Finally Who Will Be The Next Owner Of Chrysler ? - Allpar Forums for Chrysler, Dodge, Jeep, Plymouth, and more

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Finally Who Will Be The Next Owner Of Chrysler ? Fiat, Gouvernment(s), Bank or UNION ? Rate Topic:

#1 Guest_Mopar forever_*

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Posted 07 June 2009 - 05:23 PM

If you were a registered user, you would not be seeing this!

I am a little bit confuse with all that stuff.

Is it true that Chrysler will be owned by Fiat at 20% (with an option to have up to 35% in the future), Government at 20% (?? % for USA and ?? % for Canada) and 55 % by UNION !!!! ?

If it is the new true owner will be the Union and not Fiat.

#2 Solo

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Posted 07 June 2009 - 05:27 PM

Mopar forever, on Jun 7 2009, 06:23 PM, said:

They will, at the moment, own the majority (it's actually VEBA). They are not managing Chrysler though.

#3 BillP2R

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Posted 07 June 2009 - 06:21 PM

To me, the more important question is who will have how many voting seats on the Board of Directors.

(Weren't we told weeks ago that the union/veba would not have voting seats, but that the government's auto team will have their votes?)

Of course, I could be all wrong.

------------------------- Bill

#4 DaveAdmin

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Posted 07 June 2009 - 06:46 PM

If you're confused, by not look at the bankruptcy section which spells it all out?

http://www.allpar.co...bankruptcy.html

-1

#5 chemtech

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Posted 07 June 2009 - 06:48 PM

I don't know what scares me more the union having votes or the government deciding what to build.

-3

#6 DaveAdmin

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Posted 09 November 2009 - 09:09 AM

chemtech, it seems to me that you haven't read ANYTHING about this process, so why not go and read it before you start tossing venom out? Just a friendly reminder that your post contains two thoughts, both of which make no sense if you've done any investigation.

#7 chemtech

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Posted 09 November 2009 - 07:07 PM

DaveAdmin, on 09 November 2009 - 10:09 AM, said:

Just making a statement dave. Didn't know that wasn't allowed.

#8 Stratuscaster

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Posted 09 November 2009 - 07:54 PM

Nothing wrong with just making a statement. But if you decide to put it out there, you have to accept that others will comment on it.

Who will be the next owner of Chrysler?

What does it matter right now?

#9 ChallengerSRT8

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Posted 09 November 2009 - 08:17 PM

Stratuscaster, on 09 November 2009 - 06:54 PM, said:

Who will be the next owner of Chrysler?

Me, after the IPO of course.

#10 dana44

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Posted 10 November 2009 - 01:54 AM

Well, I agree with chemtech quite a bit, but right now it doesn't matter, nobody can own anything until the loans are paid off in full, but it doesn't mean Fiat won't be able to get an additional 15percent before the loans are paid off. The question with that part actually then changes to the question of, who gives up their percentages of current ownership for Fiat to have that additional 15percent when they meet their wickets?

#11 slow2run

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Posted 10 November 2009 - 01:02 PM

Well for now ,our Government owned Chrysler , hopefully they will keep, they're hands off until Y14

This post has been edited by slow2run: 10 November 2009 - 11:55 PM

#12 ChallengerSRT8

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Posted 10 November 2009 - 01:47 PM

Well not really I mean the US owns 10%. You could say the UAW owns it with 55% but they will sell as soon as possible.

#13 Stratuscaster

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Posted 10 November 2009 - 01:56 PM

slow2run, on 10 November 2009 - 12:02 PM, said:

Well for now ,our Government owned Chrysler , hopefully they will keep, they're hands off

Um, yeah.

55% VEBA
20% Fiat
25% US Govt & Canadian Govt

And who has control? Not VEBA, and not the governments. Fiat does.

I know it's hard to think about, but perhaps when Obama said "we aren't interested in running car companies" he was, you know, telling the truth.

#14 outZider

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Posted 10 November 2009 - 05:47 PM

Stratuscaster, on 10 November 2009 - 01:56 PM, said:

I know it's hard to think about, but perhaps when Obama said "we aren't interested in running car companies" he was, you know, telling the truth.

Well, let's not let facts get in the way of our opinions. ;)

#15 LoganSix

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Posted 10 November 2009 - 07:00 PM

I would say "me" when the IPO comes out, but who would buy a stoke with the fear that government would take it and give it to the unions?

#16 Stratuscaster

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Posted 10 November 2009 - 07:56 PM

What is the basis for this fear that the government would take a share of Chrysler stock that I buy and give it to the unions?

#17 Erik Latranyi

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Posted 10 November 2009 - 08:10 PM

Stratuscaster, on 10 November 2009 - 07:56 PM, said:

What is the basis for this fear that the government would take a share of Chrysler stock that I buy and give it to the unions?

Perhaps that they took away the rights of secured debtholders and gave it to the UAW?

#18 dana44

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Posted 11 November 2009 - 02:39 AM

Stratuscaster, on 10 November 2009 - 10:56 AM, said:

And who has control? Not VEBA, and not the governments. Fiat does.

I know it's hard to think about, but perhaps when Obama said "we aren't interested in running car companies" he was, you know, telling the truth.

MIght want to check the amount of influence the board of directors has with all the non-car guys/gals on that board, along with what their "specialties" are, along with the fact there are five of them.

In other words, if I were building bicycles, I don't think the requirement to have radical environmentalists and economists which do not believe in capitalism on my board would be the best people to make command decisions for the company.

And you are right, "he" does not want to run a car company, he has others doing it for him.

Just saying........

This post has been edited by dana44: 11 November 2009 - 02:40 AM

#19 chemtech

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Posted 11 November 2009 - 06:13 AM

Stratuscaster, on 09 November 2009 - 07:54 PM, said:

I don't don't have a problem with the comments but I feel like I'm in a time warp here. My comment was posted on June 6th Daves reply Nov 9th. Talk about a time delay :lol: . I also have a warning that was issued well over a year ago that won't go away :blink: . Little wonder the post few here as everyone is suspended or run off. I just drop by once in a while to see if by chance anyone has posted any good news about my favorite car company.

#20 jsb399

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Posted 11 November 2009 - 08:05 AM

chemtech, on 11 November 2009 - 06:13 AM, said:

Amen.

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