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The Progression of Chrysler
After the bankruptcy, came Fiat. In the third quarter of 2101, Sales and market share are up. What's ahead in this decade?
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"Chrysler, which today painted a vastly different financial picture from a year ago when it was just emerging from Chapter 11 bankruptcy, has demonstrated improvement in nearly every metric measured by Edmunds.com, parent of AutoObserver.com.
Sales and market share are up; incentives are down, allowing Chrysler to get a higher price for its vehicles; and inventories are in line with sales and, in fact, are tight."
Chrysler Demonstrates Solid Progress, Edmunds.com Data Shows
"Chrysler's third-quarter results released this morning show vast improvement in the automaker's financial performance, prompting Fiat, which now runs Chrysler, to up its forecast for the full year.
Chrysler still lost money on a net basis - $84 million in the third quarter - but narrowed the loss from $172 million in the second quarter. Its operating profit, increasing quarter after quarter, rose to $239 million, a $56 million improvement."
Chrysler Narrows Losses, Increases Operating Profit, Ups Forecast (AutoObserver)
2021 Kia Soul LX 6-speed stick
2011 Alfa Romeo Giulietta
2011 Alfa Romeo Giulietta interior-including the metal gearknob
2021 Kia Soul LX 6-speed stick
I may go this route as Alfa Romeo has done a great job on this car and I don't want it screwed up by Dodge. Frankly, I don't trust the manufacturing of this car at Chrysler's Belvidere, IL, plant. I just don't. I may need to buy this in true Alfa Romeo form. A plus of this is that for close attention from a true Alfa Romeo service center I get to drive to Seattle on my time off from work! And see my family over there at the same time. Brilliant idea, iluv!
Here's the Seattle Alfa Romeo dealer ad.
http://www.alfaromeosales.com/research/giulietta/
2021 Kia Soul LX 6-speed stick
Read about that right here, folks.
http://www.alfaromeosales.com/20100501-alfa-romeo-luxury-denim-seattle/
Hey, I found a place in Las Vegas that works on Alfa Romeo's. Cool!
http://www.italianautoservice.com/lasvegasalfaromeo.html
Love ta see the cost of this Alfa Romeo and test drive one to boot
2021 Kia Soul LX 6-speed stick
Me like the 2011 Alfa Romeo Giulietta in white
I'm starting to generate strong feelings for the "buy the 2011 Alfa Romeo Giulietta at a Seattle area dealer" idea. Several questions are generated by this scenario, yes. One being trade-in treatment of our 2008 Mitsubishi Lancer GTS. Another is price of the car I want to buy and another is when will the car hit the Seattle dealer. I have begun the process of contacting the Seattle Alfa Romeo dealer already so, knowing how most new car dealers work, the answers should start coming in very, very soon to me.
2021 Kia Soul LX 6-speed stick
But if you were the second owner, the date the warranty kicked in (for the time computation part of the warranty) would be when it was first titled. If you don't have the original transaction documents, I guess I'm wondering how you know the first title date was 2/2008?
If you have a consumer protection agency where you live, why not grab your documents and see if you can get some advice from them?
And try asking in the Got a Quick Question for a Car Dealer? discussion. We're talking more about the company here, not individual problems, and you may get more help over there.
http://www.alfaromeosales.com/research/giulietta/
Looking to go with the white color...even though white isn't a color :shades:
Pricing will be critical, I have a great trade-in that will provide adequate value for the deal to work out and the salesman indicated that they would love to have my trade-in.
2021 Kia Soul LX 6-speed stick
No Chrysler involvement at all in this, for right now. Funny thing is, this same Auto Group also sells Chrysler products, so they'll be selling the Dodge version of the Giulietta in about a year from now, too.
I have since turned my attention to a Ford product of all things, that being the 2011 Ford Fiesta S 5-speed sedan. I can't get the $13,990 price after $500 Ford cash back to the consumer at purchase thing out of my mind. Plus the fact that the new Fiesta is a great new subcompact. I'm getting myself all flushed with excitement again. For reals. :P
This is the model I want, note the simple grille design, devoid of any chrome, that's one way you can tell it's an S model, the cheapest one
2021 Kia Soul LX 6-speed stick
With the 1,000 engineering hires, Chrysler will have added or announced the addition of 6,000 jobs since its exit from bankruptcy. Its overall total North America employment was 51,663 as of June compared with 47,788 at the end of June 2009. That remains far below the 82,284 Chrysler employed at the end of 2006."
Chrysler to Hire 1,000 Engineers, Others (Wall St. Journal)
Chrysler To Announce Government Payback (AutoObserver)
Fiat has some ace cards though, with Chrysler given the unlikely role as savior with its return to profitability. Recently bankrupt Chrysler could make the difference between life or death for Fiat. The Financial Times of London's Lex column put it this way.
"A valiant soul dives in to save a drowning man only to be pulled under himself. Rarely, the initial victim gets his second wind and rescues the would-be savior. Italy's Fiat finds itself in the latter position. Having been the only global carmaker willing to take a gamble on Chrysler, it is now clinging to it," said Lex."
As Fiat struggles in Italy's financial storm, Chrysler makes the difference (Detroit News)
Chrysler Furloughs Workers As Fiat 500 Inventory Climbs (AutoObserver)
Ahhh... but individual problems like Karynr's are exactly why the "Company" of Chrysler has been bailed out twice from bankruptcy.
It had nothing to do with Daimler or the economy, and everything to do with the way Chrysler treats customers (and what they sell them).
Being that FIAT stands for FIX IT AGAIN TONY (Tony being a car mechanic), I think your doubts are well warranted.
With the 1,000 engineering hires,
How many of those thousand engineers will be former proven failures for engineers from Ford (back when they sucked), GM (bankruptcy) or even former Chrysler workers? Poor excuse for engineers unless they are completely new blood.
Payback should be directly to the American people, no need to give thanks. They can show their gratitude by putting a new Viper in everyone's driveway. Otherwise, spare me.
Chrysler was paying an over double digit interest rate to the US and Canadian governments which cost them $1.2 billion in 2010. Not a bad return to the government on $7.5 billion in loans. That's 16%!!
Chrysler paid the money back earlier this year.
http://online.wsj.com/article/SB10001424052702304520804576341363763683294.html
However, on principle alone, I'd of never loaned Chrysler any money as it is always a bad idea to help a bad company with bad people in it.
IMHO, not bailing out GM and Chrysler could have led to an even greater economic downturn than we experienced. We can only hope that moving forward, these two companies work better.
Nice.
Chrysler seems to be making the hugest potential jump in brand equity.
Chrysler, Fiat CEO confirms Maserati SUV production for Detroit (chicagotribune.com)
2014 Maserati Kubang Makes U.S. Debut: 2012 Detroit Auto Show (Inside Line)
Edmunds.com Auto Sales Forecast: Analysts See Chrysler up 35 Percent (chron.com)
Sales for the Dodge brand advanced 29% while sales for the Jeep brand gained 37%. The namesake line's sales increased 81%.
Chrysler finished the month with an 83-day supply of inventory."
January U.S. Auto Sales Jump (WSJ)
Marchionne said recently that much of Chrysler's growth in 2012 will come from expanding Jeep's overseas sales in markets where its name is already well known."
Fiat to build Jeeps in Russian factories (detroitnews.com)
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Chrysler posts $473 million profit in Q1a (detroitnews.com)
Chrysler, minivan heavyweight for 29 years, mulls next act (autonews.com)
Chrysler Debuts No Payments for 90 Days (Inside Line)
Chrysler keeps Dodge Caravan; production of Town & Country to end (Detroit News)
(The WSJ reports this week that minivans are back and sales are up, so maybe the T&C will get reconsidered).
Chrysler sales up 12% in September (Detroit Free Press)
Fiat owns 58.5% of Chrysler and is trying to buy an additional 3.3% of Chrysler's shares from the trust, which manages health care for union retirees."
Fiat's weak sales, credit downgrade complicate plan to increase Chrysler stake (Detroit Free Press)
Through September, U.S. sales of the Grand Cherokee are up 30.1% from a year earlier to 112,075."
Chrysler to add 1,100 workers at Detroit plant to make SUVs (Detroit Free Press)
Since emerging from bankruptcy in 2009, Chrysler has not only returned to solid profitability, but also announced investments of more than $4.5 billion in the United States and Canada, repaid its government loans in full with interest six years ahead of schedule and launched 18 new or refreshed cars and trucks.
Fiat currently owns 58.5 percent of Chrysler and is trying to purchase another 3.3 percent of the company from its other owner, an hourly retiree health care trust run by the United Auto Workers."
Chrysler 3Q net profit up 80% to $381M (Detroit News)
Chrysler to invest $250M, add 1,250 jobs at three Michigan plants (Detroit News)