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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: kernick (Jun 09, 2009 11:18 am) |
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Replying to: steve_ (Jun 09, 2009 12:09 pm) this is about cushioning the blow, and giving these companies a chance to survive, when it does. |
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..in Indiana Gamblers vs The United States of Chrysler. The Supreme Cort issued an opinion stating something like "Why are you bothering us with this?" and unblocked the Chrysler/Fiat deal Viva La Alfa Romeo. 
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Replying to: explorerx4 (Jun 09, 2009 2:31 pm) They were dying, not surviving during boom times. They just went from being a terminally ill patient with excellent medical care to having terminal stage 5 lung cancer with no medical care. The death was inevitable, it was only rushed by the economy. Keeping them on life support waiting for the next BOOM time will only lead to a death during that boom time.
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Replying to: bpizzuti (Jun 09, 2009 4:31 pm) Congress still has a say in this. Will they wilt under the pressure of King Barry? |
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Replying to: andres3 (Jun 09, 2009 4:44 pm) All three of the Domestics lost billions in 2007 when 17 million vehicles were sold. How will they make money when we may never see that big of a sales year again? I don't think the EPA and CARB will sit still for Fiat/Chrysler to bring their fuel efficient diesels to the USA. So what does Fiat have to offer in this flaky deal?
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Replying to: gagrice (Jun 09, 2009 5:18 pm) Nothing! Which is why I give this marriage only a few years.  Fiat does have the fuel efficient engines that Chrysle desperately needs. I don't know how quickly they cna get these vehicles over here. I also don't know who is going to buy a vehicle from Chrysler or Fiat. These are interesting times..... |
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Here's an interesting article discussing the appeal by the Indiana pension funds. The last section "Merits of the Case" is very telling. Chrysler was valued at less than $1B so the secured bondholders actually made out better with this deal. http://money.cnn.com/2009/06/09/news/economy/supreme_court_chrysler/index.htm?po- stversion=2009061004 |
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Replying to: gagrice (Jun 09, 2009 5:18 pm) There are many things that happen that make no sense to me.My company was sold in 1998 for $250,000,000.....the previous year,we grossed $500,000,000....does that make sense? I guess just don't understand business. |
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That have gone bankrupt or re-emerged were so poorly managed and ran that they are terrible examples of a business model that works. Also, Chrysler is so MUCH MORE poorly ran that it makes the BAD airlines of yesteryear look like SAINTS. |
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Automotive News & Views Can Chrysler Turn It Around in Bankruptcy?
