Tuesday, October 21, 2008
More bad news for Chrysler...
Is this really the beginning of the end?
They have new decided to stop work on their new line of V6 engines.
Last week they also canceled their new 6 speed automatic transmission.
A 6 speed auto and a modern V6 are two things GM already has. Which feeds even more the rumors of a "merger" between chrysler and GM.
But again, I do not think there is any room at GM for more deadbeat brands like Dodge and Chrysler.
The weird thing to me is the GM part. Why do they want Chrysler?
I would have though a European car maker who wants to re-enter the US market, like Renault, Fiat or Peugeot, would have been more interested.
It's just weird...
After all these years of trouble, a bailout in 1979, a disastrous acquisition by Daimler-Benz in 1998, good old Chrysler might finally be laid to rest...
All because of horrible management making stupid decisions. Over and over again.
Posted by Vince Burlapp at 11:05 PM