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Posted
- February 16 2007 : 11:19a
I saw that rumor going around the last couple of days. I was going to submit it to the blog, but the WSJ (and other sources) seem to disagree. GM doesn't have the cash position to buy up a lagging brand with excess inventory and plant capacity.
The MSNBC story didn't seem to offer much insight, this whole rumor appears to originate from a poorly translated German magazine blurb.
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Posted
- February 16 2007 : 11:28a
Quote:
Originally posted by Petrol
so the Germans have had enough and are ready to cash out the equaty they built?
What equity? Chrysler has been a lagging brand and poor product for 2 decades now. They got bailed out in the early 80's, and have never really had a solid shot at being viable and self-sustaining.
No offense to the Hemi-lovers, but when I lived in Detroit, I had friends that worked for Chrysler that wouldn't even drive their vehicles.
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Posted
- February 16 2007 : 7:36p
I saw this on the news yesterday morning. I wanted to make it my first blog, but I couldn't find anything to substantiate it.
Chrysler, with all their hype with the 300 and Charger, is a money loser, plain and simple. They haven't been in the news as much as Ford and GM, but they're still losing money.
Chrysler has been in the dumps for more then 30 years....
Back in '73 seems that Chrysler got burned by the oil embargo worse then any of the other "Big 3" I remember seeing news stories about Chrysler using open Fields and Stadium parking lots to store overstock of their cars....Rows and Rows of them....
Chrysler was also the 1st of the Big 3 to get in bed with the Japanese Automakers which I think helped them for a while.
Also who can forget the "K" car!!!!
I don't see any of the Big 3 merging w/ each other....It would not slove anything and just create a bigger mess....
GM in Talks to Buy Chrysler
Posted - February 16 2007 : 11:13a
