Any one Know?

Or maybe the magna 200!

Magna’s hire fuels talk of a Chrysler sale

http://www.freep.com/article/20090113/BUSINESS01/301130008/Magna+s+hire+fuels+talk+of+a+Chrysler+sale

I cant buy a vehicle from a company thats on the brink of disappearing.

Nissan doesn’t have the cash to swing a deal nor does Magna.

Both have financial issues and liquadity problems that would preclude them from gaining enough credit to make a deal happen.

Nissan stores aren’t tearing it up and do to the slowing of production Magna has cash flow problems.

Its the same thing that stopped GM from gaining access to Chrysler, CREDIT.

Nobody in the financial market is willing to stick their neck out on these kind of deals.

http://www.msnbc.msn.com/id/28643952

If i were a chrysler employee i would really be worried right now.For instance, Magna will be able to make their own wage and benefits scale.They are not going to buy into a company and expect to pay them $70 in wages and benefits.

We all knew this was going to happen when Cerberus bought the company.Well folks, the day has finally arrived.

Chrysler in talks to unload brands
Troubled Big 3 automaker may sell important assets to Nissan-Renault and Magna, an auto parks firm.

http://money.cnn.com/2009/01/13/news/international/chrysler.reut/index.htm?postversion=2009011321

Chrysler in talks to unload brands
Troubled Big 3 automaker may sell important assets to Nissan-Renault and Magna, an auto parks firm.

http://money.cnn.com/2009/01/13/news/international/chrysler.reut/index.htm?postversion=2009011321

Chrysler in talks with Renault and Magna
Reuters, Jan. 13

Here’s that Reuters’ article that Don mentioned in his post immediately above this one. The Detroit Free Press has also picked up this Reuters piece.

http://www.freep.com/article/20090113/BUSINESS01/90113119/Report++Chrysler+in+talks+to+sell++key+assets+

I don’t want anybody to agree with everything I write, but if you’d shake yourself and take a step back from your hard core beliefs about Chrysler and the car business you might just learn something.

We have loyal Mopar owners, people who work in the plants, some that work for corporate and those of us that own dealerships on this blog.

I’ll admit I don’t know that much about the manufacturing end of the business or how the UAW works, but I’m willing to learn and to listen so that I get a better understanding.

New car dealerships are very complicated businesses, one mistake and your done.

I live on the edge every day when it’s good it’s great when it’s bad it’s really bad. It isn’t just about me, it’s about my family, my employees, the community and our loyal customers who know we’re going to be here when they need us most.

Last Saturday January 9th 2009 thousands of residents held a rally for Prospect Motors a Dodge Chrysler Jeep dealer located in Jackson California. Our good friends at GMAC(Cerberus) punked the store out of business on December 23rd 2008.

Merry Christmas from the Three Headed Dog folks!

That doesn’t happen in America people don’t rally to save their local car dealer, maybe people are starting to wake up to the fact that corporate America don’t give a crap about anybody, but itself.

The doomsday scenario that Rich and DaveS describe is going to happen and true to form of any doomsday scenario, there will be those who survive. They will be the smart ones. They will be the intelligent who, when business started to turn bad, looked at ways to insure themselves of a client base and stay the course. They will be the ones who saw opportunity in building customer loyalty and profit in taking care of the customer. They will not be those who operated on the screw everyone principle. Gone will be the dealers who advertised cars for thousands below tripple net only to bag the customer on overpriced paint protection and useless warranties.

Business operates in cycles and this business is no different. The strong and the smart, the dedicated and the honest will survive. They will live to see the day that cars like the 200c will make it to market and Chrysler will once again build quality vehicles with a loyal following. I submit that some dealers will survive and they will be stronger for it. I just hope that when the crisis passes they will realize that there is no longer a place for business as usual.

As my father once told me, the greatest customer you have is the one you have yet to sell.

Chrysler in talks with Renault and Magna: sources

http://www.reuters.com/article/newsOne/idUSTRE50D0H020090114

DETROIT (Reuters) - Chrysler is in talks to sell key assets to Nissan-Renault and auto supplier Magna as it rushes to restructure after taking $4 billion U.S. government loans, according to people with knowledge of the discussions.

The string of potential deals would deepen ties between Chrysler LLC and two of its key current partners but could also mark the end of the struggling No. 3 U.S. automaker as an independent venture.

Renault-Nissan and Chrysler, which is owned by Cerberus Capital Management, had some contact about a sale of all or parts of the U.S. automaker last year before the U.S. government stepped in to bail out Chrysler and GM in December.

The present round of talks with Renault-Nissan gathered momentum in recent weeks and have included discussions about a deal to sell Chrysler’s iconic Jeep brand, according to three people with knowledge of the talks.

Renault-Nissan, an alliance headed by Carlos Ghosn, has been looking to clarify whether a deal to acquire assets from Chrysler would jeopardize the company’s access to U.S. government funding, one of those familiar with the talks said.

Representatives of Chrysler, Cerberus, Magna and Nissan had no comment. Renault, which owns a controlling 44 percent stake in Nissan, could not be immediately reached for comment.

(Reporting by Poornima Gupta, Soyoung Kim and Kevin Krolicki; editing by Peter Bohan, Gary Hill)

My “bill” or curtailment to CFC is over $ 180K.

We are losing about 50K a month—-where do I come up with $ 180K.

CFC is not a “partner” it is killing the dealer body.

They won’t (can’t) buy any deals and now they are going to shut us down.

Anyone want a Ram 3500?

What a shame, as it used to be our best seller (and biggest gross profit producer!)

The warranty is not competitive with Chevy or Ford, and there has been too many issues (sensors, emission, flashes, etc.) for our “loyal” customers to buy them.

I am losing a lot of these sales to Ford particularly—the word on the street is to stay away from the 6.7L.

I sell used Ram’s with the 5.9L diesel engine almost immediately.

I know no one from Ma MoPar is listening—but if you are—HELP!!!!