Of the three major auto manufacturers here...all are having problems. I think that it is probable that Ford and GM will survive...and they may survive because of the demise of Chrysler...
What do you think?
What do you think?
Just a Discussion...Chrysler Survivor or Dead
- Thread starter Prof
- Start date
Hard to say Prof....GM stock is at $10.34 today...52 week low 8.81, high 43.20....................Ford is 2.51 today...52 week low 2.01, high 3.61..
Cant get Chrysler info to compare......Ford stock is not worth much more than the paper it is printed on ...but....it hasnt been as volital as GM over the last 12 months....would lead me to think that GM is in trouble of collapsing ?:dontknow:
I believe that those who have the capital to stay afloat till the economy turns around will stay with us..
Cant get Chrysler info to compare......Ford stock is not worth much more than the paper it is printed on ...but....it hasnt been as volital as GM over the last 12 months....would lead me to think that GM is in trouble of collapsing ?:dontknow:
I believe that those who have the capital to stay afloat till the economy turns around will stay with us..
Chrysler are doing OK, keep the faith. 
I did hear a rumor maybe 1-2 years ago that if Chrysler were going to close that GM would buy them out or look at a merge. Not sure if this is true.
I did hear a rumor maybe 1-2 years ago that if Chrysler were going to close that GM would buy them out or look at a merge. Not sure if this is true.
Fuel prices and the US economy will play a major part in the future success of Chrysler.
No matter how good the new RAM 1/2 ton and Challenger are, they were left with a really bad hand to deal with.
The interiors of the '08's are not the most desirable in comparison to their competitors and have spent a lot of money upgrading them for the 09/10 model years.
Chrysler loses $431 million
http://chryslercorporationllc.blogspot.com/2008/07/chrysler-loses-431-million.html
Chrysler unveils more aggressive incentives
http://chryslercorporationllc.blogspot.com/2008/07/chrysler-unveils-more-aggressive.html
Wil
No matter how good the new RAM 1/2 ton and Challenger are, they were left with a really bad hand to deal with.
The interiors of the '08's are not the most desirable in comparison to their competitors and have spent a lot of money upgrading them for the 09/10 model years.
Chrysler loses $431 million
http://chryslercorporationllc.blogspot.com/2008/07/chrysler-loses-431-million.html
Chrysler unveils more aggressive incentives
http://chryslercorporationllc.blogspot.com/2008/07/chrysler-unveils-more-aggressive.html
Wil
76574srt10
Full Access Member
sounds like both Ford and GM are a buy.
I don't see how Ford or GM could afford to do anything other than divest...I understand that over 50% of GM revenue is from its financial division. Financing is in the tank...big vehicles in the tank...trouble ahead for the motors arena...
S&P may remove Chrysler from CreditWatch listRatings firm Standard & Poor’s says it is likely it will remove Chrysler from its CreditWatch Negative list.
Robert Schulz, a senior analyst at the New York-based company, said the move would come as soon as analysts determine the $24 billion in renewed funding is adequate to meet the automaker’s needs. Chrysler fell 20 percent short of its goal of renewing its entire $30 billion package.
“We weren't necessarily expecting that they would get the full $30 billion because of the credit markets,” said Schulz. , senior credit analyst at Standard & Poor's in New York, which cut Chrysler's rating to B- from B last week. “With lower sales, the balance sheets just don't have to be as big.”
S&P lowered Chrysler’s credit rating to B- from B last week. At the same time it lowered the ratings for General Motors and Ford to the same level. GM and Ford have already been removed from the CreditWatch list.
Chrysler says the funding is adequate to meet its needs, especially as it no longer needs to fund leases. Chrysler Financial spokesman Bill Porter also noted the company has a $70 billion portfolio so the renewed lines represent only a portion of potential financing sources.
http://www.allpar.com/news/index.php?action=fullnews&id=1545
Robert Schulz, a senior analyst at the New York-based company, said the move would come as soon as analysts determine the $24 billion in renewed funding is adequate to meet the automaker’s needs. Chrysler fell 20 percent short of its goal of renewing its entire $30 billion package.
“We weren't necessarily expecting that they would get the full $30 billion because of the credit markets,” said Schulz. , senior credit analyst at Standard & Poor's in New York, which cut Chrysler's rating to B- from B last week. “With lower sales, the balance sheets just don't have to be as big.”
S&P lowered Chrysler’s credit rating to B- from B last week. At the same time it lowered the ratings for General Motors and Ford to the same level. GM and Ford have already been removed from the CreditWatch list.
Chrysler says the funding is adequate to meet its needs, especially as it no longer needs to fund leases. Chrysler Financial spokesman Bill Porter also noted the company has a $70 billion portfolio so the renewed lines represent only a portion of potential financing sources.
http://www.allpar.com/news/index.php?action=fullnews&id=1545
ARRESTmeRed04
Active Member
i don't really think any of them will go under yeah they all lost money but i think another company may buy them out for cheap instead of anyone totally shutting down, i remember hearing that honda was the only car company to post a profit in 2007??
TheSickness
Full Access Member
Maybe they can all band together and sell more real estate to middle eastern intrests The absolute shame of it all.....It's a disgrace Selling off chunks of America to the highest bidder.....For that reason alone I am buying a Prius
The absolute shame of it all.....It's a disgrace Selling off chunks of America to the highest bidder.....For that reason alone I am buying a Prius SilvrSRT10
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I was wondering if the day will come that a new American vehicle will no longer be available to purchase. Gone the way of many other products that use to be made in the USA. I hope it never happens. But I'm sure that Zenith and Curtis Mathis thought they'd be making televisions in the US forever too.
I have a Prius and am thinking about buying a second.
TREKER
Full Access Member
Just heard on news that Nissan will be aquiring Chrysler and no longer do the manufacturing. Nissan will make cars for Chrysler starting with mid-size models. Will take a few years but Chrysler to no longer manufacture vehicles. US is screwed.
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Chrysler is in a huge dispute with Dana Holding Corp. the company that supplies Chrysler with most of its parts. Dana wants out of the contract and has petitioned the courts to do so...Chrysler may lose its relationship with Dana if they continue in business as an independent company or as an acquired entity.
this time it is tough and the NA big three will never recover, who knows what will happen but the employees and suppliers will get screwed, I would not invest in any of the big three-it is really bad and nobody seems to care!
When that democrat is elected he will fix everything!
When that democrat is elected he will fix everything!
It's just not the big three anymore....
Industry in trouble when Toyota writes down leases
http://www.autoblog.com/2008/08/07/industry-in-trouble-when-toyota-writes-down-leases/
Industry in trouble when Toyota writes down leases
http://www.autoblog.com/2008/08/07/industry-in-trouble-when-toyota-writes-down-leases/
I doubt that the election will impact the auto industry. I wish it would, but I have my doubts. The industry has been so arrogant for so long...they have continued to be financially driven industries rather than market based. For generations, our American auto makers have felt that they knew what the consumer should have...rather than filling the consumer needs and wants.
The truth of the matter is that our government will end up bailing out the major manufacturers and increasing the national debt that our grandchildren will carry as a burden all their lives.
The truth of the matter is that our government will end up bailing out the major manufacturers and increasing the national debt that our grandchildren will carry as a burden all their lives.
ChrisAZ
Full Access Member
I think they will all survive but I also think they will not survive as the same entities they are today. I expect they will go through massive turmoil, downsize, and end up in the hands of foreign control for pennies on the dollar. Once in foreign control, they will prosper again. This country as a whole needs to downsize. Our government is bloated and so are all the publicly traded companies. The stock market breeds mediocrity. Publicly traded companies have money to burn and their performance is not a factor as it should be. A privately held company could never fail as miserably as a publucly traded company. The cash just keeps flowing to publicly traded companies and they just keep pissing it away. It's all a false reality. The government and publicly traded companies are one in the same in that neither actually perform financially. My company is miles ahead of our publicly traded competitor's. They are all poor performers yet they make billions because they are public. Bottom line; It's all Bull$h!t and it's time to pay the piper for past and present failure.
Because Chrysler is privately held, they are probably in much deeper $h!t than the rest. They will likely be sold again soon and this time to a foreign entity for pennies on the dollar.
Because Chrysler is privately held, they are probably in much deeper $h!t than the rest. They will likely be sold again soon and this time to a foreign entity for pennies on the dollar.
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MG42pillbox
Full Access Member
We are on opposing sides again Prof. (When are we gonna work this out)
Chrysler is doing much better than Ford or GM, Chrysler smaller size has been a huge benefit in these last few years. GM cant afford to come out with the Chevy LX copy AKA “Camaro”, Ford sells nothing but trucks and stangs. Lincolns sit on lots longer than Viper trucks, you can give away a Buick. Furthermore, for the first time in history all of the “big “3 are almost tied in truck sales !!Year to date!! where Chrysler had always been a distant 3rd… Nope, Mopar is very strong compared to the big brothers, so strong Nissan wants Chrysler platform for trucks and RWD cars.
But this is just my biased Chrysler raised, (certified ass hole) point of view.
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ohhh ohhh ohh!!! Did you hear Toyota laid off 900 employees @ Lexus?!
Chrysler is doing much better than Ford or GM, Chrysler smaller size has been a huge benefit in these last few years. GM cant afford to come out with the Chevy LX copy AKA “Camaro”, Ford sells nothing but trucks and stangs. Lincolns sit on lots longer than Viper trucks, you can give away a Buick. Furthermore, for the first time in history all of the “big “3 are almost tied in truck sales !!Year to date!! where Chrysler had always been a distant 3rd… Nope, Mopar is very strong compared to the big brothers, so strong Nissan wants Chrysler platform for trucks and RWD cars.
But this is just my biased Chrysler raised, (certified ass hole) point of view.
edit)
ohhh ohhh ohh!!! Did you hear Toyota laid off 900 employees @ Lexus?!
MG42pillbox said:
Prove it? Daimler milked them dry and then sold what was left. They have a limited cash flow and a large basis of their sales were based on trucks and large heavy cars. Jeep sales have plummeted since the high gas prices also.
Chrysler can not wait until the '09 RAM comes available but most dealers are scared to order due to the high volume of '08 RAM's sitting on the lot. I dropped by a local Chrysler dealer last week and they had a $35000 MSRP truck on sale for $22900 and they are still sittting. These don't include the models with more options and they weren't much more.
What benefit's Chrysler with the smaller size is the ability to adapt in comparison to the larger manufacturers.
I am a loyal supporter of Chrysler too, but I don't need to open my eyes to what is happening. All vehicle manufacturers will have to adapt in order to survive.
Wil
sounds like a buyers market. these gas prices are causing most folks who trade often to keep them a little longer. my dad just traded a 06 duramax on a escalade they gave him 21k fr it
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