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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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Bankruptcy will delay Chrysler's 2010 model launches, exec says By DAVID BARKHOLZ "A picture of The Chrysler Town & Country minivan--and all 2010 models will be delayed because of the automaker's Chapter 11 filing. ChryslerChrysler LLC will be late getting its 2010 vehicles to market because of the automaker's Chapter 11 bankruptcy filing, Chrysler manufacturing chief Frank Ewasyshyn testified today. The current shutdown of plants and stresses on suppliers also threaten to delay the 2011 models next year, Ewasyshyn said. The changeover to 2010 models is delayed while Chrysler tries to emerge from bankruptcy within the next 30 to 60 days, he said. Once Chrysler returns to production, planned as an alliance with Fiat S.p.A., the new company will have to finish assembling the many vehicles, engines and parts now partially built in Chrysler factories, Ewasyshyn said. That and readying for the new models will delay 2010 launches. Those typically take place shortly after a July shutdown to change tooling for the new vehicles. Ewasyshyn said the smooth launch of 2011 models also is jeopardized. Some suppliers are balking at sending the tooling and parts that need to be validated now in order to build the 2011 models. He was testifying in support of the bankruptcy court allowing Chrysler to pay suppliers for the nearly $1.71 billion that Chrysler owes them for parts already shipped."
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Replying to: hpmctorque (May 05, 2009 2:02 am)
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Replying to: reality2 (May 05, 2009 2:39 pm) Chrysler was managed by Daimler who had one motive, build the vehicles as cheap as possible and charge as much as the public will pay. Under Daimler such vehicles as the Jeep Compass for example were created as cheaply as safety would permit. Even with cheap materials and poor fuel mileage Daimler really expected the American buying public to flock to the dealers. Daimler scraped every dime they could get out of Chrysler and then dumped it. Chrysler has a majority of low fuel mileage vehicles. For instance the Dodge Neon got an honest 30 + mpg. The vehicle Daimler replaced it with the Caliber is bulky, over weight, and quality of materials and fit and finish are one of the lowest in the automotive industry. The Caliber gets no more than 27 + or - mpg. Daimler went backwards in every area. What is confusing is how a 2007 Chrysler Pacifica Touring AWD with the new 4. L engine and 6 speed auto can get 24 to 26 mpg and a Jeep Compass only 22 mpg. Daimler did produce a top quality safe vehicle in the Pacifica. But why didn't Daimler carry this quality over into other Chrysler vehicles? I hace owned 17 Chrysler made vehicles (Plymouth, Dodge, and Chrysler) for a good long time. I have had good luck and I have been pleased except for a Jeep Liberty diesel and the Jeep Compass. Does Chrysler stand a chance? I hope so. Will Fiat be the means to keep Chrysler alive? I have some real doubts, Fiat has made some real unhappy owners in the past with low quality vehicles imported to the US some decades ago. Unless the quality and needs of the public are top on the list Chrysler may well go into history as AMC and Studabaker did. I surely hope not. farout |
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Chrysler offers up to $6,000 in incentives on some cars If consumers can overcome the connotations that ride shotgun with buying a new car from an automaker in bankruptcy, there are some deals to be had on Chrysler vehicles. The company said Wednesday that it will offer up to $6,000 in incentives on some of its new cars in May in the wake of a 48 percent sales drop in April. The incentives run through June 1. Starting Wednesday, buyers can get $4,000 in consumer cash on most 2009 models, $1,000 owner loyalty for current Chrysler owners on most ’08 and ’09 models and another $1,000 in credit-union bonus cash for those who finance through certain credit unions. http://www.autoweek.com/article/20090506/CARNEWS/905069973 If you still want that Hemi, now's the time to buy! Once Marchionne is the CEO, who KNOWS what will be going on!
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Replying to: nippononly (May 07, 2009 7:22 am) |
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Replying to: nippononly (May 07, 2009 7:22 am) farout
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Replying to: farout (May 16, 2009 4:06 pm) To push sales of the "Smart", Daimler recently paid for a TV commercial where you see two black sheep lying in a field and busy eating grass. The comment said: Only those of you who behave/are like Chinese sheep with thick wool cannot be interested by the SMART car. I've seen stupid things, like the Chrysler - Jeep commercials we were served for many years in the EU, but now is time to send "the nice young men in their clean white coats" to take Daimler away During the past 40 years, Chrysler lived several lives in the EU; people bought Chrysler because they have always kept a good reputation, service and quality was present. Daimler will not be assimilated to quality by those who have "emancipated their reason". Here is Daimler's advertisement for the Smart car: http://www.youtube.com/watch?v=yvYGdZ5pHxQ The narrator says 'those who chew gum to look intelligent like cowboys...' I wonder why they are allowed to say such things because there are many North-Americans who live here and I'm one of them. In the form of language and context this is said, only NA cowboys are targeted and presented as being ridiculous |
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"Chrysler is moving through bankruptcy more smoothly than some expected. A top Chrysler executive says a healthier version of the company could come through court as early as next month. Chrysler Vice Chairman Jim Press says a new Chrysler company could emerge from bankruptcy very soon. "It appears that we may be running ahead of schedule," he says. "The current plan is nine weeks, but I'm hopeful that that's going to be many weeks earlier." Bankruptcy Proceedings Moving Quickly For Chrysler (NPR) |
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Report: Chrysler Lemon Law Claim Checks Are Bouncing (Straightline) |
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"Analysts are saying the approval could pull Chrysler out of bankruptcy in a matter of days, and the Wall Street Journal said on Monday that the company could get out of Chapter 11 as soon as today." Chrysler Gets OK for Sale to Fiat (Inside Line) linAnother Historic Event: Chrysler Begins Emerging From Bankruptcy (AutoObserver)
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