affiliation or in spite of recent government financial decisions, or perhaps because of them, we are OPTIMISTIC about the future of automobile manufacturing. *Extrapolating, this indicates that most of us are optimistic about the future. *As Teddy Roosevelt may have said it, "Bully".

Edited by: papa2
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