Chrysler is facing one of the most serious financial situations in its long history, which means concessions are being made at every level. Chrysler CEO Bob Nardelli has already agreed to reduce his salary to $1, and now Chrysler dealers will be giving up some of their perks.
For the last 45+ years Chrysler has had the tradition of sending its top-performing dealers on an all-expense paid vacation, but that streak will come to an end this year as the Michigan automaker struggles to keep its doors open.
Three hundred of Chrysler’s top dealers – 100 from Chrysler, Dodge and Jeep – were set for a five day vacation in San Jose del Cabo, Mexico, but all 300 will now be spending the holiday season unpacking their suitcases.
“The decision was reached jointly between the dealer council and Chrysler’s leadership that, given the state of the market and the financial challenges facing the economy, it was prudent not to have this meeting,” Chrysler spokesman Stuart Schorr told Automotive News. “Everyone knows that they need to make concessions to help build a stronger business for all.”
Chrysler says it is committed to honoring its top dealers, but has not made a decision as to whether the trip will be reinstated next year.
12/31, 2:10 PM
posted by:
ochy38
Good
12/31, 3:00 PM
posted by:
dodgeyaussie
Pity they wasted $$$$$$$$ on that Thank You advertising. Asses.
12/31, 3:30 PM
posted by:
Arbiter
Ford did away with award trips almost two years ago, both dealer and company award trips are no longer. A very few exceptions exist where you can win travel to a company meeting, but no more trips to Monaco (Yeah, I won one years ago…..)
12/31, 3:38 PM
posted by:
yarddog82abn
No more Bang-Bang for that Baby-Boo…
12/31, 3:39 PM
posted by:
darx_ider
This stupid “Leftlanenews.com” needs some serious work!!
12/31, 8:31 PM
posted by:
Borat
OK we destroyed our economy, now we are destroying Mexico’s livelihood! How many children dependent on their mommy making honest buck with 300 North American sleazeballs!
12/31, 10:22 PM
posted by:
Commodore
Mexico/Mexicans have dragged down our economy enough..its now time for us to drag down their
12/31, 10:40 PM
posted by:
johnnycanuck
Not to worry Borat, there are more than enough Canadians who head down for a few Cerveza this time of year and believe me, we’re more than capable of helping our Mexican friends recoup any pertained loss in revenue. Actually it probably wouldn’t be that hard to compensate for a bunch of Chrysler dealers. I can’t really think of anyone likely to have a worse hangover right about now.
01/01, 12:17 PM
posted by:
wetstuff
Nardelli walked away from Home Depot with $210 MILLION .. to take this job for $1. Awwwwwwww…. (anybody care to figure how H.D. did under his rein?)
And then these tone deaf SOB’s in Detroit don’t seem to get the clue ’till some media type got wind of their trip at the last minute. Nice way to – try to – spend my tax dollars boys! I’m sure you’ll figure out a way to disguise it better .. next time.
Jeez?!
01/01, 5:12 PM
posted by:
Borat
wetstuff, nice garage.
Nardelli did not walk away he was asked to free the seat (which should shed light on his performance – in other words Home Depot lost its a$$), but his clause guaranteed him over 200 mils. I think it is the same at Chrysler. Ditto for CEO of Ford who was lured from Boeing and he did not came aboard and left a great career at Boeing out of love for Ford Mustang (he still drives his Lexus LS430). Wagoner collected 110 millions since 2008 – when he assumed CEO of GM (that is the published number).
Johnny I never questioned capabilities of Canadien touristers to satisfy needs of domestic markets in Latin speaking Americas, I was commenting on loss of income from 300 limp dicks: drunk and generous with US tax dollars.
01/02, 10:46 AM
posted by:
hummah
I’m guessing Chrysler will announce it is going out of business by May of 2009. It will take a while to slice up the remains and sell what they can, but there is no way they are going to weather this storm. There is already talk about their bailout monies being used to begin tendering sales of salvageable business units to prepare for the collapse.