Re: FIAT and CHRYSLER

Posted by Packard53 On 2009/1/30 19:01:03

Gerardo: Well I guess I stand corrected about Fiat and profit made by Ferrari.

How ever I must point out that the article you quote your figures concerning Ferrari's growth rate and pre tax profits through 2010 on projections made by Morgan Stanley
don't hold much water these days. The article was written back in July 2008 since then the economic climate in the world has changed, so the figures quoted aren't worth anything some almost seven months later.

It is very interesting how Fiat helps prop Ferrari up with selling most of its engine production to another company owned by Fiat MASERATI.

Like I stated before Fiat doesn't have the money on hand to start up production and build up a dealer network from scratch in the US. The over $ 6 billion dollars that Fiat is trying to borrow to purchase the two French companies is proof. Think they might have a tough time trying to raise that much money since Fiat is only valued at $ 7.5 billion dollars.

If it wouldn't have been for the payment of $ 3.1 billion dollars made by GM to Fiat in 2004 and the back door help by the government of Italy, Fiat might not be in business today.

I might ad that part of the reason that Chrysler is in such bad shape today is because of another Euro company located in Germany that mis managed Chrysler.

Don't take me wrong I like the super performance cars produced in Italy. Like I have stated in the past about Rolls Royce over hyped and over priced. I think the same thing pertains to the Italian super cars produced in your nation.

$ for $ the American super cars like Corvette and Viper are a better valve and will match for performance anything produced in your country.

John F. Shireman