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THE Chrysler Thread (merged)

What's on your mind?
General interest discussions, not necessarily related to depletion.

Re: Chrysler Bond Holders & Banana Republic Investment Advice

Postby vision-master » Mon 04 May 2009, 13:32:00

$this->bbcode_second_pass_quote('pup55', '')$this->bbcode_second_pass_quote('', 'W')hy not invest in a small farm?
The government can "condemn" your small farm and take it from you with little or no compensation. Think I am wrong? Just do not pay your property taxes and see what happens. What we have is several hundred years of time in which the government pretty much left the landowners alone. That's because, ultimately, the landowners made the rules. It is another dangerous thing when the rule-making shifts to the non-property owners. Can you guess what's going to happen? The property owners will not have their property for much longer.
Now, that was just a plain weird response?
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Re: Chrysler Bond Holders & Banana Republic Investment Advice

Postby mefistofeles » Mon 04 May 2009, 14:03:32

$this->bbcode_second_pass_quote('', 'S')o what do think GM bond holders are thinking? How about anyone else who is thinking of investing in an American business?? Under Lord Obama's rule here in the Peoples Republic of America................good advice may be to invest somewhere else. In our new socialist paradise only certain "politically correct" special interest groups rights are defended.
In all fairness to Obama he isn't too different from the last group of jokers who were running the show: Paulson forces BofA to conclude Merrill deal $this->bbcode_second_pass_quote('', 'A')ccording to New York Attorney General Andrew Cuomo’s letter summarizing the results of his investigation to regulators and legislators, the government threatened to remove Bank of America Chief Executive Ken Lewis and the management and board of directors of the Bank, if it didn't go through with its acquisition of struggling investment bank Merrill Lynch.
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Re: Chrysler Bond Holders & Banana Republic Investment Advice

Postby AlexdeLarge » Mon 04 May 2009, 14:13:19

$this->bbcode_second_pass_quote('vision-master', 'W')hy not invest in a small farm?
The Messiah plans that in our future, only the Proletariat will own the means of production, so no need to invest. Us Bourgeoise will all be forced to work on the collective! ;)

NYPost CONTRACT KILLERS$this->bbcode_second_pass_quote('', ''')I'm saying that when the president does it that means it's not illegal," shouts Frank Langella's Richard Nixon at Michael Sheen's David Frost in "Frost/ Nixon."
He was wrong, and so was President Obama when he said last week that he'd override the contractual and legal rights of Chrysler's senior lenders and carve up the company between the government and the United Auto Workers.
Viddy well, little brother. Viddy well.
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Re: Chrysler Bond Holders & Banana Republic Investment Advice

Postby efarmer » Mon 04 May 2009, 15:40:44

When you are a free market investor and you own a bunch
of Chrysler or GM, you know you aren't sitting on prime
stuff and have known this for some time before all the
current dire circumstances arose.

So is your faith in the free market to value what you have
decided to put money into, is it in the government to
apply corporate socialism to you and make you a
happy free market investor with socialized loss protection,
or is it in the bankruptcy court process to put you in
the head of the line to hack at the corporate corpse?

My opinion is that many of these investors have been
crowing about free market rights and procedures and
hoping and praying for corporate socialism under conditions
where they could pocket the money and act like it
makes them sad to take government welfare.
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Re: Chrysler Bond Holders & Banana Republic Investment Advice

Postby Tyler_JC » Mon 04 May 2009, 16:32:34

One of the fundamental tenants of American society is the respect for the rule of law and the validity of legal contracts.

When government starts changing the rules halfway through the game and arbitrarily breaking contracts, it sets a dangerous precedent.

We are on the verge of losing one of our greatest assets, the legitimacy of our legal system.

Obama and his "Car Czar" are currently behaving like the government bureaucrats in Atlas Shrugged.

It is going to be more difficult for honest companies to issue bonds in the future because the government of today believes that it can dictate the terms of a pre-existing legal contract.

Who would ever want to loan money to Chrysler in the future knowing that this kind of crap can take place?
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Re: Chrysler Bond Holders & Banana Republic Investment Advice

Postby efarmer » Mon 04 May 2009, 16:55:33

I see your points, but like Bank of America having Clinton's former
Treasury Secretary on board until recently, Chrysler experienced
having Cerebrus buy most of Daimler out, and Cerebrus is ran
by Mr. Bush's former Treasury Secretary Hank Snow.

I think investors would be well served to not invest in the
companies run by former Treasury Secretaries even in
the environment where the government is bailing out
companies and they would seem to be an asset.

I am starting to get the sneaking suspicion that these
Treasury Secretaries are good with making job connections
and very bad with money.

I not only agree with you on future investment in these companies
Tyler_JC, as being dicey, I think the condition is retroactive for many
years as well. Why in the hell did Cerebrus put so much money
in a gut shot auto company? So the other hedge fund guys would
think it was safe to throw their money in and prop up the cadaver?
Was this a confidence game to attract hedge fund capital?
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Re: Chrysler Bond Holders & Banana Republic Investment Advice

Postby Quinny » Mon 04 May 2009, 17:06:43

Don't know what all the fuss is about - you lot never been involved with liquidators before. If the investors hope to get more than a few pence in the pound they are living in fantasy land. mmmmm.. then again they are probably w sorry bankers!
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Re: Chrysler Bond Holders & Banana Republic Investment Advice

Postby AlexdeLarge » Mon 04 May 2009, 21:15:53

Companies and investors will be leaving the States in droves looking more friendly, dependable and trustworthy climes.

http://online.wsj.com/article/SB124140022601982149.html

$this->bbcode_second_pass_quote('', 'T')he Obama administration will roll out details Monday of what aides are calling a far-reaching crackdown on offshore tax avoidance, targeting many U.S.-based multinational corporations and wealthy individuals.

President Barack Obama will flesh out a proposal included in his February budget blueprint seeking to curb the practice of parking foreign earnings in offshore tax havens indefinitely. By some estimates, $700 billion or more in U.S. corporate earnings have accumulated in overseas accounts in recent years. The current U.S. rules for corporations carry enormous benefits for companies. Unlike most deferred taxes, those stemming from foreign earnings don't cut into a company's bottom line as long as they are considered "permanently reinvested" overseas.

The result can have a huge impact on a company's bottom line. The pharmaceutical and technology industries are particular beneficiaries.



It is of no account to Obama that these tax breaks are legal. Ex Post Facto means nothing to a Man who thinks the Constitution does not apply to his rule. The actions of "The One" will assure that you, your children and their children will live in poverty................ And some of you will still praise his name. LOL
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Re: Chrysler Bond Holders & Banana Republic Investment Advice

Postby Tyler_JC » Tue 05 May 2009, 00:10:53

So now we're trying to stop American companies from investing in other countries?

What's to stop them from becoming helicopter corporations?

Just relocate the HQ overseas and take the profits with them. Attacking corporate tax havens, without international support, is economic suicide.
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Re: Chrysler Bond Holders & Banana Republic Investment Advice

Postby bodigami » Tue 05 May 2009, 00:32:14

$this->bbcode_second_pass_quote('AlexdeLarge', '(')...)
It is of no account to Obama that these tax breaks are legal. Ex Post Facto means nothing to a Man who thinks the Constitution does not apply to his rule. The actions of "The One" will assure that you, your children and their children will live in poverty................ And some of you will still praise his name. LOL


now i know why obama is loved world-wide; his bad decisions apply only to the u.s.a. they simply don't care. lots of schadenfraude i guess.
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Re: Chrysler Bond Holders & Banana Republic Investment Advice

Postby bodigami » Tue 05 May 2009, 01:07:21

$this->bbcode_second_pass_quote('Tyler_JC', 'S')o now we're trying to stop American companies from investing in other countries? What's to stop them from becoming helicopter corporations? Just relocate the HQ overseas and take the profits with them. Attacking corporate tax havens, without international support, is economic suicide.
i think it is clear by now that huge capitalist corporations are being "governmentalized" (socialized implies that the workers own the means of production) recently in the u.s.a.
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Re: THE Chrysler Thread (merged)

Postby Tanada » Tue 10 Jan 2017, 09:10:48

$this->bbcode_second_pass_quote('', 'B')usiness News | Mon Jan 9, 2017 | 4:22pm EST

Fiat Chrysler to add U.S. jobs as Trump puts spotlight on industry

By Bernie Woodall and David Shepardson | DETROIT

Fiat Chrysler Automobiles (FCHA.MI) (FCAU.N) said it will invest $1 billion to modernize two plants in the U.S. Midwest and create 2,000 jobs, and possibly move production of a Ram heavy-duty pickup truck to Michigan from Mexico.

FCA Chief Executive Sergio Marchionne said on Monday the decision to retool factories in Ohio and Michigan to build new Jeep sport utility vehicles, including a pickup truck, "was in the works and has been in the works for a long period of time."

But he also told reporters at the Detroit auto show that uncertainty over U.S. President-elect Donald Trump's trade and tax policies could lead auto makers to delay investments in Mexico.

"The reality is the Mexican automotive industry has now for a number of years been tooled-up to try and deal with the U.S. market. If the U.S. market were not to be there, the reasons for its existence are on the line," Marchionne said.

Trump has threatened to slap new taxes on imported vehicles and criticized automakers including Ford Motor Co (F.N), General Motors Co (GM.N) and Toyota Motor Corp (7203.T) for building vehicles in Mexico.

FCA's investment decisions were not related to Trump's recent attacks on the auto industry, according to people familiar with the company's moves. FCA had previously said it would expand truck and SUV production in the United States, though the $1 billion investment figure and creation of 2,000 jobs are new details.

A person familiar with the situation said Marchionne wanted to get out those details in case FCA encountered criticism from Trump. The person said FCA executives did not confer with Trump before making the decision.

FCA's announcement also highlighted the auto industry's keen interest in getting relief from tough fuel economy rules enacted by the outgoing Obama administration.

General Motors Co (GM.N) Chief Executive Mary Barra on Sunday said tax reform and "streamlining regulations ... are just two areas that would be extremely beneficial" for Trump to address. Trump has criticized GM for building cars in Mexico while laying off workers in the United States.

Barra, who is on an advisory committee to Trump, told reporters that decisions about where to build specific vehicles are made "two, three four years ago". Overall, she said of Trump, "we have much more in common than we have different."

TOUTING INVESTMENTS

Fiat Chrysler's announcement landed as global auto industry executives gathered for the annual auto show in a climate of growing uncertainty about the trade and regulatory policies the new Republican administration will pursue.

Trump, who will be inaugurated on Jan. 20, has talked about rolling back environmental regulations, and supporting corporate tax cuts - moves automakers would welcome.

He has just as explicitly warned that he will raise the costs of importing vehicles from Mexico, a policy industry executives said could hurt their businesses. Most major U.S. automakers have substantial vehicle making operations in Mexico, as well as complex networks of parts makers that supply their U.S. factories in states such as Ohio and Michigan.

Many automakers are using the annual North American International Auto show in Detroit, which started on Saturday, to tout investments in the United States.

Daimler AG (DAIGn.DE) Chief Executive Dieter Zetsche on Sunday said the German automaker planned to invest another $1.3 billion to expand sport utility vehicle (SUV) production at a factory in Alabama.

Hinrich Woebcken, chief executive of the North America Region for German automaker Volkswagen AG (VOWG_p.DE), told Reuters on Sunday the automaker plans to invest $7 billion in the United States between 2015 and 2019 and will start building its new Atlas SUV in Tennessee later this year.

Volkswagen has had a plant in Mexico for 50 years and it is not shifting any jobs to Mexico from the United States.

"We do not make our investment decisions based on administrative cycles. Our business is really an 8-, 12-, 14-year horizon when we look at investments," Woebcken said on the sidelines of the Detroit auto show.

PLAYING UP U.S. INVESTMENTS

Since Trump's election, automakers and other companies have played up their investments in the United States.

Last week, Ford scrapped plans to build a $1.6 billion plant in Mexico and invest $700 million in a factory in Michigan. Ford will still move production of Focus small cars to Mexico, but will cut total production of the cars by consolidating their assembly in an existing Mexican plant.

FCA said a plant in Warren, Michigan, near Detroit, would make the Jeep Wagoneer and Jeep Grand Wagoneer SUVs, while a Toledo, Ohio, factory would produce the Jeep pickup.

The company said the production plans in Ohio and Michigan were "subject to the negotiation and final approval of incentives by state and local entities".

U.S. consumers have increasingly shifted toward SUVs and pickup trucks and away from sedans in recent years, as gasoline prices have remained relatively low.

A year ago, Marchionne said FCA would cease production of two sedans and focus on SUVs and pickups.

Marchionne said in a statement on Sunday that the lineup changes were due to that consumer shift.

"We continue to reinforce the U.S. as a global manufacturing hub" for SUVs and pickup trucks, he added.

(Reporting by Nick Carey, David Shepardson and Bernie Woodall; Editing by Joseph White and Tiffany Wu)

Reuters News Agency | Brand Attribution

Reuters is the news and media division of Thomson Reuters. Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms.

© 2017 Reuters. All Rights Reserved.


http://www.reuters.com/article/us-fiatc ... SKBN14S0WL
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Re: THE Chrysler Thread (merged)

Postby Cog » Tue 10 Jan 2017, 09:27:34

Trump has done more to create American jobs in two months than Obama accomplished in eight years. And the man is not even president yet.
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Re: THE Chrysler Thread (merged)

Postby yellowcanoe » Tue 10 Jan 2017, 11:02:49

$this->bbcode_second_pass_quote('Cog', 'T')rump has done more to falsely claim to save American jobs in two months than Obama accomplished in eight years. And the man is not even president yet.


There, fixed it for you!
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Re: THE Chrysler Thread (merged)

Postby Cog » Tue 10 Jan 2017, 11:15:16

Chrysler is thinking about shutting down all Mexican automobile production. Trump is going to change how business is done here. Its pay to play. You want to play in the trade with the USA, you are going to pay. Totally unlike Obama and his eight year apology tour.

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