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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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Replying to: steve_ (Mar 25, 2009 6:51 am) Did Chrysler production ever begin again after the "temporary" stoppage announced right after New Years?
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Replying to: nippononly (Mar 26, 2009 9:37 am)
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Replying to: dtownfb (Mar 30, 2009 7:59 am) |
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Replying to: fezo (Mar 30, 2009 8:45 am) |
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Replying to: dtownfb (Mar 30, 2009 7:59 am) And Fiat and Chrysler have been sketching out how they could work together for weeks now. |
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Replying to: fezo (Mar 30, 2009 8:45 am) Chrysler recasts statement on Fiat alliance March 30, 2009 - 12:31 pm ET UPDATED: 3/30/09 5:20 p.m. ET Chrysler LLC recast its own statement announcing an alliance with Fiat S.p.A., saying the potential partners have a "framework" accord. The disclosures came in back-to-back releases today after President Barack Obama gave Chrysler 30 days to come up with a plan to team with the Italian automaker and qualify for as much as $6 billion in additional U.S. aid. Chrysler originally issued a statement saying it, Fiat and majority owner Cerberus Capital Management LP had reached an agreement on an alliance. Some 30 minutes later, Chrysler issued another statement, saying it was just a "framework of an agreement." Both statements were attributed to Chrysler CEO Bob Nardelli and cited "substantial hurdles to resolve." http://www.autonews.com/apps/pbcs.dll/article?AID=/20090330/ANA02/903300274/1229- - Somehow Chrysler and Fiat are supposed to come to a deal in 30 days, but I can't imagine how that's possible, or why the Obama auto team thinks it's possible. At least they only gave them 30 days before the bankruptcy begins. And I'm glad that they had the courage to say out loud that without the Fiat deal Chrysler has no viability at all. I'm really wondering how viable they are even WITH the Fiat deal. The odd thing to me is that we haven't heard word one about them shopping the Jeep brand around, and planning to scrap the rest. Cerberus could get a lot of money back on its investment by selling Jeep, I think. And then write the rest off as a loss.
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Replying to: nippononly (Mar 30, 2009 8:33 pm) My biggest question is how will a Chrysler /Fiat merger work between April 30th and when the first Fiat cars hit the Chrysler dealerships? I understand that it will take fiat 2-3 years to get their small cars into our market. How will they survive that long?
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Replying to: dtownfb (Apr 01, 2009 5:40 pm) I can't imagine this haphazard plan coming to fruition. Fiat is going deep into the red right now if the news out of the European car industry is to be believed. |
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As I've mentioned before, the survivability issue might be resolved if, on a short-term basis, the EPA would permit European spec Fiats and Alfas, or Chrysler and Dodge badged Fiats and Alfas, to come to the U.S. Extraordinary circumstances require extraordinary measures, which, in turn, sometimes require exceptions. Of course, to be fair, GM and Ford should be allowed the same exceptions. The products already exist at Opel, Ford of Europe and Fiat Spa, but the willingness to be flexible doesn't.
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Replying to: hpmctorque (Apr 01, 2009 8:36 pm) |
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