Dec 18
Starting Saturday and through Jan 19 or later:
Tighter credit markets are keeping would-be buyers away from their showrooms, Chrysler says. Dealers are unable to close sales for buyers due to a lack of financing, and estimate that 20 to 25 percent of their volume has been lost due to the credit situation.
When I read this I thought, well good – that is the kind of thinking that they need to survive.
Then I read this:
On the bright side, Chrysler plant workers will have a really, really long Christmas break at 95% pay, which can’t be too horrible.
Sigh…
December 18th, 2008 at 7:09 pm
I’d like a month off at 95 % pay. Although with the OT I work it would be a bigger hit than that. I heard about this and wondered why the UAW wasn’t screaming- now I know.
December 19th, 2008 at 10:00 am
I don’t know why we would send bailout money to basically sponsor time off.
December 19th, 2008 at 10:23 am
[...] will loan 13.4 billion of Ken’s money to companies that largest work force component doesn’t work: Bush said in normal economic circumstances he would not intervene to save the automakers but [...]