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#53 of 92 Re: Deep Problems with Deal [steve_]
Jan 25, 2009 (2:25 pm)
1) Before considering loans to Chrysler, I would ask for proof that the parent Cerberus, is broke. I would first want to know if any money could be diverted from the companies under Cerberus. Also maybe Cerberus could sell 1 or 2 of its other businesses, and take whatever it gets to put towards Chrysler. Sort of like selling you boat and camper to keep paying for your house.
2) There are simply too many auto manufacturers with too many plants in the world. Why shouldn't the natural process of letting the weakest fail be allowed? To me subsidizing unneeded or inefficient companies only makes the economy worse, by not allowing resources to go to the healthy companies.
Jan 25, 2009 (8:03 pm)
the Fiat and PSA Companies want the inroads in to showrooms, plants and lot space in America. A shot to sell their fuel-efficient, small, foreign-built cars in the U.S. Why not, Toyota, Nissan, Mitsubishi, Mazda, etc. are doing it!
Besides, some of their engineers might actually think their cars are better than the Japanese cars. Or some of the Japanese cars, ones that, before this big one hit, actually appealed to and were bought by Americans.
They see the dice rolling, stopping and showing the right numbers facing up. What do they have to lose, eh?
#55 of 92 Re: It's simple... [iluvmysephia1]
Jan 26, 2009 (6:24 am)
What do they have to lose, eh?
Nothing since they didn't put any money down! Why should we taxpayers who are now part owners of Chrysler and Chrysler financial agree to that? Why do you want the owners of Cerberus?
Look here's what should happen with Chrysler. Cerberus should announce it's for sale, and say all bids are to be in by Feb 28, and they will take the top bid. The Chrysler situation is as simple as that. It doesn't need U.S. taxpayer $ with a private owner, and an Italian partner.
Cerberus needs to pay back the U.S. Then if they don't want Chrysler they sell it, and accept the fact they made a big, lousy investment. I am not into playing Cerberus's game to somehow make others pay for for their bad investment.
If Fiat, or Porsche, or GE, or Catepillar want Chrysler then let them buy it and deal with it.
Jan 26, 2009 (2:34 pm)
4 Chryslers, under Fiat's new plan:
Chrysler LLC and Fiat S.p.A. will bring seven new vehicles to North America under their alliance--four with Chrysler brands and three as Fiats or Alfa Romeos.
The vehicles will be built at Chrysler plants in North America and sold through select Chrysler, Dodge and Jeep dealerships, according to sources who have seen the product-sharing agreement.
The plan includes vehicles on four Fiat platforms--in the microcar, or A, through the mid-sized, or D, segments. The two companies have not decided on timing or volumes. Teams at both companies are hammering out details of a plan they hope to make final by April 30.
The two companies said last week that Fiat would take a 35 percent stake in Chrysler. Under terms of their tentative agreement, Chrysler will make the Fiat 500 at Chrysler's Toluca, Mexico, plant for sale in North America, according to sources familiar with the plans.
Jan 30, 2009 (8:23 am)
that black Fiat 500 new-gen blows away anything Toyota has ever made in small rigs. No kidding. Toyota just does not know how to meld a nice or appealing, or cute, if you will, car body.
That's why I am following this proposed merger of Chryslerberus/Fiat, melding point, takeover, whatever it might be, with much interest. Gonna be really tough to wrest my '08 Mitsubishi Lancer GTS away from me, but, and it's a big butt, I would much rather observe on the streets rigs like the one above, than Hummers, Chrysler 300's, Chevy Malibu's, Ford F-150 pick-em-up trucks, etc.
Gag me with a roughly-hewn spoon!
#59 of 92 Re: Whoo-eey boys... [iluvmysephia1]
Jan 30, 2009 (9:08 am)
that black Fiat 500 new-gen blows away anything Toyota has ever made in small rigs.
Don't it ever?!
Although I am somewhat partial to the current Yaris hatch. NOT the sedan however.
I would love this merger idea if it would mean we would have the 500 and Abarth available to us by this time next year in Chrysler dealerships, with a 3-year warranty. Sadly, the chances of that are exactly nil.
Jan 30, 2009 (9:55 am)
are saying that the financials of this deal are not gonna work out, for Fiat or Chryslerberus? Or Chrysler is going down the toilet so fast that Fiat execs will nix the idea on a cold, sober Monday morning very soon here?
#61 of 92 Re: nippon... [iluvmysephia1]
Jan 30, 2009 (10:16 am)
Oh iluv, there are so many reasons this deal could end up in the toilet, it has no chance of succeeding.
My odds are on Congress calling in the Chrysler loan on April 1 due to Chrysler's failure to sufficiently reorganize in order to meet the conditions of the loan. At which point a prepackaged bankruptcy would HAVE to occur, after which Fiat would have no further interest, if it were even allowed by the government to continue the deal.
Now that particular route to the deal's demise DOES depend on the good sense of Congress, which of course is FAR from something you can count on. But it is only one potential path to demise of many....
Jan 30, 2009 (8:16 pm)
isn't Obama a pro-union, pro-UAW kind of a guy, who will tirelessly bend over backwards to save the maker of his beloved 300? Oh, say he will, nippon!
I can see Congress giving Chrysler(and sadly, GM too)every exception in the book under this Adminstration till the Fat Lady sings. I really can. They could just demand an easy to reach goal, one they can nearly count on Chrysler reaching, for a 2009 benchmark.
Sort of a Socialist's creed of acceptance. As long as the most Americans keep working. Oh, this is a huge order for the Guv-Mint to fill, indeed.