Edmunds.com | Inside Line | Auto Observer Your Account | Help | Directory
You are here:
![[F]](http://a332.g.akamai.net/f/332/936/12h/www.edmunds.com/media/townhall/webxicons/site.gif){kind=small}
Forums
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 can not be saved, even with the proposed government financial aid. That's what CSM Worldwide forecasters say." Government aid won't save Chysler (Straightline) |
|
I hope all of you moochey self absorbed hyper shoppers are happy. Chrysler killed themselves. Once they started selling their dealer's price info for free ads it was only a matter of time before something like this was going to happen. I am encouraged by the future though. You cheap bastards will reap what you sow. You know for this whole thing to work you people can't be so obsessed about a dealer or salesman making a 2-5% margin on a vehicle and give you some ridiculous amount of money for your trade. Its all about having enough of a margin to take care of a customer after the sale. See then you sell more cars and order more cars. Think about it? How many dealers can afford to sell an average price vehicle $25,000 and not make any money. When it comes to service you same mooches expect free loaners, concierge, lattes for your fat ass wives, and lets not forget free WiFi too. I can't wait for the future when you scumbags have no where to shop and the average Dealer will be worth billions not millions. HaHa
|
|
|
Replying to: mwl (Dec 11, 2008 3:56 pm)
|
|
|
Replying to: dtownfb (Dec 11, 2008 6:28 pm) 
|
|
|
|
|
for mwl to get a big hug. I should add that my local Toyota dealer DOES provide free loaners, lattes, and Wi-Fi for service customers - including me, with my $12,000 Echo which I bought for $1800 less than the advertised price. And they don't seem to be too stressed out about it either. mwl may just need some stress management techniques, that's all.
|
|
|
Replying to: fezo (Dec 11, 2008 7:07 pm) |
|
|
Replying to: nippononly (Dec 15, 2008 12:55 pm) So whats your point? |
|
|
"Chrysler Financial allows dealers to put money into the cash management account and pays them 2% interest. The money is then used to make payments on the loans dealers take out to buy new cars. In the letter, Mr. Gilman said more than $1.5 billion has been withdrawn from the CMA fund since July. "Continued significant levels of withdrawals from CMA could potentially force us to temporarily suspend wholesale funding," he wrote. He asked dealers not to withdraw "beyond what's absolutely necessary." Chrysler Warns Dealers About Loans to Fund Car Inventories (WSJ - may be a flaky link)
|
|
|
Replying to: steve_ (Dec 17, 2008 2:16 pm) Any bets as to whether they ever reopen?
|
|
|
|
|
Replying to: fezo (Dec 17, 2008 2:38 pm) the article I read on this used an "if" in a rather ominous spot, I thought: That means Chrysler will drop an additional two weeks of production if workers return on Jan. 19. It also said this, more ominous stuff: Nardelli told Congress the company would end 2008 with $2.5 billion cash on hand. He said the company will owe suppliers $8.0 billion in the first quarter alone. ........He said Chrysler burned through $1 billion a month in the third quarter. So the cash burn rate even at little ol' Chrysler, half the size of GM and Ford, is roughly the same as those two giants of industry. I guess the question of IF Chrysler plants will reopen in late January will be answered by what the Prez finally decides about giving the domestics some of the financial bailout money. Certainly by the time Obama takes office it will be too late to save Chrysler if nothing has been done up until then. Of course, I am still wondering if Cerberus will drop some money into Chrysler once its back is REALLY against the wall.....
|
|
You are here:
Forums
Automotive News & Views Can Chrysler Turn It Around in Bankruptcy?
New? Join Now!
Forum Tools
Search Forums
Browse by Vehicle
Browse by Board
Browse by Topic
Today's Chats
