Make sense out of the Chrysler buyout for me... - Snowboarding Forum - Snowboard Enthusiast Forums
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post #1 of 20 (permalink) Old 07-21-2011, 02:32 PM Thread Starter
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Make sense out of the Chrysler buyout for me...

How can losing $1.3 billion on the bailout of Chrysler be considered a "major accomplishment"?

Also, I'm not sure I understand how Fiat buying out the remaining shares that the US owned absolves Chrysler from having to pay back the money they owe. What kind of loan is that???


Taxpayers lose $1.3 billion as govt. exits Chrysler - Jul. 21, 2011
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post #2 of 20 (permalink) Old 07-21-2011, 04:10 PM
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How can losing $1.3 billion on the bailout of Chrysler be considered a "major accomplishment"?

Also, I'm not sure I understand how Fiat buying out the remaining shares that the US owned absolves Chrysler from having to pay back the money they owe. What kind of loan is that???


Taxpayers lose $1.3 billion as govt. exits Chrysler - Jul. 21, 2011
I guess they figure that in the scheme of things, they could have actually lost a whole lot more money, and so therefor losing 1.3 Billion is a negligible cost for bailing out a major auto-manufacturer. Either way, fat-catz win: we lose.

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post #3 of 20 (permalink) Old 07-21-2011, 04:46 PM Thread Starter
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But, Chrysler paid off $5 billion of the loan in May and then had a great month of June (40% increase in sales). Its not like they were about to default on their loan. Anyway, I just have a feeling the gov't fat cats are fine with taking a $1 billion loss on the proposition to get Chrysler off their hands. Its not their money, no biggie.
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post #4 of 20 (permalink) Old 07-21-2011, 10:09 PM
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Anyway, I just have a feeling the gov't fat cats are fine with taking a $1 billion loss on the proposition to get Chrysler off their hands. Its not their money, no biggie.
I think that's just it, they're willing to take that loss in order to not have to deal with it.

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post #5 of 20 (permalink) Old 07-22-2011, 09:41 AM
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American car companies are really getting on my nerves. Dodge with the whole, "Look at this new piece of fugly crap we pinched off in the domestic market. Yeah, America rocks." Guess what, no one cares if you took your SUV around the Nurburgring.

Chrysler pretending that THEY are the new ultimate luxury. Screw BMW and Mercedes, Chrysler is what it's all about. A sleeker badge and a bunch of drug dealer cars isn't luxury.

The domestic market is garbage right now. They're all pretending to be something they're not. And worse, they're all pretending nothing ever happened.

Where are the commercial saying, "Thanks, taxpayers, for saving our asses"?

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post #6 of 20 (permalink) Old 07-22-2011, 12:06 PM
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American car companies are really getting on my nerves. Dodge with the whole, "Look at this new piece of fugly crap we pinched off in the domestic market. Yeah, America rocks." Guess what, no one cares if you took your SUV around the Nurburgring.

Chrysler pretending that THEY are the new ultimate luxury. Screw BMW and Mercedes, Chrysler is what it's all about. A sleeker badge and a bunch of drug dealer cars isn't luxury.

The domestic market is garbage right now. They're all pretending to be something they're not. And worse, they're all pretending nothing ever happened.
Sounds like you just aren't a fan of their commercials to me.

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Where are the commercial saying, "Thanks, taxpayers, for saving our asses"?
New GM ad: Hey, thanks for that taxpayer bailout

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post #7 of 20 (permalink) Old 07-22-2011, 10:07 PM
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Sounds like you just aren't a fan of their commercials to me.
I also think their cars are ugly and boring. The commercials just take that ugly, boring lineup and parade it around like a painted turd.

Even Ford, the only American car-maker I really respect, sells all their best cars overseas. There isn't a mangina big enough to justify driving a standard Focus, but they get the fun models over in the UK even if they are made for teens.

I'm not a fan of the domestic market, period.

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post #8 of 20 (permalink) Old 07-24-2011, 02:16 AM
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The problem is that all the domestic manufacturers still have their best lineups in the full size truck and SUV market. As America increasingly shifts from a rural to a more suburban/urban society, the automotive market is going to follow suit.

For years, the F-150 was the best selling vehicle in America. The F-150 no longer suits the needs of the average vehicle buyer.

I drive a Chevy Tahoe and I'm on my second one at that. But I'm still not truly happy. If they'd make a mid-size SUV or a mid-size quad cap pickup with something like a 3.0 - 3.5L diesel engine, I'd be ALL OVER THAT! That vehicle should be good for close to 30mpg.

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post #9 of 20 (permalink) Old 07-25-2011, 12:32 PM
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The problem is that all the domestic manufacturers still have their best lineups in the full size truck and SUV market. As America increasingly shifts from a rural to a more suburban/urban society, the automotive market is going to follow suit.

For years, the F-150 was the best selling vehicle in America. The F-150 no longer suits the needs of the average vehicle buyer.

I drive a Chevy Tahoe and I'm on my second one at that. But I'm still not truly happy. If they'd make a mid-size SUV or a mid-size quad cap pickup with something like a 3.0 - 3.5L diesel engine, I'd be ALL OVER THAT! That vehicle should be good for close to 30mpg.
This is pretty much it.

Too many American companies are trying to relive their glory days during the muscle car era. That era is over. While people still say they want those kinds of cars, they aren't buying them.

Maybe with Fiat taking a stake in Chrysler, they will up their sales outside of North America and become more appealing globally, like Ford did.

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post #10 of 20 (permalink) Old 07-25-2011, 03:32 PM Thread Starter
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Speaking of Fiat, they need to bring the 500 Abarth here. I'd rock the hell out of one of those.

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