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Can Chrysler Turn It Around in Bankruptcy?

464 messages,  Last post on Oct 02, 2009 at 2:05 PM

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#214 of 464 . by fintail Nov 13, 2008 (11:29 am)
25 years... Replies to this message: steve_ (Nov 13, 2008 12:16 pm)
#215 of 464 Re: . [fintail] by steve_ HOST Nov 13, 2008 (12:16 pm)
Replying to: fintail (Nov 13, 2008 11:29 am) 25th anniversary of the Chrysler minivan? Sweet.   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.
#216 of 464 there goes another by nippononly Nov 19, 2008 (6:36 pm)
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. Replies to this message: fezo (Nov 20, 2008 6:12 pm) nippononly (Nov 21, 2008 8:11 am) fezo (Nov 21, 2008 8:15 am) and 1 more...
#218 of 464 Re: there goes another [nippononly] by fezo Nov 20, 2008 (6:12 pm)
Replying to: nippononly (Nov 19, 2008 6:36 pm) The Chrysler dealer 20 miles from here is gone, too. The smaller one in town is still here. I don't know how they are doing but it looks pretty quiet. Replies to this message: nippononly (Nov 21, 2008 8:11 am) fezo (Nov 21, 2008 8:15 am) steve_ (Nov 21, 2008 8:21 am)
#219 of 464 Re: there goes another [fezo] by nippononly Nov 21, 2008 (8:11 am)
Replying to: fezo (Nov 20, 2008 6:12 pm) In a 30-minute radius of me, the number of Chrysler dealers has gone from about 6 to 1 in the last year to 18 months. That one seems to do a good business in used cars of all brands. They only have a very small stock of new Chryslers/Dodges (they don't sell Jeep). Indeed, after the "0 payments for 12 months" fiasco, Mitsubishi dealers got by quite well for 2 or 3 years selling mostly used cars. Maybe Chrysler dealers can do the same until Chrysler dealer network is pared down to the appropriate size. I just wonder if it will drop below that point. They DO need some dealers to distribute their vehicles if they hope to remain in business..... Replies to this message: fezo (Nov 21, 2008 8:15 am) steve_ (Nov 21, 2008 8:21 am)
#220 of 464 Re: there goes another [nippononly] by fezo Nov 21, 2008 (8:15 am)
Replying to: nippononly (Nov 21, 2008 8:11 am) I suspect that the Chrysler dealers that are staying in business are the ones who have figured out how to run on a load of used car sales. Chrysler right now offers fewer interesting models than any other make - even the Koreans are doing a better job. Replies to this message: steve_ (Nov 21, 2008 8:21 am)
#221 of 464 Re: there goes another [fezo] by steve_ HOST Nov 21, 2008 (8:21 am)
Replying to: fezo (Nov 21, 2008 8:15 am) We're keeping score over in "Dude, where did all the dealerships go??"
#222 of 464 by jspagna1 Nov 21, 2008 (10:25 am)
I think the Big 3 are on their own. No bailout money. But I also think that there is only going to be the Big 2. I think Chrysler is going to go out of business for good and the only ones who are going to survive are GM & Ford. I only say this because Chrysler is privately owned whereas GM & Ford have majority share holders. Just a prediction?
#223 of 464 now the fun really begins by steve_ HOST Nov 26, 2008 (3:45 pm)
"Relations between Chrysler's current and former owners turned ugly Wednesday when private equity firm Cerberus Capital Management LP accused Daimler AG of "intentionally and materially" misleading Cerberus before the German automaker sold Chrysler last year.   By making the allegations public, Cerberus appears to be conceding that its Chrysler investment hasn't gone well for the New York private equity firm."   Cerberus claims it was misled in deal for Chrysler. (Yahoo)

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