It won't be gutted. They'll take the best of their other auto-segment businesses, fold it in with a reorganized, toughened-up Chrysler, and IPO the whole thing as "The Chrysler Corporation" in five or six years.

Or they'll lose their shirts and the whole thing will end up getting liquidated. We'll see.

 

The name as it stands is now Chrysler Holdings, or shall I say will be once the deal goes through.

Cerberus is also going to invest $5 billion cash initially for product.

 

I wonder if Cerberus will now pay the remaining amount they owe to GM for the % of GMAC they bought last year with products related to Chrysler.

This might be a way for GM to get the parts of Chrysler they wanted in an indirect way.

 

That is interesting. I didn't know that.

 

That is outrageous. It was supposed to be the same damn company, unified as one. That would be like Chevy paying Holden for use of their Zeta cars.

The funniest (saddest?) thing is that people still think it's Chrysler's fault that DCX got into the trouble it is in.

 

Chrysler Holdings is the entity created to facilitate the deal -- the bucket. The company itself will be renamed Chrysler Corporation LLC, or so said the Bloomberg reports this morning.

 

WOW..hope this in 5 years will be the betterment of everything mopar!

 

Ok Josh, so I suppose you know as much about Chrysler now as you think you know about GM, correct??

The LX cars may be an extensively re-worked E class, but its still similar to the E class...and the V8s use a Mercedes transmission. The Pacifica is tied directly to a Mercedes underneath...at the moment, admittedly, I forget which particular model. The 1.8/2.0/2.4 "World Engines" Chrysler co-developed with Mitsu and Hyundai will apparently be used in small Mercedes offerings in Europe in the next couple years (assuming for the moment they'd only care about the 1.8???). The Grand Cherokee diesel engine is directly from Mercedes, and there has been EXTENSIVE talk of using additional Mercedes diesel engines and transmissions in the near future in products like the Caliber and Patriot.

And that's just what's going on at the moment...we all know how long the lead time is for stuff already in the pipeline. I doubt 2 years ago any engineer saw this coming. So before you assume incorrectly nothing is intertwined...

As for the German opinion, I agree...everyone thinks this is Chrysler's issue, which is friggen hilarious. They stole our cash, they stole our product funding, they did a sh!tty job advertising, and we lose a whopping $1.5B last year when Mercedes was tanking for much longer, losing much more...and we are the issue???? If nothing else, I'm happy that at least the Germans are out of controlling interest...arrogant SOBs that they are.

If that sounds harsh, believe me...I'm only getting started. I now know way more about the inner workings of DCX than I did a year ago when I first started here, and let me say its disgusting at the amount of grandstanding done by the Germans, the mismanagement of that a**clown Joe Eberhardt who kept the production cranking all last summer while shoving product down dealer's throats in a dead marketplace, and watching product launches like the Sebring/Avenger be a monumental yawn...all the while dealing with an ancient minivan that needed replacing 4-5 years ago, the best-selling-in-class Liberty age with little change, watch the Dakota and Ram be priced right out of competition....dare I go on???

I'd love to be either a Chevy or Saturn dealer right now...I really, really would...