Chrysler is now officially an Italian Company

dodgechargerfan

dodgechargerfan

In a 55 gallon drum, floating down river, and
Staff member
http://www.chryslergroupllc.com/en-us/investor/sec/ChryslerDocuments/8-K_072111.pdf.pdf

According to Chrysler Group’s latest 8K, filed with the SEC today

On July 21, 2011, Fiat North America LLC, a wholly-owned subsidiary of Fiat S.p.A. (collectively, “Fiat”), acquired beneficial ownership of the membership interests in Chrysler Group LLC (the “Company”) held by the U.S. Department of the Treasury (“U.S. Treasury”) and the Canadian government’s special purpose entity, the Canada Development Investment Corporation (“Canadian government”). Fiat acquired 98,461 Class A membership interests in the Company from the U.S. Treasury, representing approximately 6 percent of the fully-diluted ownership interest in the Company for cash consideration of $500 million. Pursuant to a separate agreement, Fiat paid $125 million to acquire 24,615 Class A membership interests in the Company from the Canadian government, representing approximately 1.5% of the fully-diluted ownership interest.

Pursuant to these self-funded transactions, Fiat became the owner of a majority of the membership interests in the Company. Fiat now holds 55.3% of the Company’s outstanding equity, or 53.5% on a fully-diluted basis, taking into account the occurrence of the third and final Class B Event described in the LLC Operating Agreement which is expected to occur by the end of 2011. The remaining equity in the Company is owned by the UAW Retiree Medical Benefits Trust, a voluntary employees’ beneficiary association trust (the “VEBA”).
 
Far as I'm concerned it's still an American company who happens to be owned by an Italian company.
 
tony?

all i can say is HELL YEAH!!!!!! fiat has done wonders with EVERYTHING they have touched...want to call mopar italian im all for it.....

just keep this in mind now tho guys..fiats, alfas, lancia(look up the rebadged lancia voyagers) and god know what else are all cousins now!!!!! and all i can say is hell yeah fuck yeah!!!!!...bring on the italian mopars!!!!!

i would love to see what fiat "might" do with the viper.......
 
fiat
f= fix
i= it
a= again
t= tony

I do agree fiat has done a major thing with chrysler. I like the new grill on the whole lineup. Love the fact you can get a stripped down hemi ram for around 20 big ones. (still not happy with no manual trans)
 
i kinda wondered with you ment the whole fix it again thing lol

hell even the comercials they been running since they sunk there teeth into the company has been back to the old attention getting "fun" not the nonsense we have been seing for far to long
 
Fiat's reputation in North America is so bad, they left in the early '80s and could not establish enough interest in their cars to renew a foothold. Taking majority ownership in Chrysler is their back-handed way of doing so.

The last Fiats in America were fun cars; a friend owned an X-1/9, and I test-drove a Super Brava a few times. Both were a hoot when they ran; the X-1/9 was a fuckin' nightmare with breakage, and the Super Brava went back to the dealership on the hook 2 out of the 3 times I drove it. I never bought the Brava, and when my friend finally crushed the X-1/9, it had only 3rd and 5th gears left (reverse was gone too), the starter was shot and the fire department had showed up twice to put it out.

Parts were off-the-hook expensive, if you could source them at all--kind of like the Nazi era of DaimlerChrysler. I expect that much like the DaimlerChryler era, foreign ownership will be off-putting to the American public unless they let Chrysler's engineers do their thing. Remember, up until the Nazis showed up, Chrysler was the hottest car company in America. Dr. Z and the boys drained the $20 billion in the bank, recycled their old shit as new product in the Chrysler divisions rather than develop new, then snuck out like a thief in the night with all the money.

Fiat's goals will be different, and the end result will be even worse: very little American iron in Chrysler/Dodge showrooms.
 
I like my Nazi Chrysler Crossfire. Sold the first one, but missed it so much that I bought an identical Crossfire. Hmm... I wonder what kind of crazy Italian Chrysler sports car they can come up with this time?
 
Rumor has it that Ferrari had a prototype built ready to sister up to the Viper. Then there was the rumor that Ferrari was going to help out designing the new Viper when it's re-released. Ironic considering the Viper started as something to be built around a V10 Lamborghini helped design! :D
 
I want to get a used Viper. I've never seen a car drop so many panties before. Any girl will pose on or next to a Viper
 
There are no plans to re-release the Viper of which I'm aware, nor did much of Lamborghini's input make it into the Viper V10... not that it would matter, as Lamborghini was part of Chrysler at the time so technically that would make it internal. The Viper V10 is, much like the truck engine, an extended Magnum 5.9L with a longer stroke. Lambo might get credit for the front part of the engine including the accessory drives, which are needlessly fussy and extraordinarly expensive to service since that's the hallmark of Italian cars for decades on end. Virtually everything else on the engine, excepting possibly the intake on the first-gen cars, is straight-up JTE work.

Throwing Alfa Romeo into the mix is even scarier... their reputation is possibly the worst of any Italian manufacturer ever to sell cars on this continent. Alfa's been talking about a return to the U.S. market for over a decade, but they've been gun-shy all along and never done it because their rep is so incredibly bad here.

Jester, I have nothing against the Crossfire, which at its introduction was fresh sheetmetal on a nearly-decade-old Mercedes SLK with a V6 thrown into the mix. It's not a bad car, nor were most Nazi-era Mopars. It's just that Chrysler was a dumping ground for "outdated" M-B technology so they could continue to profit from existing tooling and designs... after they'd already raped the Chrysler bank account of well more than $20 billion.
 
Thank god for old technology. Was getting a clunk over bumps and figured I had a blown strut. I go under the car and realize it's shocks and springs all the way around. $110 from Rockauto for 2 rear shocks and it's good as new. They had a bad batch of shocks that leaked out on a bunch of cars.

Funny, the last one I had, 2005 model, had a bad batch of fuel pumps. 200 bucks and I thanked god it was in-line and not in-tank :) 400 miles on that car, the pressure relief valve in the pump probably stuck open from sitting so long.
 
doc..have you driven a v6 transaxled alfa?....if not...you need to cause it will change your tune on alfa..and there still pumping out that wicked little v6hemi..tho they recently so much so re-designed it that its not really the same...the spiders indeed were cheep disposable verts....
 
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