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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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#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)
#224 of 464 I Think... by jchan2 Nov 26, 2008 (4:18 pm)
Cerberus didn't know what they were buying when they decided to pick up Chrysler- Cerberus thought it could buy it, touch it up a little bit here and there (drop a few models, dealerships, and assembly plants, clean it up a little) and then flip it for a profit.   I don't think Daimler should be blamed for Cerberus' lack of success with Chrysler- anybody with a decent brain should have known that Daimler was looking to dump Chrysler for a reason, and that any buyer would need to put some serious TLC into the brand before it could become profitable again.   The hedge fund quick fixes don't apply to the automotive business, and this is a classic example. Replies to this message: fezo (Nov 26, 2008 4:23 pm)
#225 of 464 Re: I Think... [jchan2] by fezo Nov 26, 2008 (4:23 pm)
Replying to: jchan2 (Nov 26, 2008 4:18 pm) Absolutely correct. Cerberus screwed up. Let them pay the price.
#226 of 464 We wouldn't be hinting just a bit... by iluvmysephia1 Nov 27, 2008 (12:53 pm)
that we think it's funny that Cerberus messed up and is going to have to eat a bunch a cash, would we? With how much so many of us seem to love Wall Street and hedge-funder's on Edmunds here.
#227 of 464 financial forecast by steve_ HOST Dec 04, 2008 (8:28 am)
Chrysler Needs $7 Billion -- Now (AutoObserver)   You can read Chrysler's plea to the Congress here. (pfd file)

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