tbm3fan
Old Man with a Hat
No one noticed this today?
http://finance.yahoo.com/news/ap-sources-fiat-chrysler-buy-215648095.html
http://finance.yahoo.com/news/ap-sources-fiat-chrysler-buy-215648095.html
This will hurt the resale/trade in value of the ones not on the buy back list. Doesn't look like my 09 1500 is on the list. However who knows if the list I saw was accurate
Models included in the buyback offer are certain Ram 1500s from 2009 to 2012; the Ram 1500 Mega Cab 4 by 4 from 2008; and the Ram 2500 4 by 4, 3500 4 by 4, 4500 4 by 4, and 5500 4 by 4, all from 2008 through 2012. Also part of the offer are 2009 Chrysler Aspen and Dodge Durango SUVs and the Dodge Dakota pickup from 2009 through 2011.
http://finance.yahoo.com/news/govt-fiat-chrysler-must-offer-014836902.html
Could've, but wasn't.
Still a foreign carYep.....glad I have a Titan that was built in Tennessee....
Guys Damiler Benz sold out to Cerebis Capital. Not Fiat & not the government. Cerebis is the investment firm that hired ousted Home Depot CEO Bob Nardili to run Chrysler. He is the guy that weakened Chrysler to it brink of disaster. Damiler Benze bled Chrysler out of much of its cash after the so called merger. Nardili who had to repay Home Depot much of the money he embezzled from them went to work & set up a bonus structure for top management that enabled them to recieved bonus pay(much of it tax free) based on production not sales. A 140 day supply was reached in inventory before the economy hit the skids in late 07. That's about double industry norm. You don't need to be a business person to figure out what happened next. Double the inventory with a hugh recession looming. Hugh tax free bonuses paid to upper managment instead of going onto the company to pay down mounting debt. Fiat to the rescue