Looks like we may not get the Challenger after all...
Quote:
DaimlerChrysler has opened the door to a total or partial sale of its Detroit-based Chrysler unit, acknowledging the shortcomings of one of the most ambitious transatlantic business mergers.
The German carmaker has hired JPMorgan to explore Chrysler's future.
"All options are on the table," said Dieter Zetsche, chairman. He declined to set a time frame for the review.
A person familiar with the matter said the options included an outright sale, spinning off Chrysler to shareholders or continuing with the recent integration between the Detroit company and the Mercedes car group. The latter is the least preferred course of action.
The restructuring marks Chrysler's third major turnround plan since Daimler-Benz bought the company in 1998.
Initial expectations of a global automotive powerhouse have given way to frustration over Chrysler's exposure to sport-utility vehicles, pick-up trucks and minivans at a time when US consumers have been moving to cars and crossover vehicles.
Chrysler also badly misjudged demand, leading to a big inventory build-up. It lost €1.1bn ($1.4bn) last year, offsetting a €2.4bn operating profit at Mercedes and a strong performance by the commercial truck group.
DaimlerChrysler reported total net income of €3.2bn, up 13 per cent from 2005, due partly to gains on its stake in EADS, the European aerospace group.
Chrysler is likely to report another loss this year, including a restructuring charge of up to €1bn. A drive to reduce inventories will cut operating profits by €230m.
The Chrysler review will take place along with a "recovery and transformation plan" that aims to restore the group to profit by next year. The plan includes 13,000 job losses in North America, 10-15 per cent fewer dealers and axing 10-20 per cent of Chrysler, Dodge and Jeep models.
Annual production capacity will shrink by 400,000 vehicles over the next two years, with the future focus on cars and other fuel-efficient vehicles.
Tom LaSorda, chief executive, said Chrysler needed to reduce its dependence on the North American market. "We need to leverage alliances and partnerships to quickly take advantage of emerging opportunities in new markets and new segments."
He cited a recent venture in which Dodge dealers in Mexico are selling a Dodge-branded vehicle built by South Korea's Hyundai.
Mr Zetsche said DaimlerChrysler's senior executives shared responsibility for Chrysler's current woes. "We are in this together", he said.
"This is not about finger-pointing."
Mr Zetsche added that the review of Chrysler's future would not affect existing co-operation between the Detroit group and Mercedes, with neither a disentangling of links nor any significant tightening.
I'm smelling the end coming. GM and Ford aren't far behind either.
ford is the closer of the 3
i was also told that another LARGE car company has been in talks with daimler
honestly, i dont see any of them closing their doors. they've been around forever, how could they close? something will happen to re-vamp them. cuz if you think about it... if they all go under, wtf are we going to drive? ford owns mazda and a few others, GM owns toyota and lots others, and crysler owns mitsubishi and others.
IMO... gm shouldnt have made 5000 different models, they should have stuck with what sold and thats IT.
ford-drop mercury and ur golden.
cyrsler... uhm yea stop living in the 70's and get over the whole "new musle with an old twist" thing, EVERY car you make doesnt need a frickn hemi spin-off version.
chrysler is closing a plant near me in newark, de which is putting 2100 people out of a job.
yeah the newark plant is done in 2009 from what I was reading.
2009 Ford Mustang V6
GM won't go out of business. But Ford has some major issues. Atleast where I live, Portland Oregon, I don't hardly see any of their cars or even the new SUV's. If ford only made the mustang and their trucks then they would be golden. Maybe then they could make the mustang handle.
PSN ID: Phatchance249
Uhm its DAIMLERchrysler. SO MB
05 M6 YJ GTO 1 of 447 12.767@109.93
GM isnt going anywhere.
This just adds to what a lot of people have been saying all along, including myself ... Chrysler is screwed. Ford is screwed.
GM is screwed ... but not ANYWHERE NEAR as screwed as the other 'Domestic' automakers. People just love to take shots at them because they are currently at the top. They have a plan to dig themselves out of the hole, and they are implementing it with success ... we will have to wait a few years to see if their plan works out or not.
As for Ford and Chrysler ... Fu<k 'em.
GM is the only domestic company I would buy a car from ... otherwise I would own a Lexus.
im pretty sure GM dosent own toyota. they might have some percentage of stocks, and i know they have had a couple partnerships but im 99.9 % sure Toyota is an independant entity.
BTW. I agree GM isnt as bad off as the media makes it look, figure how many cars are they sellin' in china right now? They love the hell out of Buicks over there.
<~~~~PWN3D!!
Chrysler dont make anything that people really like. they have no nice cars. the 300 is the only car i see in the road and its always has old man behind the wheel.
for GM they are comeing out with some very nice cars. the new aura the new malibu there new trucks the new CTS is going to be a killer car. they are turning around and people are seeing that. but there is alot of bias people out there that just hate on GM for no reason. they are puting in better motors in there cars there puting in the better trannys with more gears and they are going to not let toyota take there number 1 spot without a fight.
ford they only make the mustang. the rest of there cars are eh. there trucks are nice put i would take a GM over the ford. but ford is also a big company. the have alot of import brands with them rang rover volvo jag mazda.
i dont see any american company shuting down. there to big to have that happen.
z yaaaa wrote:honestly, i dont see any of them closing their doors. they've been around forever, how could they close? something will happen to re-vamp them. cuz if you think about it... if they all go under, wtf are we going to drive? ford owns mazda and a few others, GM owns toyota and lots others, and crysler owns mitsubishi and others.
IMO... gm shouldnt have made 5000 different models, they should have stuck with what sold and thats IT.
ford-drop mercury and ur golden.
cyrsler... uhm yea stop living in the 70's and get over the whole "new musle with an old twist" thing, EVERY car you make doesnt need a frickn hemi spin-off version.
GM does NOT own Toyota... not even close. Toyota is nipping at GM's heels for taking the #1 spot. Toyota "owns" Lexus and Scion....... GM does NOT own Toyota
JinxedZ THE LOVED ONE wrote:GM isnt going anywhere.
This just adds to what a lot of people have been saying all along, including myself ... Chrysler is screwed. Ford is screwed.
GM is screwed ... but not ANYWHERE NEAR as screwed as the other 'Domestic' automakers. People just love to take shots at them because they are currently at the top. They have a plan to dig themselves out of the hole, and they are implementing it with success ... we will have to wait a few years to see if their plan works out or not.
As for Ford and Chrysler ... Fu<k 'em.
GM is the only domestic company I would buy a car from ... otherwise I would own a Lexus.
Holy wow, took the words right out of my mouth
And that is why the only import I own is a Lexus
..................Which car will hit 400 whp first???..................
Knoxfire wrote:I'm smelling the end coming. GM and Ford aren't far behind either.
Wrong! Guess who DaimlerChrysler is in talks with to sell Chrysler to? According to a German newspaper, ***GM***. Both sides "refuse to comment" on it, and did not deny it either. Based on past experience, that means there is a whole lot of truth to the rumor.
http://news.google.com/news?q=chrysler%20gm
"Only two things are infinite, the universe and human stupidity, and I'm not sure about
the former." - Albert Einstein
LowFire wrote:JinxedZ THE LOVED ONE wrote:GM isnt going anywhere.
This just adds to what a lot of people have been saying all along, including myself ... Chrysler is screwed. Ford is screwed.
GM is screwed ... but not ANYWHERE NEAR as screwed as the other 'Domestic' automakers. People just love to take shots at them because they are currently at the top. They have a plan to dig themselves out of the hole, and they are implementing it with success ... we will have to wait a few years to see if their plan works out or not.
As for Ford and Chrysler ... Fu<k 'em.
GM is the only domestic company I would buy a car from ... otherwise I would own a Lexus.
Holy wow, took the words right out of my mouth
And that is why the only import I own is a Lexus
Agreed too.
After tracking the IS350 and LS460 in October, I'm sold.
Amen ma brotha'
Seriously. Mercedes squeezed every once of Chrysler, "chew them up and spit them out" sort of thing.
I remember being in the 11th grade and having a huge argument in front of my class with my history teacher on how bad of a idea this merger would be and that was in 1997. Here we are in 2007 and I read the future like Miss Cleo.
Mercedes gained a lot more from Chrysler like turbos on a gasoline car and getting rid of their boxy designs, Chrysler just went down hill especially with their designs. The only thing Chrysler gained was the LX cars and the Sprinter, that is it.
To me, this is just sad.
>>>For Sale? Clicky!<<<
-----The orginal Mr.Goodwrench on the JBO since 11/99-----
For the guy who suggested Ford should pare it down to just the Mustang and trucks... right on!
Ford needs a sport compact car (something better than the Focus anyway), the Mustang, and a larger four door (Aussie Falcon) sedan to replace it's cop cars. Every other "car" car it has right now is a total waste of ressources. Mercury? GONE! Stop mucking around with that company, no one cares anymore. Lincoln could easily be revived by a RWD V8 Continental converitible with suicide doors (Based on the Falcon platform) and a cooler looking Navigator.
Mercury gone... Not a good idea.
Why? Two words: Baby boomers. Which is why GM has not abandoned Buick. Baby boomers is the biggest group of people and as they get old and reach retirement, what do you think the majority of them will buy? I remember very clearly in a Mercury ad that they said that the Grand Marquis was one of the best sellers in FL. Go figure right?
>>>For Sale? Clicky!<<<
-----The orginal Mr.Goodwrench on the JBO since 11/99-----
ill laugh like crazy if GM really does buy up chrysler from daimler
[quote=97trd(???™)]ill laugh like crazy if GM really does buy up chrysler from daimler
That would be weird.
05 M6 YJ GTO 1 of 447 12.767@109.93
Fallen Angel wrote:z yaaaa wrote:honestly, i dont see any of them closing their doors. they've been around forever, how could they close? something will happen to re-vamp them. cuz if you think about it... if they all go under, wtf are we going to drive? ford owns mazda and a few others, GM owns toyota and lots others, and crysler owns mitsubishi and others.
IMO... gm shouldnt have made 5000 different models, they should have stuck with what sold and thats IT.
ford-drop mercury and ur golden.
cyrsler... uhm yea stop living in the 70's and get over the whole "new musle with an old twist" thing, EVERY car you make doesnt need a frickn hemi spin-off version.
GM does NOT own Toyota... not even close. Toyota is nipping at GM's heels for taking the #1 spot. Toyota "owns" Lexus and Scion....... GM does NOT own Toyota
im saying its more twords this....
Caboose wrote:im pretty sure GM dosent own toyota. they might have some percentage of stocks.
ive heard from a lot of ppl that gm actually owns toyota, but i guess it doesnt really matter... i dont KNOW for a FACT they do. i said that because of what ive heard. sorry for not having the true "facts"
Edited 1 time(s). Last edited Thursday, February 15, 2007 2:50 PM
Well, don't listen to them. Toyota owns lexus and scion.
GM has nothing to do w/ them other then colaborating on a select few vehicles like the vibe and toyota cavalier.
05 M6 YJ GTO 1 of 447 12.767@109.93
The domestic car makers simply need to do a few simple things to get themselves out of trouble
Chyrsler would benefit by not being owned by Diemler Benz - Seriously they are running the company into the ground with stupid cars nobody wants and they boast the worst fuel economy on the market (which is becoming an important selling point) not to mention horrible reliability, Mopar has had that problem for a long time and they need new leadership because the way they are doing things obviously isnt working, they need a plan, they dont seem to have one, laying off plant workers seems to be what all these companies want to do, its not a fix, its not even a short term fix, build and design better cars and research what the public wants. I think these guys are in the worst shape of everyone because I cant think of a single car they make that ppl actually talk about or want from this company. Its usually only stories about how aweful and lemons they are. My family has had 3 in the past 10 years and each one was a total POS that had the kinda problems cars with less than 50k shouldnt have such as Head Gasket Failure, Brake problems, Multiple A/C compressor issues, Poor door seals, Total PCM failure
Ford - This company makes ALL its bread on the Mustang and its trucks, which ppl recognize on the market as being at or at least challenging for tops in thier respective classes. In this day and age you cannot be profitable based on 1-2 segments and the rest of your lineup being crap. Tthe rest of the company is in shambles and its killing them. The entire Lincoln and Mercury segment is priced in the range of Acura, Lexus, Caddy, BMW, Audi, Saab, etc, all brands that are far superior for the money, in short they need to build better cars, the public sees that which is why they buy one of those other brands because its simply a better car. The rest of the regular ford lineup is pretty much the same, completely inferior to the competition both in price and performance. They used to have a car that made millions for them - The Taurus, but they failed to improve it and now the Camry is that car thats making millions for Toyota. They are at the bottom with thier small cars, the focus is superior only to the extremely cheap cars like Kia and Dawoo or Hyndai and even thats debatable. They have no sport compact car that can compete. The Mazda, Volvo and Jaguar are bringing them some profit but not enough to offset the massive failure of the rest of thier cars. A few years ago they said they would be introducing all these alternative energy cars, they have failed to produce on that and it could be a very profitable segment for them if they did it.
Then at last there is GM which seems to be the topic of all rumors. Honestly this company is alot better off than ppl might think. A few years ago they were where Ford and Chrysler are now, a lineup of bland cars priced at or above other foreign makes that were superior. They were rebating the crap out of thier cars just to move them. They have revamped thier lineup from head to toe and are now coming out with cars and trucks that ppl are noticing and taking an interest in. They are cars that are equal or better than the foreign makes and comparable in price, now all they need is the reputation in the market. That will take a few years. Chevy still brings to mind cheap GM car that doesnt last. Now increasing thier warranty and coming out with better engines is a big step to getting rid of that stigma. When you think about it, over the past 5 years GM has replaced just about every engine in its lineup. All the problematic 2.2OHV and 2.4 DOHC were replaced with a market leading fleet of ecotecs, thier new V6s are delivering power well above 250hp and finally dropped the aged and aweful 3100/3400 blocks, GM has among the nicest V8s ever produced with the LSx. And they are also doing some incredible things with the Duramax Diesels. So the products are out, ppl just need to be made aware of them and they need to go out and aggressively compare themselves to the imports, they have already fixed what thier problem is for the most part and thats having lousy powertrains and even lousier warranties. They still need some work on thier designs.
From the top down Caddys are freaking hot and have some of the most unique and nicest cars out there the CTS, Escalade, XLR these are names that everyone knows
Gm did themselves a big favor canning the Olds line and scaling back and redesigning the Buick line with better models, they recognize this is an old folks line and have quit trying to market it elsewhere
The Pontiac Line is getting better and more back to its roots but they still have some work to do in the way of getting thier models straight. Big example is the G5, this is a totally pointless car, its the exact same thing as a cobalt except with maybe 10 pieces that are different most notably the bumpers and the steering wheel logo. If your going to build a car on the same frame at least make it look different. Theres a real lack of effort here. The G6 is looking like a nice grand am replacement, its a better car but its not selling as well as the grand ams of the 90s. 10 years ago those things were EVERYWHERE. They need to drop the @!#$ Van, nuff said. They finally axed the Aztek thank goodness as it was an embarrassment to the company. The soltice has turned out to be a nice add and they cant keep the GXPs on the lot, theres almost a year wait for one from the factory. The new G8s are simply amazing looking but one needs to consider the price and the fact that its competing against itself with the CTS and Impala, theres not a need for that many variants of the same car. The G8 is also replacing the slow selling GTO which could have been a HUGE hit but they just decided to stick an LS1 in a Grand Prix lookalike. The thing was just overpriced compared to the mustang and it lacked any style at all. It was trying to fit the void left by the Firebird and it just didnt do it.
The chevy line still has some rather ugly models in it as well but at least they are starting to get things right under the hood, they need some better designs and Gm as a whole needs an affordable hybrid, a car that can be mass produced to compete with Toyota and Honda, right now Honda cant keep thier civic hybrid on the lot, they are sold months before they get to the dealer. GM can make a bundle on this area.
1989 Turbo Trans Am #82, 2007 Cobalt SS G85
GM needs more advandced transmission for their trucks and most of thier cars at the moment.
How is the GTO overpriced compared to the mustang?
There isn't even a 5k gap in between the two. And styling on the GTO is subjective. Where they failed the GTO was in marketing. Most people don't even know what they are. That is the problem.
As for the honda hybrid, the one they had to recall a whole years worth. Is that the hybrid you are talking about.
05 M6 YJ GTO 1 of 447 12.767@109.93
lol time for an srt4 cobalt
^^^ LOL
Either way, Mopar being owned by GM and operating independently isn't a bad idea. As long as they're not dumping money into proven losers like the jeep wrangler unlimited, Commander and the compass or liberty, they'll do better. Jeep was always a 3 vehicle manufacturer when they were strong: the CJ/YJ/TJ, Wrangler sport and Cherokee. Chrysler has to get a fleet vehicle other than the Charger (bean counters don't like aggressive looking sedans), and concentrate on thinning the herd a little, build the core strong and then carefully branch out.
And GM owns a percentage in Toyota, I think it's about 6-7%, and has since the 70's.
its called keep jeep , and kill everything else
and increase your market share , since there would be less compitition
