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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: 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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Replying to: steve_ (Jun 01, 2009 12:35 pm) Which part did I get wrong? In his written opinion, Judge Gonzalez said the only alternative to approving the sale was the "immediate liquidation" of the company and that he was concerned about saving the value of Chrysler as a continuing operation. "Indeed, because of the overriding concern of the U.S. and Canadian governments to protect the public interest, the terms of the Fiat Transaction present an opportunity that the marketplace alone could not offer, and that certainly exceeds the liquidation value," Gonzalez wrote in a 47-page opinion. http://www.autonews.com/article/20090601/ANA02/906019996/1057 (registration link) I heartily disagree. As of late today the lenders that got the shaft in this decision are appealing the decision, which will keep the assembly lines idle while the appeal is resolved. More power to them.
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Replying to: nippononly (Jun 01, 2009 8:51 pm) Few would doubt that Chrysler's survival will depend on fresh new products, which is exactly what Fiat will provide. Fiat will bring new designs, technology, know how and distribution to this partnership, plus scale to supplement Chrysler's.
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Replying to: hpmctorque (Jun 02, 2009 7:07 am) Heh, that's a bit of a scary analogy considering how many marriages end in divorce.  Karl's take: "Look at the breakdown. Fiat gets to direct Chrysler's product plan for the foreseeable future. Fiat gets instant access to Chrysler's U.S. dealer network. Fiat even gets to fund the experiment using several billion dollars in U.S. taxpayer money. And what is Marchionne contributing? Small car/engine technology that he already has? My goodness! Such philanthropy! And here's the kicker: If the experiment goes awry for any number of reasons (U.S. car market continues to tank, unexpected cost/labor issues arise, nobody wants a Chrysler-badged Fiat, etc.) what will Marchionne do? I'll tell you he'll do -- walk away. Think of this, what's the downside for Fiat and Marchinoone? Worst-case scenario, it blows up in his face and he flys back to Turin -- with no money spent and his home market probably glad to be free of what many see as a no-win proposition? Better still, if it works Marchionne becomes the hero who catapaulted Fiat from second-class automaker to first-tier "player" in the industry." Talk Back Tuesday: Fiat-Chrysler -- an automotive experiement we all get to pay for
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Replying to: steve_ (Jun 02, 2009 7:36 am) |
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Automotive News & Views Can Chrysler Turn It Around in Bankruptcy?
