Fiat takes 35 % of Chrysler
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Re: Fiat takes 35 % of Chrysler
Sounds like a good plan for both of them and still leaves the bigger percent with the private group.
Buy American, the job you save just might be your own.
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Re: Fiat takes 35 % of Chrysler
Yes, and those of us that are DODGE fans, and Durango fans, drove my 1998 to New Jersey for Christmas with 288,000 mile's and never missed a lick !!! Sweet Ride
And also I want a VIPER some day ! A yellow One with a black stripe !!!
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And also I want a VIPER some day ! A yellow One with a black stripe !!!
- KYCanuck
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Re: Fiat takes 35 % of Chrysler
It sounds more like an agreement in priciple to allow each other access to their respective markets, unfortunately neither market is doing very good! I think in the long term the sharing of technology and engineering. etc. will benefit Chrysler more than Fiat. I would expect to see a few Chrysler products on the market in the next 5 years that are actually branded Fiat products. Kind of like what Ford did with Mazda.
I have never really liked Fiat a lot, there were a lot of them in Canada in the 60's and 70's but they must be doing something right to have survived so long. I hope they both get some benefit.
I have never really liked Fiat a lot, there were a lot of them in Canada in the 60's and 70's but they must be doing something right to have survived so long. I hope they both get some benefit.
Brrrrr!
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- WaterWings
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Re: Fiat takes 35 % of Chrysler
Uhhhhh am I missing something here????
From the article "There is no cash infusion being provided by Fiat into Chrysler as a part of this deal."
Chrysler is also wanting 3 Billion more bailout dollars ASAP.
Fiat will own 35% of Chrysler.
Isn't this a whole lot like loaning a foreign company (Italy) 1 Billion dollars?
Someone please tell me I'm wrong!
From the WSJ:
But the deal becomes binding only if Chrysler gets $3 billion more in financial help from Washington, said the people familiar with the terms of the agreement.
Rest of article here:
http://online.wsj.com/article/SB123245224622497573.html
From the article "There is no cash infusion being provided by Fiat into Chrysler as a part of this deal."
Chrysler is also wanting 3 Billion more bailout dollars ASAP.
Fiat will own 35% of Chrysler.
Isn't this a whole lot like loaning a foreign company (Italy) 1 Billion dollars?
Someone please tell me I'm wrong!
From the WSJ:
But the deal becomes binding only if Chrysler gets $3 billion more in financial help from Washington, said the people familiar with the terms of the agreement.
Rest of article here:
http://online.wsj.com/article/SB123245224622497573.html
Re: Fiat takes 35 % of Chrysler
![Sad :(](./images/smilies/2.gif)
![Hmm... :-?](./images/smilies/39.gif)
![Angry X(](./images/smilies/14.gif)
Even a broken clock is right twice a day ![Wink ;)](./images/smilies/3.gif)
![Wink ;)](./images/smilies/3.gif)
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Re: Fiat takes 35 % of Chrysler
This is not a good deal for the taxpayers. We give a total of $7bil. and they get a total of 55% of the company for $25mil. Where do I sign up for these deals. So in essence they are saying that Chrysler is worth $125 mil. to Fiat. I am not a rocket scientist,
but exchanging $7 bil for $25mil is not a good deal, unless you are F
iat!
![D oh #-o](./images/smilies/40.gif)
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![Waiting :-w](./images/smilies/45.gif)
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![Talk to hand =;](./images/smilies/27.gif)
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![D oh #-o](./images/smilies/40.gif)
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Re: Fiat takes 35 % of Chrysler
I say let Fiat buy it for $125 mil, and save the taxpayers a shitload of cash. ![Big hug :ymhug:](./images/smilies/6.gif)
![Big hug :ymhug:](./images/smilies/6.gif)