Make sense out of the Chrysler buyout for me... - Snowboarding Forum - Snowboard Enthusiast Forums
 
 
LinkBack Thread Tools Display Modes
Old 07-21-2011, 01:32 PM   #1 (permalink)
Veteran Member
 
LuckyRVA's Avatar
 
Join Date: Jan 2011
Location: Queens, NY
Posts: 1,653
Default 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
LuckyRVA is offline  
Old 07-21-2011, 03:10 PM   #2 (permalink)
Senior Member
 
HoboMaster's Avatar
 
Join Date: May 2010
Location: Vancouver, WA
Posts: 2,314
Default

Quote:
Originally Posted by LuckyRVA View Post
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.
__________________
PowderHound and TreeNinja
HoboMaster is offline  
Old 07-21-2011, 03:46 PM   #3 (permalink)
Veteran Member
 
LuckyRVA's Avatar
 
Join Date: Jan 2011
Location: Queens, NY
Posts: 1,653
Default

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.
LuckyRVA is offline  
Old 07-21-2011, 09:09 PM   #4 (permalink)
Senior Member
 
HoboMaster's Avatar
 
Join Date: May 2010
Location: Vancouver, WA
Posts: 2,314
Default

Quote:
Originally Posted by LuckyRVA View Post
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.
__________________
PowderHound and TreeNinja
HoboMaster is offline  
Old 07-22-2011, 08:41 AM   #5 (permalink)
Veteran Member
 
Flick Montana's Avatar
 
Join Date: Jul 2007
Location: Beech Grove, Indiana *sigh*
Posts: 4,168
Default

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"?
__________________
Zombie Nation
Gear:
Rome Design 165 / Rome Arsenals
Rome Anthem 158
Flick Montana is offline  
Old 07-22-2011, 11:06 AM   #6 (permalink)
-LIFETIME MEMBER-
 
MunkySpunk's Avatar
 
Join Date: Jan 2009
Location: Berkshires
Posts: 3,212
Default

Quote:
Originally Posted by Flick Montana View Post
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.

Quote:
Where are the commercial saying, "Thanks, taxpayers, for saving our asses"?
New GM ad: Hey, thanks for that taxpayer bailout
__________________
"Never attribute to malice that which can be adequately explained by stupidity."

10/11 - 24, Smote on Feb 13
MunkySpunk is offline  
Old 07-22-2011, 09:07 PM   #7 (permalink)
Veteran Member
 
Flick Montana's Avatar
 
Join Date: Jul 2007
Location: Beech Grove, Indiana *sigh*
Posts: 4,168
Default

Quote:
Originally Posted by MunkySpunk View Post
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.
__________________
Zombie Nation
Gear:
Rome Design 165 / Rome Arsenals
Rome Anthem 158
Flick Montana is offline  
Old 07-24-2011, 01:16 AM   #8 (permalink)
Veteran Member
 
linvillegorge's Avatar
 
Join Date: Jul 2009
Location: Evergreen, CO
Posts: 6,476
Default

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.
__________________
"People say that marijuana smoking is going to get in the way of my career. I say to them that on the contrary, my fighting career is getting in the way of my marijuana smoking." -Nick Diaz
linvillegorge is offline  
Old 07-25-2011, 11:32 AM   #9 (permalink)
Veteran Member
 
Flick Montana's Avatar
 
Join Date: Jul 2007
Location: Beech Grove, Indiana *sigh*
Posts: 4,168
Default

Quote:
Originally Posted by linvillegorge View Post
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.
__________________
Zombie Nation
Gear:
Rome Design 165 / Rome Arsenals
Rome Anthem 158
Flick Montana is offline  
Old 07-25-2011, 02:32 PM   #10 (permalink)
Veteran Member
 
LuckyRVA's Avatar
 
Join Date: Jan 2011
Location: Queens, NY
Posts: 1,653
Default

Speaking of Fiat, they need to bring the 500 Abarth here. I'd rock the hell out of one of those.

LuckyRVA is offline  
 

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT -5. The time now is 01:36 AM.



Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2014, vBulletin Solutions, Inc.
Content Relevant URLs by vBSEO 3.6.0 PL2
VerticalSports
Baseball Forum Golf Forum Boxing Forum Snowmobile Forum
Basketball Forum Soccer Forum MMA Forum PWC Forum
Football Forum Cricket Forum Wrestling Forum ATV Forum
Hockey Forum Volleyball Forum Paintball Forum Snowboarding Forum
Tennis Forum Rugby Forums Lacrosse Forum Skiing Forums