potts,
I am not touting Fiat, don't know enough about them to comment one way or the other.. Their bad reputation here is from like 30 years ago, so they get a pass on that..
All I am saying is unless Chrysler can come up with a plan B, they are done... They have not built a car since December 18th, they have zero cash flow.. It does not take a rocket scientist to figure out whats going to happen... They need a "viable" plan to secure further loans from the government. Without one March 31st could be it for Chrysler as we know it..
A agreement with Fiat seems to make sense for both, it certainly gives Chrysler the "plan" to secure further financing.. Jim Press has asked the dealers to order cars as they need in his words "to sell there way out of this" No order's = no production = NO MONEY.. They are in BIG trouble and need a plan that congress will accept. Otherwise the Detroit 3 becoms the Detroit 2..
Again, from a personal point of view, my partners are Chrysler dealers, and tons of my past associates in the business are employed by Chrysler and it's dealers.. So I am hoping something gets put together...I don't know what effect my partners having to close their other stores would effect them financially, and quite frankly do not want to find out!! I assume it would not be a good thing. My operating agreement states that my partners are responsible for future capitol requirements for 2009 and I don't want to find out they are bankrupt!! Could mean big problems for me if my partners are F'd...
