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Can Chrysler Turn It Around in Bankruptcy?

464 messages, Last post on Oct 02, 2009 at 2:05 PM
You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires
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Replying to: carolinabob (Oct 29, 2008 6:02 am) I can't see the government supporting this merger if it means eliminating 40,000 jobs which some analysts are predicting. That makes absolutely no sense to use tax dollars to support job elimination. Let the companies go bankrupt and then help the workers with that $10B. |
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Chrysler will pull plug on hybrid Aspen, Durango Chrysler LLC will stop producing its first two hybrid-electric vehicles slightly more than two months after they started arriving in dealerships. This summer, Chrysler introduced the Chrysler Aspen and Dodge Durango Hemi hybrid SUVs to great fanfare. Production began in August. But the two were doomed to a short lifespan from the beginning. They are made at Chrysler's Newark, Del., plant, originally scheduled to close at the end of 2009. But slow full-sized SUV sales pushed Chrysler to move the closing up a year. The company announced last week it will close Newark at the end of this year. Chrysler has no plans to produce the hybrid SUVs elsewhere, said spokesman Todd Goyer. They talk about producing a hybrid Dodge Ram in 2010, and promise that "more hybrids are coming", but it's all just spitting in the wind. There isn't a chance the current management team will still be running this company in two years, and there's a fair chance Dodge won't be around at all... http://www.autoweek.com/apps/pbcs.dll/article?AID=/20081029/FREE/810299993/1528/- newsletter01
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Chrysler and Hyundai?
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"Hyundai denies interest in Chrysler's assets By MarketWatch Last update: 10:31 a.m. EST Nov. 8, 2008Comments: 7 SEOUL (MarketWatch) Hyundai denied on Saturday a wire service report that it has been in talks with Cerberus Capital Management LP about buying Jeep or other assets from Chrysler LLC. A Hyundai Motor spokeswoman said the carmaker isn't considering acquiring Chrysler's Jeep brand and other assets because it is focusing on completing its overseas plant construction. 'We have little room for acquisition of an overseas company such as Chrysler,' said the spokeswoman. Citing people with knowledge of the discussions, Reuters reported Friday that Cerberus is looking to renew talks with other potential bidders like Renault SA (and Nissan Motor Co."
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Replying to: hpmctorque (Nov 08, 2008 10:36 am) Must be a done deal eh? I'm not going to be too shocked to see a headline like "Apple and Chrysler?" Toss in Ford's Sync tie-up with Microsoft and all that will be left to do is for Google to buy GM.
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Replying to: steve_ (Nov 08, 2008 10:48 am) |
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Replying to: nippononly (Oct 29, 2008 6:51 pm) I'm loving how these Hybrids are being advertised right now when they won't be available shortly. What a waste of cash! |
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Replying to: steve_ (Nov 08, 2008 10:48 am) |
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25 years...
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Replying to: fintail (Nov 13, 2008 11:29 am) A friend is visiting and is driving a rental Grand Caravan. Nice rig - has more bells and whistles on it than the one I rented a couple of months ago. |
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