Chrysler

Max2147 · 04-29-09, 10:22 PM

Some rumblings out there say that Chrysler will declare Chapter 11 bankruptcy tomorrow: http://www.autoblog.com/2009/04/29/r...ptcy-tomorrow/

It's hard to figure out exactly what will happen, but it sounds like Fiat will come in and take a major stake in Chrysler. Some sources say that Fiat's CEO Sergio Marchionne (who Obama has publicly praised) will become the boss at Chrysler.

This might end up being a good thing. Chrysler needs a miracle right now, but if anybody can do it it's Marchionne. He turned Fiat around in a couple years when nobody thought it was possible. If Luca Montezemolo (Fiat's chairman) is involved it'll be even better - everything that guy touches turns to gold.

At the same time, there's just something strange about bringing in Italians for their management expertise.

GoldenRivet · 04-29-09, 10:31 PM

just wait until a lot of the major American corporations are owned internationally.

like i said.

America is for sale: one piece at a time

FIREWALL · 04-29-09, 10:40 PM

Maybe a Ferrari in Chrysler's future ?

I can see it now. A low budget Ferrari.

GoldenRivet · 04-29-09, 11:07 PM

if Chrysler has anything to do with it - it will be low budget

im glad they dont make airplanes

FIREWALL · 04-29-09, 11:09 PM

Quote:

Originally Posted by GoldenRivet

if Chrysler has anything to do with it - it will be low budget

im glad they dont make airplanes

GLAD THEY DON'T MAKE AIRPLANES !!!

:rotfl::rotfl::rotfl:

Jimbuna · 04-30-09, 03:06 AM

Quote:

Originally Posted by GoldenRivet

just wait until a lot of the major American corporations are owned internationally.

like i said.

America is for sale: one piece at a time

Which is exactly what has happened with your British cousins (especially the motor manufacturing industry) across the pond over the last decade

AVGWarhawk · 04-30-09, 08:28 AM

Chapter 11 allows Chrysler to rework managment and lower costs while debt owed is stopped for a time. Chrysler could come out a much sleeker company as a result. This is what Chapter 11 protection offers. Let see if they run with it or die trying.

SteamWake · 04-30-09, 11:07 AM

Dont worry the goverment will step in and save them then run it into the ground.

AVGWarhawk · 04-30-09, 12:14 PM

I think it best the gov stays out. Let them take Chapter 11 protection. I think Chrysler has already advised that this is the route they will take and they will not need this protection under chapter 11 for long. I have to and it to Obama, he stated he does not want to run banks and car companies, he is busy running two wars. He is correct, let Chrysler steer their own ship.

04-29-09, 10:22 PM	#1
Max2147 Seasoned Skipper Join Date: Feb 2009 Posts: 714 Downloads: 0 Uploads: 0	Chrysler Some rumblings out there say that Chrysler will declare Chapter 11 bankruptcy tomorrow: http://www.autoblog.com/2009/04/29/r...ptcy-tomorrow/ It's hard to figure out exactly what will happen, but it sounds like Fiat will come in and take a major stake in Chrysler. Some sources say that Fiat's CEO Sergio Marchionne (who Obama has publicly praised) will become the boss at Chrysler. This might end up being a good thing. Chrysler needs a miracle right now, but if anybody can do it it's Marchionne. He turned Fiat around in a couple years when nobody thought it was possible. If Luca Montezemolo (Fiat's chairman) is involved it'll be even better - everything that guy touches turns to gold. At the same time, there's just something strange about bringing in Italians for their management expertise.

04-29-09, 10:31 PM	#2
GoldenRivet Subsim Aviator Join Date: Mar 2007 Location: Texas Posts: 8,726 Downloads: 146 Uploads: 0	just wait until a lot of the major American corporations are owned internationally. like i said. America is for sale: one piece at a time __________________

04-29-09, 10:40 PM	#3
FIREWALL Eternal Patrol Join Date: Mar 2006 Location: CATALINA IS. SO . CAL USA Posts: 10,108 Downloads: 511 Uploads: 0	Maybe a Ferrari in Chrysler's future ? I can see it now. A low budget Ferrari. __________________ RIP FIREWALL I Play GWX. Silent Hunter Who ???

04-29-09, 11:07 PM	#4
GoldenRivet Subsim Aviator Join Date: Mar 2007 Location: Texas Posts: 8,726 Downloads: 146 Uploads: 0	if Chrysler has anything to do with it - it will be low budget im glad they dont make airplanes __________________

04-30-09, 08:28 AM	#7
AVGWarhawk Lucky Jack Join Date: Jun 2005 Location: In a 1954 Buick. Posts: 28,253 Downloads: 90 Uploads: 0	Chapter 11 allows Chrysler to rework managment and lower costs while debt owed is stopped for a time. Chrysler could come out a much sleeker company as a result. This is what Chapter 11 protection offers. Let see if they run with it or die trying. __________________ “You're painfully alive in a drugged and dying culture.” ― Richard Yates, Revolutionary Road

04-30-09, 11:07 AM	#8
SteamWake Rear Admiral Join Date: Mar 2005 Posts: 13,224 Downloads: 5 Uploads: 0	Dont worry the goverment will step in and save them then run it into the ground. __________________ Follow the progress of Mr. Mulligan : http://www.subsim.com/radioroom/showthread.php?t=147648

04-30-09, 12:14 PM	#9
AVGWarhawk Lucky Jack Join Date: Jun 2005 Location: In a 1954 Buick. Posts: 28,253 Downloads: 90 Uploads: 0	I think it best the gov stays out. Let them take Chapter 11 protection. I think Chrysler has already advised that this is the route they will take and they will not need this protection under chapter 11 for long. I have to and it to Obama, he stated he does not want to run banks and car companies, he is busy running two wars. He is correct, let Chrysler steer their own ship. __________________ “You're painfully alive in a drugged and dying culture.” ― Richard Yates, Revolutionary Road