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27-06-2008
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Established Member
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Join Date: Jul 2007
Posts: 140 What Jeep do I drive?: JK
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Chrysler filing for bankruptcy?
There is alot of talk on the finance forums suggesting Chrysler is in trouble.
Some examples
GMT June 26, 2008
rumours circulating of Chrysler chapter 11. Daimler stock 3rd biggest loser on DAX today.
1:39 GMT June 26, 2008
hearing that Chyrsler could file for bankruptcy....hitting shares of daimler since they still hold around 20%
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fwiw this may be the source of the rumors
GM, Chrysler may face '09 cash crunch
Fitch Ratings gives automakers a negative outlook, lowers rating to below investment grade
http://www.detnews.com/apps/pbcs.dll...=2008806260335
Last edited by MickJeep; 27-06-2008 at 12:58 AM.
Reason: added a bit on the bottom
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27-06-2008
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Banned
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Join Date: Feb 2008
Age: 49
Posts: 3,294 What Jeep do I drive?: TJ
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its ok, we've already bought our rigs
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27-06-2008
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Jeepin' is incurable....
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Join Date: Aug 2004
Location: Melbourne, and anywhere else my Jeeps can take me
Posts: 1,781 What Jeep do I drive?: WK2
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They deny it of course http://www.businessweek.com/ap/finan.../D91I0HMG4.htm
but they have welcomed Lee back.....
__________________
WK2 2013 Trailhawk
VJ2 4-63 1948 Jeepster
MJOC
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29-06-2008
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Established Member
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Join Date: Jul 2007
Posts: 140 What Jeep do I drive?: JK
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thats odd, it said they borrowing 2 Billion, when they have 9 Billion of cash in the bank? they want to buy something for 11 Billion?
Part of the 9 billion profit was due to their exchange rates stuck at 45cent audusd. our wrangelers should be 10K cheaper.
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19-03-2012
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Grumpy Old XJ Dsl Owner
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Join Date: Jan 2011
Location: Northern Victoria
Posts: 13,809 What Jeep do I drive?: XJ
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Quote:
Originally Posted by CindyU
In an age when automotive bailouts and CEO salaries have given the car-buying working class individuals something to hate, one CEO has revealed that he drew no income. The Detroit Free Press reports that Chrysler's yearly financial report filed Tues reveals that company Chairman and CEO Sergio Marchionne was compensated no salary or stock options in 2011. But I had read from here: Chrysler CEO Sergio Marchionne officially took no salary or stock in 2011 that Marchionne, who is also the CEO of Fiat, did get payment and stock from the Italian car maker. |
Welcome CindyU !!!!!!
Problem is you have just resurrected a nearly 4 year old thread !!!
Never mind !! Hope you become an active member!!
Looking forward to your future posts/threads !!!
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98&01XJVMs,06&07KJCRD's,No longer question authority,I annoy it.More effect,less effort.10000Club
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19-03-2012
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MonsterMoose
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Join Date: Jun 2010
Location: Noosa QLD.
Age: 58
Posts: 7,940 What Jeep do I drive?: WK2
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And with a link to sales of new vehicles in the US - I smell spam....
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Cheers, Dave :)
2010 JK, then a 2015 KL Trailhawk, now a 2017 GC Trailhawk!
Over 5000 Club
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20-03-2012
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No Winching
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Join Date: Aug 2009
Posts: 3,458 What Jeep do I drive?: JK
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Yep.... pretty distinctive smell.
__________________
It seemed like a good idea at the time........
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