cool Chally comercial
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Bow Chica Bow Wow
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From: Proudly in NJ...bite it FL
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Last edited by cdynaco; Jun 12, 2010 at 05:34 PM.
Thread Starter
Bow Chica Bow Wow
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From: Proudly in NJ...bite it FL
I love this one too..that car just looks so mean in slow mo
http://www.youtube.com/watch?v=jOukB...eature=related
http://www.youtube.com/watch?v=jOukB...eature=related
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Bow Chica Bow Wow
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From: Proudly in NJ...bite it FL
Charlie do you mean the inner set of lights? They've always been the indicators. Only the outer lights were/are headlights. Low and high beam
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A formerly American car company , raped and pillaged by a German company in the 90's, the remains of which were bailed out by the US govt. -- the same car company that is the now the US arm of Fiat-- shows a car built on a hand me down Mercedes chassis toting an American flag ? AND then shows Europeans fleeing from them??? 
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A formerly American car company , raped and pillaged by a German company in the 90's, the remains of which were bailed out by the US govt. -- the same car company that is the now the US arm of Fiat-- shows a car built on a hand me down Mercedes chassis toting an American flag ? AND then shows Europeans fleeing from them???
My thought as well, especially the raped and pillaged part...
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From: State of Jefferson Mountains USA
A formerly American car company , raped and pillaged by a German company in the 90's, the remains of which were bailed out by the US govt. -- the same car company that is the now the US arm of Fiat-- shows a car built on a hand me down Mercedes chassis toting an American flag ? AND then shows Europeans fleeing from them???
Well that just goes to show you how tough US Chrysler's spirit is... and how wimpy Europeans are...
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From: State of Jefferson Mountains USA
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Joined: December 14, 2007
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From: State of Jefferson Mountains USA
Between Daimler and the US taxpayer you forgot the NY USA based Cerberus Capital Mgmt that truly gutted Chrysler and only left a skeleton that went banko.
It was the US owners - and its incompetent CEO Nardelli (who failed at GE & Home Depot - CNBC named Nardelli as one of the "Worst American CEOs of All Time") that wrecked Chrysler. Course our Saudi friend's $4+ gas was the straw that broke the camel's back.
And emerging from bankruptcy, Chrysler's Italian owner is only a minority owner of 20%... (though Fiat can increase its stake based on turn around performance).
So Chrysler is predominately a US company today and can legitimately wave the US Flag... for now.
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What's your source?
Daimler maintained about 20% with Cerberus but that was pre-banko of 4.30.09. Daimler's investment went poof.
Chrysler is majority US owned by UAW, some by taxpayers, Fiat 20%, Canadian Gov a small amount.
Until Fiat gets its additional 15 percent, the ownership breakdown is 20 percent by the Italian company, 9.85 percent by the U.S., 2.46 percent by Canada and 67.69 percent by the UAW retiree medical fund, according to bankruptcy court documents.
http://www.bloomberg.com/apps/news?p...d=a59MFT3OCDBs
************
WIKI:
On May 14, 2007, DaimlerChrysler announced the sale of 80.1% of Chrysler Group to American private equity firm Cerberus Capital Management, L.P., although Daimler continued to hold a 19.9% stake. This was when the company took on the name, Chrysler LLC. The deal was finalized on August 3, 2007.
On April 27, 2009, Daimler AG signed a binding agreement to give up its 19.9% remaining stake in Chrysler LLC to Cerberus Capital Management and pay as much as $600 million into the automaker's pension fund.
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Allpar:
Cerberus and Daimler’s going-away presents
Bob Nardelli wrote:
Daimler maintained about 20% with Cerberus but that was pre-banko of 4.30.09. Daimler's investment went poof.
Chrysler is majority US owned by UAW, some by taxpayers, Fiat 20%, Canadian Gov a small amount.
Until Fiat gets its additional 15 percent, the ownership breakdown is 20 percent by the Italian company, 9.85 percent by the U.S., 2.46 percent by Canada and 67.69 percent by the UAW retiree medical fund, according to bankruptcy court documents.
http://www.bloomberg.com/apps/news?p...d=a59MFT3OCDBs
************
WIKI:
On May 14, 2007, DaimlerChrysler announced the sale of 80.1% of Chrysler Group to American private equity firm Cerberus Capital Management, L.P., although Daimler continued to hold a 19.9% stake. This was when the company took on the name, Chrysler LLC. The deal was finalized on August 3, 2007.
On April 27, 2009, Daimler AG signed a binding agreement to give up its 19.9% remaining stake in Chrysler LLC to Cerberus Capital Management and pay as much as $600 million into the automaker's pension fund.
************
Allpar:
Cerberus and Daimler’s going-away presents
Bob Nardelli wrote:
“Cerberus is giving up its equity stake to allow assignment of ownership to other stakeholders, has forgiven a $500 million loan to our company, will provide the Auburn Hills campus to the new company as part of the sale, and is giving up its claims against Daimler. Daimler has agreed to walk away from a $1.5 billion loan to the company, will contribute $600 million to the Chrysler LLC pension fund, and will provide an additional $200 million guarantee to the pension fund after the sale of the company is complete.”
Last edited by cdynaco; Jun 13, 2010 at 03:08 PM.