Comments on: Chrysler Financial’s top execs step down

By: Scarface03

Scarface03 — Mon, 11 Aug 2008 17:33:45 +0000

acura_el2000:

I think it’s more the case that financing vehicles is not very profitable. Assuming that you gave a loan to someone who actually could pay it off (a big “if”, as many people probably got approved for financing when they shouldn’t have), the downturn in the economy does not help.

Especially when you consider the collateral–unless the consumer defaults close to the end of his car loan, the value of his car is likely much less than the amount of the loan. Do we ever own a more expensive thing that depreciates so rapidly?

Bottom line: people who can’t pay their car loan means money that the car company will never see again.

By: jumpoffit

jumpoffit — Mon, 11 Aug 2008 16:59:06 +0000

ice berg!! RIGHT ahead!

By: RaineMan

RaineMan — Mon, 11 Aug 2008 16:03:48 +0000

I wonder how many millions in bonuses and severance package goodies these guys took with them? That’s the story people aren’t hearing. These super execs and their idiotic business practices running the business into the ground… just so they can take a pension and retire… no skin off their backs.

By: chryslercurse

chryslercurse — Mon, 11 Aug 2008 15:21:22 +0000

WE ALL KNOW CHRYSLER IS CRASHING FAST , BUT WHY DO THEY MAKE IT SO OBVIOUS

By: Buhbye

Buhbye — Mon, 11 Aug 2008 14:04:42 +0000

‘Focus on it’s core business’ is a line stolen from Ford.

By: acura_el2000

acura_el2000 — Mon, 11 Aug 2008 07:28:08 +0000

Does anyone think this recent trend of no longer leasing from the big three is because they know something about the future economic instability?

we all know how close they are with the government

By: jayjc08

jayjc08 — Mon, 11 Aug 2008 03:39:36 +0000

“Jackson previously headed Chrysler’s U.S. sales.”

Well then, Chrysler financial maybe in more trouble!

By: Xile

Xile — Mon, 11 Aug 2008 03:02:05 +0000

Please keep this a secret from HemiRoadRunner. More Chrysler bad news might push him over the edge.

By: A4

A4 — Mon, 11 Aug 2008 02:20:12 +0000

riveting