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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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#248 of 464 Re: Press Request [dtownfb] by KarenS HOST Dec 19, 2008 (11:03 am)
Replying to: dtownfb (Dec 19, 2008 10:13 am) This is true, however, I believe they want real names to include in the article.
#249 of 464 Re: Press Request (KarenS) by hpmctorque Dec 19, 2008 (6:30 pm)
If I were the reporter, I'd be concerned that those responding to this interview request do not represent a random sample.
#250 of 464 $4B and that's it by steve_ HOST Dec 22, 2008 (11:46 am)
"GM will bask in the holiday glow of $4 billion on Dec. 29, another $5.4 billion barely two weeks later and an additional $4 billion in February, for a total of $13.4 billion.   Chrysler gets $4 billion on Dec. 29. That's it.   Unless more funding is forthcoming, Chrysler really has no other choice but to determine the best way to go away."   It May Not Be Bankruptcy, But Chrysler Deconstruction Inevitable (AutoObserver) Replies to this message: mickeyrom (Dec 22, 2008 12:57 pm) fezo (Dec 22, 2008 1:16 pm) nippononly (Dec 23, 2008 8:49 am) dtownfb (Dec 23, 2008 9:34 am)
#251 of 464 Re: $4B and that's it [steve_] by mickeyrom Dec 22, 2008 (12:57 pm)
Replying to: steve_ (Dec 22, 2008 11:46 am) I've had so many Plymouths,Dodges,Chryslers and DeSoto's.....this is really depressing Replies to this message: fezo (Dec 22, 2008 1:16 pm)
#252 of 464 Re: $4B and that's it [mickeyrom] by fezo Dec 22, 2008 (1:16 pm)
Replying to: mickeyrom (Dec 22, 2008 12:57 pm) I know what you mean. Sadly the Chrysler we knew has been gone for a long time.
#253 of 464 Why are we trying to save Chrysler??? by dtownfb Dec 23, 2008 (8:29 am)
Cerberus to invest $2 billion in Chrysler NEW YORK (AP) - Cerberus says it will invest the first $2 billion of Chrysler Financial profits back into the financing arm's parent automaker.   Cerberus Capital Management LLC says the funding will back up the $4 billion loan Chrysler is getting from the government as part of its rescue package for the domestic auto industry.   But Cerberus says Chrysler's labor costs must be cut to the level of its foreign competitors and its debt restructured.   If that doesn't happen, it says the automaker will not be able to return to long-term viability or be able to repay its government loan.   In order to make that happen, Cerberus says it will offer equity stakes in the automaker to its unions and creditors in exchange for concessions.   It seems the best option for Chrysler may be to simply sell the company for whatever they can get for it. They need major concessions by the UAW (which won't happen) and their creditors to re-negotiate....all by the end of March.   And then there were 2......
#254 of 464 Re: $4B and that's it [steve_] by nippononly Dec 23, 2008 (8:49 am)
Replying to: steve_ (Dec 22, 2008 11:46 am) Chrysler truly is the dead man walking of the domestic auto industry. And the article talks about something that no-one at high levels seems to be willing to say out loud:   Days before the details of White House's half-hearted bailout became known, the CSM analysts spoke of the advantageous dynamics of the new "Detroit 2:" capacity utilization and flexibility will soar (thanks to, ahem, lots of shuttered Chrysler factories) as some two million or more units of vehicle-assembly capacity is removed from the manufacturing base of the now-Chryslerless domestic auto industry.   I have been thinking that for a while. Nobody is taking into account the huge beneficial effect it will have on the remaining automakers if the weakest one fails and leaves the market. Of course, that STILL won't bring Ford and GM totally out of the woods, as we have lost well over 2 million annual sales this year, but it sure is a start. Replies to this message: dtownfb (Dec 23, 2008 9:34 am)
#255 of 464 Re: $4B and that's it [nippononly] by dtownfb Dec 23, 2008 (9:34 am)
Replying to: nippononly (Dec 23, 2008 8:49 am) I think it is crystal clear now that the past several years of 16M+ new car sales was made possible through incentives, rebates, easy credit ,etc. and not by demand. We have too much capacity and the domestic automakers esp. have over produced for a host of reasons. Your post doesn't surprise at all. No one wants to talk about this because of the loss of jobs. Everyone knows it makes sense but no one wants to talk about more Americans losing their jobs.
#256 of 464 I Think... by jchan2 Dec 24, 2008 (6:59 pm)
the best future for Chrysler is to part it out- sell the 'vans and Ram to Nissan, sell Jeep to somebody, anybody, then turn out all the lights and call it quits.   It's been game over for Chrysler for a long time; Daimler basically raped Chrysler...
#257 of 464 by mickeyrom Dec 25, 2008 (5:34 am)
Why would Nissan want their mini-vans? They have their own. Replies to this message: steve_ (Dec 25, 2008 9:02 am) jchan2 (Dec 25, 2008 7:12 pm) steve_ (Dec 25, 2008 9:40 pm)

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