and the teanutters wanted Chrysler to go bankrupt

[Pepsi]

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Chrysler to Invest $600 Million in Illinois Plant

DETROIT—Chrysler Group LLC will spend $600 million to upgrade production at its Illinois assembly plant, bringing the auto maker's total announced U.S. investment to $2.1 billion since its exit from bankruptcy court last year.

The company will use the funds to build a body shop and install new machines at the Belvidere assembly plant to support the production of future models in 2012. The plant is home to the Jeep ..

http://online.wsj.com/article/SB10001424052702303362404575580123418338684.html?mod=googlenews_wsj

[SpaceCadet]

Yeah, and then there's this:

http://gas2.org/2010/07/27/where-did-all-the-chrysler-evs-go/

"Enter 2010. ENVI is dead, all of Chrysler’s hybrids have been swept under the rug, and their plans for electric vehicles canceled. Bailout money well spent?"

I was hoping to purchase one of these late this year, and it took me a while to figure out where they were.

    

[Yukon]

The TEA Baggers worship Gelnn Beck and Bill O'Rielly. They are stupid middle-aged, racist loosers.

[SpaceCadet]

The TEA Baggers worship Gelnn Beck and Bill O'Rielly. They are stupid middle-aged, racist loosers.

Ha!  You're one to talk about someone else being a racist.  And while this may be true, simple name calling really doesn't add anything to the discussion.  How about showing us how or why they are these things?  Would that require too much effort?

[johnhp]

Chrysler to Invest $600 Million in Illinois Plant

DETROIT—Chrysler Group LLC will spend $600 million to upgrade production at its Illinois assembly plant, bringing the auto maker's total announced U.S. investment to $2.1 billion since its exit from bankruptcy court last year.

The company will use the funds to build a body shop and install new machines at the Belvidere assembly plant to support the production of future models in 2012. The plant is home to the Jeep ..

But that would mean the loans worked.

[SpaceCadet]

But that would mean the loans worked.

The loans worked, to keep this company in operation for at least a while longer.  But was that the best strategy?  Someone said earlier that they thought that these loans came with the requirement to develop green vehicles.  Well, apparently not in the case of Chrysler.  Besides that, a foreign company ended up buying it.  And as America was transitioning to automobiles, how many times should the governemnt have bailed out the companies that made horse-drawn carriages?

[IM2]

SC,

The only problem with what you posted is that green autos are still autos, so we are not making any major technological shift like we did when horse drawn wagons were being replaced by cars.

[SpaceCadet]

SC,

The only problem with what you posted is that green autos are still autos, so we are not making any major technological shift like we did when horse drawn wagons were being replaced by cars.

Electric autos ARE a major technological shift, and one we need to make.  But we're not going to as long as we have the same old companies doing things the same old way, and the government supporting them in doing so. 

As you can see from the article I posted, they were really going down that path, and then scrapped it, once they got their bailout.

[IM2]

Electrical autos were on the table in the 1970's SC. Auto companies have been dragging their feet on this for quite a while. But that does not mean we should have let our economy die just to start building electric cars.

[johnhp]

The loans worked, to keep this company in operation for at least a while longer.  But was that the best strategy?  Someone said earlier that they thought that these loans came with the requirement to develop green vehicles.  Well, apparently not in the case of Chrysler.  Besides that, a foreign company ended up buying it.  And as America was transitioning to automobiles, how many times should the governemnt have bailed out the companies that made horse-drawn carriages?

i do not disagree at all.  i think planning for a green economy and using the recovery to do it would have been a batter idea.

i was at a parking garage in Chicago today.  They are now installing the infrastructure for the coming electrics.

[flyboy]

Re: and the teanutters wanted Chrysler to go bankrupt

Exactly what I was thinking.  What a success story and thank the almighty it worked.
But not only the Tnutters - it was a55holes like that southern wank - I forget his name Shelby or somesuch-
maybe from Alabama - who wanted Detroit to go under.  his state was already dotted
with Toyota plants.  The whole republican party with its warped 'free-market' nonsense
wanted Detroit to die. 

[Yukon]

Ha!  You're one to talk about someone else being a racist.  And while this may be true, simple name calling really doesn't add anything to the discussion.  How about showing us how or why they are these things?  Would that require too much effort?

[Racist crap.]