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Chrysler might be auctioned off

Old 02-19-2007, 03:45 PM
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Default 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
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Old 02-19-2007, 04:14 PM
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Default RE: Chrysler might be auctioned off

Interesting that nothing about Toyota was mentioned.
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Old 02-19-2007, 05:49 PM
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Default 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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Old 02-24-2007, 09:38 AM
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Default 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.
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Old 02-24-2007, 01:23 PM
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Default 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.
That would be called the Caliber. The Caliber/Compass/Patriot as well as the Sebring/Avenger are all going to be on the same platform.

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.
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Old 02-25-2007, 07:05 AM
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Default RE: Chrysler might be auctioned off

I was wondering y this thread is listed under Off Topic ?
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Old 02-25-2007, 03:05 PM
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Default 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.
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Old 02-25-2007, 05:40 PM
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Default 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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Old 02-25-2007, 06:13 PM
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Default 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.
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Old 02-25-2007, 09:27 PM
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Default 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.
Thanks man, keep up the good work.
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