Virgil
12-10-2008, 04:50 PM
This is presently at the top of the page of the Detroit News website- http://www.detnews.com/apps/pbcs.dll/article?AID=/20081210/AUTO01/812100479
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Wednesday, December 10, 2008
Analyst: Chrysler can't survive even with aid
Alisa Priddle / The Detroit News
Chrysler LLC does not have the scale to survive as a standalone automaker, with or without a government loan, CSM Worldwide forecasters said today in laying out the grim road ahead for the remaining "Detroit Two" which also would continue to diminish in importance against the growing presence of foreign automakers in North America.
It would be best for everyone involved if Chrysler were allowed to gracefully wind down and go away in a controlled, staged process, leaving a Detroit Two, said Michael Robinet, CSM vice president of global vehicle forecasts, at an Automotive Press Association event in Detroit.
Assessing General Motors Corp., Ford Motor Co. and Chrysler in terms of scale, efficiency, products consumers want to buy and the ability to make money on those products, "one of those manufacturers doesn't really have the scale, at least in most vehicle lines, that is required to survive in this market," Robinet said in singling out Chrysler.
t wasn't all Chrysler's fault, said CSM CEO Craig Cather, laying much of the blame at the feet of Daimler which owned Chrysler before Cerberus Capital Management LP bought a majority stake. Daimler handicapped Chrysler and its ability to expand internationally, Cather said.
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Wednesday, December 10, 2008
Analyst: Chrysler can't survive even with aid
Alisa Priddle / The Detroit News
Chrysler LLC does not have the scale to survive as a standalone automaker, with or without a government loan, CSM Worldwide forecasters said today in laying out the grim road ahead for the remaining "Detroit Two" which also would continue to diminish in importance against the growing presence of foreign automakers in North America.
It would be best for everyone involved if Chrysler were allowed to gracefully wind down and go away in a controlled, staged process, leaving a Detroit Two, said Michael Robinet, CSM vice president of global vehicle forecasts, at an Automotive Press Association event in Detroit.
Assessing General Motors Corp., Ford Motor Co. and Chrysler in terms of scale, efficiency, products consumers want to buy and the ability to make money on those products, "one of those manufacturers doesn't really have the scale, at least in most vehicle lines, that is required to survive in this market," Robinet said in singling out Chrysler.
t wasn't all Chrysler's fault, said CSM CEO Craig Cather, laying much of the blame at the feet of Daimler which owned Chrysler before Cerberus Capital Management LP bought a majority stake. Daimler handicapped Chrysler and its ability to expand internationally, Cather said.
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