Posted on 05/30/2018 2:53:18 PM PDT by tcrlaf
Swirling rumors suggest that one of America's oldest remaining automakers could be on the chopping block.
Sergio Marchionne will hold an investor's meeting in Italy on Friday, June 1, in Balocco, Italy, where the CEO will possibly kill one the corporation's most historic brands. FCA specialist Larry P. Vellequette of Automotive News reports that "a source told a European colleague" that Marchionne would declare the end of the Chrysler brand in the speech to investors.
In addition, Marchionne could detail plans to pull Fiat out of the United States and China, according to Automotive News. The brand would re-focus on building vehicles for Europe, Brazil, and emerging markets.
FCA's big strategic pivot would free up money to invest even more into Jeep, which is already the corporation's most profitable division. Among the new products reportedly on the way, there would be an even smaller SUV below the Renegade and the luxurious Grand Wagoneer for challenging the upper end of the segment.
(Excerpt) Read more at msn.com ...
“In the 1990s Chrysler was on fire. “
It is a sad state of affairs when the K Car is your peak.
I think Ram trucks owned by Fiat now. Very confusing.
They should have brought back Ricardo Montalban ..
Any list that does not include the emerging Indian and Chinese automakers is - IMO - short sighted.
In a few short years - Billions of Indians and Chinese will be driving Tata’s and Chery’s.
Who knows? Maybe us Americans too. Lift trade restrictions and offer me a brand new modern car for less than $5,000?
Oh yeah. I’ll buy that.
You forgot Honda.
Ahh yes, Ricardo Montalban.
Ironically, JEEP is their biggest profit taker. It also scores lowest in brand reliability in many publications. That should be catching up with them soon.
Not a big fan of the Fiat 500, but was planning to get a Fiat 124 Spider next year. :-(
Hey! all you United Auto Workers Union. Its only Wednesday. You have two days to organize a strike against Chrysler. Last chance. Send them off with a bang. Let everyone know the real reason all of the auto brands are leaving America, or just can’t compete with Japan, Korea, Europe, etc.
I have an 2005 300C with over 200,000 miles on it. I never want to buy another car.
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I understand how you feel. When Mercury went under, I know lots of people immediately bought a new Grand Marguis while they could.
If I were you, I’d buy a NEW 300C. While you can.
Me? My wife and I love our old 2005 Xterra so much, we went and bought another one. They quit making them a few years back, but we were lucky enough to find a certified pre-owned recently with just 10,500 miles.
It wasn’t the K Car. Not just the K Car. It was the success of the mini-van.
They were also on fire in the 1980s. Lee Iacocca brought in the K-Car and the very first minivans. Sales took off and then Lee paid back that US Government loan early.
Their minivan came out in 1984 as a 1984 1/2 model year vehicle and in 1986 I bought an 87 version. I have had at least one of their minivans ever since and I still like them to this day.
When they didn’t up the 300 to “L” or higher, I knew there was something wrong. LOL!
Ford still makes mustangs.
Well, my RAM HEMI 1500 is going out later. I’m going with it.
Production of the the K car platform ended in 1995. With cars like the 300M, Viper, Prowler, PT Cruiser, even the Neon, the company produced a lot of popular vehicles. The 1994 Dodge Ram “ugly truck” established the semi rig inspired styling that was copied by all its competitors and continues to this day. The Chrysler Corporation was the acknowledged trendsetter in the industry in those days.
I could suggest a couple of “nasty women”. Never hit a lady.
THAT is kinda too late now.
(DEEP VOICE FROM UNDER GROUND) Fine Corithian Leather!!!
I can’t afford to fix the issues I have with my car, let alone buy a new one.
And before, the most valuable part of AMC.
I wonder if they've tried to sell Chrysler (less Jeep) to the Indians or the Chinese who might be able to leverage the dealer network and eventually shut down the legacy manufacturing. The Dodge truck brand should be worth something to someone like Tata (Jaguar), Chery, Geely (Volvo), or Guangzhou.
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