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Can Chrysler Turn It Around in Bankruptcy?

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  • lemkolemko Posts: 15,205
    I don't know WHY Chrysler got rid of the old normal-looking Dodge van. Just about every plumber, contractor, electrician, etc. in Philly has one or several of those white Ford or Chevy vans. Almost nobody has a Sprinter van. The old Dodge vans were excellent vehicles. My uncle had a green 1977 Dodge work van and it went 250K+ miles easy.
  • There are many reasons the old Dodge van went away.
    The design was over a decade old.
    These old beasts sucked up alot of fuel.
    And most importantly, the decision was made in Germany.
    The new Freighliner/White/Daimler/Chrysler van is a European design. It looks European, holds alot of cargo and is relatively fuel efficient (deisel).
    Yes, the old design worked and was dependable. But even though production stopped over 3years ago, there are still brand new units sitting on dealer lots. If they were so desirable, why are they still sitting around?

    The newest design is proimaruly meant to haul a lot of freight. That's is why it looks like a big box on wheels.
    If you want a mini motorhome, this is a good platform to start with.
    If you want sporty handling, forget this platform. If you want style instead of cargo capacity, Daimler-Chrysler has other products.
    If you really want trhe old Dodge van, her is what you can do...
    Wait another 6 months, Daimler will be selling off it's Chrysler division. Whovever takes over will be desperately crying for buyers. Go to the new "New Dodge" dealer with cash in your hands and tell them you want a new van designed with the spirit of the old Dodge van. If 10,000 more buyers do the same, they will build it.
    To paraphrase the Field of Dreams mantra, "If you come, they will build it"
  • rockyleerockylee Wyoming, MichiganPosts: 13,989
    Well those vans had one of the most reliable, maintence free engines with the 318. ;)

    Rocky

    P.S. My Aunt and Uncle had one out in Salt Lake City with 270,000 miles on it but they got divorced and I'm not sure what ever happen to it ????
  • lemkolemko Posts: 15,205
    Your uncle is probably living in it. You know how divorce goes.
  • rockyleerockylee Wyoming, MichiganPosts: 13,989
    My uncle was by marriage and trust me he isn't living in it. He got half of the money which was a good chunk of change.

    Rocky
  • bumpybumpy Posts: 4,435
    I don't know WHY Chrysler got rid of the old normal-looking Dodge van.

    Because it was designed in the '70s, and DCX didn't feel like throwing any more money into a low-margin niche product that had no hope outside of North America.
  • wale_bate1wale_bate1 Posts: 1,986
    Hwy, you didn't read the link. The article referenced Durangos, which is what the person quoted therin supposedly meant by big SUV's.

    What I meant was that the Durango is a second-rate SUV. I'll stand by that I think.

    We're looking at vehicles along those lines now, and not at my behest, I can tell you. The models mentioned are being heavily shopped, where they can be found in desired trims, I can tell you from personal walking-the-lot experience.

    I have made five Mopar purchases since 1995. I think I've been supportive. They aren't getting my business next go round, and it surely ain't because I'm a Mopar-hater...
  • rockyleerockylee Wyoming, MichiganPosts: 13,989
    http://www.detnews.com/apps/pbcs.dll/article?AID=/20070215/AUTO01/702150405/1148-

    Another blow To Michigan, when is the bleeding going to stop ? :sick:

    Rocky
  • hwyhobohwyhobo Posts: 263
    What I meant was that the Durango is a second-rate SUV

    We fully agree on Durango. I could never figure out its reason for existence, particularly considering its mind-numbing fuel consumption.
  • andre1969andre1969 Posts: 22,142
    We fully agree on Durango. I could never figure out its reason for existence, particularly considering its mind-numbing fuel consumption.

    I think the Durango sort of made sense when it came out. At that time, Chrysler was trying to make one vehicle that could cover both the midsize and fullsize categories. Honestly, I think they would've been better off just keeping the Durango about the same size as the first-gen, and then building a true full-size SUV off the Ram platform.

    Probably would've been cheaper, too, because then they could've perhaps kept one platform for the Dakota/Durango and one for the Ram and a full-sized SUV. As is now, they ended up with three platforms, as the Durango is substantially different from the Dakota nowadays.
  • rockyleerockylee Wyoming, MichiganPosts: 13,989
    Cerberus visits Auburn Hills again; analyst says Magna is frontrunner

    http://www.detnews.com/apps/pbcs.dll/article?AID=/20070428/AUTO01/704280362/1148-

    Rocky
  • rockyleerockylee Wyoming, MichiganPosts: 13,989
    Chrysler plans to link V-8 with electric motors in 2008 Chrysler Aspen and Dodge Durango.

    Chrysler Group will power hybrid versions of the 2008 Dodge Durango and Chrysler Aspen SUVs with its brawny 5.7-liter Hemi V-8 engine, the automaker said Monday.

    The vehicles -- the first-ever gasoline-electric hybrids from Chrysler -- are slated to hit the market next year and will feature a two-mode hybrid technology that improves fuel efficiency for both city and highway driving.

    con't.........

    http://www.detnews.com/apps/pbcs.dll/article?AID=/20070501/AUTO01/705010331/1148-

    -Rocky
  • rockyleerockylee Wyoming, MichiganPosts: 13,989
    Magna International Inc. Chairman Frank Stronach told Bloomberg News he has banks lined up to back his car-parts maker in its bid to buy Chrysler, and has asked DaimlerChrysler AG to retain a stake in the U.S. automaker if it's sold.

    "Financially we have a viable concept," Stronach said in a Toronto interview with Bloomberg today.

    Stronach, who didn't disclose the amount of Aurora, Ontario-based Magna's offer for Chrysler, said he would be open to having other investors join if he is successful in purchasing the Auburn Hills carmaker.

    http://www.detnews.com/apps/pbcs.dll/article?AID=/20070509/UPDATE/705090468/1148- /AUTO01

    Well it looks like the Canadians get their first car company !!!!! :)

    -Rocky
  • rockyleerockylee Wyoming, MichiganPosts: 13,989
    DaimlerChrysler AG, the world's second-largest luxury carmaker, will invest $67 million to build a factory in India, where an expanding economy and rising disposable incomes have spawned a set of high-spending customers, Bloomberg News reported today.

    The factory, to be located at Chakan in the western state of Maharashtra, will employ 350 people initially, Joachim Schmidt, chairman of DaimlerChrysler India Pvt., told reporters in the industrial city of Pune. It would have a capacity to produce 5,000 vehicles a year, he said.

    "There is a lot of potential because India is improving dramatically in all aspects," Schmidt said. "That's why we see double-digit growth from the luxury car market in India."

    DaimlerChrysler currently assembles the E-Class, C-Class and S-Class models at a factory in Pune in Maharashtra, Bloomberg reported. The land for the existing factory is owned by Tata Motors Ltd., India's biggest truck and bus maker.

    http://www.detnews.com/apps/pbcs.dll/article?AID=/20070509/UPDATE/705090446/1148- /AUTO01

    Well Fintail, you might get your Ind-E class :P

    -Rocky
  • rockyleerockylee Wyoming, MichiganPosts: 13,989
  • steverstever Viva Las CrucesPosts: 41,942
    "Chrysler LLC has slipped into a serious financial crunch just four months after Cerberus Capital Management LP swept in to save the auto maker.

    At a meeting earlier this month, Chief Executive Robert Nardelli told employees the company is headed for a substantial loss this year and is scrambling to sell assets to raise cash, according to an account by two people present that Mr. Nardelli confirmed.

    "Someone asked me, 'Are we ?'" Mr. Nardelli said at the meeting. "Technically, no. Operationally, yes. The only thing that keeps us from going into bankruptcy is the $10 billion investors entrusted us with."

    Wall St. Journal

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  • dtownfbdtownfb Posts: 2,915
    Very interesting but what does that really mean? Ford is essentially operating off borrowed money.
  • steverstever Viva Las CrucesPosts: 41,942
    Good point - Ford has sold or mortgaged many assets to generate operating capital. Chrysler is selling assets to raise money too. With new CAFE standards rolling in and high gas prices, and low margins on econoboxes, you have to wonder if Ford or Chrysler will hang in there for the coming rough years. Maybe China and India will save them.

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  • dtownfbdtownfb Posts: 2,915
    Chrysler has already made the deals with China. With all the recalls for the children's toy (lead paint) and the negative press, i can't see a Chinese car doing well in the US anytime soon. My personal opinion is this could be the initial stages of a Chrysler breakup.
  • dtownfbdtownfb Posts: 2,915
    Last week MSNBC was covering the Detroit Auto Show. They said some nice things about GM. They were neutral on Ford. When they talked about Chrysler, one of the analyst pretty much said, It's a matter of the For Sale sign going up in April or September. He sees no way Chrysler can turn this around. I can see it now, the new Nissan Ram.
  • steverstever Viva Las CrucesPosts: 41,942
    "Chrysler LLC scrambled to maintain its inventory of plastic parts after a supplier filed for bankruptcy protection."

    Chrysler Supplier Files for Bankruptcy (AP)

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  • steverstever Viva Las CrucesPosts: 41,942
    Chrysler Plan Kills Models; Consolidates and Reduces Dealerships (AutoObserver)

    and from Reuters

    "Shrinking the number of dealers will be difficult, however, because of laws in all the states protecting those businesses, analysts said. If Chrysler, with about 3,600 dealers, wants to move quickly, it likely will have to offer financial incentives."

    And you thought union featherbedding and the jobs bank was bad. :shades:

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  • "buyouts" come to, anyway? Chrysler gives the ones they choose to tell to go away, what...umm...$500,000, or something similar? Imagine Dr.Evil with his little finger precariously pointed in towards the corner of his mouth here.

    Yikes. :surprise:

    2011 Kia Soul Sport 5-speed

  • steverstever Viva Las CrucesPosts: 41,942
    "It is common for automakers to shut down plants in July, but the Chrsyler announcement will also affect salaried workers."

    Chrysler to Take Two-Week Break in July (New York Times)

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  • Karen_CMKaren_CM Posts: 5,032

    Community Manager If you have any questions or concerns about the Forums, send me an email, karen@edmunds.com, or click on my screen name to send a personal message.

  • Karen_CMKaren_CM Posts: 5,032
    A reporter would like to talk consumers who expressed interest in Chrysler’s $2.99 gas promotion and either purchased a vehicle or had considered purchasing one because of the promotion . Please respond to ctalati@edmunds.com with your daytime contact information no later than Friday, May 31st.

    Community Manager If you have any questions or concerns about the Forums, send me an email, karen@edmunds.com, or click on my screen name to send a personal message.

  • jchan2jchan2 Posts: 4,956
    the right phrase to sum up Chrysler right now is:
    a disaster.

    Notice how it's Chrysler's SUVs and minivans that have the biggest incentives and price drops among any automakers that are in those segments.

    And Chrysler's fuel efficient cars (consisting of.. Caliber.. and umm.. maybe the base Sebring/Avenger?) don't seem to be appealing to buyers.
This discussion has been closed.