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Automotive News & Views 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
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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Well, the San Francisco Chrysler dealer closed up shop and sent all his vehicles back to the manufacturer today. No word of explanation or advance notice, just "business closed" signs on the doors and the cars on auto haulers out in the street. The local dealer where I am in the burbs disappeared in the middle of the night about a year ago. The cars actually sat there for a few months getting dustier and dustier before they got hauled away. No matter what Chrysler has in the way of a turnaround plan, it isn't going to do them much good if all their dealers go out of business first. Seems like of all the domestics, Chrysler has historically been hardest on its dealer body.
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