High court clears way for Chrysler's sale to Fiat

[Panama]

I would still like to know what Fiat is paying for their share. From my understanding NOTHING. They are bringing small car technology to the table. Small car technology from their line of piece of **** cars. And to think no one from Chrysler can come up with any small car technology?? So how can it be called a sale if no one is paying anything for it. Do they even sell Fiats in the US anymore? My mom & dad had one when I was young. It was like riding in a pop can. Worse than the Festivas.

check this out. I'm really eyebaling this one.

Tesla Motors

I will never ever buy a GM or Chrysler vehicle. I will roller blade to work before I do it.

You are correct, Fiat paid $0.00 for the 20-30% share they will own!

When I unload my 2002 Tahoe and my 2007 Wrangler, I don't know what I will be driving, likely a couple of blue ovals.
But I "DO" intend to rid myself of both, just as my own personal protest!

Maybe me and all my "comrades" will be allowed to own one of these, ain't she a beaut!
Wonder if it will be called a Fiahysler or a Chryiat?
Either way a Fiat 500, is a true work of art!

 

[danmdevries]

You are correct, Fiat paid $0.00 for the 20-30% share they will own!

When I unload my 2002 Tahoe and my 2007 Wrangler, I don't know what I will be driving, likely a couple of blue ovals.
But I "DO" intend to rid myself of both, just as my own personal protest!

Maybe me and all my "comrades" will be allowed to own one of these, ain't she a beaut!
Wonder if it will be called a Fiahysler or a Chryiat?
Either way a Fiat 500, is a true work of art!

If the 500 comes over unmolested and is priced according to the small car that it is (12-15K) I'm walking into the dealership and taking one home. I had an old 500 in my fingertips but I let it slip away. I love small cars, my "big" car right now is a 95 Honda Civic, I also have a Honda CRX and next May I'm picking up a Lotus Elise. In lieu of a ring my girlfriend is getting a Mini this summer.

I just hope they fire all the Chrysler designers who LOVE using the same front end on every vehicle or we'll end up with something like this:

 

[Arm America]

I guess I'm just stubborn. While I'm not a Chrysler fan, I do drive a GM and Ford.
I need a full sized Work Truck and a full sized family SUV to pull my toys.
Chrysler and GM did not start this mess, it started with the housing and Wall Street.
Because of unfair trade agreements with foreign manufacutures, the profit margins just kept shrinking for American Manufacturing. And not just with the Auto Business.
Both companies were blind sided by the Government bailouts, neither companies had any intentions of closing down the dealerships and seeing more unemployeed hit the streets. How many forced bank branches were closed after their bailouts. How many Mortgage companies supported by Fannie May or Fredie Mac closed. How many CEO's at Wall Street lost their jobs? The spending at Wall Street and the forced approval of 100% mortgages is what started this whole mess.
Now the bottom has dropped out of everything, World Wide.
You can't blame that on Chrysler or GM, they were just pawns,
Why, just a few days ago did several of the larger banks give their bailout money back, they knew what was coming. Friends, we are not being told the whole story.
This is all part of a bigger plan, you know it, I know it,
we just don't want to believe that our leaders would take us down this dark path.
THEY ARE AND WE JUST KEEP GOING ALONG WITH IT.
Our way of life as we know it is behind us, our rights are being stripped from us,
jobs being outsourced, unemployment at record levels and now........ we can all start to pay for Natioanl Health Care. I'm afraid to think what next week will bring.

 

[smokingman]

I guess I'm just stubborn. While I'm not a Chrysler fan, I do drive a GM and Ford.
I need a full sized Work Truck and a full sized family SUV to pull my toys.
Chrysler and GM did not start this mess, it started with the housing and Wall Street.
Because of unfair trade agreements with foreign manufacutures, the profit margins just kept shrinking for American Manufacturing. And not just with the Auto Business.
Both companies were blind sided by the Government bailouts, neither companies had any intentions of closing down the dealerships and seeing more unemployeed hit the streets. How many forced bank branches were closed after their bailouts. How many Mortgage companies supported by Fannie May or Fredie Mac closed. How many CEO's at Wall Street lost their jobs? The spending at Wall Street and the forced approval of 100% mortgages is what started this whole mess.
Now the bottom has dropped out of everything, World Wide.
You can't blame that on Chrysler or GM, they were just pawns,
Why, just a few days ago did several of the larger banks give their bailout money back, they knew what was coming. Friends, we are not being told the whole story.
This is all part of a bigger plan, you know it, I know it,
we just don't want to believe that our leaders would take us down this dark path.
THEY ARE AND WE JUST KEEP GOING ALONG WITH IT.
Our way of life as we know it is behind us, our rights are being stripped from us,
jobs being outsourced, unemployment at record levels and now........ we can all start to pay for Natioanl Health Care. I'm afraid to think what next week will bring.

Well next week it looks....well more catastrophic. Fannie and Freddy both need a few more billions just to stay in business. Some commercial real estate companies have applied for bailouts(the 12 largest applied in November),and the funds should be released in the next few weeks.
The dollar will continue to lose ground. Those who retired like my neighbor are having to compete for jobs due to there retirement funds being cut by almost half,he is also not sure if his UAW retirement will be able to pay him as the fund is already near insolvency.The reality may hit soon that the unemployment number is actually much greater than the 9.8 percent they keep feeding us.This is only people who are currently drawing unemployment.The real number is somewhere closer to 25%,and this does not count the retired who need to go back to work because they have lost so much money.
Stocks will of course keep going up.This is only because the dollar keeps losing ground and inflation is forcing prices of stocks up.The oil companies are set to make record profits,again.The commodities will continue to outperform the market by record margins(due to the inflation caused by the loss in value of the dollar).Some one else is going to claim the economy and consumer are recovered and all is well.When in reality there are less consumers to spend,and the money they do have is going more toward things like food and energy(notice they take these two things out of the inflation index...gee wonder why? That would scare the **** out of the consumer if they actually saw the figures(and the fed would need to raise rates).More on that here...
What's America's real inflation rate?
Core inflation(that is less food and energy)is running less than 2%.With food and energy it is closer to 35%. Do not believe me,just look for your self.Look at corn price indexes for the last year.Same for oil. From 36 a barrel to back up to yesterdays 71.33.Wheat was 220 a ton in January now it is 251 and climbing like a rocket.People on the exchanges realized this yesterday,and ran like rats.Wait a few more days and it will be rats running from a fire. CNNMoney.com Market Report - Jun. 10, 2009 (from June 10,2009 yesterday on CNN).
But do not worry the 40 percent still working can be taxed to death.We are all paying for junk cars,and soon to be health care for everyone.Horrayyyy
Can you tell I am not very optimistic on next week?But my real fear is 3-5 months from now.That is when I figure the government will have to step in and put down price controls on things like wheat,milk,and other commodities.You have yet to see how bad this socialism is going to get.
...wow sorry for the long rant.

 

[Arm America]

Smokingman, no apoligy needed, the above is no rant.

Its the plain, honest truth, backed up with facts.

My blood is boiling and I can tell yours is at a pretty high temp. as well.

You hit it on the head with the inflation thats coming, and coming it is.

What we are seeing right now is just the tip of the iceberg.
The lights are "Flashing", the warning bells are "Screaming".............
We see whats coming, and yet, we're full steam ahead with some socialistic guy
at the wheel with a death and destroy wish for all of us.

We need a Captain, (we don't have one now)
a new direction,
or off the boat, which is not an option.
I am screaming at the top of my lungs to anyone within hearing range.
WE NEED "CHANGE" NOW MORE THAN EVER.
The BS going on in Washington has to stop & stop now!!

We are quickly, all becoming servants to this new Government,
Some of us will be able to hold off longer than others, but not forever.

What we are seeing is not so old History repeating itself all over again.

If we don't U.nite, S.cream, write letters,
and demand action NOW, we are doomed as a Free Nation.
They, being the Government are going to win and win they will if we don't get control back. Even the Democratic Congress is starting to question the ramifications of the Car Dealerships forced closing. Is there hope??? I doubt it.

Thanks for the above posting Smokingman.

I can only hope that others will read, understand, and forward the facts
and sources that you provided.

 

[smokingman]

Thanks. Sometimes I feel like I am the only one who can see the long term picture of what is happening. I fear for the future of my daughter at this point.And the debt is going to crush her future.
Here is an article today showing the debt load of the average American in the next 10 years will exceed $155,000.00 or $90,000 more per taxpayer than it was last year.
The article.Retire Rich 2009: America's great debt threat - Jun. 9, 2009

 

[kludge]

The sad thing is, the three pension funds that are gonna get destroyed by this are the State-police, Fire-fighters, and Teachers

Way to go again Fed's. I can see the markets taking a massive hits soon as people find out what this precedent is gonna do to 401k's and tens of millions of people cash out before they lose what they have left.

They don't want anyone to have money... it makes the serfs less dependant on the lords.

And they don't want the US to have any manufacturing industry... it creates too much wealth.

 

[smokingman]

Well next week it looks....well more catastrophic. Fannie and Freddy both need a few more billions just to stay in business. Some commercial real estate companies have applied for bailouts(the 12 largest applied in November),and the funds should be released in the next few weeks.
The dollar will continue to lose ground. Those who retired like my neighbor are having to compete for jobs due to there retirement funds being cut by almost half,he is also not sure if his UAW retirement will be able to pay him as the fund is already near insolvency.The reality may hit soon that the unemployment number is actually much greater than the 9.8 percent they keep feeding us.This is only people who are currently drawing unemployment.The real number is somewhere closer to 25%,and this does not count the retired who need to go back to work because they have lost so much money.
Stocks will of course keep going up.This is only because the dollar keeps losing ground and inflation is forcing prices of stocks up.The oil companies are set to make record profits,again.The commodities will continue to outperform the market by record margins(due to the inflation caused by the loss in value of the dollar).Some one else is going to claim the economy and consumer are recovered and all is well.When in reality there are less consumers to spend,and the money they do have is going more toward things like food and energy(notice they take these two things out of the inflation index...gee wonder why? That would scare the **** out of the consumer if they actually saw the figures(and the fed would need to raise rates).More on that here...
What's America's real inflation rate?
Core inflation(that is less food and energy)is running less than 2%.With food and energy it is closer to 35%. Do not believe me,just look for your self.Look at corn price indexes for the last year.Same for oil. From 36 a barrel to back up to yesterdays 71.33.Wheat was 220 a ton in January now it is 251 and climbing like a rocket.People on the exchanges realized this yesterday,and ran like rats.Wait a few more days and it will be rats running from a fire. CNNMoney.com Market Report - Jun. 10, 2009 (from June 10,2009 yesterday on CNN).
But do not worry the 40 percent still working can be taxed to death.We are all paying for junk cars,and soon to be health care for everyone.Horrayyyy
Can you tell I am not very optimistic on next week?But my real fear is 3-5 months from now.That is when I figure the government will have to step in and put down price controls on things like wheat,milk,and other commodities.You have yet to see how bad this socialism is going to get.
...wow sorry for the long rant.

Well it looks like I called it nearly perfectly.A chart of the last 5 days.

Rats leaving a burning building.
And in the last 30 days the dollar index has gone from 83.22 to 80.43(with a low of 78.3 on June 2nd).
And is it possible that we are having inflation AND deflation at the same time? Yep is sure is.Consumer price index: CPI decline sharpest in 59 years - Jun. 17, 2009
While we have a spike in commodities.So yes we are some how managing to have both.It is not sustainable. Something has to give very soon,my bet is the CPI will have to spike to keep up with inflation.