In D.C. this week each Big Three member, Chrysler LLC, Ford Motor Company, and General Motors are all holding different bags. GM is the most shocking of the three. A company since 1908 is on the edge. Chrysler LLC needs to merge with Nissan/Renault and should get zip in the form of a bridge loan. It is a private company for gosh sake. An LLC, just like my company VTR Consulting LLC. I too am in the car business; I too have a business that has cooled down, but I am not getting a dime from Congress. Fair is fair. Ford is in the best shape having mortgaged their corporate fanny including their famous blue oval a couple of years ago. Their plan, to ask for a bridge loan that they will only tap in necessity, is a sound one.
Things will get better. NOW is the time to buy, whether it is Detroit metal or not. And I can help you with questions and I can get you a good deal if you want one. Just do as I suggest when you e-mail me. Go to www.vtrconsulting.com and click on my virtual office icon.
Happy shopping!
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