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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
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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? |
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"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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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.
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Replying to: jchan2 (Nov 26, 2008 4:18 pm) |
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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. 
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Chrysler Needs $7 Billion -- Now (AutoObserver) You can read Chrysler's plea to the Congress here. (pfd file) |
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"Pressured by lawmakers, the heads of Chrysler and General Motors on Thursday said that they would be willing to revisit the merger talks that ended last month as part of a government-funded restructuring." At Insistence of Testy Lawmakers, GM and Chrysler Reconsider a Merger
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Replying to: steve_ (Dec 06, 2008 11:23 am) I had suggested to my friends weeks ago that combining the big three into a really BIG one would make sense.That way they could stop competing with each other and make a much more efficient and streamlined corporation.There are many ways that this could work out,just as an example: One could build the luxury types, another the Suvs and such and another the hybrids.Funny just last week there was an article in Newsweek suggesting the same thing.Am I too smart for my own good ?  (hee hee)
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Replying to: mickeyrom (Dec 06, 2008 11:39 am)  I don't see the Ford family going along with a 3 way merger since they'd have to give up lots of control, but they may increase their net worth by running to the sidelines. I could see Nissan joining in on a tie-in some way too. |
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Can you imagine what an entrenched behemoth a Nissan-Renault-Chrysler-Ford-GM Corp would be??  THAT wouldn't last long before it imploded.
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