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FIAT To Buy Chrysler Outright

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Old 04-21-2011, 11:07 AM
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Default FIAT To Buy Chrysler Outright

http://news.yahoo.com/s/ap/20110421/..._fiat_chrysler

It looks like we were lied to in 2009. Once the loans are paid off FIAT is going to have a 51% share in Chrysler and says they will merge the two companies into one. If you recall, Our Lord and Savior Obama said that FIAT would never own Chrysler, it would be a "partnership of equals". Merchionne said the same thing several times, adding that what happened with DaimlerSh!t would not happen in this case. The interesting thing is that FIAT isn't really going to pay another dime. They with their 35% shares and some other shareholders are voting to generate more shares, diluting the other shareholders % of ownership and giving the new shares to FIAT for "equity" that FIAT has in partnership already. Basically, they are making more stock out of thin air to give themselves control of the company. This, my friends, is WORSE than what DaimlerSh!t did.If the FTC lets this go through, this time there will be no Chrysler left. FIAT will be sole owner of Chrysler group with no American input and the three Chrysler brands nothing more than FIAT nameplates and nothing else.
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Old 04-21-2011, 12:07 PM
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Only thing I got from the post is that Fiat is going to buy the debt from the US treasury. Boosting their stake up to 59%. Not sure what their true intentions are but I would think it was for the sake of the company. Sorta like an IOU to Fiat for helping them get chrysler out of the government loans. The US treasury is the last person I want a loan through. That is why or economy is the way it is. Pisses me off just thinkin about it.
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Old 04-21-2011, 02:18 PM
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It is odd how much Yahoo has changed the story from this morning. In the first edition it said that FIAT and other stakeholders had agreed to make several million new shares, of which FIAT would be the beneficiary, that would allow the buyout of the Federal loans. Now there is no mention of the new stocks. Curious. Now there is no mention of that detail.
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Old 04-21-2011, 02:26 PM
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Sorta odd dont ya think?
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Old 04-21-2011, 10:44 PM
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Only time will tell. I hope it all works out for the best.
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Old 05-02-2011, 06:48 PM
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Fiat is taking a hell of a risk, if the US. greenback tanks any deaper, Chrysler, dodge, and GM are going to worth less than when oboma bailed them out.
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Old 05-02-2011, 10:21 PM
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Fiat's are being sold on the Dodge lots over here. Is this happening anywhere else?
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Old 05-22-2011, 12:36 AM
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Not here yet. I read that Chrysler is getting ready to pay back the bailout money soon. About 2 yrs ahead of schedule.
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Old 05-22-2011, 04:59 PM
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Here on the Border of NC an SC there is a dodge dealer that just put a FIAT Dealership / building smack dab in the middle of the parking lot.
Looks kinda odd.
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Old 05-22-2011, 07:14 PM
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Our company is having a new building being build for Dodge,Chrysler,Jeep, Ram amd Fiat. The Fiat will have its own showroom and cafe. Thats here in Fremont,Ca.
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Old 06-04-2011, 10:32 PM
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It is too bad that Chrysler is under the roof of another parent company but I think that it's going to be different this time. Fiat, it appears to me, appreciates what Chrysler has to offer and actually NEEDS Chrysler to compete with the global giants. Both companies compliment each other very well. Time will tell but I believe Mr. Marchionne will keep Chrysler as it should be kept. At least Chrysler is still alive!! Right now they're even starting to kick a little butt and takin' some names. Feels good!!
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Old 06-05-2011, 09:50 AM
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If this was Facebook, I'd like your post.
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Old 06-12-2011, 07:22 PM
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It looks like we might be force fed the euro touch to our american cars soon.
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Old 06-13-2011, 12:22 AM
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we had euro touches to our cars a long time ago. a lot of italy in our history.
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Old 06-13-2011, 01:22 AM
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The Omni/Horizon were designs Chryco bought from Volkswagon. And Ghia helped design some of the late 50's/early 60's Chryslers. I do agree that this is different in the fact that Chrysler is now a subsidiary of a foreign company and that saddens me.
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Old 06-13-2011, 07:23 AM
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I don't care if they tweak the inside of our cars, but I really don't want them touching the exterior or engine. Corvettes are already bowing down to the euro types. It is suppose to have a 3 liter V8 that revs to 10,000 RPM. I'll keep my 8.3L, I like the sound of big engines not high revving liter cars, the ricers can have at it with those.
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Old 06-13-2011, 07:23 AM
 
 
 
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