Friends I went back to my archives for this. The reason is because John in Maine just sent me an email about Fiat talking over Chrysler at a billion or more loss to us the taxpayers.
Also please note near the end where I wrote ...Obama puts tighter restrictions on collector cars...
This was before the cash for clunkers which started up in July 2009. Where do tomorrow's classic and collectors cars come from. Usually a clunker someone restores.
Please read this.
CKM
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written May 20, 2009
I had a hard time titling this article. My choices were "Big government got even bigger", "Hitlers and Obama's vision of a peoples car", "Obama grabs more power". All three fit.
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An article from Yahoo news.
http://news.yahoo.com/s/bloomberg/20090430/pl_bloomberg/aoybbwn4b6le
Excerpts from it.
The president’s staff is aiming for Chrysler to file for Chapter 11 bankruptcy protection as early as today to pave the way for Fiat to take a 20 percent stake in the Auburn Hills, Michigan-based automaker. If Chrysler has to go through bankruptcy, it won’t take long, Obama said. Is this the role of a president? Why is an American President, have to add the word American because maybe he isn't?, trying to forge an alliance with a foreign company? What happened to the stout little 2.2 Chrysler had, why can't they revive that? Why isn't Obama encouraging ANY American company to step up and supply a small engine, even a company like Harley Davidson? Honda started out as a motor cycle manufacturer.
Chrysler’s best assets would be sold to a new entity that would have an ownership structure similar to that envisioned in an out-of-court deal between the U.S. automaker and Turin, Italy-based Fiat, said the people, who declined to be named because discussions are private. Once again America is getting fleeced. The further weakening of America to bring on the one world government.
Marchionne restored profit at Fiat in 2005 after introducing new models and sharing more components among cars and through cooperative projects with competitors. Fiat has several partnerships including ventures or joint projects with PSA Peugeot SA, Ford Motor Co. and Tata Motors Ltd. Fiat, Ford, Chrysler are are intertwined. Honda engines were put in Saturns. The Chevy HHR is made in Mexico. I could go on and on.
One issue remaining is the U.S. government’s effort to combine Chrysler Financial and GMAC LLC, the lending units affiliated with Chrysler and General Motors Corp. Now the government is attempting to combine GMC with Chrysler after Obama encouraged the merger of Chrysler with Fiat! Can you see where this heading? Will any American company be safe? And still most of you don't believe in the one world government theory.
If thats not enough read these excerpts from the most recent Yahoo news.
http://news.yahoo.com/s/ap/20090519/ap_on_go_pr_wh/us_obama_autos
President Barack Obama is asking consumers to put their money — up to $1,300 per new vehicle by 2016 — behind his plan for higher efficiency standards for cars and trucks and tougher rules on their greenhouse gas emissions. In return, Obama said Tuesday in unveiling the plan, drivers would make up the higher cost of more fuel-efficient, cleaner vehicles by buying less gas at the pump.
A new peoples car, similar to what Hitler had in mind with the Volkswagen. BUT at least Hitlers vision was for cheap affordable cars.
Carpenters will still haul materials around in pickup trucks, but they will cost more. And so will the services we get from landscapers, plumbers etc... and everything else we buy.
That means cars and trucks on American roads will have to become smaller, lighter and more efficient.
Eric Fedewa, vice president of global powertrain forecasting for the auto consulting firm CSM Worldwide in Northville, Mich., said the changes will make pickup trucks so much more expensive that they will be used almost exclusively for work.
Goodby rv's! Which also means the big pickup trucks that people use to haul or tow everything from boats, atv's, horse trailors, to mention a few, will not exist. What are we suppose to use??
Of course, developing the technology will cost money — billions of dollars — and automakers will pass that on to their customers. Whats in your wallet?
This sentence is very very important, read this carefully!!!
Automakers have said they need stable, relatively high gasoline prices to create a market for electric vehicles. General Motors fears rolling out its rechargeable Chevrolet Volt next year with gas at $2 per gallon. THIS IS ANOTHER REASON WHY GAS IS SOARING AGAIN!!! The government needs to create a need.
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I believe with all the new rules and government interference it won't be long before Obama puts tighter restrictions on collector cars which could spell the end of the hobby. Enjoy it while you can.
Carey Masci
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