By on January 12, 2009

“‘The government loan was just in time,’ [Chrysler Co_president jim] Press said. ‘It’s kind of like if you were in college and you were at the last of the four years and you were kind of low on money and your parents put all that money back into the back account. ‘It’s good timing.’

“Press also joked about the federal loans when introducing other top executives at Chrysler as Sunday’s press event started.

“‘This is the guy that has the money, he’s got all the money,’ Press said in introducing Chrysler Chief Financial Officer Ron Kolka. ‘The government checks go right to Ron Kolka, so if anybody needs a loan, see Ron Kolka.'”

Hey Ron, can I borrow $1m? I’m just messing with you. No, but seriously. We could become an official supplier of Chrysler humor.

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14 Comments on “Bailout Watch 336: Have You Heard the One About the Automaker That Borrowed $7b From the Federal Government and Then Went Bankrupt?...”


  • avatar
    Bancho

    Just when I thought I couldn’t possibly dislike Chrysler any more.

  • avatar
    AKM

    Makes me cringe. Why is prostitution illegal but not this? Why?

  • avatar
    Kurt.

    I think those stripes should be vertical and should be in front of the crook!

  • avatar
    KixStart

    “We could become an official supplier of Chrysler humor.”

    Get the money up front; their usual payment practices will wreak havoc on your cash flow.

  • avatar
    bjcpdx

    %#@&# a**hole!

  • avatar
    TexN

    Am I searching for the phrase “ass hats” or “ass clowns”? I can never keep those straight……

  • avatar
    brettc

    I think the appropriate phrase is “no talent a$$ clowns”. Everything you need to know about corporations can be learned by watching Office Space.

  • avatar
    mtypex

    I see that Jim is enjoying college again, now that he quit (was forced out of?) his job at Toyota. And, like my buddies in undergrad, he’s about to stiff me by not paying me back for our trip to Taco Bell. Or, in this case, a hell of a lot of trips to Taco Bell. Run for the Border!

  • avatar

    The college analogy is flawed. Think something more almost the lines of pawning your mother’s wedding ring to get one more hit from the dope dealer.

  • avatar

    We could become an official supplier of Chrysler humor.

    Nah, you’d have to make it waaay too crappy to supply it to Chrysler.

    John

  • avatar
    Rod Panhard

    Interesting analogy. The exact thing happened to me in 1982 when the economy fell in the toilet. Except I was in my second year of college.

    So I went and got three part-time jobs.

    Perhaps that’s what Chrysler and the employees should do. Go get additional part time jobs so they can prop up their employer whom they love so much.

  • avatar
    63CorvairSpyder

    Lets see:

    1. My house value is down about 100K from 2006.

    2. My 401K is down about 100K from late 2007.

    3. My youngest just finished college, cost me over 100K not counting what he paid plus his student loans.

    Ya think Kolka could free up 300K for me? If he did…….hell, I’d promise to buy a new Dodge Ram and stimulate the economy further with some other consumer spending. And…and I don’t mean a loan, I mean a bailout(gift).

  • avatar
    Landcrusher

    I think everyone knows my line here…

  • avatar
    jerry weber

    Wall Street Journal is saying today that the Chrysler dealer network with 150 days of new chryslers (some 2008-2007’s) is not ordering new cars from the factory. Chrysler is shut down until February. The question is, will many of these chrysler plants ever re open? Will the governement paint all these excess chryslers gray or army green and agree to take them into their fleet? Because if the government that is financing Chrysler doesn’t intend to take most of the cars they produce, 150 days inventory will seem low by next summer.

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