You are here: Forums Automotive News & Views Can Chrysler Turn It Around in Bankruptcy?

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

What is this discussion about? Chrysler

Messages Page 27 of 48 1 ... 24 25 26 27 28 29 30 ... 48 Prev Next Last

Go To Msg # Search This Discussion

#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)
#258 of 464 "Turnaround is Achievable..." by hpmctorque Dec 25, 2008 (7:14 am)
So said Chrysler CEO Nardelli. The tip-off will come if and when Chrysler plants reopen. I hope they do, and that Chrysler claws its way back to viability again. It would be nice if all three domestic companies survive and, eventually, thrive again. The odds are long, but one can hope.
#259 of 464 Re: [mickeyrom] by steve_ HOST Dec 25, 2008 (9:02 am)
Replying to: mickeyrom (Dec 25, 2008 5:34 am) I've heard that Nissan is going to quit building the Quest minivan (along with Armadas and QX56s). The Canton MS factory is switching over to commercial truck production. link   I could see VW bidding for the Caravans. Unless they decide to redo the Routan in-house after seeing how Chrysler has been building them.   GMAC, 51% owned by Cerberus, is now a bank holding company meaning that they can get TARP money to use for financing car loans and leases. That's going to help GM too. (BNET) Replies to this message: jchan2 (Dec 25, 2008 7:12 pm) steve_ (Dec 25, 2008 9:40 pm)
#260 of 464 Re: [steve_] by jchan2 Dec 25, 2008 (7:12 pm)
Replying to: steve_ (Dec 25, 2008 9:02 am) Well, given that Nissan hasn't really been putting much work into the Quest (only a light refresh since its introduction in 2004...) being able to buy the designs off of Chrysler and then reworking it to suit themselves might be a cost-effective way to stick around in the minivan business.    The Quest logs so little in sales, and its resale is far worse than most other Nissans, that it might simply be worth dumping anyways, though.... Nissan hasn't had much luck with minivans.   The Routan is a curious case; I don't see why VW would want to get into a market that is declining every single year due to 7/8 passenger crossovers becoming better and better. Why not just develop their own crossover, or engineer the next Touareg to seat 7? Replies to this message: steve_ (Dec 25, 2008 9:40 pm)
#261 of 464 Re: [jchan2] by steve_ HOST Dec 25, 2008 (9:40 pm)
Replying to: jchan2 (Dec 25, 2008 7:12 pm) The Quest has been around since '92 or so, but back until ~'04 it was built by Ford in Ohio for Nissan alongside the Villager. My '99's drive train was shipped over from Japan I think.   I could see Nissan bringing over a version of the Renault Espace vans instead of chasing after the Caravan, but having the factory and tooling set up would be an advantage. And the Caravan brand is still worth something.   The Routan is curious. Lots of minivan fans like me were disappointed that VW didn't do the Microbus concept that they floated a few years back.   hmm, just thought of something. If Chrysler goes dark, maybe I could pick up a Grand Caravan for dirt cheap and take it to the VW dealer for service if a local mechanic got stuck on a problem. Might be worth taking a flyer on. Too bad they quit making the short wheel base one a while back.

Messages Page 27 of 48 1 ... 24 25 26 27 28 29 30 ... 48 Prev Next Last

Go To Msg # Search This Discussion

You are here: Forums Automotive News & Views Can Chrysler Turn It Around in Bankruptcy?