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Chrysler might be auctioned off
DCX never fails to amaze me how backstabbing they are to those who helped them out through the hard times and how after decisions that were their fault are taken out on the victims of their poor management. I just hope whoever gets them, if they are auctioned off appreciates their technology.
Report: Chrysler May Be Auctioned Off Monday , February 19, 2007 (Fox News) JPMorgan (JPM), the US investment bank advising on the future of Chrysler, will formally kick off a £7 billion (roughly $13 billion) auction by sending information memorandums to a number of potential suitors as early as this week, The Times has learned. The bank is to release data that include private information on Chrysler, such as figures on its current trading. It is also understood that a number of interested bidders started basic due diligence on Chrysler weeks before DaimlerChrysler (DCX), its parent company, said that all options for its US car firm were being considered. General Motors (GM) is already in preliminary talks with DaimlerChrysler about an acquisition of all or part of Chrysler but is particularly interested in its Jeep and Dodge marques. It is also thought that Hyundai, the Korean car manufacturer, is interested in joining potential bidders. Hyundai is said to be interested in securing access to Chrysler’s lucrative dealer network. A DaimlerChrysler spokesman would only reiterate chairman Dieter Zetsche’s comments last week that nothing was being excluded in an attempt to find “the best solution” for Chrysler. Dr. Zetsche is cutting 13,000 jobs in America, along with 15 percent of the dealerships in an effort to revive the US giant. A takeover by Hyundai, which makes cars under its own brand and controls Kia, would be a major achievement for American business and for the struggling Motown. Chrysler has recently broken ground by opening two factories in Europe and North America and hopes to become one of the world’s five biggest car manufacturers. It currently sits in seventh place. Hyundai already has a link with Chrysler through a three-way engine alliance with Mitsubishi and a deal would be in line with the ambitions of the chairman, Chung Mong-Koo. China’s two carmaking powerhouses, Chery and SAIC, are also thought to be eyeing developments. SAIC failed in an attempt to buy MG Rover two years ago. Banking sources close to events said last night that talks between DaimlerChrysler and potential bidders for Chrysler were at an early stage. http://www.foxnews.com/story/0,2933,252739,00.html |
RE: Chrysler might be auctioned off
Interesting that nothing about Toyota was mentioned.
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RE: Chrysler might be auctioned off
Jeremiah, with all due respect I haven't heard anything about Toyota bidding on Chrysler besides the one that you mentioned. I don't think Toyota sees a purpose in purchasing Chrysler, I mean what does Chrysler have that Toyota doesn't have yet (besides having better engines like the HEMI that they have no interest in since they specialize in multi-valve OHC and a better 6-speed).
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RE: Chrysler might be auctioned off
Toyota needs Chry. like it needs another hole in the head.
I swear Chry has been on the verge of going down the toliet more times than I can remember. It seems inevitable it will happen one day. I shudder to think that some new K-Car will come in to save the day like in the 80's. |
RE: Chrysler might be auctioned off
ORIGINAL: Erik M3 Toyota needs Chry. like it needs another hole in the head. I swear Chry has been on the verge of going down the toliet more times than I can remember. It seems inevitable it will happen one day. I shudder to think that some new K-Car will come in to save the day like in the 80's. I don't think Chrysler is in as bad shape as everyone thinks they are. They just need to work on there product offerings and become as MB free as possible starting with losing the pointless W5A580 transmission. |
RE: Chrysler might be auctioned off
I was wondering y this thread is listed under Off Topic ?
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RE: Chrysler might be auctioned off
The article only talks about Chrysler does not say one word about the new Challenger.....see below:
Challenger in the Press! This section is only for articles pertaining to, or containing information about the upcoming 2008 Dodge Challenger. I hope that answers your question. |
RE: Chrysler might be auctioned off
OK, but if u find an article that they are going to build a 'cuda Convertible in 2009 please don't bury it under Off Topic also lol, thanks.
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RE: Chrysler might be auctioned off
The brother of a Challenger is certainly not off topic material.
Don't worry, it will be posted for all to see. |
RE: Chrysler might be auctioned off
ORIGINAL: Jeremiah 29:11 The brother of a Challenger is certainly not off topic material. Don't worry, it will be posted for all to see. |
RE: Chrysler might be auctioned off
pardon my laziness if it has been touched on, but i have heard about toyota being interested.
i dont know of the source, but i read an article about it...you should all know by now that i dont make up rumors to spread...:D the article that i read about it was discussing about how GM only wants chrysler because they dont want toyota to get it. the concern is that should toyota, or some other import company, buy chrysler, they will instantly have full scale opposition against GM and FMC, across the US. it should be obvious to everyone who watches television that toyota is trying to jam themselves deep into the US market...they have already snuck past our guard of rednecks, and they have vehicles in every type of nascar racing, as well as the NHRA...tons of new commercials and such, combined with the fact that they build decent cars...compared to the relatively poor quality of the US cars, especially GM. If a japanese company gains acccess to one of the big three, they will sweep quickly through the country, and they will gradually absorb the new company. should it be chrysCo, we will have normal dealerships for now, but over time, they will begin making money the way that the do now...by not having things made here...over time, everything will be outsourced away from the high-cost labor unions and mgmt teams that are pulling the big three into the crapper now. i love seeing people who are big 3 mgmt sweat about sales rumors, as their extremely high pay, thus the high pay of unskilled union workers below them, is passed to the consumer, which is why the price of cars are so high for such crappy cars. if it wasnt for the greedy execs making millions, and the unskilled union labors making 30 bucks an hour, cars would be cheap like they the imports. there is a reason that "buying american" is so expensive...its because we try so hard to make our unskilled laborers live the good life...as opposed to other countries, where people whose skills are worth nothing get paid nothing. its only a matter of time before the big 3: 1. are gone 2. are owned by foreign companies 3. wises up and stops paying people 6 figure salaries to mop the floors of the factories, thus lowering the cost of the end product. they lose money because they pay people WAY too much to do WAY too little...GM may buy chrysler, but its only a matter of time before they too are auctioned off...this country is going down the drain right behind the auto industry, because every retard who holds a crap job in this country expects to make a million dollars a year, and labor unions support their cause. |
RE: Chrysler might be auctioned off
I haven't heard much about Toyota having interest in Chrysler. When it was discussed before, I was not in favor of the idea. I agree that if they would do it, they would do it to posture themselves as American and they would probably get rid of Chrysler's heritage. I also think that due to Toyota's increase in quality issues will hurt Chrysler.
I agree that part of the problem is that both the unskilled labor union workers are overpaid as are the many of the executives. When the company is losing money, all should have a pay cut. The other half is their marketing but you have heard that from me at least one hundred times on this forum alone, let alone DF so I'm not going to get into that. The thing that amazes me also is where they build factories. Why do they insist on building them in the heavy union areas? Why not take a page from the Japanese and build in the non-union areas of the country, instead of either outsourcing when they get fed up with the unions. |
RE: Chrysler might be auctioned off
unions are big business, and big business runs this country...ask 'tucker"...we have allowed these groups of bullies, which go by the term "labor unions" to run far too much in this country. a factory from the big 3 has to be union, as they have contracts with the unions. trying to open one in the US without hiring union laborers would be a breech of contract...im sure. so its not a matter of the area, but of the company. companies tried getting around paying ridiculous union wage back in the day, and scumbags like jimmy hoffa put a halt to the trucking industry...
its a catch 22 for the auto industry, really...they are stuck with a majority workforce who knows that they are protected under the union, so they do as little as possible, with the lease amount of effort, and they are safe from losing their jobs. so the industry has two options.. 1. continue paying ridiculous wages and pass that cost onto us 2. refuse to deal with unions, and then struggle to get anything done at all. the problem is that every union supports each other...if you dont hire union labor, suppliers that are union run wont supply you with materials, even if you can find laborers. labor unions were created a long time ago to prevent people from unfair conditions in the work place, and to prevent against unfair wages, but now there are so many laws and govt policies against unfair wages, the union is ONLY there to shield lazy workers. i knew a kid who got a job with a steamfitters union...he had recently been given a newer nissan pickup as a gradtuation gift..it wasnt brand new, but it was a nice truck...he didnt actually get it for free, as much as he took over the payments, which werent much. once the union hired him, he had like 30 days to sell it, as he wasnt allowed to bring a truck built by non-union labor to a union job site. so he started getting a ride from someone else...not good enough...they made him sell it, if he wanted a job. after that, they would bitch if he wore clothes that werent made in the US...its all ridiculous. its a racket..no different than the mafia or street gangs...except these extorionists are backed by the govt. |
RE: Chrysler might be auctioned off
I agree, we see so much on TV as well that everyone expects to live like a movie star instead of having to work for what they get.
ORIGINAL: 1 Bad Mirada pardon my laziness if it has been touched on, but i have heard about toyota being interested. i dont know of the source, but i read an article about it...you should all know by now that i dont make up rumors to spread...:D the article that i read about it was discussing about how GM only wants chrysler because they dont want toyota to get it. the concern is that should toyota, or some other import company, buy chrysler, they will instantly have full scale opposition against GM and FMC, across the US. it should be obvious to everyone who watches television that toyota is trying to jam themselves deep into the US market...they have already snuck past our guard of rednecks, and they have vehicles in every type of nascar racing, as well as the NHRA...tons of new commercials and such, combined with the fact that they build decent cars...compared to the relatively poor quality of the US cars, especially GM. If a japanese company gains acccess to one of the big three, they will sweep quickly through the country, and they will gradually absorb the new company. should it be chrysCo, we will have normal dealerships for now, but over time, they will begin making money the way that the do now...by not having things made here...over time, everything will be outsourced away from the high-cost labor unions and mgmt teams that are pulling the big three into the crapper now. i love seeing people who are big 3 mgmt sweat about sales rumors, as their extremely high pay, thus the high pay of unskilled union workers below them, is passed to the consumer, which is why the price of cars are so high for such crappy cars. if it wasnt for the greedy execs making millions, and the unskilled union labors making 30 bucks an hour, cars would be cheap like they the imports. there is a reason that "buying american" is so expensive...its because we try so hard to make our unskilled laborers live the good life...as opposed to other countries, where people whose skills are worth nothing get paid nothing. its only a matter of time before the big 3: 1. are gone 2. are owned by foreign companies 3. wises up and stops paying people 6 figure salaries to mop the floors of the factories, thus lowering the cost of the end product. they lose money because they pay people WAY too much to do WAY too little...GM may buy chrysler, but its only a matter of time before they too are auctioned off...this country is going down the drain right behind the auto industry, because every retard who holds a crap job in this country expects to make a million dollars a year, and labor unions support their cause. |
RE: Chrysler might be auctioned off
As I have expressed in the past, I don't like unions either. The unions killed the factories and coal mines in my hometown and many of them have connections to the old families, which just gives them even more power over the town. They hated me because my family has no ties to unions and they are cruel to non-union small building companies. They are protesting like crazy because the new Holiday Inn in our town is being built by non-union employees. My brother was very ticked when he had to deal with them.
The thing that really says how evil some of these unions are, is the fact that some unions have mafia ties. That says alot about them. About the Nissan truck situation, I know what you are talking about. My uncle who used to work at Ford said that they wouldn't allow their workers to have vehicles built by non-union workers. |
RE: Chrysler might be auctioned off
Ditto......I am all for getting rid of our unions.......this country cannot survive a global economy with unions. Look at what happend to our steel industry.
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RE: Chrysler might be auctioned off
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RE: Chrysler might be auctioned off
That pretty much gets rid of any fears of Toyota taking over. The only auto manufacture who seems interested is GM. I'm routing for Magna. How about you guys?
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RE: Chrysler might be auctioned off
LOL, I knew that I better post a link to back this up 'cause otherwise youse guys would think I was posting while drunk again if I just threw a curve ball and said Chrysler was going to get involved with a Chinese Auto Maker.
http://www.foxnews.com/wires/2007Feb...rysler,00.html |
RE: Chrysler might be auctioned off
Actually that was for a deal to make the new Chery Hornet (excuse me Dodge Hornet). It isn't a buy out or merger.
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RE: Chrysler might be auctioned off
ORIGINAL: RLSH700 Actually that was for a deal to make the new Chery Hornet (excuse me Dodge Hornet). It isn't a buy out or merger. |
RE: Chrysler might be auctioned off
This comment about the Hornet got me looking for pics out there, and I came across this page:
http://oldcarandtruckpictures.com/Am...nMotors-b.html I saw several cars there that my family had when I was growing up. My dad worked for an AMC dealership when I was little, and I know we had that 1973 AMC Matador Station Wagon. I remember that white car, with the side wood-looking section looking exactly like that. We were rear-ended in that car, with me standing behind the front seat, leaning in the middle. I remember watching the cookies fly out of the container I was holding in my hands, right into the passenger floor at my brother's feet. What a strange thing to remember. My father had an AMC AMX, which I have a pic of that I have to scan and upload to find out which one it was. It may have been the 1969 AMC AMX 390 on that page, because the pic I have looks a lot like that one (dark orange with stripes). Mom had to drive a PoS Hornet for a while, and I know we had at least one Gremlin. Ah, those were the days... I didn't think Chrysler bought AMC until late 70s? Am I mis-remembering? |
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