Law and Rights
FCA, the new Fiat Chrysler Automobiles corporation that resulted from the merger of Chrysler and Fiat, is looking to merge now with General Motors, but GM bosses want no part of the idea, according to AutoNews in Detroit.
FCA first floated the idea early this year and GM's Board refused. Now, both GM and FCA are reportedly taking another look, each hiring financial advisers to see if it makes sense.
For its part, FCA's chairman is arguing that combining development teams would enable each of them to create new and better products faster. But the biggest shareholder in GM is the company that manages the United Auto Workers healthcare trust for retired workers and no one thinks they would rush to the merger idea for one simple reason. Job losses from a merger would hurt current employees and the Union itself.
This whole merger thing sounds like a game being played by millionaires who sit on the boards of large corporations that employ thousands of workers and are just dreaming up ways to make more money for themselves and their companies by cutting company costs, which often means cutting jobs. We can't think of a single merger in the last decade where the new company had the same number of employees that the two companies had before the merger - workers seem to always lose out when big corporations get bigger.
And for the guy who goes car shopping later? Well your next Chevy Impala just might end up being made by Fiat workers in Europe. Will the quality get any better? Only time can tell...
Meanwhile, if you've got a lemon Fiat or Chrysler, you know who to call.
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- List Of Chrysler Dealers Being Chopped
On May 14, 2009 Chrysler notified 789 of its dealers that they were being chopped. That's about 25% of the total Chrysler dealer network. Reports are that the list was created largely with instructions of Fiat, who is expected to be the new owner...
- Chrysler Drops Magnum, Pt Droptop, Pacifica & Crossfire Models
A week ago we predicted Chrysler would drop some of its models that overlapped each other's target buyers and introduce some new ones. Well, Cerberus, the new owners of Chrysler, announced the elimination of four models from the Chrysler lineup,...
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Apparently parent company DaimlerChrysler AG (DC) is so anxious to dump Chrysler (CC) that it has agreed to pay the buyer $1.55 billion to take over the ailing American auto giant. Last week we thought the Russians were coming. Now, we find out it's...
- Let's Buy Chrysler !
It's deja vu all over again, says Yogi. At the New York auto show in 1995, billionaire Kirk Kerkorian (#53 of the world's richest people, according to Forbes in 2006) announced that he would make a $20 Billion dollar bid to buy Chyrsler Corporation....
Law and Rights
Is General Chrysler Going to Build Your Next Chevy?
FCA, the new Fiat Chrysler Automobiles corporation that resulted from the merger of Chrysler and Fiat, is looking to merge now with General Motors, but GM bosses want no part of the idea, according to AutoNews in Detroit.
FCA first floated the idea early this year and GM's Board refused. Now, both GM and FCA are reportedly taking another look, each hiring financial advisers to see if it makes sense.
For its part, FCA's chairman is arguing that combining development teams would enable each of them to create new and better products faster. But the biggest shareholder in GM is the company that manages the United Auto Workers healthcare trust for retired workers and no one thinks they would rush to the merger idea for one simple reason. Job losses from a merger would hurt current employees and the Union itself.
This whole merger thing sounds like a game being played by millionaires who sit on the boards of large corporations that employ thousands of workers and are just dreaming up ways to make more money for themselves and their companies by cutting company costs, which often means cutting jobs. We can't think of a single merger in the last decade where the new company had the same number of employees that the two companies had before the merger - workers seem to always lose out when big corporations get bigger.
And for the guy who goes car shopping later? Well your next Chevy Impala just might end up being made by Fiat workers in Europe. Will the quality get any better? Only time can tell...
Meanwhile, if you've got a lemon Fiat or Chrysler, you know who to call.
Burdge Law Office
www.BurdgeLaw.com
Getting Rid of Lemons, That's What We Do
Subscribe in a reader- List Of Chrysler Dealers Being Chopped
On May 14, 2009 Chrysler notified 789 of its dealers that they were being chopped. That's about 25% of the total Chrysler dealer network. Reports are that the list was created largely with instructions of Fiat, who is expected to be the new owner...
- Chrysler Drops Magnum, Pt Droptop, Pacifica & Crossfire Models
A week ago we predicted Chrysler would drop some of its models that overlapped each other's target buyers and introduce some new ones. Well, Cerberus, the new owners of Chrysler, announced the elimination of four models from the Chrysler lineup,...
- Dodge Nitro Blowing Up?
You have to wonder why Chrysler makes so many models that compete with each other, instead of with other brands, and just how long can that kind of marketing survive? Take the Dodge Nitro. It competes with the Jeep Liberty. Then there's the Chrysler...
- "we'll Pay You To Buy Chrysler"
Apparently parent company DaimlerChrysler AG (DC) is so anxious to dump Chrysler (CC) that it has agreed to pay the buyer $1.55 billion to take over the ailing American auto giant. Last week we thought the Russians were coming. Now, we find out it's...
- Let's Buy Chrysler !
It's deja vu all over again, says Yogi. At the New York auto show in 1995, billionaire Kirk Kerkorian (#53 of the world's richest people, according to Forbes in 2006) announced that he would make a $20 Billion dollar bid to buy Chyrsler Corporation....