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Jon Holdman
  • Rental Property Investor
  • Mercer Island, WA
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Chrysler to stop all production

Jon Holdman
  • Rental Property Investor
  • Mercer Island, WA
ModeratorPosted Dec 17 2008, 08:20

Chrysler says its shutting down production at the end of the week for at least a month. I wonder if they will ever restart. Makes me think of the Lady Luck in downtown Vegas that shut down, what two and half years ago for "remodelling".

In the article, they point out 20-25% of their sales loss is due to customers being unable to get financing. I'm sure that's true compared to the easy money years. I wonder what that loss is compared to more normal times. Just seems like our entire economy was addicted to easy money and the recession we're now experiencing is just the withdrawal.

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