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Chrysler: "We're now breaking even, and our cash on-hand is up $1 billion. But please continue to bail us out, kthnksbye."



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diminutive Japanese office worker
2009-11-04 04:07:44 PM


Are they also going to bring over the Fiat 500 Abarth?

 
spacechicken170am
2009-11-04 04:13:24 PM


Are they going to put a diesel in the wrangler?

 
Kar98
2009-11-04 04:18:37 PM


spacechicken170am: Are they going to put a diesel in the wrangler?

Latest update from The Detroit News Coverage:

"11 new, refreshed vehicles by 2014

There will be 11 new or refreshed vehicles by 2014, said Ralph Gilles who heads design and the Dodge Car brand.

First up are improvements to the Dodge Caravan minivan, Dodge Avenger sedan and Dodge Journey crossover. The upgrades are to the exterior look, as well as the quality of the interior and new, quieter engines.

A new Dodge Charger is coming next year, as well as a seven-passenger crossover to replace the Durango.

The Dodge Caliber hatchback eventually will be replaced by a compact sedan, harkening to the days when the Neon filled that niche. And a new D-size sedan will replace the Dodge Avenger.

The subcompact or B-segment Dodge Hornet concept hatchback will make it into production.

A replacement for the Dodge Nitro will boast styling closer to the original Nitro concept, as opposed to the production Nitro that was watered down and not sold well.

Chrysler will introduce a hybrid version of the Dodge Ram in 2011 and put a test fleet of plug-in minivans and Rams on the road.

Also, a Jeep Wrangler with a diesel engine and a start/stop system that saves fuel when the engine turns off while the Jeep is in idle, is due by the end of 2011."

 
Kanemano
2009-11-04 04:32:31 PM


So Ford had almost a bil in profit, Chrysler beaks even and raises a bil in reserves and GM is doing so well that it doesn't have to sell Opel after all.

Should have let them all fail. we could always use 70,000 more ditch diggers.

 
Antimatter
2009-11-04 04:34:30 PM


Kanemano: So Ford had almost a bil in profit, Chrysler beaks even and raises a bil in reserves and GM is doing so well that it doesn't have to sell Opel after all.

Should have let them all fail. we could always use 70,000 more ditch diggers.


We didn't bail out Ford.

For that reason alone, I respect the company still. they manned up, and managed their way out of trouble.

 
FlyingJellyAttackConfectionary
2009-11-04 04:40:07 PM


www.history.stir.ac.uk

5 year plan eh?

/kidding, I love Fiat
//Bring on the Abarth damnit!

 
relcec
2009-11-04 04:40:14 PM


if this is true, then perhaps the gov shouldn't have bailed out Chrysler with many billions of dollars just to give away the solvent Chrysler to the Italians for absolutely nothing.

 
aiiee
2009-11-04 04:55:29 PM


I never understood why Chrysler needed a bailout, aren't they owned by a venture capital firm?

 
Anavrinman
2009-11-04 04:55:37 PM


Antimatter:
We didn't bail out Ford.

For that reason alone, I respect the company still. they manned up, and managed their way out of trouble.


They still lobbied heavily to get bailouts for the other crooked ass car companies. They count as criminals in my book.

 
ragekage
2009-11-04 05:01:57 PM


Anavrinman: Antimatter:
We didn't bail out Ford.

For that reason alone, I respect the company still. they manned up, and managed their way out of trouble.

They still lobbied heavily to get bailouts for the other crooked ass car companies. They count as criminals in my book.


And they've been "bailed out" in the past.

 
TeddyRooseveltsMustache
2009-11-04 05:03:06 PM


Chrysler, just give me a Fiat 500 Abarth, and we're square.

 
MrSteve007
2009-11-04 05:46:00 PM


aiiee: I never understood why Chrysler needed a bailout, aren't they owned by a venture capital firm?

Yep

upload.wikimedia.org

Wiki Link (new window)

 
madmann
2009-11-04 05:48:58 PM


aiiee: I never understood why Chrysler needed a bailout, aren't they owned by a venture capital firm?

Two words: Dan Quayle.

Oh, and Chrysler?

/Lumbergh voice on

I'm gonna need you to go ahead and lick on my ballsack, okay?

/Lumbergh voice off.

 
iroll
2009-11-04 05:52:08 PM


MrSteve007: aiiee: I never understood why Chrysler needed a bailout, aren't they owned by a venture capital firm?

Yep

Wiki Link (new window)


Not any more they aren't:

On March 30, 2009, it was announced that Cerberus Capital Management will lose its equity stake and ownership in Chrysler as a condition of the Treasury Department's bailout deal, but Cerberus will maintain a controlling stake in Chrysler's financing arm, Chrysler Financial.

 
Lt. Cheese Weasel
2009-11-04 06:09:03 PM


Hahahaha, when the Fiat product of mini minis hit the US market, Chrysler will drop like cheerleader panties at homecoming.

 
jpx72x
2009-11-04 06:48:41 PM


And in tomorrow's news, the UAW threatens to strike unless those evil capitalists give them 95% of it.

 
mavrickatubc
2009-11-04 06:52:50 PM


Do you have ANY idea how much money they borrowed? Their exposure is MASSIVE, like US-government debt epic massive... they need to have something like 10 NET profitable years before they even come close to a healthy balance-sheet...

Sigh... The worst part of the recession is that everyone thinks they can be CEO of GM. Actually, that's the worst part about MBAs too. Not that there's anything good about MBAs.

 
caknuck
2009-11-04 07:21:52 PM


www.dictatorofthemonth.com

5 year plan? Amateurs. What Chrysler needs is a Great Leap Forward.

 
eagles95
2009-11-04 07:42:24 PM


jpx72x: And in tomorrow's news, the UAW threatens to strike unless those evil capitalists give them 95% of it.



UAW isn't that organized......2 weeks

 
Trey Le Parc
2009-11-04 08:05:02 PM


If not for the stigma of worthlessness, sloth, and contempt for actual productivity, the UAW would be a pretty good organization to belong to...no work, great pay, awesome benefits, no work, inferior products, perpetual government handouts, no work, scheduled job actions, endless intransigence during negotiations, a cheerful disregard for reality as long as the union "gets theirs", no work, no work, no work, no work...

 
aiiee
2009-11-04 08:14:41 PM


iroll: MrSteve007: aiiee: I never understood why Chrysler needed a bailout, aren't they owned by a venture capital firm?

Yep

Wiki Link (new window)

Not any more they aren't:

On March 30, 2009, it was announced that Cerberus Capital Management will lose its equity stake and ownership in Chrysler as a condition of the Treasury Department's bailout deal, but Cerberus will maintain a controlling stake in Chrysler's financing arm, Chrysler Financial.


Can I haz a revolution now? If ever there needed to be further proof that the Government is sucking the nuts of the rich in the US this is it. Not that it was needed Barack, really it wasn't.

 
winterwhile
2009-11-04 08:21:30 PM


geeee, can we finally let Gov Motors and Crysler go under

its way past their time

 
jpx72x
2009-11-04 08:25:12 PM


aiiee: iroll: MrSteve007: aiiee: I never understood why Chrysler needed a bailout, aren't they owned by a venture capital firm?

Yep

Wiki Link (new window)

Not any more they aren't:

On March 30, 2009, it was announced that Cerberus Capital Management will lose its equity stake and ownership in Chrysler as a condition of the Treasury Department's bailout deal, but Cerberus will maintain a controlling stake in Chrysler's financing arm, Chrysler Financial.

Can I haz a revolution now? If ever there needed to be further proof that the Government is sucking the nuts of the rich in the US this is it. Not that it was needed Barack, really it wasn't.


Can I haz reading comprehension? Cerberus took a bath on this one. It lost a ton of money, got little return, and in exchange for Chrysler Financial, Cerberus gets to give Chrysler the first $2B in proceeds. The only people who made out on this one are UAW pensioners.

 
mergentr
2009-11-04 09:59:07 PM


Oh good, now they can pay back all those bond and stock holders who got farked by the "bankruptcy."

 
Harry_Seldon
2009-11-04 10:01:39 PM


I happen to like my 2002 Sebring LXI. It was a reasonably priced comfy car with a nice leather trim package. I had some issues with it for a while, but I really can't blame Chrysler for the pair of mice who decided that living in my engine compartment would be a good idea.

 
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