Latest Breaking News

Swede Atlanta

(3,596 posts)

6. I don't see this as bad news.......

Mon May 12, 2014, 11:25 AM

May 2014

The losses were unrelated to sales or recalls (such as GM is experiencing)...they were related to factory upgrades Fiat required as part of the acquisition and to extinguish some debt. Both of those are good things.

I am going to guess that Chrysler, hard pressed for several years and having undergone bankruptcy, had not upgraded some of its facilities to make them more efficient (I know that means fewer jobs). So that investment is good for the long-term health of the company.

As well paying down debt to improve the overall balance sheet is usually a good thing.

I don't see anything in the brief article that suggests Chrysler is in trouble.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

29 replies

= new reply since forum marked as read

Highlight:

Chrysler reports $690 million first quarter loss [View all] Omaha Steve May 2014 OP

For a while I've been asking... TreasonousBastard May 2014 #1

"Fix It Again Tony!" ;-) Spitfire of ATJ May 2014 #2

Fiat has actually come a long way in the SEVERAL decades since that was a saying TroglodyteScholar May 2014 #4

I had an X-19 back when they got more mileage going up on the lift than horizontally. Spitfire of ATJ May 2014 #5

I had an 850 Spider that was... TreasonousBastard May 2014 #11

I was impressed with the shifting, considering it was through linkage to a rear engine. Spitfire of ATJ May 2014 #20

Me too-- much better than VW... TreasonousBastard May 2014 #23

That's a LOT further than the 10 blocks I got. Spitfire of ATJ May 2014 #29

I'm think about getting a 500 as a commuter car snooper2 May 2014 #10

Ya know, I don't understand. We have a 2005 ballyhoo May 2014 #3

It's part of a merger deal. $700 million to upgrade their factories.... Spitfire of ATJ May 2014 #7

Roger that. ballyhoo May 2014 #17

you would rather drive a disposable Sebring than a CLK 320 LOL snooper2 May 2014 #9

Absolutely. And I do the work ballyhoo May 2014 #15

Huh? The 200 looks like a worthy update to the Sebring... TreasonousBastard May 2014 #12

No. I looked at them. Not the ballyhoo May 2014 #13

When Daimler owned Chrysler edhopper May 2014 #14

Take some outside calipers and ballyhoo May 2014 #16

Is that your way of saying edhopper May 2014 #18

That would be nice. Yes, pretty ballyhoo May 2014 #19

I guess if i end up on St Johns edhopper May 2014 #22

So if I want a Dodge Caravan, I might be better off to buy used? woodsprite May 2014 #21

Yes. In many ways: Style, Comfort, Durability, ballyhoo May 2014 #27

Considering the price depreciation of new cars edhopper May 2014 #28

Our 1999 Intrepid was a POS! Omaha Steve May 2014 #25

I don't see this as bad news....... Swede Atlanta May 2014 #6

You have to look at operating income $486MM vs. $166 ly taught_me_patience May 2014 #8

They knew this was going to happen liberal N proud May 2014 #24

I've had some...ummm...lets say Disappointing experiences with Chrysler wercal May 2014 #26