Car Industry, one for Todd,...

[Lenny]

Chrylser looking for more money here... :( ???


Chrysler president Thomas LaSorda said the company would commit to maintaining roughly a quarter of its North American production in Canada if its “needs” are met.

http://business.theglobeandmail.com/servlet/story/RTGAM.20090311.wchryslerCanada0311/BNStory/Business/home

[roadtrip se]

blackmail. Not sure what this whole tax thingy is about. Don't you people have farily straight forward tax laws? Where is the interpretation coming into play?

I guess a lot of companies do it. As a matter of fact, all companies seem to do it when coming in to a new area. This is what makes the southern senators such hyprocrites with the transplant factories. They paid through the nose to win these joints, and then all of a sudden, we are fiscally responsible when it comes to the taxpayer's money and the bail-outs.

But the payola for staying is an interesting twist. I would love to hire-on and negotiate on behalf of CA, I know how these guys work every day and I would tie them down like a two week calf for anything I gave in return.

More from Danilel Howe on this topic from the Detroit News:

http://www.detnews.com/apps/pbcs.dll/article?AID=/20090313/OPINION03/903130343/1363/AUTO04

[motorcity]

On the news here in Detroit, they had a news story how Chrysler is stating they may not have enough money to make it thru the summer.

http://www.wxyz.com/news/story/Chrysler-Faces-Possible-Summer-Cash-Crunch/WSeoVB460UWxNGY_UlklPQ.cspx