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Old 01-23-2007, 04:08 PM
  #161  
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A good lesson-to-learn for the Germans that American auto companies are not that easy to be gobbled up. The takeover was a direct assault on the Chrysler coporation hiding under the "Merger of the Equals" mask.

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Old 01-23-2007, 07:10 PM
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Originally Posted by DelawareCLS
But they're better than what Ford/GM is turning out!

Okay, not entirely across the board but they've made great strides against those other guys. The 300 is the US class leader in the full-size, and Jeep is far and away the nicest among the non-Luxury US SUVs. Unfortunately, they've added too many derivative models to Jeep's lineup. The Compass? Come on. The Commander? Not impressed.

I haven't had the opportunity to compare in the past couple of years, but 2 years ago GM & Ford couldn't match the quality of Chrysler's vehicles (I know that's a relative statement).
I disagree. Quatlity wise, GM's fit and finish trumps both Ford's and Chrysler's. Also, GM's materials are nicer than Chrysler's. Though I don't have a problem with any Chrysler Group vehicle interior panel/piece fit (that comes to mind), they're materials are a bit lacking.
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Old 01-24-2007, 03:56 PM
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Originally Posted by biker
And Jeep is a good name to have on your side.
Which isn't even a Chrysler company...

Kaiser/American Motors Corp Jeep !!
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Old 02-05-2007, 01:40 PM
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Chrysler to cut 10,000 jobs: Report
http://www.thestar.com/Business/article/178330

February 05, 2007
Reuters News Agency

DETROIT – DaimlerChrysler AG's Chrysler Group plans to cut more than 10,000 factory jobs and close at least two plants to return the U.S-based unit to profitability, the Detroit News reported Monday.

A secret restructuring plan dubbed "Project X" is focused on transforming Chrysler into a smaller, more efficient automaker with closer ties to its German parent company and the Mercedes-Benz luxury division, the newspaper said, citing sources.

Chrysler spokesman Jason Vines called the report "speculation" and declined further comment.

A restructuring plan for Chrysler is scheduled to be announced on Feb. 14 in conjunction with fourth-quarter results for its parent company.

The plan would include some "changes" to manufacturing operations, Chrysler Group Chief Executive Tom LaSorda told reporters in Las Vegas on Saturday.

The newspaper said an assembly plant in Newark, Delaware, and an engine plant in Detroit would likely be closed.

"We need to go deeper and faster, or else what's the point?" DaimlerChrysler AG Chairman Dieter Zetsche is said to have told Chrysler officials recently, the newspaper said.

Teams from Mercedes and the consulting firm McKinsey & Co. have become fixtures at Chrysler headquarters in Auburn Hills, Michigan, according to the paper.

Chrysler was dogged by inventory management problems in 2006, including its disclosure that it had been holding large numbers of vehicles in a "sales bank" before they had been ordered for showrooms.

At one point last year, the No. 4 U.S. automaker had about 100,000 vehicles sitting in the sales bank of unassigned inventory that were not being disclosed in its monthly sales calls for analysts.
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Old 02-05-2007, 01:43 PM
  #165  
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Old 02-14-2007, 10:55 AM
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Chrysler will cut 13,000 jobs

Chrysler will cut 13,000 jobs, close Delaware plant - - Dale Jewett | | Automotive News / February 14, 2007 - 9:39 am - - Source: autonews.com

The Chrysler group said today that it will cut 13,000 jobs; close its Newark, Del., assembly plant, cut 400,000 units of annual production capacity and spend $3 billion on new powertrains.

The 13,000 job cuts will occur through 2009. Of that total, 11,000 jobs will be hourly workers, with 9,000 jobs cut in the United States and 2,000 in Canada. The Chrysler group also plans to cut 2,000 salaried jobs -- 1,000 each this year and in 2008.

In addition to closing the Delaware plant in 2009 that builds the Dodge Durango and Chrysler Aspen SUVs, the automaker also will cut a shift at the Warren, Mich., plant this year that builds pickups. Next year, it will cut a shift at the St. Louis South assembly plant that builds minivans. It also will close a parts distribution center in Cleveland in December.
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Old 02-14-2007, 10:57 AM
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Check out this presentation for the 2006 year as whole from Dr. Dieter Zetsche himself.
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Old 02-14-2007, 11:00 AM
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The Dr. says in his ppt that there will be 8 new and 5 refreshed products in his portfolio in 2007. Other than the Demon I wonder what they all are.
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Old 02-14-2007, 11:12 AM
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Old 02-14-2007, 11:17 AM
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Ah it looks like the 7 new 2007 products are:

1. Sebring Cabrio
2. Viper SRT10
3. Liberty
4. Ram 4500
5. Avenger
6. Sprinter
7. Caravan / Town+Country
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Old 02-14-2007, 11:26 AM
  #171  
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Hargrove calls cuts 'absolute disaster'

In the wake of the announcement, Canadian Auto Workers union president Buzz Hargrove called the job cuts an "absolute disaster."

"This is a huge hit to us," he said during a news conference in Toronto.

Hargrove said the changing dynamics of the auto market has seen Canada go from the fourth-largest producer of automobiles in the world to eighth place in 2005. He said the country will likely be pushed to tenth by the end of this year as China and India increase their auto production.
One day he'll figure out that his unions are a major cause of the domestic automakers makers problems.
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Old 02-14-2007, 01:32 PM
  #172  
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http://www.thestar.com/printArticle/181619

CAW: Chrysler cuts ‘disaster’
TheStar.com - Business - CAW: Chrysler cuts ‘disaster’
2,000 of 13,000 Chrysler job cuts are in Canada and Buzz Hargrove expresses devastation

February 14, 2007
Associated Press and Canadian Press
The president of the Canadian Auto Workers said today that the loss of 2,000 DaimlerChrysler jobs in Canada is “an absolute disaster” for the industry.
Buzz Hargrove bristled at the idea that the cuts could have been worse and said at a press conference that they spell disaster for the Canadian auto industry.

DaimlerChrysler’s restructuring announcement today will see about 13,000 jobs in total eliminated under a plan to reduce the struggling automaker’s costs and return it to profitability.

Two thousand of those jobs are in Canada.

Hargrove said at a press conference that the cuts represent just one more hit from the continued downsizing of DaimlerChrysler.

Hargrove also expressed frustration that he can’t get a meeting with Prime Minister Stephen Harper to discuss the industry’s problems, including what he calls unfair trade practices on the part of offshore auto manufacturers.

The 13,000 jobs will be eliminated over the next three years in a wrenching restructuring that eventually may lead to a DaimlerChrysler divorce.

The Chrysler unit of the German-American automaker (NYSE: DCX) announced its long-awaited plan at its Auburn Hills headquarters, saying it would cut 16 per cent of the U.S. division’s work force, a move it hoped would return its U.S. operations to profitability by next year.

The plan was announced only hours after Chrysler’s parent, DaimlerChrysler AG, said it was considering “far-reaching strategic options with partners” and that “no option is being excluded” as it reported a 40 per cent drop in companywide profit for the fourth quarter.

The plan calls for closing the company’s Newark, Del., assembly plant, and reducing shifts at plants in Warren, Mich., and St. Louis. A parts distribution center near Cleveland also will be closed.

Under the plan, 11,000 production workers — 9,000 in the U.S. and 2,000 in Canada — will lose their jobs over the next three years, and 2,000 salaried jobs also will be cut — 1,000 this year and 1,000 in 2008.

The job losses are the latest in a yearlong series of devastating cuts in the ailing domestic auto industry, which likely will lose more than 100,000 jobs in all.

“We believe that this represents a solid plan to return to profitability and lay the groundwork for a solid future,” Chrysler CEO Tom LaSorda said at a news conference.

DaimlerChrysler chairman Dieter Zetsche said the company was looking into “further strategic options with partners” for Chrysler.

“In this regard we do not exclude any option in order to find the best solution for both the Chrysler Group and DaimlerChrysler,” Zetsche said in a statement.

Analyst Georg Stuerzer with UniCredit, when asked if the wording in the statement was a sign that the company was mulling a spinoff of Chrysler, said, “the impression was right. This is what people are thinking it could mean.”

He added that the restructuring could be the first step, likely followed by a push by DaimlerChrysler to find a partner with which to operate the Chrysler unit, or even find a suitable buyer for it.

Bank of America auto analyst Ron Tadross said in a note to investors that DaimlerChrysler “did not rule out disposing of its money-losing Chrysler division.”

Tadross said he “would not be surprised if there is good interest in Chrysler. We see Chrysler as a decent business, at least relative to the other U.S. domestic manufacturers.”

DaimlerChrysler said Wednesday that its fourth-quarter earnings plunged on weaker demand at the Chrysler unit, where sales fell seven per cent. DaimlerChrysler’s profit fell to $761 million (all figures U.S.), or 74 cents per share, as revenue slipped to $53.7 billion.

The job cuts at Chrysler will reduce by 400,000 the number of vehicles that operations can produce each year.

The Delaware plant, which makes the slow-selling Dodge Durango and Chrysler Aspen mid-sized sport utility vehicles, employs about 2,100 workers. Chrysler plans to close it in 2009, with a shift reduction this year.

Dean Almuwalld, who works in painting on the Newark plant’s assembly line and has worked at the plant for 13 years, learned its future from news reports.

“I’ll take a transfer,” the 33-year-old said as he walked into the local United Auto Workers hall. Almuwalld said he has relatives in Detroit. “I’ve got family there, so I’m ready to go.”

The Warren truck plant, with 3,313 hourly employees, makes the Dodge Ram and Dakota pickups, which saw sales decline last year. Chrysler plans to eliminate a shift there this year.

The other plant to lose a shift is the St. Louis South assembly plant, which makes Chrysler and Dodge minivans. It has 2,850 workers and would lose the shift in 2008.

The Cleveland-area parts distribution center would be close sometime this year, Chrysler said.
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Old 02-14-2007, 01:37 PM
  #173  
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Originally Posted by Black Tire
One day he'll figure out that his unions are a major cause of the domestic automakers makers problems.

Actually I'd say its the failure to find legitimate health care options for the employees- been going on for 20 years and not a damn thing has been done about it.
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Old 02-14-2007, 02:57 PM
  #174  
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How does this work ? Will all these 9000 US workers get put aside in the job bank and getting pay doing nothing, or will they be fired outright ? What is the UAW's reaction to this ?
Mr Gettlefinger is not going to just sit there doing nothing, due to his salary being paid out from the union dues from all these workers.
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Old 02-14-2007, 04:30 PM
  #175  
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^^ They won't be fired...can't do that...but what you do is buy them out.
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Old 02-14-2007, 07:08 PM
  #176  
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Originally Posted by subinf
Actually I'd say its the failure to find legitimate health care options for the employees- been going on for 20 years and not a damn thing has been done about it.
Toyota, Honda and Nissan are building plenty of new manufacturing capacity in the USA. Guess what? Their employees have plenty of legitimate health care options.

Design and build great product and people will buy it. It's that simple.
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Old 02-14-2007, 07:42 PM
  #177  
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Originally Posted by Fibonacci
Toyota, Honda and Nissan are building plenty of new manufacturing capacity in the USA. Guess what? Their employees have plenty of legitimate health care options.

Design and build great product and people will buy it. It's that simple.

Even if GM were outselling everyone else I'd still like to see their healthcare costs per vehicle decrease. Neither the union nor GM has done anything substantive to deal with the problem. That is a failure with both sides.
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Old 02-14-2007, 07:56 PM
  #178  
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After cuts, Chrysler must focus on products

Originally Posted by subinf
Even if GM were outselling everyone else I'd still like to see their healthcare costs per vehicle decrease. Neither the union nor GM has done anything substantive to deal with the problem. That is a failure with both sides.

This thread is about Chrysler, but no one is disputing that GM has substantial legacy costs from the days when they had 50% plus share of the US domestic auto market. GM is working diligently to reduce those costs and UAW contracts will most likely be reworked this year to cut those costs even more.

People are living longer because of the great quality healthcare that our system offers. The days of defined benefit plans and generous unfunded healthcare liabilities are behind us.

Back to my point...

It’s becoming an alarmingly familiar event — a large U.S. automaker announces plant closures and thousands of layoffs as it struggles to cut factory capacity to match falling demand for its vehicles.

http://www.msnbc.msn.com/id/17147144/
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Old 02-14-2007, 08:14 PM
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Originally Posted by Fibonacci
Toyota, Honda and Nissan are building plenty of new manufacturing capacity in the USA. Guess what? Their employees have plenty of legitimate health care options.

Design and build great product and people will buy it. It's that simple.
To their defense, the companys listed don't have huge legacy costs. When 1,500 dollars every vehicle goes to legacy costs, it hurts. Image if they cut that in half.
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Old 02-14-2007, 08:21 PM
  #180  
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Originally Posted by Fibonacci
This thread is about Chrysler, but no one is disputing that GM has substantial legacy costs from the days when they had 50% plus share of the US domestic auto market. GM is working diligently to reduce those costs and UAW contracts will most likely be reworked this year to cut those costs even more.

People are living longer because of the great quality healthcare that our system offers. The days of defined benefit plans and generous unfunded healthcare liabilities are behind us.

Back to my point...

Fair enough - what are Chrysler's cost per vehicle?
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Old 02-16-2007, 03:08 PM
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Reports: GM in talks to buy Chrysler Group

Sources say the No. 1 automaker may buy DaimlerChrysler's struggling auto unit, according to reports.

NEW YORK (CNNMoney.com) -- General Motors is in talks to buy DaimlerChrysler AG's struggling Chrysler Group in its entirety, according to several reports.

According to the reports, sources in Germany and the United States said high-level talks between GM and DaimlerChrysler executives are taking place.
Chrysler, which has already announced plans to close plants like this one in Newark, Del., and cut 13,000 jobs, could be sold to rival General Motors, according to published reports.

CNN's Ali Velshi has details of Daimler Chrysler's restructuring plan. (February 14)
Play video

Its German parent confirmed Wednesday it is looking at strategic options for the North American unit. When asked if those options included a sale or spin-off of the unit, DaimlerChrysler Chairman Dieter Zetsche responded "this means all options are on the table."

Chrysler Group announced Wednesday it would be cutting about 13,000 workers and closing plants over the next three years as a part of a restructuring plan aimed to restore profits by next year.

Talks of an alliance between GM and DaimlerChrysler was first reported recently in Germany's Manager-Magazin.
10 cars worth waiting for

Other unnamed sources said to be familiar with the discussions confirmed the reports Friday for Reuters and the industry newspaper Automotive News.

DaimlerChrysler employed J.P. Morgan Chase & Co. to consider options for the Chrysler Group, to help the automaker explore strategic options, according to trade newspaper.
For sale: A smaller Chrysler

But others are also skeptical on whether the discussions are real.

"This would be an at least $5 billion plus deal and GM is not that liquid right now," John Casesa said, an automotive analyst with Casesa Strategic Advisors, told CNN. "I'm not convinced at all and I think it's unlikely."

Other experts contacted by CNNMoney.com said that while a GM purchase of Chrysler appeared unlikely, they could see other buyers emerging.

"The challenge is who would be a buyer," David Cole, chairman of the Center for Automotive Research, said Wednesday of a possible sale of Chrysler. "Maybe a Chinese company that really wants entrance into U.S. market or Renault-Nissan would see it fit with its strategy. But it's tough."
Chrysler's Valentine's Day massacre

Carlos Ghosen, the CEO of both French automaker Renault and Japanese automaker Nissan (Charts), had expressed interest in finding a North American partner to join the alliance between his two companies. Talks between GM and those two automakers last year were abandoned without any agreement.

Kevin Tynan, auto analyst at Argus Research, said Wednesday he believes Chrysler will end up being sold due to pressure from DaimlerChrysler's shareholders to undo the 1998 merger, but he thinks a sale to a private equity group is more likely than a combination with another automaker.

"There's value to those brands," he said. "I think relative to Ford Motor (Charts), there's less dead weight. Nine years later, it's probably the right thing to do. I think there's a feeling in Germany that it's time to cut bait."

Officials for DaimlerChrysler and GM issued no comments on the reports.

DaimlerChrysler has long tried to reverse the drop in sales with previous cost-cutting moves but slipped into the No. 4 spot last year behind Toyota (up $0.21 to $136.98, Charts) in the United States.

Other reports have suggested that talks between Chrysler and GM were more limited in scope than a full merger. The Wall Street Journal reported Thursday that the two were in talks to jointly develop a large SUV that would be similar to the Chevrolet Suburban, a product that Chrysler Group doesn't have in its lineup. The New York Times had a similar report Friday. Neither publication had their own reports on the potential merger talks as of mid-day Friday.
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Old 02-16-2007, 03:29 PM
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I don't see it happening.
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Old 02-16-2007, 03:29 PM
  #183  
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Whoa.
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Old 02-16-2007, 03:37 PM
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I can't see GM buy Chrysler; to much brand overlap. I can't see Ford buying it; they don't have the cash for that, and they can't develop the brands (Mercury and Lincoln) they already have. I can easily see the Blackstone or Carlyle gGroups buying it.
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Old 02-16-2007, 03:39 PM
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If I were GM, buy Chrysler and then cease Chrysler. That way, more marketshare for GM.
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Old 02-16-2007, 03:41 PM
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Big Three going to become the Big Two? Not likely...

And considering that GM is finally trimming away the fat in terms of the number of brands that it has, I do not see any reason why they would want to add yet another group of brand names to their already crowded plate.
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Old 02-16-2007, 03:42 PM
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Technology sharing
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Old 02-16-2007, 03:44 PM
  #188  
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Originally Posted by Black Tire
If I were GM, buy Chrysler and then cease Chrysler. That way, more marketshare for GM.

Just like the WWF did to the WCW.
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Old 02-16-2007, 03:45 PM
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Originally Posted by Black Tire
If I were GM, buy Chrysler and then cease Chrysler. That way, more marketshare for GM.
That's the only thing that makes sense. What honestly does Chrysler have to offer that GM doesn't already have? Their SUV's are getting top marks, they have that new RWD platform and are coming out with a slew of new products based on it. The only thing of value from Chrysler that I could see would be that LX RWD platform that they have underpinning their 300, Charger, & Magnum. Chrysler is about the only American brand that can still sell a minivan, but how much is that even worth?
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Old 02-16-2007, 04:04 PM
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I think it would be stupid on GM's part...they are just getting outta a mess, why do they want to inherit more...?

If they really wanted to buy a car company for sale, I think Aston Martin would've been a much better idea...?
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Old 02-16-2007, 06:09 PM
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Of the Big American motor companies, Chrysler has some of the most innovative and stylish products while GM has some of the worst, IMHO. It would be a total disaster if Chrysler becomes part of GM...
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Old 02-16-2007, 06:16 PM
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I think it would be more likely that one of the japanese companies would step in.... Nissan Jeep... sounds good to me

It would be funny if some one bought Chrysler, and canned everything except for the Jeep name (like Chrysler did when it bought out AMC).
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Old 02-16-2007, 06:37 PM
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There is nothing to gain from a GM standpoint, hummer is jeep, Buick is going after Chrysler, the dodge brand pretty much sucks imo but Chevy would cover that area. Gm would gain the best selling minivan and the Chrysler group would gain a vehicle platform for every other segment GM has covered, nice deal.
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Old 02-17-2007, 10:32 AM
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interesting news but GM is not liquid enough to absorb another company i think.
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Old 02-18-2007, 10:55 AM
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Not gonna happen. GM has too many brands to manage already and they certainly don't need more manufacturing capacity, dealer networks and unfunded pension/healthcare liabilities.

That being said, nothing shocks me anymore. Like two drunks trying to hold each other up.
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Old 02-18-2007, 11:09 AM
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Originally Posted by Fibonacci
Not gonna happen. GM has too many brands to manage already and they certainly don't need more manufacturing capacity, dealer networks and unfunded pension/healthcare liabilities.

That being said, nothing shocks me anymore. Like two drunks trying to hold each other up.
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Old 02-19-2007, 01:22 PM
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Originally Posted by ostrich
Of the Big American motor companies, Chrysler has some of the most innovative and stylish products .
Yea they dont
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Old 02-19-2007, 01:49 PM
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Originally Posted by fsttyms1
Yea they dont
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Old 02-19-2007, 01:52 PM
  #199  
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Originally Posted by fsttyms1
Yea they dont

Besides a Viper, I can' think of one Chrysler product I'd want.
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Old 02-19-2007, 01:55 PM
  #200  
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http://www.leftlanenews.com/2007/02/...ot-interested/

DCX to launch $13 billion auction of Chrysler; Hyundai not interested

U.S. investment bank JPMorgan is making final preparations before starting an auction of the Chrysler Group on behalf of DaimlerChrysler, according to a report by the U.K.'s Times. The news follows a shocking report from last week suggesting General Motors might be considering buying Chrysler.
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