by: Dirk Gibson
The inevitably has finally come to be. The first of the big three American automakers has filed for bankruptcy with Chrysler turning the trick. So, just what does this mean to the industry as a whole?
The days of the big three automakers resting on their laurels are long gone. The market has spoken and loudly. The companies have long faced an inevitable doom, but have been damaged beyond comprehension by the Great Recession. That being said, the bankruptcy filing of Chrysler is in many ways a positive development instead of a negative one.
Chrysler has correctly used the threat of bankruptcy as a means to get its debtors the negotiating table. This was partly the motivation of Chrysler, but primarily the motivation of the task force of President Obama. Creditors never thought the President would risk the political fallout of a bankruptcy filing. They were wrong and now face the prospect of their positions being greatly diminished or even wiped out entirely.
The Chrysler bankruptcy filing is also a big wakeup call for General Motors. More specifically, the bondholders of General Motors are not feeling too good today. Holding well in excess of $20 billion in GM bonds, they to have based their refusal to modify their positions on the belief President Obama would not let GM go into bankruptcy. That position, obviously, needs to be reevaluated today.
So, what is to become of Chrysler now that it has filed? The answer is an interesting one because this is a unique situation. Many companies will position themselves for bankruptcy before filing, but Chrysler has done a tremendous job. Not only has it positioned the creditors into a bad position, but it has signed an agreement with Italian giant Fiat to partner up when it comes out of the case.
Unique to Chrysler is the role the government is taking in the bankruptcy. The government will provide $8 billion in financing through the bankruptcy and upon emergence from the same. The government will also carry an ownership interest and have members sitting on the board of the company. This will essentially make Chrysler a partially government run business. This is unprecedented and nobody is particularly sure how the experiment will work out.
The Chrysler bankruptcy was inevitable. General Motors is up next. The big three are in for some major changes, and they can be looked at as changes for the better.
Friday, May 1, 2009
Custom Body Kits
by: Louie Liu
Custom body kits are designed and manufactured just for your car. They are unique single pieces that are made just for you. This makes them much more expensive. Also it is a much more involved process to get custom body kits made than to get an off the shelf body kit.
If you must have a custom body kit the first stage would be to design a body kit that is to your liking. You will probably need to do this with a custom body kits professional just as one chooses the interior of ones house in consultation with an interior designer.
Though you can choose a unique personalized design you cannot of course just let your imagination run wild. The shape should be aerodynamically sound and the body kit design should be such that it can fit easily and strongly onto your car.
But when it comes to coloring it you will be able to let your imagination run wild. You will have a wide array of graphics, motifs and coloring options to choose from. You can overlap the graphics on the body kit with the rest of your car to make the body kits graphics better integrated with your car.
Since a custom body kit has to be designed and fabricated just for you the time involved is longer than installing a factory made mass produced body kit. You should be prepared to be patient if you are opting for a custom body kit.
However do you really need to go in for custom body kits? Well unless you really must have a very unique design you can go with a mass produced body kit and just customize the graphics and colors.
This way you will have the advantages of a low cost coupled with a truly customized look. As it is, unless you want a very outlandish shape you should be able to find something close to what you want from the wide range of body kits that are now available.
Whichever option you choose, body kits will enhance the look of your car and better still they will enable you to make a personal style statement. You can know more about the latest body kits at http://www.ilovebodykits.com
Custom body kits are designed and manufactured just for your car. They are unique single pieces that are made just for you. This makes them much more expensive. Also it is a much more involved process to get custom body kits made than to get an off the shelf body kit.
If you must have a custom body kit the first stage would be to design a body kit that is to your liking. You will probably need to do this with a custom body kits professional just as one chooses the interior of ones house in consultation with an interior designer.
Though you can choose a unique personalized design you cannot of course just let your imagination run wild. The shape should be aerodynamically sound and the body kit design should be such that it can fit easily and strongly onto your car.
But when it comes to coloring it you will be able to let your imagination run wild. You will have a wide array of graphics, motifs and coloring options to choose from. You can overlap the graphics on the body kit with the rest of your car to make the body kits graphics better integrated with your car.
Since a custom body kit has to be designed and fabricated just for you the time involved is longer than installing a factory made mass produced body kit. You should be prepared to be patient if you are opting for a custom body kit.
However do you really need to go in for custom body kits? Well unless you really must have a very unique design you can go with a mass produced body kit and just customize the graphics and colors.
This way you will have the advantages of a low cost coupled with a truly customized look. As it is, unless you want a very outlandish shape you should be able to find something close to what you want from the wide range of body kits that are now available.
Whichever option you choose, body kits will enhance the look of your car and better still they will enable you to make a personal style statement. You can know more about the latest body kits at http://www.ilovebodykits.com
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