
Cerberus, the three headed dog to the gate of Hell and guardian of Chrysler, is playing brinkmanship with the CAW and Canadian government. Representatives through an unnamed source within the company has claimed the company cannot afford to match the terms of the present CAW deal as negotiated with General Motors this year. The source said it would be more feasible to move the entire tooling from Canada to USA and continue making vehicles there instead of matching the deal.
It seems to me they are bargaining in bad faith without adequate back up.As they are in default on previous loans as it stands, a good case can be made for the government to seize assets and force a shutdown of the Canadian subsidiary until proper reparations are made in full. As a private company, Cerberus doesn't reveal proper accounting for assessing true financial status. Looking at Chrysler from the outside we see a very dim picture. The last major retooling was for a full size truck, a limited market V8 performance car and relatively large displacement V8 engine. None of this augers well for a future where gas will be expensive and a hard hit North American market. The smaller cars are adequate but larger models are either old or not fuel efficient to face the new reality.
Looking at their cash liquidity situation, we see nothing but trouble as well. In a private enterprise situation, a company must either adjust and pare down efficiently or suffer the consequences. Since auto makers here don't really operate in a private enterprise model with unions and government regulation, it stands to reason proper adjustment should be made in their business plan to compensate for those factors. It is clear now no one had done so at Daimler Chrysler or Cerberus. In light of such spectacularly bad management, LaSorda have the nerve to demand major changes to suit their poor business model.You are wasting time!
It's time for the feds to walk in, lock up the plants and take possession for nonpayment of loans and suspect business activities.
Cerberus should have studied Classical History more. They would have learned that Hercules defeated Cerberus and brought it from the Gates of Hell. He used his bare hands to do it. They would have also learned that Cerberus was easily mollified with cake as Psyche learned as she went down to bring back a beauty charm for Venus. Sibyl also bribed the mangy mutt with cake as well. So we have a dog that acts as a bully, is defeated bare handed and can be bribed with cake. How fitting! Well we tried the cake already, let's send Hercules down.
FLASH!! Workers have seized a Chrysler parts manufacturing facility in Windsor, Ontario to prevent loss of tooling and vital componentry needed to complete vehicles and force a fair job loss settlement procedure. The revolution starts now.
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