Re: FIAT and CHRYSLER

Posted by Packard53 On 2009/1/25 16:03:34

Gerardo: First of all I really doubt that Fiat is making any real great profit from Ferrari or Maserati. Fiat on it own could never produce an engine like the new generation Chrysler Hemi.

As for performance the American cars like Corvette and the Dodge Viper will hold their own against anything that Ferrari builds.

Fiat may need Chrysler more than Chrysler needs Fiat. Right now Fiat tuning to banks to borrow more than $6 billion dollars to get them through these bad time. I believe that sales of Fiat have plunged more than 70% i this last year.

The reason that Fiat is willing to take a 35% share in Chrysler is because they don't have the cash to start from scratch to build factories and a dealership network to sell its autos in the US. The only reason that Fiat was able to obtain a 35% share of Chrysler is because Cerberus the parent company of Chrysler wants to get out of the auto business.

The reason that Chrysler is in such bad shape is because of the way Mercedes ran Chrysler.

John F. Shireman