[MBZ] More from Chrysler
Dear Employees, There is a lot of news to pass on to you today, including an important announcement regarding the leadership of the new company and updates on motions filed in U.S. Bankruptcy Court. First, however, I would like to share some thoughts about the reorganization of our dealer network, which has received a great deal of media coverage. As you know, last week we began the difficult and painful process of realigning our dealer network. We filed a motion with the U.S. Bankruptcy Court seeking to retain 2,292 Chrysler, Jeep® and Dodge dealers that will continue with the new company in a global alliance with Fiat once the sale is complete. Pending the court’s approval, another 789 current U.S. dealers will see their agreements with Chrysler LLC rejected and will discontinue selling new Chrysler, Jeep and Dodge vehicles effective on or about June 9. The rationale for this reorganization is that strong, profitable dealers are essential to our success. Successful dealers are able to invest in their facilities, their equipment and their people, which allows them to satisfy and delight our customers. Over the past several days, I’ve received many letters and e-mails of support from dealers who recognize the need to reorganize our dealer network in terms of number and location. They understand that this resizing of the network is a tough but necessary action to support Chrysler’s viability for the long term. Here are just a few samples of the messages of support our dealers are sending: “My father and I wanted to drop you a note to tell you we are behind you and everything you've done all the way. I know these last few months have not been easy for any of us in the auto industry and some of the decisions you have made have been tough but necessary.” __ Mr.Nardelli, Mr.Press, Mr. Landry, “I can only imagine that the past few days have probably been the hardest of all as you have had to make some very tough decisions. Decisions that impact some for the better others for the worse. Through all of this your steady hand of leadership has shown itself. It is evident to me that you have a clear vision of where you want Chrysler to be in the next 100 years and have taken the painful steps to put us all on the right path. The next few days may be tough, however knowing who is guiding this ship gives me confidence in the ultimate destination.” __ “We recently became a Genesis dealer in one of our 2 locations here … by stepping up and purchasing an existing franchise … While many called this move foolish, the past several months have proven them wrong. Our business is strong, vibrant and most importantly, growing! We are also looking forward to the possibility of acquiring a Chrysler Jeep franchise to add to our Dodge only point … and complete our own project Genesis. I know that there is much pressure being leveled upon you and your entire team, but I want you to know that your core group of dealers, like my family, are 100% behind you and we know that the actions that we have seen in the past 30 days and what we will continue to see throughout our court supervised restructuring will lead to brighter, more prosperous days for us all. __ Gentlemen I want to thank you for all of your efforts. Without you our company would not be here today. My family and my family of employees owe you all a debt of gratitude. __ Moving forward with 75 percent of our dealer network is far better than the alternative of liquidation, which we will face if the sale of assets is not quickly approved. Under liquidation, 3,181 U.S. dealerships would close, which would have a devastating effect on both local and national economies. With the ongoing support of the U.S Treasury since our April 30 filing for protection under Chapter 11 of the bankruptcy code, our efforts to market and sell new vehicles continue thanks to the commitment of our dealers and to the loyalty of our Chrysler, Jeep® and Dodge customers. Even during these tough times for the industry, these sales have had a positive effect on our inventory balance, which will leave us in a stronger position for the future. Yesterday, I represented Chrysler at the White House as President Obama announced a framework for a single national approach for fuel economy and greenhouse gas standards. This is an important step forward, and we are pleased that state and federal fuel economy programs will be harmonized, providing us clarity and certainty as we plan our future product portfolio. A result of cooperation between the Department of Transportation, the Environmental Protection Agency and the state of California, the new framework would ultimately deliver California-like performance with federal compliance flexibilities to give us a workable program going forward. This new standard works well with our
Re: [MBZ] More from Chrysler
That part where he addresses the jettisoned dealers who operated in good faith, invested loads of money, and who are left holding inventory, facilities, staff, and customer commitments must have been cut out of my copy. And how the union gets their (large) piece of the pie. And how the president and US gummint engineered this whole thing in contravention of existing laws, e.g., a little principle called due process, that are supposed to deal with these kinds of situations. Did anyone else get that in their missive? See here for another perspective, one that rings a bit more true: http://online.wsj.com/article/SB124277581459836917.html Fairness in a law-abiding society is due process. In the Chrysler bankruptcy, the administration hijacked the legal forms for a political end that it could have delivered honestly by the government buying Chrysler out of liquidation and handing it to the UAW. --R ___ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
Re: [MBZ] More from Chrysler
Tom Hargrave wrote: BTW, if you can bribe someone in a poor country for protection then someone else can pay him $20.00 more than you are offering to turn against you. That was my thought when some friends were telling me how cheap Honduran property was. But you have to hire round the clock security. And I'm thinking the guys you're hiring will not be as dedicated to their jobs as the S.S. guys who follow Obama around. Mitch. ___ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
Re: [MBZ] More from Chrysler
I feel safe travelling anywhere in Mexico and have spent a lot of time doing it an never had problems all over Baja and the Yucatan. My parents even lived down there for several years, and I have an uncle that currently lives in Tijuana and commutes across the border to his job in California every day. Fears of Mexico are irrational IMO. I've never seen a place as dangerous in Mexico as many areas here in the Los Angeles basin. Tyler Loren Faeth wrote: I don't consider mexico to be part of the civilized world... I feel safe travelling anywhere in Italy. I don't feel safe travelling anywhere in Mexico without native, and preferably Federales protection. (Bribed of course) At 09:26 PM 5/6/2009, you wrote: Second most corrupt - Mexico is ahead of them. Thanks, Tom Hargrave Loren Faeth ___ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
Re: [MBZ] More from Chrysler
I wish I was in Tijuana eating barbecued iguana. --R tyler wrote: I feel safe travelling anywhere in Mexico and have spent a lot of time doing it an never had problems all over Baja and the Yucatan. My parents even lived down there for several years, and I have an uncle that currently lives in Tijuana and commutes across the border to his job in California every day. Fears of Mexico are irrational IMO. I've never seen a place as dangerous in Mexico as many areas here in the Los Angeles basin. Tyler Loren Faeth wrote: I don't consider mexico to be part of the civilized world... I feel safe travelling anywhere in Italy. I don't feel safe travelling anywhere in Mexico without native, and preferably Federales protection. (Bribed of course) At 09:26 PM 5/6/2009, you wrote: Second most corrupt - Mexico is ahead of them. Thanks, Tom Hargrave Loren Faeth ___ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com ___ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
Re: [MBZ] More from Chrysler
Tyler, A friend if mine travels to Mexico a lot. He's Hispanic descent and he also feels safe probably is. But I'm white and I stick out like a sore thumb in Mexico. Locals automatically know that I'm not local and I draw attention which makes me a target. Do you look like you are from the area or do you look European - American? If you look like you are from the area then you blend in will not be a target. I would not be a target in any Northern European country. Thanks, Tom Hargrave www.kegkits.com http://www.kegkits.com/JABF/ 256-656-1924 -Original Message- From: mercedes-boun...@okiebenz.com [mailto:mercedes-boun...@okiebenz.com] On Behalf Of tyler Sent: Thursday, May 07, 2009 11:41 AM To: Mercedes Discussion List Subject: Re: [MBZ] More from Chrysler I feel safe travelling anywhere in Mexico and have spent a lot of time doing it an never had problems all over Baja and the Yucatan. My parents even lived down there for several years, and I have an uncle that currently lives in Tijuana and commutes across the border to his job in California every day. Fears of Mexico are irrational IMO. I've never seen a place as dangerous in Mexico as many areas here in the Los Angeles basin. Tyler Loren Faeth wrote: I don't consider mexico to be part of the civilized world... I feel safe travelling anywhere in Italy. I don't feel safe travelling anywhere in Mexico without native, and preferably Federales protection. (Bribed of course) At 09:26 PM 5/6/2009, you wrote: Second most corrupt - Mexico is ahead of them. Thanks, Tom Hargrave Loren Faeth ___ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com No virus found in this incoming message. Checked by AVG. Version: 7.5.557 / Virus Database: 270.12.11/2089 - Release Date: 4/30/2009 5:53 PM No virus found in this outgoing message. Checked by AVG. Version: 7.5.557 / Virus Database: 270.12.11/2089 - Release Date: 4/30/2009 5:53 PM ___ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
Re: [MBZ] More from Chrysler
I look white/european, but I know how to not stand out when traveling. White skin does not make you stand out at all in Mexico, since a sizable percentage of native mexican people have fairly light skin, and some even blond hair and blue eyes. What makes you stand out is dressing and acting like a rich tourist, and driving a fancy car. Bring a beat up looking car that's well maintained, and buy clothes locally that look like what everyone else is wearing and you'll blend in. I generally will wear a guyaberra (southern mexican style dress shirt) or a white T-shirt, and drive my somewhat beat up and dirty Volvo 740. I eat and go where the locals go, and avoid the tourist places. My car has american plates, which also blends in- because a lot of the cars down there were imported from the US and never had the plates changed. How you act has a lot more to do with your safety when traveling than where you are or what your race and nationality are. Taking the time to learn a few phrases in the local language doesn't hurt either. Tyler Tom Hargrave wrote: Tyler, A friend if mine travels to Mexico a lot. He's Hispanic descent and he also feels safe probably is. But I'm white and I stick out like a sore thumb in Mexico. Locals automatically know that I'm not local and I draw attention which makes me a target. Do you look like you are from the area or do you look European - American? If you look like you are from the area then you blend in will not be a target. I would not be a target in any Northern European country. Thanks, Tom Hargrave www.kegkits.com http://www.kegkits.com/JABF/ 256-656-1924 ___ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
Re: [MBZ] More from Chrysler
Agreed, but I am still not going. 30 years ago, I would have gone, but things were different then. I don't speak like a native. In Italy, (or anywhere else) we always try to blend in and look and act like the locals. That includes eating what the locals eat. In Italy, we rode all over on the train, including places that appeared no American had been to since the end of WWII. The instep of Italy's boot is considered the armpit of Italy, and there was no problem whatsoever there. A resort there was mostly for Neapolitans, and was a fenced compound like mexican resorts. Most of Italy considers Napoli to be despicable but here, the locals were despicable to the Neapolitans. But I have no interest in going into Rome. Sitting outside the Bahnhof Aachen eating rolls and butter purchased inside the station has been one of the most enjoyable moments in our travels. (and watching a Ponton Diesel go ripping by in addition to the multitude of other MB,VW and BMW products.) Hanging out in Munchen Hbf is interesting too. Lots of food and shops In three years of living on Oahu and working in Honolulu, we never went to pearl harbor, the Arizona Memorial, or the submarine, not because there were not interesting, but because every tourist goes there. While living on the big Island, we did on occasion go to Kona and play tourist. That is kinda a busman's holiday because a lot of the folks who go there are Hawaiians. If we stay at a hotel, it is never Mauna Kea Beach Resort, it is Keauhou Beach Hotel which caters to Kamaainas (locals) At 01:05 PM 5/7/2009, you wrote: I look white/european, but I know how to not stand out when traveling. White skin does not make you stand out at all in Mexico, since a sizable percentage of native mexican people have fairly light skin, and some even blond hair and blue eyes. What makes you stand out is dressing and acting like a rich tourist, and driving a fancy car. Bring a beat up looking car that's well maintained, and buy clothes locally that look like what everyone else is wearing and you'll blend in. I generally will wear a guyaberra (southern mexican style dress shirt) or a white T-shirt, and drive my somewhat beat up and dirty Volvo 740. I eat and go where the locals go, and avoid the tourist places. My car has american plates, which also blends in- because a lot of the cars down there were imported from the US and never had the plates changed. How you act has a lot more to do with your safety when traveling than where you are or what your race and nationality are. Taking the time to learn a few phrases in the local language doesn't hurt either. Tyler Tom Hargrave wrote: Tyler, A friend if mine travels to Mexico a lot. He's Hispanic descent and he also feels safe probably is. But I'm white and I stick out like a sore thumb in Mexico. Locals automatically know that I'm not local and I draw attention which makes me a target. Do you look like you are from the area or do you look European - American? If you look like you are from the area then you blend in will not be a target. I would not be a target in any Northern European country. Thanks, Tom Hargrave www.kegkits.com http://www.kegkits.com/JABF/ 256-656-1924 ___ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com Loren Faeth ___ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
Re: [MBZ] More from Chrysler
You're all gabachos. --R tyler wrote: I look white/european, but I know how to not stand out when traveling. White skin does not make you stand out at all in Mexico, since a sizable percentage of native mexican people have fairly light skin, and some even blond hair and blue eyes. What makes you stand out is dressing and acting like a rich tourist, and driving a fancy car. Bring a beat up looking car that's well maintained, and buy clothes locally that look like what everyone else is wearing and you'll blend in. I generally will wear a guyaberra (southern mexican style dress shirt) or a white T-shirt, and drive my somewhat beat up and dirty Volvo 740. I eat and go where the locals go, and avoid the tourist places. My car has american plates, which also blends in- because a lot of the cars down there were imported from the US and never had the plates changed. How you act has a lot more to do with your safety when traveling than where you are or what your race and nationality are. Taking the time to learn a few phrases in the local language doesn't hurt either. Tyler Tom Hargrave wrote: Tyler, A friend if mine travels to Mexico a lot. He's Hispanic descent and he also feels safe probably is. But I'm white and I stick out like a sore thumb in Mexico. Locals automatically know that I'm not local and I draw attention which makes me a target. Do you look like you are from the area or do you look European - American? If you look like you are from the area then you blend in will not be a target. I would not be a target in any Northern European country. Thanks, Tom Hargrave www.kegkits.com http://www.kegkits.com/JABF/ 256-656-1924 ___ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com ___ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
Re: [MBZ] More from Chrysler
Like Compton? An upper midwest company I used to work for was looking for cheap light industrial real estate in the LA basin to store equipment in as a regional hub for a rental business. The guy who was heading up the search knew nothing about LA. He came running in the office one day, all worked up. I found some really great property in LA CHEAP! (me) Oh, yeah? Where is it exactly? Someplace called Compton. I held my tongue. Dan --- On Thu, 5/7/09, tyler casi...@usermail.com wrote: From: tyler casi...@usermail.com Subject: Re: [MBZ] More from Chrysler To: Mercedes Discussion List mercedes@okiebenz.com Date: Thursday, May 7, 2009, 12:41 PM Fears of Mexico are irrational IMO. I've never seen a place as dangerous in Mexico as many areas here in the Los Angeles basin. Tyler ___ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
Re: [MBZ] More from Chrysler and Volksporschewagen
http://www.spiegel.de/international/business/0,1518,623423,00.html#ref=nlint Guess Roger will be able to get all his Porsche parts from the local VW dealer in the future. Perhaps we'll see a 'new' beetle with a hot Porsche engine? Hot rod transporter? Hendrik ___ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
[MBZ] More from Chrysler
Dear Employees, The U.S. Bankruptcy Court approved a process for the expeditious sale of substantially all of Chrysler LLC’s assets. This is a major step forward as it sets out a swift, clear path to achieve our goal of concluding our alliance with Fiat S.p.A. and create a new company that will be stronger and more competitive. It is crucial that this transaction be completed in a timely manner in order to secure maximum value for our stakeholders and to preserve key relationships with suppliers, dealers and other business partners. In addition, financial commitments from the U.S. and Canadian governments require the alliance with Fiat be consummated within 60 days of Chapter 11 filing on April 30. Our new labor agreements with the UAW and CAW also depend on prompt completion of the proposed Fiat alliance. As we’ve said many times before, our leadership left no stone unturned as we aggressively pursued a strategy of alliances and partnerships with other OEMs and suppliers around the world. Out of respect for the negotiating process and confidentiality requirements, we have not commented in the past on partnership talks that have not resulted in deals. However, as part of the Bankruptcy Court process, we disclosed that we have previously discussed various transactions with Nissan, General Motors, Volkswagen, Tata Motors, Magna, GAZ, Hyundai, Honda and Toyota and others over an extended period of time. These discussions did not produce any viable alternative to the proposed alliance with Fiat. It’s clear that the Fiat deal represents the best opportunity for us. The court today established a fair and orderly process to confirm that the Fiat transaction represents the best and highest bid for Chrysler’s assets, or promptly identify any other higher and better alternatives. An alternative bidder would have to surpass the value of the terms of the agreement with Fiat to be successful. Going forward, important court dates for us are: •May 20, the deadline for submission of alternative bids •May 26, the deadline for the notice of designation of lead bidder •May 27, the date for the sale hearing to consider the approval of the proposed sale It’s important to remember that during this transition time, our dealers still have great products to offer. Our quality has never been better, as shown by our 29 percent reduction in warranty claims over the last year. For the 2009 model year, we improved the fuel economy on 73 percent of our products. Our dealers not only met their concession goals, but also have continued to show tremendous enthusiasm for our company, our brands and our products in their local communities. To assist our dealers and attract consumers, we are introducing new incentives beginning today. We’re offering as much as $4,000 consumer cash on 2009 model vehicles; a $1,000 owner loyalty incentive for current Chrysler LLC vehicle owners that is good towards most 2008 and 2009 vehicles; and as much as $1,000 credit union bonus cash for qualified members who finance their new vehicle purchase through one of 1,500 participating credit unions. These incentives are valid through June 1, and they make it a great time to shop for a new Chrysler, Jeep® or Dodge. Acclaim for our new products keeps rolling in. For example, the all-new 2009 Dodge Ram 1500 came out on top in a head-to-head competition against the Chevy Silverado, Ford F-150 and Toyota Tundra conducted by Edmunds.com. Edmunds praised the Ram’s 5.7-liter V-8 engine, towing ability, axle ratio, fuel efficiency and the RamBox™ cargo storage system. The publication also raved about interior features such as the heated and vented seats, the navigation system and rear-seat DVD. We realize that thousands of pages of documents have been filed with the court. As media members scrutinize these documents that are now public, you’ll undoubtedly continue to hear and read stories about our business. I want to remind you to go to HYPERLINK http://scoop.chrysler.comThe Scoop or to HYPERLINK http://www.chryslerrestructuring.comwww.chryslerrestructuring.com to get the details on all motions and documents that have been filed in court. Once more, thank you for your sacrifices, which have helped lay the groundwork for the swift completion of this process that will enable us to emerge as a vibrant company with bright, long-term prospects. Bob Thanks, Tom Hargrave HYPERLINK http://www.kegkits.comwww.kegkits.com HYPERLINK http://www.kegkits.com/JABF/http://www.kegkits.com/JABF/ 256-656-1924 No virus found in this outgoing message. Checked by AVG. Version: 7.5.557 / Virus Database: 270.12.11/2089 - Release Date: 4/30/2009 5:53 PM -- next part -- An HTML attachment was scrubbed... URL: http://okiebenz.com/pipermail/mercedes_okiebenz.com/attachments/20090506/e4b79118/attachment.html ___ http://www.okiebenz.com For new and used parts go to
Re: [MBZ] More from Chrysler
If Fiat had any brains, they'd shut down the plants (oops they are already shut down) buy up the chrypsler assets (oops, that is the plan) and hire new employees, sans the gummit, and sans gett le finger. (Now theres a concept they can't comprehend) Lesseee... where's Fiat from, oh, yeah, one of the most corrupt so called civilized countries [waiting for the flame about being anti-onion. we wouldn't want to be realistic, would we?] At 05:35 PM 5/6/2009, you wrote: Dear Employees, The U.S. Bankruptcy Court approved a process for the expeditious sale of substantially all of Chrysler LLCs assets. This is a major step forward as it sets out a swift, clear path to achieve our goal of concluding our alliance with Fiat S.p.A. and create a new company that will be stronger and more competitive. It is crucial that this transaction be completed in a timely manner in order to secure maximum value for our stakeholders and to preserve key relationships with suppliers, dealers and other business partners. In addition, financial commitments from the U.S. and Canadian governments require the alliance with Fiat be consummated within 60 days of Chapter 11 filing on April 30. Our new labor agreements with the UAW and CAW also depend on prompt completion of the proposed Fiat alliance. As weve said many times before, our leadership left no stone unturned as we aggressively pursued a strategy of alliances and partnerships with other OEMs and suppliers around the world. Out of respect for the negotiating process and confidentiality requirements, we have not commented in the past on partnership talks that have not resulted in deals. However, as part of the Bankruptcy Court process, we disclosed that we have previously discussed various transactions with Nissan, General Motors, Volkswagen, Tata Motors, Magna, GAZ, Hyundai, Honda and Toyota and others over an extended period of time. These discussions did not produce any viable alternative to the proposed alliance with Fiat. Its clear that the Fiat deal represents the best opportunity for us. The court today established a fair and orderly process to confirm that the Fiat transaction represents the best and highest bid for Chryslers assets, or promptly identify any other higher and better alternatives. An alternative bidder would have to surpass the value of the terms of the agreement with Fiat to be successful. Going forward, important court dates for us are: May 20, the deadline for submission of alternative bids May 26, the deadline for the notice of designation of lead bidder May 27, the date for the sale hearing to consider the approval of the proposed sale Its important to remember that during this transition time, our dealers still have great products to offer. Our quality has never been better, as shown by our 29 percent reduction in warranty claims over the last year. For the 2009 model year, we improved the fuel economy on 73 percent of our products. Our dealers not only met their concession goals, but also have continued to show tremendous enthusiasm for our company, our brands and our products in their local communities. To assist our dealers and attract consumers, we are introducing new incentives beginning today. Were offering as much as $4,000 consumer cash on 2009 model vehicles; a $1,000 owner loyalty incentive for current Chrysler LLC vehicle owners that is good towards most 2008 and 2009 vehicles; and as much as $1,000 credit union bonus cash for qualified members who finance their new vehicle purchase through one of 1,500 participating credit unions. These incentives are valid through June 1, and they make it a great time to shop for a new Chrysler, Jeep® or Dodge. Acclaim for our new products keeps rolling in. For example, the all-new 2009 Dodge Ram 1500 came out on top in a head-to-head competition against the Chevy Silverado, Ford F-150 and Toyota Tundra conducted by Edmunds.com. Edmunds praised the Rams 5.7-liter V-8 engine, towing ability, axle ratio, fuel efficiency and the RamBox cargo storage system. The publication also raved about interior features such as the heated and vented seats, the navigation system and rear-seat DVD. We realize that thousands of pages of documents have been filed with the court. As media members scrutinize these documents that are now public, youll undoubtedly continue to hear and read stories about our business. I want to remind you to go to HYPERLINK http://scoop.chrysler.comThe Scoop or to HYPERLINK http://www.chryslerrestructuring.comwww.chryslerrestructuring.com to get the details on all motions and documents that have been filed in court. Once more, thank you for your sacrifices, which have helped lay the groundwork for the swift completion of this process that will enable us to emerge as a vibrant company with bright, long-term prospects. Bob Thanks, Tom Hargrave
Re: [MBZ] More from Chrysler
Second most corrupt - Mexico is ahead of them. Thanks, Tom Hargrave www.kegkits.com http://www.kegkits.com/JABF/ 256-656-1924 -Original Message- From: mercedes-boun...@okiebenz.com [mailto:mercedes-boun...@okiebenz.com] On Behalf Of Loren Faeth Sent: Wednesday, May 06, 2009 9:12 PM To: Mercedes Discussion List Subject: Re: [MBZ] More from Chrysler If Fiat had any brains, they'd shut down the plants (oops they are already shut down) buy up the chrypsler assets (oops, that is the plan) and hire new employees, sans the gummit, and sans gett le finger. (Now theres a concept they can't comprehend) Lesseee... where's Fiat from, oh, yeah, one of the most corrupt so called civilized countries [waiting for the flame about being anti-onion. we wouldn't want to be realistic, would we?] At 05:35 PM 5/6/2009, you wrote: Dear Employees, The U.S. Bankruptcy Court approved a process for the expeditious sale of substantially all of Chrysler LLC’s assets. This is a major step forward as it sets out a swift, clear path to achieve our goal of concluding our alliance with Fiat S.p.A. and create a new company that will be stronger and more competitive. It is crucial that this transaction be completed in a timely manner in order to secure maximum value for our stakeholders and to preserve key relationships with suppliers, dealers and other business partners. In addition, financial commitments from the U.S. and Canadian governments require the alliance with Fiat be consummated within 60 days of Chapter 11 filing on April 30. Our new labor agreements with the UAW and CAW also depend on prompt completion of the proposed Fiat alliance. As we’ve said many times before, our leadership left no stone unturned as we aggressively pursued a strategy of alliances and partnerships with other OEMs and suppliers around the world. Out of respect for the negotiating process and confidentiality requirements, we have not commented in the past on partnership talks that have not resulted in deals. However, as part of the Bankruptcy Court process, we disclosed that we have previously discussed various transactions with Nissan, General Motors, Volkswagen, Tata Motors, Magna, GAZ, Hyundai, Honda and Toyota and others over an extended period of time. These discussions did not produce any viable alternative to the proposed alliance with Fiat. It’s clear that the Fiat deal represents the best opportunity for us. The court today established a fair and orderly process to confirm that the Fiat transaction represents the best and highest bid for Chrysler’s assets, or promptly identify any other higher and better alternatives. An alternative bidder would have to surpass the value of the terms of the agreement with Fiat to be successful. Going forward, important court dates for us are: •May 20, the deadline for submission of alternative bids •May 26, the deadline for the notice of designation of lead bidder •May 27, the date for the sale hearing to consider the approval of the proposed sale It’s important to remember that during this transition time, our dealers still have great products to offer. Our quality has never been better, as shown by our 29 percent reduction in warranty claims over the last year. For the 2009 model year, we improved the fuel economy on 73 percent of our products. Our dealers not only met their concession goals, but also have continued to show tremendous enthusiasm for our company, our brands and our products in their local communities. To assist our dealers and attract consumers, we are introducing new incentives beginning today. We’re offering as much as $4,000 consumer cash on 2009 model vehicles; a $1,000 owner loyalty incentive for current Chrysler LLC vehicle owners that is good towards most 2008 and 2009 vehicles; and as much as $1,000 credit union bonus cash for qualified members who finance their new vehicle purchase through one of 1,500 participating credit unions. These incentives are valid through June 1, and they make it a great time to shop for a new Chrysler, Jeep® or Dodge. Acclaim for our new products keeps rolling in. For example, the all-new 2009 Dodge Ram 1500 came out on top in a head-to-head competition against the Chevy Silverado, Ford F-150 and Toyota Tundra conducted by Edmunds.com. Edmunds praised the Ram’s 5.7-liter V-8 engine, towing ability, axle ratio, fuel efficiency and the RamBox™ cargo storage system. The publication also raved about interior features such as the heated and vented seats, the navigation system and rear-seat DVD. We realize that thousands of pages of documents have been filed with the court. As media members scrutinize these documents that are now public, you’ll undoubtedly continue to hear and read stories about our business. I want to remind you to go to HYPERLINK http://scoop.chrysler.comThe Scoop or to HYPERLINK http
Re: [MBZ] More from Chrysler
I don't consider mexico to be part of the civilized world... I feel safe travelling anywhere in Italy. I don't feel safe travelling anywhere in Mexico without native, and preferably Federales protection. (Bribed of course) At 09:26 PM 5/6/2009, you wrote: Second most corrupt - Mexico is ahead of them. Thanks, Tom Hargrave Loren Faeth ___ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
Re: [MBZ] More from Chrysler
I've been to both countries and Mexico is definitely more civilized than Italy. Actually, Italy is the poorest, most dismal country I've been to in Europe. I've not been to Spain but I hear its worse. I'm talking about the real country, not the propped up tourist traps we THINK these countries are all about. Stay in the tourist areas and you leave with a very grand view of Italy, Mexico, Jamaica, etc, etc. Go too far away without some local help and you might find yourself dead over an American $20.00 bill. We Americans have a very twisted view of the world! BTW, if you can bribe someone in a poor country for protection then someone else can pay him $20.00 more than you are offering to turn against you. Thanks, Tom Hargrave www.kegkits.com http://www.kegkits.com/JABF/ 256-656-1924 -Original Message- From: mercedes-boun...@okiebenz.com [mailto:mercedes-boun...@okiebenz.com] On Behalf Of Loren Faeth Sent: Wednesday, May 06, 2009 9:56 PM To: Mercedes Discussion List Subject: Re: [MBZ] More from Chrysler I don't consider mexico to be part of the civilized world... I feel safe travelling anywhere in Italy. I don't feel safe travelling anywhere in Mexico without native, and preferably Federales protection. (Bribed of course) At 09:26 PM 5/6/2009, you wrote: Second most corrupt - Mexico is ahead of them. Thanks, Tom Hargrave Loren Faeth ___ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com No virus found in this incoming message. Checked by AVG. Version: 7.5.557 / Virus Database: 270.12.11/2089 - Release Date: 4/30/2009 5:53 PM No virus found in this outgoing message. Checked by AVG. Version: 7.5.557 / Virus Database: 270.12.11/2089 - Release Date: 4/30/2009 5:53 PM ___ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
Re: [MBZ] More from Chrysler
So Mercedes Lost another wack of money through Chrysler. Here in South Africa Mercedes currently markets and distributes Chrysler products - I wonder what happens now ? Peter 2009/4/29 Tom Hargrave tharg...@hiwaay.net UAW will have 55%, FIAT will start with less than 20% but will eventually hold 35%, The lien holders have agreed to walk away from 6.9B in debt with 2B in cash in hand, The Government will hold a stake (probably 10%) and the rest will be Cebrus. Daimler has already surrendered their 19.9% to Cebrus agreed to pay 600M to the pension fund over the next few years. Thanks, Tom Hargrave www.kegkits.com http://www.kegkits.com/JABF/ 256-656-1924 http://www.kegkits.com/JABF/%0A256-656-1924 -Original Message- From: mercedes-boun...@okiebenz.com [mailto:mercedes-boun...@okiebenz.com] On Behalf Of Allan Streib Sent: Wednesday, April 29, 2009 3:27 PM To: Mercedes Discussion List Subject: Re: [MBZ] More from Chrysler What I heard was that the UAW will have a 55% stake, Fiat 35%, and the Government 10%. What happens to all the current shareholders I don't know. On Wed, 29 Apr 2009 16:09 -0400, Mitch Haley m...@voyager.net wrote: Bloomberg reports that according to people with direct knowledge of the situation, President Obama aims to announce a Chrysler bankruptcy tomorrow and say a Chrysler-Fiat alliance would be created in bankruptcy. :theflyonthewall.com ___ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com ___ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com No virus found in this incoming message. Checked by AVG. Version: 7.5.557 / Virus Database: 270.12.7/2085 - Release Date: 4/28/2009 6:02 PM No virus found in this outgoing message. Checked by AVG. Version: 7.5.557 / Virus Database: 270.12.7/2085 - Release Date: 4/28/2009 6:02 PM ___ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com -- next part -- An HTML attachment was scrubbed... URL: http://okiebenz.com/pipermail/mercedes_okiebenz.com/attachments/20090501/22eeea35/attachment.html ___ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
Re: [MBZ] More from Chrysler
Peter Merle wrote: So Mercedes Lost another wack of money through Chrysler. Here in South Africa Mercedes currently markets and distributes Chrysler products - I wonder what happens now ? You'll get them at the Fiat dealer? Mitch. ___ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
Re: [MBZ] More from Chrysler
On Wed, 29 Apr 2009 16:49 -0500, Tom Hargrave tharg...@hiwaay.net wrote: What current shareholders? Chrysler is a private company. Oops, I assumed it was public. Allan ___ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
Re: [MBZ] More from Chrysler
Interesting that the UAW contract negotiations will now be with companies that they effectively control. On Wed, 29 Apr 2009 19:05 -0400, Mitch Haley m...@voyager.net wrote: I saw a plan for GM that issued approximately 100x as many shares as currently outstanding to the UAW, govt, and lenders. After which the stock would be reverse split 1:100 to restore the number of shares to its previous level. The preexisting shareholders would then own about 1% of the new shares. The existing bondholders would get a larger pittance, but the union and the feds would end up with the vast majority of the ownership. I'd rather see them go BK and the bondholders end up with it all. ___ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
Re: [MBZ] More from Chrysler
Allan Streib wrote: Interesting that the UAW contract negotiations will now be with companies that they effectively control. They've been getting monopoly pricing on labor, but with the union sitting at BOTH sides of the negotiation table, somehow I think the workers' share of the pie will get smaller and the UAW's will get bigger. Mitch. ___ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
Re: [MBZ] More from Chrysler
Mitch wrote: somehow I think the workers' share of the pie will get smaller and the UAW's will get bigger. Let it happen. We are such a kulture of you owe me that we are bankrupting ourselves - self-castration if you will. I mean - listen to any news and the whole tenor these days is that the gov't will do everything. Soon, they will be at my back door telling me I cannot wrench on my own car because I am not federally approved to own wrenches - if I make a boo-boo in my car repair and the kulture reaps the benefits of broken stuff/people - it might kum to this. They are already ramping up to tell me my 84 240D doesn't have enuf electro-gizmo for the roads in the kulture today. BAH!! mao ___ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
Re: [MBZ] More from Chrysler
Mountain Man wrote: They are already ramping up to tell me my 84 240D doesn't have enuf electro-gizmo for the roads in the kulture today. BAH!! Heck yes, your car has those illegal EMP countermeasures in it. They'll ban that right after they get around to banning bullet resistant clothing for peons. Can't have serfs like you driving cars that can't be electronically disabled by the overlords. Mitch. ___ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
Re: [MBZ] More from Chrysler
What a load of crap! This stuff was already in the works before he was elected, and has major public support. He has said that he doesn't like this, but doesn't see any other option but to let the US auto industry collapse- which he promised he wouldn't do during the campaign. I guarantee the government will sell it's shares in the auto industry to investors in the private sector as soon as they get a chance. I personally am not sure they should have tried to save the US auto industry, but I do think that this was probably the only way to do it. He's doing exactly what he promised voters- nothing more or less. To quote Jon Stewart: I think you might be confusing tyranny with losing. And I feel for you, because I've been there. A few times. In fact, one of them was a bit of a nail-biter. But see, when the guy that you disagree with gets elected, he's probably going to do things you disagree with. He could cut taxes on the wealthy, remove government's oversight capability, invade a country that you thought should not be invaded, but that's not tyranny. That's democracy. See, now you're in the minority. It's supposed to taste like a shit taco. Tyler Loren Faeth wrote: You got it! that is how BO works. BO wants to run everything, confiscate all he can get away with and tell you he did it for your good. Ever hear of Lenin? ___ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
Re: [MBZ] More from Chrysler
Fiat will take a controlling share in Chrysler as soon as they pay back their bailout money Loren Faeth wrote: You got it! that is how BO works. BO wants to run everything, confiscate all he can get away with and tell you he did it for your good. Ever hear of Lenin? ___ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
Re: [MBZ] More from Chrysler
tyler wrote: What a load of crap! Don't complain to me, I never voted for that walking load of crap. Mitch. ___ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
Re: [MBZ] More from Chrysler
'Thought Listdaddy had banned the political BS. Wilton - Original Message - From: Mitch Haley m...@voyager.net To: Mercedes Discussion List mercedes@okiebenz.com Sent: Thursday, April 30, 2009 2:14 PM Subject: Re: [MBZ] More from Chrysler tyler wrote: What a load of crap! Don't complain to me, I never voted for that walking load of crap. Mitch. ___ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com ___ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
Re: [MBZ] More from Chrysler
WILTON wrote: 'Thought Listdaddy had banned the political BS. Sorry Wilton, when Tyler called the POTUS a load of crap, I though I was on the other list. Mitch. ___ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
Re: [MBZ] More from Chrysler
Please re-read my post, especially the part where I quote I think you might be confusing tyranny with losing. I was calling Loren's suggestion that the president was analogous to Lenin a load of crap. Tyler Mitch Haley wrote: WILTON wrote: 'Thought Listdaddy had banned the political BS. Sorry Wilton, when Tyler called the POTUS a load of crap, I though I was on the other list. Mitch. ___ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
Re: [MBZ] More from Chrysler
OK, time to take this load of crap over to banned or banned lite. tyler wrote: Please re-read my post, especially the part where I quote I think you might be confusing tyranny with losing. I was calling Loren's suggestion that the president was analogous to Lenin a load of crap. Tyler Mitch Haley wrote: WILTON wrote: 'Thought Listdaddy had banned the political BS. Sorry Wilton, when Tyler called the POTUS a load of crap, I though I was on the other list. Mitch. ___ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com No virus found in this incoming message. Checked by AVG - www.avg.com Version: 8.0.238 / Virus Database: 270.12.10/2088 - Release Date: 04/30/09 06:01:00 -- Kaleb C. Striplin/Claremore, OK 95 E300, 92 500SEL, 92 300SD, 92 300E 4Matic, 91 300D, 91 300E, 89 560SEL, 87 300SDL x2, 85 380SE 5.0 Euro, 85 190D, 84 190D, 84 300D euro manny, 81 240D, 80 240D, 76 240D, 76 300D, http://www.okiebenz.com -- next part -- An HTML attachment was scrubbed... URL: http://okiebenz.com/pipermail/mercedes_okiebenz.com/attachments/20090430/de3225f6/attachment.html ___ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
[MBZ] More from Chrysler
I posted this latest release for those would rather read detail than trash a company they know very little about. Dear Chrysler Employees: This is a historic day for Chrysler. As a result of the comprehensive restructuring plan agreed to by many of our stakeholders, I am very pleased to report that Chrysler LLC and Fiat S.p.A. have reached an agreement in principle to establish a global strategic alliance. This agreement creates a new, competitive, global car company that will take over a majority of Chrysler’s operations. With the completion of this alliance, Chrysler will be repositioned for long-term success, validating the great efforts and sacrifices that you have made to help us get to this momentous point. In addition to the alliance news today, I announced to Chrysler’s Board of Management and our senior leadership as well as the U.S. Treasury that I plan to leave the company and return to Cerberus Capital Management as an advisor. With the U.S. government approval of our viability plan and the completion of an agreement in principle for the alliance, this is an appropriate time to let others take the lead in transformation of Chrysler with Fiat. I will work closely with all of our stakeholders to complete the restructuring and see that this new company swiftly emerges with a successful closing of the alliance. This alliance will enable Chrysler to move forward as part of a new company with significant strategic advantages, including access to high quality, fuel-efficient small and compact vehicles, as well as platforms, powertrain technologies and components that will be produced at Chrysler manufacturing sites. Together, Chrysler and Fiat will bring a range of exciting, new fuel-efficient vehicles to North American consumers, helping stimulate growth in this segment. The alliance also will allow Chrysler and Fiat to fully optimize our respective manufacturing footprints and global supplier base. Each company will gain access to new markets, including distribution of Chrysler vehicles to areas outside of North America, and potential distribution of Fiat vehicles through Chrysler’s dealerships in North America. As you know, Chrysler initiated discussions with Fiat more than a year ago to develop plans for a global product alliance. Chrysler and many of its stakeholders worked tirelessly to agree upon concessions that will result in a significantly lower cost base and enable fulfillment of a broader strategic alliance. Despite substantial progress on many fronts, we were not able to obtain the necessary concessions from all of our lenders. As a result, under the direction of the U.S. Treasury, Chrysler LLC and 24 of its wholly owned U.S. subsidiaries today filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code in U.S. Bankruptcy Court for the Southern District of New York. Even though total agreement on concessions was not possible, I am truly grateful for all that has been sacrificed, on the part of many of Chrysler’s stakeholders to reach an agreement in principle with Fiat. My number one priority has been to preserve Chrysler and the livelihoods of thousands of people who depend on its success. While I am excited about the creation of the global alliance, I am personally disappointed that today Chrysler has filed for Chapter 11. This was not my first choice. It’s very important to make clear that, because of the amount of work we’ve already done prior to filing for Chapter 11, this will be a very different kind of process than you may have seen with other companies. With this “structured bankruptcy” filing, we will submit a motion under Section 363 of the Bankruptcy Code requesting the court to swiftly approve the agreement with Fiat and the sale of Chrysler’s principal assets to the new company we are forming with Fiat. The benefit of this type of filing is speed. It will allow a leaner new company to emerge in a matter of 30 to 60 days, well positioned for long-term viability. It’s also very important to note that Chrysler’s Canadian, Mexican and other international operations are not part of any bankruptcy filing. The substantial majority of Chrysler’s assets, operations, plants and people will be transferred to the new company, while assets and liabilities that are not consistent with our business plan will remain with the old company for disposition. Under the supervision of the court, and with the cooperation of the U.S. Treasury, the new company will quickly emerge from bankruptcy as a restructured and financially healthy organization. The old company and its remaining assets will proceed through a Chapter 11 process during which these assets may be sold or otherwise liquidated. Chrysler is in the process of identifying and finalizing the list of assets that will be disposed of through this process. Once this is complete and we are asked to share it with the court, we also will share it with you. Chrysler also will file “First Day” motions with the
Re: [MBZ] More from Chrysler
Looks like they are going to have plenty of layoffs there. Tom Hargrave wrote: I posted this latest release for those would rather read detail than trash a company they know very little about. Dear Chrysler Employees: This is a historic day for Chrysler. As a result of the comprehensive restructuring plan agreed to by many of our stakeholders, I am very pleased to report that Chrysler LLC and Fiat S.p.A. have reached an agreement in principle to establish a global strategic alliance. This agreement creates a new, competitive, global car company that will take over a majority of Chrysler’s operations. With the completion of this alliance, Chrysler will be repositioned for long-term success, validating the great efforts and sacrifices that you have made to help us get to this momentous point. In addition to the alliance news today, I announced to Chrysler’s Board of Management and our senior leadership as well as the U.S. Treasury that I plan to leave the company and return to Cerberus Capital Management as an advisor. With the U.S. government approval of our viability plan and the completion of an agreement in principle for the alliance, this is an appropriate time to let others take the lead in transformation of Chrysler with Fiat. I will work closely with all of our stakeholders to complete the restructuring and see that this new company swiftly emerges with a successful closing of the alliance. This alliance will enable Chrysler to move forward as part of a new company with significant strategic advantages, including access to high quality, fuel-efficient small and compact vehicles, as well as platforms, powertrain technologies and components that will be produced at Chrysler manufacturing sites. Together, Chrysler and Fiat will bring a range of exciting, new fuel-efficient vehicles to North American consumers, helping stimulate growth in this segment. The alliance also will allow Chrysler and Fiat to fully optimize our respective manufacturing footprints and global supplier base. Each company will gain access to new markets, including distribution of Chrysler vehicles to areas outside of North America, and potential distribution of Fiat vehicles through Chrysler’s dealerships in North America. As you know, Chrysler initiated discussions with Fiat more than a year ago to develop plans for a global product alliance. Chrysler and many of its stakeholders worked tirelessly to agree upon concessions that will result in a significantly lower cost base and enable fulfillment of a broader strategic alliance. Despite substantial progress on many fronts, we were not able to obtain the necessary concessions from all of our lenders. As a result, under the direction of the U.S. Treasury, Chrysler LLC and 24 of its wholly owned U.S. subsidiaries today filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code in U.S. Bankruptcy Court for the Southern District of New York. Even though total agreement on concessions was not possible, I am truly grateful for all that has been sacrificed, on the part of many of Chrysler’s stakeholders to reach an agreement in principle with Fiat. My number one priority has been to preserve Chrysler and the livelihoods of thousands of people who depend on its success. While I am excited about the creation of the global alliance, I am personally disappointed that today Chrysler has filed for Chapter 11. This was not my first choice. It’s very important to make clear that, because of the amount of work we’ve already done prior to filing for Chapter 11, this will be a very different kind of process than you may have seen with other companies. With this “structured bankruptcy” filing, we will submit a motion under Section 363 of the Bankruptcy Code requesting the court to swiftly approve the agreement with Fiat and the sale of Chrysler’s principal assets to the new company we are forming with Fiat. The benefit of this type of filing is speed. It will allow a leaner new company to emerge in a matter of 30 to 60 days, well positioned for long-term viability. It’s also very important to note that Chrysler’s Canadian, Mexican and other international operations are not part of any bankruptcy filing. The substantial majority of Chrysler’s assets, operations, plants and people will be transferred to the new company, while assets and liabilities that are not consistent with our business plan will remain with the old company for disposition. Under the supervision of the court, and with the cooperation of the U.S. Treasury, the new company will quickly emerge from bankruptcy as a restructured and financially healthy organization. The old company and its remaining assets will proceed through a Chapter 11 process during which these assets may be sold or otherwise liquidated. Chrysler is in the process of identifying and finalizing the list of assets that will be disposed of through this process. Once this is complete and we are asked to share it with the
Re: [MBZ] More from Chrysler
mao, you might like this as a start: **Begin quote** 1125 A.D. In this year before Christmas King Henry sent from Normandy to England and gave instructions that all moneyers ... be deprived of their members ... Bishop Roger of Salisbury commanded them all to assemble at Winchester by Christmas. When they came hither they were then taken one by one, and each deprived of the right hand and the testicles below. All this was done in twelve days between Christmas and Epiphany, and was entirely justified because they had ruined the whole country by the magnitude of their fraud which they paid for in full. - The Laud Chronicle (E) Taxpayers deserve reliable protection and with sufficient outrage will likely move rationally to at least limit financial adventurers in government. © 2004 Janice Dorn, M.D., Ph.D. Contributor http://www.tacticalinvestor.comwww.tacticalinvestor.com ***End quote (not endorsing the source, just giving credit for the quote) Since the king will not demand such, it is time for the peasants to take up pitchforks Participate in your local tea party, Vote out the incumbents. At 11:24 AM 4/30/2009, you wrote: Mitch wrote: somehow I think the workers' share of the pie will get smaller and the UAW's will get bigger. Let it happen. We are such a kulture of you owe me that we are bankrupting ourselves - self-castration if you will. I mean - listen to any news and the whole tenor these days is that the gov't will do everything. Soon, they will be at my back door telling me I cannot wrench on my own car because I am not federally approved to own wrenches - if I make a boo-boo in my car repair and the kulture reaps the benefits of broken stuff/people - it might kum to this. They are already ramping up to tell me my 84 240D doesn't have enuf electro-gizmo for the roads in the kulture today. BAH!! mao ___ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com Loren Faeth -- next part -- An HTML attachment was scrubbed... URL: http://okiebenz.com/pipermail/mercedes_okiebenz.com/attachments/20090430/a46a0a8a/attachment.html ___ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
Re: [MBZ] More from Chrysler
tyler wrote: Fiat will take a controlling share in Chrysler as soon as they pay back their bailout money The story in this week's Economist about the guy at Fiat says he is like a bull in china closet and pays no attention to corporate kulture - I say kewl!! mao ___ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
Re: [MBZ] More from Chrysler
Loren wrote: and each deprived of the right hand and the testicles below. © 2004 Janice Dorn, M.D., Ph.D. From a Dr. Janice? She is humping for business, I say. mao ___ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
Re: [MBZ] More from Chrysler
Thanks Kaleb. Dwight Dwight E. Giles, Jr. 1978 240D 4 speed. 218K miles. 1979 240D- auto -250K + miles. (SOLD). 1990 300D 2.5t 160K miles. Wickford, RI -Original Message- From: mercedes-boun...@okiebenz.com [mailto:mercedes-boun...@okiebenz.com] On Behalf Of Kaleb C. Striplin Sent: Thursday, April 30, 2009 6:06 PM To: Mercedes Discussion List Subject: Re: [MBZ] More from Chrysler OK, time to take this load of crap over to banned or banned lite. ___ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
Re: [MBZ] More from Chrysler
Bloomberg reports that according to people with direct knowledge of the situation, President Obama aims to announce a Chrysler bankruptcy tomorrow and say a Chrysler-Fiat alliance would be created in bankruptcy. :theflyonthewall.com ___ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
Re: [MBZ] More from Chrysler
I guess the bailout money has gone to the UAW then. --R Mitch Haley wrote: Bloomberg reports that according to people with direct knowledge of the situation, President Obama aims to announce a Chrysler bankruptcy tomorrow and say a Chrysler-Fiat alliance would be created in bankruptcy. :theflyonthewall.com ___ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com ___ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
Re: [MBZ] More from Chrysler
What I heard was that the UAW will have a 55% stake, Fiat 35%, and the Government 10%. What happens to all the current shareholders I don't know. On Wed, 29 Apr 2009 16:09 -0400, Mitch Haley m...@voyager.net wrote: Bloomberg reports that according to people with direct knowledge of the situation, President Obama aims to announce a Chrysler bankruptcy tomorrow and say a Chrysler-Fiat alliance would be created in bankruptcy. :theflyonthewall.com ___ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com ___ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
Re: [MBZ] More from Chrysler
OK, so let's get this straight. Big Brother (the Government) gave Chrysler a deadline of the 30th to announce a acceptable merger with FIAT. And according to my direct insider information, Chrysler will make that deadline. But you are telling me that the President of Big Brother (the Government) will tell Chrysler that they must file bankruptcy anyway??? I don't think so. If it really happens this way then we live in scary times. Back in my younger days, the only Governments in the world with this much power over individuals and corporations were the USSR and China and they were the bad guys! Thanks, Tom Hargrave www.kegkits.com http://www.kegkits.com/JABF/ 256-656-1924 -Original Message- From: mercedes-boun...@okiebenz.com [mailto:mercedes-boun...@okiebenz.com] On Behalf Of Mitch Haley Sent: Wednesday, April 29, 2009 3:10 PM To: Mercedes Discussion List Subject: Re: [MBZ] More from Chrysler Bloomberg reports that according to people with direct knowledge of the situation, President Obama aims to announce a Chrysler bankruptcy tomorrow and say a Chrysler-Fiat alliance would be created in bankruptcy. :theflyonthewall.com ___ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com No virus found in this incoming message. Checked by AVG. Version: 7.5.557 / Virus Database: 270.12.7/2085 - Release Date: 4/28/2009 6:02 PM No virus found in this outgoing message. Checked by AVG. Version: 7.5.557 / Virus Database: 270.12.7/2085 - Release Date: 4/28/2009 6:02 PM ___ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
Re: [MBZ] More from Chrysler
UAW will have 55%, FIAT will start with less than 20% but will eventually hold 35%, The lien holders have agreed to walk away from 6.9B in debt with 2B in cash in hand, The Government will hold a stake (probably 10%) and the rest will be Cebrus. Daimler has already surrendered their 19.9% to Cebrus agreed to pay 600M to the pension fund over the next few years. Thanks, Tom Hargrave www.kegkits.com http://www.kegkits.com/JABF/ 256-656-1924 -Original Message- From: mercedes-boun...@okiebenz.com [mailto:mercedes-boun...@okiebenz.com] On Behalf Of Allan Streib Sent: Wednesday, April 29, 2009 3:27 PM To: Mercedes Discussion List Subject: Re: [MBZ] More from Chrysler What I heard was that the UAW will have a 55% stake, Fiat 35%, and the Government 10%. What happens to all the current shareholders I don't know. On Wed, 29 Apr 2009 16:09 -0400, Mitch Haley m...@voyager.net wrote: Bloomberg reports that according to people with direct knowledge of the situation, President Obama aims to announce a Chrysler bankruptcy tomorrow and say a Chrysler-Fiat alliance would be created in bankruptcy. :theflyonthewall.com ___ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com ___ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com No virus found in this incoming message. Checked by AVG. Version: 7.5.557 / Virus Database: 270.12.7/2085 - Release Date: 4/28/2009 6:02 PM No virus found in this outgoing message. Checked by AVG. Version: 7.5.557 / Virus Database: 270.12.7/2085 - Release Date: 4/28/2009 6:02 PM ___ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
Re: [MBZ] More from Chrysler
On Wed, 29 Apr 2009 16:26 -0500, Tom Hargrave tharg...@hiwaay.net wrote: UAW will have 55%, FIAT will start with less than 20% but will eventually hold 35%, The lien holders have agreed to walk away from 6.9B in debt with 2B in cash in hand, The Government will hold a stake (probably 10%) OK so: 55% UAW 35% FIAT 10% Big Brother 100% So what happens to the current shareholders? Their shares just evaporate ? Allan ___ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
Re: [MBZ] More from Chrysler
What current shareholders? Chrysler is a private company. And the split is: 55% UAW 20% FIAT 17% Cebrus 10% Big Brother 100% Assuming FIAT gets 20% up front. I'm told that they will get less because Big Brother does not want them to have controlling interest until Big Brother is out of the picture. Thanks, Tom Hargrave www.kegkits.com http://www.kegkits.com/JABF/ 256-656-1924 -Original Message- From: mercedes-boun...@okiebenz.com [mailto:mercedes-boun...@okiebenz.com] On Behalf Of Allan Streib Sent: Wednesday, April 29, 2009 4:32 PM To: Mercedes Discussion List Subject: Re: [MBZ] More from Chrysler On Wed, 29 Apr 2009 16:26 -0500, Tom Hargrave tharg...@hiwaay.net wrote: UAW will have 55%, FIAT will start with less than 20% but will eventually hold 35%, The lien holders have agreed to walk away from 6.9B in debt with 2B in cash in hand, The Government will hold a stake (probably 10%) OK so: 55% UAW 35% FIAT 10% Big Brother 100% So what happens to the current shareholders? Their shares just evaporate ? Allan ___ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com No virus found in this incoming message. Checked by AVG. Version: 7.5.557 / Virus Database: 270.12.7/2085 - Release Date: 4/28/2009 6:02 PM No virus found in this outgoing message. Checked by AVG. Version: 7.5.557 / Virus Database: 270.12.7/2085 - Release Date: 4/28/2009 6:02 PM ___ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
Re: [MBZ] More from Chrysler
Allan Streib wrote: What I heard was that the UAW will have a 55% stake, Fiat 35%, and the Government 10%. What happens to all the current shareholders I don't know. I saw a plan for GM that issued approximately 100x as many shares as currently outstanding to the UAW, govt, and lenders. After which the stock would be reverse split 1:100 to restore the number of shares to its previous level. The preexisting shareholders would then own about 1% of the new shares. The existing bondholders would get a larger pittance, but the union and the feds would end up with the vast majority of the ownership. I'd rather see them go BK and the bondholders end up with it all. Mitch. ___ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
Re: [MBZ] More from Chrysler
Careful! Tom will label you as anti-union and send the thugs out to help you change your mind! At 03:14 PM 4/29/2009, you wrote: I guess the bailout money has gone to the UAW then. --R Loren Faeth ___ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
Re: [MBZ] More from Chrysler
Yes? At 04:21 PM 4/29/2009, you wrote: OK, so let's get this straight. Big Brother (the Government) gave Chrysler a deadline of the 30th to announce a acceptable merger with FIAT. And according to my direct insider information, Chrysler will make that deadline. But you are telling me that the President of Big Brother (the Government) will tell Chrysler that they must file bankruptcy anyway??? I don't think so. If it really happens this way then we live in scary times. Back in my younger days, the only Governments in the world with this much power over individuals and corporations were the USSR and China and they were the bad guys! Thanks, Tom Hargrave www.kegkits.com http://www.kegkits.com/JABF/ 256-656-1924 -Original Message- From: mercedes-boun...@okiebenz.com [mailto:mercedes-boun...@okiebenz.com] On Behalf Of Mitch Haley Sent: Wednesday, April 29, 2009 3:10 PM To: Mercedes Discussion List Subject: Re: [MBZ] More from Chrysler Bloomberg reports that according to people with direct knowledge of the situation, President Obama aims to announce a Chrysler bankruptcy tomorrow and say a Chrysler-Fiat alliance would be created in bankruptcy. :theflyonthewall.com ___ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com No virus found in this incoming message. Checked by AVG. Version: 7.5.557 / Virus Database: 270.12.7/2085 - Release Date: 4/28/2009 6:02 PM No virus found in this outgoing message. Checked by AVG. Version: 7.5.557 / Virus Database: 270.12.7/2085 - Release Date: 4/28/2009 6:02 PM ___ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com Loren Faeth ___ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
Re: [MBZ] More from Chrysler
You got it! that is how BO works. BO wants to run everything, confiscate all he can get away with and tell you he did it for your good. Ever hear of Lenin? At 04:32 PM 4/29/2009, you wrote: On Wed, 29 Apr 2009 16:26 -0500, Tom Hargrave tharg...@hiwaay.net wrote: UAW will have 55%, FIAT will start with less than 20% but will eventually hold 35%, The lien holders have agreed to walk away from 6.9B in debt with 2B in cash in hand, The Government will hold a stake (probably 10%) OK so: 55% UAW 35% FIAT 10% Big Brother 100% So what happens to the current shareholders? Their shares just evaporate ? Allan ___ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com Loren Faeth ___ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
Re: [MBZ] More from Chrysler
And who is BO - is it Big Oil? They are nowhere in the numbers. Thanks, Tom Hargrave www.kegkits.com http://www.kegkits.com/JABF/ 256-656-1924 -Original Message- From: mercedes-boun...@okiebenz.com [mailto:mercedes-boun...@okiebenz.com] On Behalf Of Loren Faeth Sent: Wednesday, April 29, 2009 7:11 PM To: Mercedes Discussion List Subject: Re: [MBZ] More from Chrysler You got it! that is how BO works. BO wants to run everything, confiscate all he can get away with and tell you he did it for your good. Ever hear of Lenin? At 04:32 PM 4/29/2009, you wrote: On Wed, 29 Apr 2009 16:26 -0500, Tom Hargrave tharg...@hiwaay.net wrote: UAW will have 55%, FIAT will start with less than 20% but will eventually hold 35%, The lien holders have agreed to walk away from 6.9B in debt with 2B in cash in hand, The Government will hold a stake (probably 10%) OK so: 55% UAW 35% FIAT 10% Big Brother 100% So what happens to the current shareholders? Their shares just evaporate ? Allan ___ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com Loren Faeth ___ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com No virus found in this incoming message. Checked by AVG. Version: 7.5.557 / Virus Database: 270.12.7/2085 - Release Date: 4/28/2009 6:02 PM No virus found in this outgoing message. Checked by AVG. Version: 7.5.557 / Virus Database: 270.12.7/2085 - Release Date: 4/28/2009 6:02 PM ___ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
Re: [MBZ] More from Chrysler
So. Your solution to this issue about 6 months ago would have been to let GM and Chrysler go under without any Government bailout funds? I'm surprised you think BO started this bailout process. On Wed, Apr 29, 2009 at 5:11 PM, Loren Faeth lfa...@leadingchange.com wrote: You got it! that is how BO works. BO wants to run everything, confiscate all he can get away with and tell you he did it for your good. Ever hear of Lenin? At 04:32 PM 4/29/2009, you wrote: On Wed, 29 Apr 2009 16:26 -0500, Tom Hargrave tharg...@hiwaay.net wrote: UAW will have 55%, FIAT will start with less than 20% but will eventually hold 35%, The lien holders have agreed to walk away from 6.9B in debt with 2B in cash in hand, The Government will hold a stake (probably 10%) OK so: 55% UAW 35% FIAT 10% Big Brother 100% So what happens to the current shareholders? Their shares just evaporate ? Allan ___ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com Loren Faeth ___ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com ___ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
Re: [MBZ] More from Chrysler
John Freer wrote: So. Your solution to this issue about 6 months ago would have been to let GM and Chrysler go under without any Government bailout funds? I'm surprised you think BO started this bailout process. He voted for bailouts every chance he got, in a term when he had a very poor record for actually showing up and voting. I think gun control and bailouts were the only things he scored 100% on. Mitch. ___ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
Re: [MBZ] More from Chrysler
The Prez, BO, the bamster At 07:37 PM 4/29/2009, you wrote: And who is BO - is it Big Oil? They are nowhere in the numbers. Thanks, Tom Hargrave www.kegkits.com http://www.kegkits.com/JABF/ 256-656-1924 -Original Message- From: mercedes-boun...@okiebenz.com [mailto:mercedes-boun...@okiebenz.com] On Behalf Of Loren Faeth Sent: Wednesday, April 29, 2009 7:11 PM To: Mercedes Discussion List Subject: Re: [MBZ] More from Chrysler You got it! that is how BO works. BO wants to run everything, confiscate all he can get away with and tell you he did it for your good. Ever hear of Lenin? At 04:32 PM 4/29/2009, you wrote: On Wed, 29 Apr 2009 16:26 -0500, Tom Hargrave tharg...@hiwaay.net wrote: UAW will have 55%, FIAT will start with less than 20% but will eventually hold 35%, The lien holders have agreed to walk away from 6.9B in debt with 2B in cash in hand, The Government will hold a stake (probably 10%) OK so: 55% UAW 35% FIAT 10% Big Brother 100% So what happens to the current shareholders? Their shares just evaporate ? Allan ___ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com Loren Faeth ___ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com No virus found in this incoming message. Checked by AVG. Version: 7.5.557 / Virus Database: 270.12.7/2085 - Release Date: 4/28/2009 6:02 PM No virus found in this outgoing message. Checked by AVG. Version: 7.5.557 / Virus Database: 270.12.7/2085 - Release Date: 4/28/2009 6:02 PM ___ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com Loren Faeth ___ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
Re: [MBZ] More from Chrysler
BINGO!! But, I have already said too much for this list. Tom Hargrave wrote: If it really happens this way then we live in scary times. Back in my younger days, the only Governments in the world with this much power over individuals and corporations were the USSR and China and they were the bad guys! Thanks, Tom Hargrave www.kegkits.com http://www.kegkits.com/JABF/ 256-656-1924 -- Kaleb C. Striplin/Claremore, OK 95 E300, 92 500SEL, 92 300SD, 92 300E 4Matic, 91 300D, 91 300E, 89 560SEL, 87 300SDL x2, 85 380SE 5.0 Euro, 85 190D, 84 190D, 84 300D euro manny, 81 240D, 80 240D, 76 240D, 76 300D, http://www.okiebenz.com ___ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
Re: [MBZ] More from Chrysler
Oh, that guy, the one who stated today that he wants to build a stronger auto industry. What's he going to do next, make stronger toilet paper? Personally fly to the moon? Solve the immigration problem with a stroke of a pen? What business does the President and Commander in Chief have meddling with the auto industry? I better be careful lest I get chastised for being too political on this list. Thanks, Tom Hargrave www.kegkits.com http://www.kegkits.com/JABF/ 256-656-1924 -Original Message- From: mercedes-boun...@okiebenz.com [mailto:mercedes-boun...@okiebenz.com] On Behalf Of Loren Faeth Sent: Wednesday, April 29, 2009 8:59 PM To: Mercedes Discussion List Subject: Re: [MBZ] More from Chrysler The Prez, BO, the bamster At 07:37 PM 4/29/2009, you wrote: And who is BO - is it Big Oil? They are nowhere in the numbers. Thanks, Tom Hargrave www.kegkits.com http://www.kegkits.com/JABF/ 256-656-1924 -Original Message- From: mercedes-boun...@okiebenz.com [mailto:mercedes-boun...@okiebenz.com] On Behalf Of Loren Faeth Sent: Wednesday, April 29, 2009 7:11 PM To: Mercedes Discussion List Subject: Re: [MBZ] More from Chrysler You got it! that is how BO works. BO wants to run everything, confiscate all he can get away with and tell you he did it for your good. Ever hear of Lenin? At 04:32 PM 4/29/2009, you wrote: On Wed, 29 Apr 2009 16:26 -0500, Tom Hargrave tharg...@hiwaay.net wrote: UAW will have 55%, FIAT will start with less than 20% but will eventually hold 35%, The lien holders have agreed to walk away from 6.9B in debt with 2B in cash in hand, The Government will hold a stake (probably 10%) OK so: 55% UAW 35% FIAT 10% Big Brother 100% So what happens to the current shareholders? Their shares just evaporate ? Allan ___ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com Loren Faeth ___ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com No virus found in this incoming message. Checked by AVG. Version: 7.5.557 / Virus Database: 270.12.7/2085 - Release Date: 4/28/2009 6:02 PM No virus found in this outgoing message. Checked by AVG. Version: 7.5.557 / Virus Database: 270.12.7/2085 - Release Date: 4/28/2009 6:02 PM ___ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com Loren Faeth ___ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com No virus found in this incoming message. Checked by AVG. Version: 7.5.557 / Virus Database: 270.12.7/2085 - Release Date: 4/28/2009 6:02 PM No virus found in this outgoing message. Checked by AVG. Version: 7.5.557 / Virus Database: 270.12.7/2085 - Release Date: 4/28/2009 6:02 PM ___ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
Re: [MBZ] More from Chrysler
The Truth About Cars and Trucks http://online.wsj.com/article/SB124096698307566437.html --R -- next part -- An HTML attachment was scrubbed... URL: http://okiebenz.com/pipermail/mercedes_okiebenz.com/attachments/20090429/7937ca96/attachment.html ___ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
Re: [MBZ] More from Chrysler
and they were the bad guys! yes, and those people still ARE bad guys! Only now they are closer to home! At 09:18 PM 4/29/2009, you wrote: BINGO!! But, I have already said too much for this list. Tom Hargrave wrote: If it really happens this way then we live in scary times. Back in my younger days, the only Governments in the world with this much power over individuals and corporations were the USSR and China and they were the bad guys! Thanks, Tom Hargrave Loren Faeth ___ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
[MBZ] More from Chrysler
Dear Colleagues, The global economy can’t turn on a dime. Nor can an industry such as ours, even with all the best people working as hard as they can. It still takes time, and it can be frustrating because it takes so long to see results. And it’s even more difficult to see positive results in the midst of an economic crisis marked by frozen credit markets and shaky consumer confidence. But in spite of the challenges, there also are some positive developments. From that perspective, I’d like to share some of my thoughts with you. Let’s start with February sales in the U.S. market. The real news is that we gained 1.4 points of retail market share in February compared with a year ago, coming in with an 11 percent share. Chrysler climbed to the No. 2 spot in retail sales among U.S.-based automakers last month, beating Ford—an accomplishment highlighted by the Dodge Challenger outselling the Ford Mustang coupe and convertible combined. Although our retail sales fell 26 percent last month, we outpaced the overall industry, which saw retail sales drop 35 percent. When you factor in a 71 percent reduction in fleet, our overall sales were off 44 percent in February. This is the number most widely reported in the media. But keep in mind, we made a strategic decision to reduce fleet sales over the past year-and-a-half. When there are too many fleet vehicles in our mix, it hurts our profits, our customers, our dealers and eventually the resale value of our vehicles. Our dealers did a great job of selling last month, aided by Chrysler Financial’s more aggressive support for consumer financing. We also maintained a consistent marketing and advertising presence with a clear focus on value and quality, and customers are starting to recognize this in our products. Our dealers and our company committed to a singular marketing strategy based on “Employee Pricing Plus Plus,” with advertising dollars efficiently targeted to the same message. In addition, both dealers and the company contributed to aggressive pricing actions that gave us a competitive advantage in the marketplace, especially in Ram trucks and minivans. On the financing side, the combined total number of contracts financed by Chrysler Financial and credit unions doubled from approximately 20,000 in January to 40,000 in February. Chrysler Financial’s approval rate increased by 50 percent, to 70 percent. In all, we were significantly closer to historical levels of financing in February vs. January. I want to emphasize that no government loan money was used to fund customer incentives. Our incentive spending is in line with our overall budget plans and reflects the position needed in the marketplace today to achieve our volume targets. We’re looking to build on our momentum in March, as we continue our “Employee Pricing Plus Plus” program and add the availability of a “no charge HEMI®” on the Dodge Ram 1500. From an industry perspective, the February seasonally adjusted annual rate (SAAR) of sales of 9.3 million vehicles continued to be far below historical levels. However, it is worth noting that the pace of retail sales rate decline has slowed over the past few months. U.S. industry retail sales increased 17 percent from January to February this year. Chrysler outpaced the industry in February with a 26 percent increase in retail sales compared with January. For more details about industry and Chrysler sales results for February, please HYPERLINK http://scoop.chrysler.com/2009/03/04/february-retail-sales-a-bright-spot-fo r-chrysler/click here to see a Steve Landry video on The Scoop. In Canada, we were the No. 1 selling vehicle manufacturer in February for the first time ever in our 84-year history. The versatile, fuel-efficient Dodge Journey was the country’s No. 1 crossover. Vehicles that posted sales gains over January included Canada’s No. 1 selling minivan, the Dodge Grand Caravan, as well as the Dodge Caliber, Jeep® Patriot and Jeep Compass. Congratulations to our Canadian operations and our dealers for doing such a great job in challenging times. Last week also saw the release of Consumer Reports’ annual auto rankings, which included criticism of the quality of our vehicles. We know we still have a long way to go on the quality front, but we have made progress not reflected in this latest report. I want to reinforce the message that Doug Betts sent out last week: these ratings are, for the most part, the same ones issued last fall and are based only on vehicles built in the fall of 2007 and older. In other words, this data does not reflect the quality initiatives and efforts we put in place since becoming a stand-alone company. It doesn’t take into account the 400 improvements we made to our products; the 30 percent decline in our warranty claim rates compared with last year; or the fact that Chrysler had the lowest recall rate of the seven largest OEMs last year. We are confident the quality improvements that we’ve made will
