Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!





Chrysler Allies With Fiat

11213151718

Comments

  • kernickkernick Posts: 4,072
    C'mon pro-bailout folks, why didn't you post this news?

    http://apnews.excite.com/article/20100208/D9DO9UI02.html

    Aren't you proud new jobs are being created, by the U.S. taxpayer having footed the majority of the bailout? This is super news. ;) I'm sure Fiat will close many of the aged factories with UAW work-force making cars like the Sebring, and create many new jobs in low-cost countries, or simply make the vehicles in ol' Italia.
  • hpmctorquehpmctorque Posts: 4,600
    Fiat will introduce a new 2 cylinder "MultiAir" engine for its smallest cars that'll produce up to 120 hp. It'll be displayed at the Geneva Auto Show. I wonder whether it'll be available for the 500 model that's coming here.
  • Can I have that engine in a midsized sport cruiser, sport tourer or naked bike please?
  • hpmctorquehpmctorque Posts: 4,600
    Well, I can see why it would only appeal to a small (pun intended) niche market with gas at $3, but at $6+, like it is in some European countries, it would draw more interest, don't you think?
  • kernickkernick Posts: 4,072
    that not only did our government bailout Cerberus by taking Chrysler off their hands, and giving it to Fiat for free, but they are still helping Cerberus in other ways. I guess it pays to have a former VP, and other political friends in the executive offices. :mad:

    But that's not the worst of it. Thanks to Treasury's decision to avoid a comprehensive restructuring of the company, pre-bailout shareholders in GMAC -- including private equity firm Cerberus -- could still profit on their investments, the report said.

    And while the costs are mounting, the panel, chaired by Harvard law professor Elizabeth Warren, said it remains unclear what Treasury accomplished by shielding GMAC from bankruptcy.

    http://money.cnn.com/2010/03/11/news/companies/gmac.zombie.fortune/index.htm?sou- rce=cnn_bin&hpt=Sbin
  • dtownfbdtownfb Posts: 2,918
    I can't wait to read your posts after Chrysler fails later this year :shades: (IMHO)
  • kernickkernick Posts: 4,072
    Well if Chrysler could drag down Mercedes, I'm sure they'll have no trouble dragging down Fiat; if the U.S. government withdraws the mammary. :D
  • steverstever Posts: 52,683
    "Chrysler Group LLC reported its first quarterly net profit since the company emerged from Chapter 11 bankruptcy two years ago and became part of Italian automaker Fiat. "Chrysler Group's improved sales and financial performance in the first quarter show that our rejuvenated product lineup is gaining momentum in the marketplace and resonating with customers," said Chrysler/Fiat CEO Sergio Marchionne (left) in a statement Monday."

    Chrysler Making Money (AutoObserver)
  • hpmctorquehpmctorque Posts: 4,600
    That's encouraging, but I think we'll have to wait until the next generation of Chrysler's mid-size cars, the Chrysler 200 and Dodge Avenger, are reveived to know whether the company will stick around for the long term. I expect that those models, which will be based on Fiat platforms, will be renamed. Who knows, maybe people will be bored with Camrys and Accords by then (end of 2012?), and will be ready to try somthing different.
  • hpmctorquehpmctorque Posts: 4,600
    edited May 2011
    While I believe that replacing the Chrysler 200 and Dodge Avenger with new models that are truly competitive with Accord, Camry, Sonata, Malibu and Fusion is essential to Chrysler's long term-prospects in North America, I think that Fiat-Chrysler's biggest long-term opportunity rests with its Jeep brand. Jeep has world-wide recognition, yet its potential market share outside North America is far greater than its current sales. Plans call for a diesel powered Wrangler for Europe, with stop-start, to make fuel economy more acceptable to Europeans. Next, a smaller Wrangler, built on a Fiat platform, in Mexico, will be introduced in Europe, and North and Latin America. That smaller SUV could significantly increase Jeep sales worldwide, especially if sales are eventually expanded to Asia and Africa.
  • steverstever Posts: 52,683
    edited May 2011
    True, people love their Jeeps even with all the problems. Wonder if a little Suzuki Samurai clone subcompact Jeep with high mpg would sell? Could even make it FWD. Good idea, base it off the 500 and get people into the brand, and then upsell them Grand Cherokees in a few years. Sergio needs to call you. :)
  • motorcity6motorcity6 Posts: 427
    $19,000 for another "Fix it again, Tony", 101hp, and blows the doors off of a Smart Fortwo..Our tax dollars got us some more junk...7 air bags, so it blows up when it hits another object???

    Gas mileage-38mpg, 0-60 couple hours, and 1/4 mile, sometime in the future..

    Reference a recent road test in C&D...Kinda funny, hell, the Italians were running around in these mouse traps back when I was cruising the Autobans during 1957-1959 in my Porsche 1600Super..Porsche has come a long way, however Fiat dropped the ball, and now we are picking up the fare$$$..

    There is a new Fiat dealer in Sarasota, Fl...Hooray!!!!! I wonder if the 500 takes a siesta every afternoon...
  • amersportamersport Posts: 1
    These comments appear more grounded in racism, than truly thoughtful (and accurate) statements about the new auto on American door steps. 'America' will likely make money off of this deal as they already did with GM. The Fiat 500 will have the opportunity to capitalize on Americans thirsty habits for roadways at an affordable price. The fact remains that the car is well times for our mini-Depression era that could last for years to come, and the ever increasing price of oil. The 500 has already been tested in Europe for a few years so reliability, a valid concern, should be excellent. My money is on Fiat given the "new normal" of economics that won't change soon. Demand for small inexpensive cars will far surpass those of elite lines. Mini is shaking in their boots over lost market share to the new 500. As they should. Their reliability is consistently at the bottom. Fiat, with a fresh new look and significantly lower price is where my bet for success would go in today's 'new normal'.
  • gagricegagrice San DiegoPosts: 31,134
    edited May 2011
    So tell US, why is FIAT opening their own franchises instead of adding it to the Chrysler dealers. Makes No sense whatsoever.

    Just for the Record we are a LONG ways from getting back the Billions we gave GM. I do not expect to ever see anything from the new Fiat/Chrysler venture. You must have heard the politicos claiming how great GM was doing and how they were paying US back.

    GM still owes $45.3 billion to the U.S. and $8.1 billion to Canada, money it received in exchange for large stakes in the company. The U.S. government now owns 61 percent of the company and Canada owns roughly 12 percent. GM plans to repay both with a public stock offering, perhaps later this year.

    http://www.cbsnews.com/stories/2010/04/21/business/main6417161.shtml#ixzz1NVH1cz- - Lv

    WASHINGTON (AP) - The Treasury Department says it has received $11.7 billion from the sale of 358.5 million shares of General Motors stock.


    If my calculator is working correctly that leaves $41.7 BILLION still owed to the US tax payers. Don't forget the $4 billion we gave GM to develop the Volt. I know just chump change. GM sold 1703 Volt cars as of the end of April. Cost to US tax payer about $2.4 million each.
  • steverstever Posts: 52,683
    edited May 2011
    You know this is a Chrysler discussion and this has been all over the news "Chrysler Repays $7.6 Billion Debt Six Years Early". (Straightline)

    Can't say I know why they are going with new Fiat dealers unless they think it'll help the brand. They already had a go at cutting underperforming Chrysler dealers via the bankruptcy.
  • gagricegagrice San DiegoPosts: 31,134
    That looks good for Chrysler. Will they get their act together so they can sell more cars and less gas guzzling trucks. That has to cost them in CAFE fines. I still don't understand why the Chrysler dealers are not selling the 500. We have none in San Diego county
  • steverstever Posts: 52,683
    Higher demand for the SUVs is what I hear. And that's what's saved their bacon.

    "Chrysler has certainly made progress from last year’s first quarter,” noted Edmunds.com Analyst Ivan Drury. “Sales are up 22.5 percent, and brand awareness is up. Many redesigned vehicles are in Chrysler showrooms and incentives are down.” However, Drury pointed out that Chrysler still depends heavily on the sale of very large cars and trucks. “This could hinder its progress in the upcoming months as fuel costs escalate," he said."

    Chrysler Making Money (AutoObserver)
  • gagricegagrice San DiegoPosts: 31,134
    It all points to Chrysler needing a good small car to sell. Very strange marketing.
  • steverstever Posts: 52,683
    edited May 2011
    All sorts of theories out there in briefly skimming the net.

    Sergio wants the ~600 Fiat dealers to have the same cachet as MINIs (didn't see the number of how many MINI dealers there are).

    He wants new facilities with an Italian flavor (to ultimately sell six different models, at least in the first 3 or 4 years).

    He wants to get Fiat established and then dump Chrysler (I don't think so - not the way that Jeep is selling).

    Interesting rumor is that Chrysler dealers who agree to build new Fiat dealerships will get to sell Alfa Romeos in the Chrysler showroom.

    The San Diego Fiat dealership was awarded to someone by the name of Joe C. Gardon.
  • hpmctorquehpmctorque Posts: 4,600
    Correction: The U.S. government and taxpayers lost a pile of money on GM. The government would have had to sell its GM stock at 51 to break even, but sold the majority at about 33.

    I agree with the other points you made.
  • steverstever Posts: 52,683
    edited May 2011
    Guess everyone saw this coming.

    "Italy's Fiat SpA said on Friday it plans to exercise its option in the next 10 days to buy the U.S. Treasury's 6% stake in Chrysler Group LLC, giving it majority control of the Auburn Hills, Mich., auto maker."

    Fiat Would Acquire Majority Control of Chrysler in Days (WSJ)

    Gonna be some out of work managers soon.
  • gagricegagrice San DiegoPosts: 31,134
    Fiat needs to be careful. Those running Chrysler right now, seem to have a good grip on what sells. I think if they want to put forth an Italian flavor to selling their cars, they should just give a years supply of Pizza with each new 500 they sell. And put them in every Chrysler dealership. The idea of being like Mini is not a good plan. I know a lady here that did not replace her Mini when the engine went out at 175k miles because the dealer is too far away. She bought a Scion xD. Which she says is ok just not as much fun as the Mini. They wanted $7k to rebuild the engine. She did not think the car was worth that much with that many miles on it. She was tired of driving 50 miles for service which she could only get at the dealership.
  • nippononlynippononly SF Bay AreaPosts: 12,726
    edited May 2011
    That's the problem! there is a big Chrysler dealer not 15 miles from me, but did they get a Fiat franchise? Nope, probably because they weren't willing to meet the condition of ponying up to build a stand-alone Fiat showroom.

    So for service I would have to go 40 miles each way to the nearest suburban dealer, or go to downtown SF, which is less than half the distance but would probably actually take longer to reach because the suburban dealer is all-freeway to get to.

    Either way, too far to go. And the same applies to Mini for me too - the dealers in both places are almost next door to each other, even though I have both BMW and Chrysler dealers much closer to me than either.

    2014 Mini Cooper (stick shift of course), 2016 Camry hybrid, 2009 Outback Sport 5-spd (keeping the stick alive)

  • gagricegagrice San DiegoPosts: 31,134
  • iluvmysephia1iluvmysephia1 Manson, WAPosts: 7,085
    edited June 2011
    yo, is the Dodge Hornet totally toast, or is there some dark corner of the world where someone is looking at pictures of this car and wondering, what could have been? What might have been?

    image
    Dodge Hornet

    Dodge was working with China's Chery Motors long ago and far away on it and everything just went...poof!

    Is this the new Dodge Caliber based on the Alfa Romeo Giulietta? Or will Seattle once again be a haven for NBA basketball? Will the Oklahoma City Thunder fail to make the playoffs next year, too? So many questions with so few available answers.

    2011 Kia Soul Sport 5-speed

  • robr2robr2 BostonPosts: 8,862
    Google Dodge Hornet Spy Shots and you'll see some recent photos of an Alfa Giulietta being tested in the US that may become the Hornet.
  • gagricegagrice San DiegoPosts: 31,134
    You're right. I like Iluv's Hornet better than the Alfa G knock-off.

    image
  • kyfdxkyfdx Posts: 66,708
    I think I'll take the Alfa... :)

    MODERATOR

    Prices Paid, Lease Questions, SUVs

  • halsworthyhalsworthy Posts: 12
    image Alfa Romeo Giulietta

    Me too, I'd take the Alfa any day of the week :D :blush:
  • robr2robr2 BostonPosts: 8,862
    I think the plan is to offer us both. The Alfa will be sold under that brand at a mid 30 price point and the Hornet at a better price point.
Sign In or Register to comment.