Sad news about Chrysler...

Paul56 · Post by **Paul56** » Fri Apr 24, 2009 8:59 am

The latest from a Canadian perspective on this story:

http://www.cbc.ca/canada/story/2009/04/ ... -debt.html

Passt · Post by **Passt** » Fri Apr 24, 2009 11:45 am

MyNeonSaysHi wrote:I see a ton of new 4 door cobalts on the road. Taht resemble the neon almost identically from the rear.

Vulcan copy cats.

The Caliber replaced the Neon. I agree it is a different class though. But what class is it in is the question. the "WTFisit class"

"Fugly class"

Paul56 · Post by **Paul56** » Fri Apr 24, 2009 2:23 pm

I would not consider the Caliber and replacement for the Neon.

How in hell did the Neon evolve from a very aerodynamic shape into a washing machine on wheels?

Granted, the Caliber has more room and is easier to get into... but still.

NickKo · Post by **NickKo** » Fri Apr 24, 2009 2:24 pm

* POSSIBLE GOOD NEWS update ??? *

http://www.thestar.com/Business/article/623886

We need a "prayer" emoticon or something......

- Nick

heyitsstock · Post by **heyitsstock** » Fri Apr 24, 2009 2:47 pm

FYI

do not know if this was brought up

but if a car company does indeed go bankrupt they have to continue making oem parts for 7-10 years

BlackRoseRacing · Post by **BlackRoseRacing** » Sun Apr 26, 2009 9:20 am

I hear bits and pieces of the story from my regional when he pops in.Most of which by the time I hear it from him, its already posted on the internet.As for the whole caliber/neon thing...The Caliber was brought to the market AS the neon replacement.
Also note the PT cruiser ends in 2010 and the "All New Neon" is coming back....

NOT, the neon is dead............

NickKo · Post by **NickKo** » Sun Apr 26, 2009 10:38 am

BlackRoseRacing wrote:...and the "All New Neon" is coming back....

NOT, the neon is dead............

Here is a review on the Fiat 500...... it actually sounds like it would be a blast to drive.
Now THIS I could consider, a "Neon replacement".

http://www.motortrend.com/roadtests/cou ... index.html

- Nick

Midnight_Rider · Post by **Midnight_Rider** » Tue Apr 28, 2009 11:09 am

allpar.com wrote:April 27th, 2009- German automaker Daimler AG has agreed to give Cerberus Capital Management its 19.9 percent share of Chrysler LLC and write off a $1.5 billion loan, helping the Detroit automaker to clear way for the Detroit automaker’s proposed alliance with Fiat SpA and avoid bankruptcy.

Daimler today signed a term sheet with Cerberus Capital Management and the U.S. Pernsion Benefit Guaranty Corp. The agreement ends the DaimlerChrysler era, which left Chrysler in a shambles, followed by Cerberus’s acquisition, which burdened Chrysler with billions of dollars in debt.

Under the deal, Cerberus and Chrysler will waive all claims against Daimler and Chrysler will make three annual payments of $200 million each into the company’s pension plans, beginning on Thursday, April 30 and on the same date in 2010 and 2011. Daimler, which had already written the value of its stake down to zero, will take an expense of $700 million against pre-tax earnings in the second quarter.

In a statement, Daimler said:

“Daimler’s remaining 19.9 percent shareholding in Chrysler will be redeemed, and Daimler will forgive repayment of the loans extended to Chrysler, which were already written off in the 2008 financial statement.”

The Daimler statement also said, “Following the transfer of the term sheet into the final definitive agreements, the relationship between Daimler and Chrysler will solely consist of dealer-supplier-customer relations including limited support for certain dealer financing until the end of September 2009.”

Hurray, no more Daimler! Too bad that Chrysler had to die for its freedom.

DoubtedNeon · Post by **DoubtedNeon** » Tue Apr 28, 2009 11:12 am

so wait...whats it called now?

hansken_yo · Post by **hansken_yo** » Tue Apr 28, 2009 12:12 pm

This sounds promising.

http://www.nytimes.com/2009/04/29/busin ... ss&src=igw

Post by **racer12306** » Tue Apr 28, 2009 12:15 pm

ooo, yay. the union will own 55% of Chrysler. such good news

Paul56 · Post by **Paul56** » Tue Apr 28, 2009 1:25 pm

racer12306 wrote:ooo, yay. the union will own 55% of Chrysler. such good news

That is good in that majority ownership returns state-side.

Paul56 · Post by **Paul56** » Wed Apr 29, 2009 3:43 pm

Looks like the deal with Fiat is going through...

http://www.cbc.ca/money/story/2009/04/2 ... -fiat.html

I'm hoping we see Chrysler with more reliable vehicles and a better selection of smaller vehicles that will have some appeal.

Midnight_Rider · Post by **Midnight_Rider** » Thu Apr 30, 2009 1:55 am

^^As long as those vehicles are built in the US and Canada and not captive imports from Italy that say "Dodge" on them.

Paul56 · Post by **Paul56** » Thu Apr 30, 2009 10:08 am

Some miserable Chrysler debtors are not willing to play ball... so Chrysler is going to file for bankruptcy.

The upside is that it will be a short process; however, Chrysler will be merging with Fiat and apparently there will be new management at the top.

It will be interesting to see what new vehicles come out of this. The Fiat vehicles would need to be re-engineered to meet North American safety standards.

What are the odds of a Chrysler designed body matted with re-engineered Fiat chassis & drivetrain that truly is a Neon replacement but badged as something else?

Perhaps greater now than at any other point. <shrug>

DoubtedNeon · Post by **DoubtedNeon** » Thu Apr 30, 2009 10:13 am

oh god. but would we call it 3gn? hm

hansken_yo · Post by **hansken_yo** » Thu Apr 30, 2009 10:19 am

maybe they will go off of something with an older name that has gained a little more respect over time.. .like the comet or duster etc etc.

LilSparkPlug · Post by **LilSparkPlug** » Thu Apr 30, 2009 5:25 pm

Paul56 wrote:Some miserable Chrysler debtors are not willing to play ball... so Chrysler is going to file for bankruptcy.

The upside is that it will be a short process; however, Chrysler will be merging with Fiat and apparently there will be new management at the top.

It will be interesting to see what new vehicles come out of this. The Fiat vehicles would need to be re-engineered to meet North American safety standards.

What are the odds of a Chrysler designed body matted with re-engineered Fiat chassis & drivetrain that truly is a Neon replacement but badged as something else?

Perhaps greater now than at any other point. <shrug>

Truth....but it seems as though alot of good will come out of it. Filing for chapter 11 allows the sale to Fiat to go through in an expedited fashion allowing Chrysler to stay afloat. Business as usual until the deal goes through. They aren't filing for death, just for change.

I'm anxious to see what comes of this.

Ntyvirus1 · Post by **Ntyvirus1** » Thu Apr 30, 2009 6:02 pm

hansken_yo wrote:maybe they will go off of something with an older name that has gained a little more respect over time.. .like the comet or duster etc etc.

that could also backfire ( look at the short run the "new" GTO had)

hansken_yo · Post by **hansken_yo** » Thu Apr 30, 2009 6:18 pm

Ntyvirus1 wrote:
hansken_yo wrote:maybe they will go off of something with an older name that has gained a little more respect over time.. .like the comet or duster etc etc.
that could also backfire ( look at the short run the "new" GTO had)

Its all about marketing... look at how everyone raves about the challenger....

Panhead · Post by **Panhead** » Thu Apr 30, 2009 7:37 pm

i'm glad nardelli (sp) will be out once chrysler is in good shape. for those of you who dont know nardelli (sp) is, he is the one that almost ran home depot to the ground. chrysler dont need people like him.

Ntyvirus1 · Post by **Ntyvirus1** » Thu Apr 30, 2009 7:53 pm

hansken_yo wrote:
Ntyvirus1 wrote:
hansken_yo wrote:maybe they will go off of something with an older name that has gained a little more respect over time.. .like the comet or duster etc etc.
that could also backfire ( look at the short run the "new" GTO had)
Its all about marketing... look at how everyone raves about the challenger....

at the same time look at all the challengers and mad ghettotastic 24's. there should seriously be an interview before buying a car.

grambo · Post by **grambo** » Fri May 01, 2009 2:06 pm

I drive a Fiat.

Sweet.

DoubtedNeon · Post by **DoubtedNeon** » Mon May 04, 2009 9:31 pm

fiat. reminds me of fiaro or fearo or however pontiac spelled that.

Midnight_Rider · Post by **Midnight_Rider** » Tue May 05, 2009 3:23 am

Fiero. And I did like those at the time.