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Old 06-18-2008, 06:42 PM
  #321  
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see. as much as i hate american cars. I know they know how to make a decent looking car with a nice interior (euro ford) and they have the ability to make it fuel efficient with good performance.

WHY DONT THEY DO IT? It seems like GM, Dodge and Chevy are coming up with new Failed models every 6 month. I have already lost track of what kind of cars they have.
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Old 06-18-2008, 06:49 PM
  #322  
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Still getting a Challenger. period.
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Old 06-19-2008, 01:22 AM
  #323  
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Originally Posted by Sarlacc
Still getting a Challenger. period.
you may not have a dealership to get it serviced at soon. Not that you would probably take it there anyways
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Old 06-19-2008, 01:25 AM
  #324  
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Originally Posted by oonowindoo
see. as much as i hate american cars. I know they know how to make a decent looking car with a nice interior (euro ford) and they have the ability to make it fuel efficient with good performance.

WHY DONT THEY DO IT? It seems like GM, Dodge and Chevy are coming up with new Failed models every 6 month. I have already lost track of what kind of cars they have.
and by the way, chevy's lineup is looking alot better today than it looked 5 years ago, 2 years ago, even 1 year ago.

Ford is a little slower on the turnaround, but hopefully that new rumored taurus is on the horizon we saw in the spyshot going around a few months ago.

dodge is definitely in trouble. no doubt about that one... no matter how many grand caravans and rams they pump out.
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Old 06-19-2008, 01:57 AM
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that sucks
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Old 06-19-2008, 02:17 AM
  #326  
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GM has seen what could have happened and turned it act around quick, look at the new CTS-V, it's simply amazing, look at the ZR-1, hell look at any GM and you will see it's design, function and quality is great.
Ford has recently seen the light and now is starting to turn around, the new flex is a prime example, it has projector headlamps, navi with gas prices and many more things you would not expect from ford. They have gotten their quality up "supposedly" and are working on new cars and cutting the fat, aka mercury.

Chrysler, saw the light and did the wrong thing to fix it. Their cars are complete crap at this point, their interiors are horrible, the looks are not so great, the features they have aren't the best, and just to sum it up, their competitors are superior. Its no surprise to me that they are broke now and have a very bleak future. Hell, I don't consider is a surprise if they close their doors tomorrow.

There are very few ways to fix what they have done to themselves, and those are pretty big gambles. The least foreseeable one, but the most affective, would be to redesign all current production cars, have better materials and design (borrow some from MB for god's sake), have a better motor (borrow it from MB retards) and have better features (borrow from MB). Essentially, they have the 4 door car for sale, the S-65 AMG in their hands and its counterparts, and they have nothing? Pure Crockpot of shit, they have it and don't know what to do with it.
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Old 06-19-2008, 09:35 AM
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Steve Feinberg is a master at making deals work. He won't hold on to this too long. Fish or cut bait.
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Old 06-19-2008, 11:35 AM
  #328  
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Originally Posted by csmeance
There are very few ways to fix what they have done to themselves, and those are pretty big gambles. The least foreseeable one, but the most affective, would be to redesign all current production cars, have better materials and design (borrow some from MB for god's sake), have a better motor (borrow it from MB retards) and have better features (borrow from MB). Essentially, they have the 4 door car for sale, the S-65 AMG in their hands and its counterparts, and they have nothing? Pure Crockpot of shit, they have it and don't know what to do with it.

They dont have anything. MB is no longer a part owner in the company anymore, and when they were they did more to hurt chrysler than help.
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Old 06-23-2008, 05:05 AM
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they need to break the unions.........get rid of people making 100k+ a year assembling cars

get rid of crappy interiors

fix the known supplier issues (a/c compressors that don't last 50K, etc)
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Old 06-23-2008, 05:07 AM
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Originally Posted by csmeance
GM has seen what could have happened and turned it act around quick, look at the new CTS-V, it's simply amazing, look at the ZR-1, hell look at any GM and you will see it's design, function and quality is great.

only way to know if GM quality is great, is to come back in about 5-7 years and see people say about the cars then...........

my dad's 08 Impala has been in the shop more times than my 6 year old acura.........
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Old 07-23-2008, 03:44 PM
  #331  
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Chrysler to cut 1,000 jobs

Poornima Gupta
REUTERS


Jul 23, 2008


DETROIT – Chrysler LLC said Wednesday it plans to cut 1,000 white-collar jobs by the end of September to slash costs and survive a deep industry downturn.

The privately held auto maker, controlled by Cerberus Capital Management, also said its liquidity position through June was unchanged from December "as a result of aggressive programs to reduce working capital, the sale of non-core assets, and volume-related manufacturing reductions."

Liquidity concerns for Chrysler have been rising as evidence grows that the downturn in U.S. auto sales that began earlier this year has accelerated in the face of record gas prices and a consumer defection from trucks and SUVs.

Chrysler, which lost $1.6 billion in 2007, has said it ended the year with $9 billion in cash.

Chrysler employees were informed of the latest job cuts through a staff memo sent by Nancy Rae, Chrysler's chief spokesperson and head of human resources.

"To respond to the current market conditions, an incremental manpower reduction of 1,000 salaried employees by September 30, 2008, will be required," Rae said in the memo, according to a company spokesperson.

The job cuts will be achieved through a combination of retirements, special programs and attrition, the company said.

Chrysler, pushing to turn around its operations nearly a year after being acquired by Cerberus, previously said it would close a minivan plant and eliminate one shift at a Dodge Ram truck plant in Missouri to cut excess capacity.

With U.S. auto sales at 15-year lows, Chrysler and larger rivals General Motors Corpand Ford Motor Cohave been forced to expand restructuring plans.

GM detailed plans last week to slash costs by $10 billion through a number of steps, including white-collar job cuts, in a bid to shore up cash, while Ford is the midst of cutting its white-collar employee expenses by 15 per cent.
http://www.wheels.ca/reviews/article/311354
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Old 07-25-2008, 03:44 PM
  #332  
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Chrysler: Exiting Leasing Business

Chrysler plans to drop leasing business
A source says that the automaker plans to get out of the leasing business due to losses on sport utility vehicles, pickup trucks.

DETROIT (AP) -- Chrysler LLC has told dealers that the automaker's financial arm plans to get out of the auto leasing business before the end of the year.

A dealer who asked not to be identified says the reason is that the company has experienced losses on leased sport utility vehicles and pickup trucks because their residual values have dropped.

Chrysler spokesman Stuart Schorr declined to comment on the issue but said Chrysler executives will hold a conference call Friday afternoon.

Word of Chrysler Financial's move comes a day after Ford Motor Co.'s (F, Fortune 500) credit arm took a $2.1 billion charge because of the drop in the residual value of leased vehicles.

The Chrysler dealer did not want to be identified because the company had not made an official announcement.
http://money.cnn.com/2008/07/25/auto...g.ap/index.htm
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Old 07-25-2008, 03:45 PM
  #333  
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They should get out of the business period.
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Old 07-25-2008, 03:55 PM
  #334  
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Originally Posted by dom
They should get out of the business period.
They are DOA.
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Old 07-25-2008, 04:06 PM
  #335  
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Who would get a Chrysler, let alone lease one?
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Old 07-25-2008, 04:29 PM
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Originally Posted by chill_dog
Who would get a Chrysler, let alone lease one?
I would rather lease one than buy one.

However, I dont see this company being around long.
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Old 07-25-2008, 11:31 PM
  #337  
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Originally Posted by dom
They should get out of the business period.

There's something there, they just don't know how to put a good outside, with a good inside with a proper power train. They have the first one, but can't figure out how to add the last two with it.
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Old 07-26-2008, 02:26 AM
  #338  
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Still see lotsa Dodge and Jeeps on the road...?
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Old 07-26-2008, 02:32 AM
  #339  
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Are there any cars that are leasing out well right now?
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Old 07-26-2008, 02:42 AM
  #340  
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Originally Posted by Yumchah
Still see lotsa Dodge and Jeeps on the road...?
rentals most likely and compare em to the amount of hondas or toyotas seen on the road
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Old 07-26-2008, 02:56 AM
  #341  
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Leasing sucks anyways...
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Old 07-27-2008, 10:26 AM
  #342  
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Originally Posted by chill_dog
Who would get a Chrysler, let alone lease one?
i'm thinking about a Ram 3500 4x4 Mega cab, cummins,Ristol package, dressed out, in the next year or 2.
it's between a Ram or a Sierra 1 ton.
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Old 07-27-2008, 01:50 PM
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Originally Posted by stright-(paint)balling
i'm thinking about a Ram 3500 4x4 Mega cab, cummins,Ristol package, dressed out, in the next year or 2.
it's between a Ram or a Sierra 1 ton.
New Sierra without a doubt.
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Old 07-27-2008, 07:07 PM
  #344  
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Post

More on this via Report on Business...

Chrysler LLC's financial arm Friday said it would stop offering vehicle leases to U.S. consumers, a sharp break in strategy in response to plunging resale prices for gas-guzzling trucks and tighter credit.

“We are shifting our strategy to focus on retail products,” said spokesman Bill Porter. “Effective August 1, we will no longer offer lease products in the United States.”

Mr. Porter said the move by the unit of the No. 3 U.S. auto maker, which is controlled by private equity firm Cerberus Capital Management, was prompted by the tough market conditions.

Chrysler Canada Inc. spokesman Jack Sulymka said the announcement does not apply in Canada.

“They have their incentive strategy, we have our incentive strategy,” he said. “Our incentive strategy remains unchanged from the program we announced July 2.”

“It's two separate marketplaces. When we set up our incentive strategy for Canada it's basically based on the buying practice of Canadian consumers and what Canadians want. We're 23 months year-over-year increase as far as sales go in Canada, and we're very proud of that statistic. We've got a product lineup that caters to that. And part and parcel with that product offering is an incentive strategy that goes along to support it, too.”

U.S. auto sales have dropped to their lowest level in 15 years, and the sudden premium on fuel-efficiency in the face of record gasoline prices has forced consumers to abandon SUVs and other light trucks.

The result has been a sharp decline in the resale prices for light trucks that has forced major auto makers and related lenders to take large losses to write down the value of leases on those once-popular vehicles.

“You have got the dropping of the used car vehicle prices. You have got people that are struggling with the credit crunch,” Mr. Porter said. “It is very difficult right now to offer competitive lease products. So we are switching our strategy.”

Chrysler's larger rival Ford Motor Co. this week took a $2.1-billion (U.S.) charge for its finance company when it reported second-quarter results, in large part because of the hit it took on the declining value of SUV and truck leases.

Nissan Motor Co. Ltd. chief executive officer Carlos Ghosn said this week that the reserves needed to cover losses on vehicle leases had been the one major surprise of the downturn for the Japanese auto maker.
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Old 07-28-2008, 12:05 AM
  #345  
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havent read all the quotables...nor am i finance savvy...

but does this mean that the company is so unstable that they cannot determine a proper 36 mo devalue projection to figure out if they could yeild a profit on a lease??
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Old 07-28-2008, 03:56 AM
  #346  
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i think its just not possible for them to figure such a figures out due to the fluctuating economy. I think them leaving the leasing business is the best financial idea because residuals on their cars are tanking and the business is just not profitable with it being the way it is now..
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Old 07-28-2008, 08:01 AM
  #347  
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Originally Posted by The Dougler
New Sierra without a doubt.
but i like the Ram Mega cab.
but the Sierra has the Allison tranny which i know guys with 450-500 hp in the allison tranny and it's fine with 150,000 miles on them.
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Old 07-28-2008, 01:51 PM
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So in essence they end up telling the consumer that " We aren't going to take the hit, we want you to." Customers realized that by leasing the vehivle they protected themselves from the depreciation. This is occuring with every manufacturer but the domestics just don't have the capital to taek the hit.

So how are you going to convince soeone to buy a product that the manufacturer is now say is horrible and depreciates to fast????
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Old 07-28-2008, 02:53 PM
  #349  
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Originally Posted by Stevens24
So in essence they end up telling the consumer that " We aren't going to take the hit, we want you to." Customers realized that by leasing the vehivle they protected themselves from the depreciation. This is occuring with every manufacturer but the domestics just don't have the capital to taek the hit.

So how are you going to convince soeone to buy a product that the manufacturer is now say is horrible and depreciates to fast????
they need to quit doing the HUGE rebates(like 5-6 grand or more) or gas lock at 2.99, or employee pricing to everyone. this murders your resale.

if you notice Honda,Toyota and Nissan don't do to much of these "promotions" maybe 500 bucks off but nothing like the big 3.
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Old 07-28-2008, 05:24 PM
  #350  
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Its like crack to them. They don't think they can sell cars without huge incentives.

And on an unrelated topic I hope my Trojans destroy you guys on Sept 13th. Fight on
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Old 07-30-2008, 01:22 AM
  #351  
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Fitch downgrades Chrysler citing financing risk

Reuters


Jul 29, 2008

NEW YORK–Fitch Ratings on Tuesday cut its ratings on Chrysler LLC deeper into junk territory, saying restricted access to economical financing will likely hurt the automaker's sales.

Fitch cut Chrysler's rating to "CCC," or seven steps below investment grade, from "B-minus." A "CCC" rating indicates substantial risk of default. The outlook is negative, indicating another downgrade is likely over the next one to two years.

Fitch said it is concerned with the state of the securitization market and the ability of automakers to access this market on an economical basis over the near term. Jittery capital markets, a steep drop in vehicle values, especially SUVs and pickup trucks, and higher defaults and loss severity are weighing on the securitization market, Fitch said.

Automakers have shifted heavily to securitized or asset-backed markets for financing since ratings were cut to junk several years ago, raising the cost of financing in the unsecured markets.

"Chrysler Financial ... is currently in the midst of renewing its financing facilities," Fitch said in a statement. "

The higher costs associated with any renewal will make it more challenging to provide competitive and economic financing of retail sales.
http://www.wheels.ca/reviews/article/313622
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Old 07-22-2009, 11:28 AM
  #352  
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Chrysler: Double 'Cash For Clunkers' Incentive

Chrysler says it will double the $4,500 government incentive for people to trade in their old gas guzzlers for new vehicles under the "cash for clunkers" program.

The automaker announced Wednesday that it will offer up to $4,500 cash or zero percent financing for six years on most of its 2009 Chrysler, Dodge or Jeep models. The incentive begins Thursday and lasts until Aug. 31.

Chrysler says in a statement that buyers are eligible even if they don't qualify for the clunkers program.

The government's "cash for clunkers" program is expected to begin later this month. It gives owners of inefficient, older vehicles up to a $4,500 incentive to trade them in and send them to the scrap heap in exchange for more efficient models.
CNBC

I still wouldn't buy a Chrysler product but something like this would definitely get me back in the GM or Ford camp if they had this incentive as well.
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Old 07-22-2009, 11:41 AM
  #353  
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I just saw that. The only thing of theirs I'd drive is the Challenger, which wouldn't qualify for squat (unless the deal was for cars that get 10 mpg less than your current car). I also bet one of the exclusions are SRT models.
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Old 07-22-2009, 02:43 PM
  #354  
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Sounds more like "Clunker for Clunker"
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Old 07-22-2009, 04:01 PM
  #355  
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Originally Posted by NSXNEXT View Post
Sounds more like "Clunker for Clunker"
I was gonna say the same thing......although when the Fiat 500 comes stateside........
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Old 07-22-2009, 06:34 PM
  #356  
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Old 07-22-2009, 09:48 PM
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Originally Posted by NSXNEXT View Post
Sounds more like "Clunker for Clunker"
OR old clunker for new clunker.
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Old 07-23-2009, 01:31 AM
  #358  
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The models that qualify (4 cyl small sedans) are the ones that ChryCo doesn't make any money on. Now, $9000 off to get a Fiat 500, that would be a deal.
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Old 07-25-2009, 11:24 PM
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They (Chrysler / GM / Ford) already overprice their vehicles by 4000 to 9000 then offer 4 to 9000 off MSRP all the time anyways. I dont see how this is really news or different from their usual 'sales'
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Old 07-26-2009, 05:52 PM
  #360  
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Good luck with that.

Basically, here’s how the program works for new-car purchases (different criteria apply to trucks):

1. The car you’re trading in must have been registered and in use for at least a year (this provision prevents people from buying an old beater from a junkyard and trading it in for a new car).

2. The trade-in vehicle must have a combined city and highway fuel-economy rating of 18 mpg or less.

3. The new car you purchase must be priced at $45,000 or less.

4. The new car must have a federal fuel-economy rating that is at least 4 mpg better than the old car you’re trading in to qualify for a $3,500 voucher, or be rated at least 10 mpg better to get the maximum payment of $4,500.
http://environment.about.com/b/2009/...eally-help.htm

Got that old beater just sitting in the driveway, unregistered, but planning to use it one day? Nope.

Your old beater gets 19 mpg combined? you're out.

And good luck getting a Chrysler to get 10mpg or better than your old car to get the maximum benefit from the program. Unless it's a real gas guzzler.
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