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….. well don’t bother to buy a Chrysler. Tomorrow they are going to file for Chapter 11 bankruptcy in the Manhattan district court.
In 1980, U.S. President Jimmy Carter signed a bill providing Chrysler with more than $1 billion in loan guarantees….. and still they couldn’t break even, much less turn a decent profit.
The same thing has happened over here in Birmingham when TRV decided to go into creditor’s voluntary liquidation…… so don’t bother buying a white TRV van – ‘cos you’d be wasting your money.
Not many British people buy Chryslers anyway, apart from a few Jeeps and even fewer PT Cruisers.
Don’t you mean LDV Vans?
Fiat have expressed an interest in buying or merging with Chrysler, but I can’t see it happening. Daimler-Benz couldn’t make a go of Chrysler so I can’t see how Fiat could do so, especially as they are not in the best of financial health themselves.
The Jeep brand is probably the only bit of Chrysler worth saving, and even then only the basic Jeep models, not the spin-off SUV models.
Now it seems that Fiat are to take Vauxhall/Opel off GM’s hands. That would seem to make more sense. Vauxhalls and Opels are identical apart from badges. As new models are designed, that would mean that common designs could be used for Fiat, Alfa Romeo, Vauxhall and Opel cars – but with different superficial body panels – a bit like how VW, Seat and Skoda cars are all the same under the skin now.
UPDATE:
I misread the report a bit – it looks like Fiat group wants to sell its own car making subsidiary, Fiat Auto, which makes Fiat and Alfa Romeo cars, and use the money to buy Vauxhall/Opel! So who will buy Fiat Auto? Peugeout Group, perhaps?The purchaser will possibly be LDV Vans (not TRV as I incorrectly posted). :lol: :lol: :lol:
I live in Luton where one of the major employers in the town is GM motors, who are currently looking rather shakey therefore there is lots of worry and unrest in the town amongst its workers… It will have a massive effect if that goes… there are so many knock on businesses who provide parts for the plant and so many clerical jobs in offices around the area to do with GM, a few years ago the Vauxhall plant was closed which impacted on the town, but some of the workers shifted to IBC who make vans etc… its looking like nervous times ahead for many.
the knock on effect has knocked long before it hit the cars
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