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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (184382)	2/17/2009 2:32:18 PM
From: John Koligman	Read Replies (3) \| Respond to of 306849

Wow, Chrysler is even taking the clocks off the walls to save on batteries... Now I'd bet Bobcor is gonna look at shorting the battery makers <ggg>... Regards, John Chrysler cuts back on clocks and more BY JEWEL GOPWANI • FREE PRESS BUSINESS WRITER • February 17, 2009 You won't see many clocks on the walls at Chrysler's headquarters in Auburn Hills. The automaker took most of them down -- to save an estimated $20,000 a year on batteries and having workers change the time twice a year for daylight saving time. It's part of the company's intensified efforts to live on a shoestring budget as it operates on $4 billion in federal loans. Chrysler, which is seeking another $3 billion in assistance, is expected to turn in its viability plan to the government today as a condition of receiving those funds. Meanwhile, Chrysler is cutting to save money. So far, it has: • Stopped plowing the top floor of five parking decks and four paved lots at its headquarters complex, for a total savings of more than $350,000 this winter. • Removed 40,000 of the 80,000 lightbulbs at its headquarters complex to save $400,000 a year. • Cut spending on Christmas decorations by at least $11,000, to $1,000 in 2008. • Turned down the temperature in hallways from 72 degrees to 68, to save $70,000 a year. • Put 32 pieces of art, appraised in 2007 at $2.3 million, up for sale. • Cut food services. Hours were trimmed at the main cafeteria. Four satellite cafeterias, sandwich kiosks and the executive dining room have been shut down.