chrysler financial

posts about #chryslerfinancial more →
Chrysler Financial Refuses $750 Million Federal Loan Due To Pay Limits
Chrysler Announces "Shop 'Til You Drive" Promotion, Attempts To Make Purchasing As Cheap As Leasing
Chase Won't Lease You A Chrysler Either
Chrysler Financial To No Longer Offer Auto Leases... Wait, What?
Canadian Man Blames Lost Chrysler Data Tape For Irrational Identity Theft Fears

Your version of Internet Explorer is not supported. Please upgrade to the most recent version in order to view comments.

Dsmvwl Admin Promote to frontpage Approve user Ban user ×

Mobius
04/21/09

In reply to Chrysler Financial Refuses $750 Million Federal Loan Due To Pay Limits
Wow, private banks lending to Chrysler still? Haven't they had enough of this subprime borrower thing?
Reply

Mobius was starred Mobius was unstarred

MushyHeirloom
04/21/09

In reply to Chrysler Financial Refuses $750 Million Federal Loan Due To Pay Limits
Erh, how come individuals with good credit can't get a loan, but the auto corporation with the greatest chance of going under can?

Oh, well.
Reply

MushyHeirloom was starred MushyHeirloom was unstarred

Ash Clutchem, Pokey Master
04/21/09

In reply to Chrysler Financial Refuses $750 Million Federal Loan Due To Pay Limits
@SoK

Still probably better than trying to find someone new to take control.

The phrase "you couldn't pay me enough money to run Chrysler right now" comes to mind.
Reply

clinto
04/21/09

In reply to Chrysler Financial Refuses $750 Million Federal Loan Due To Pay Limits
"In forgoing the loan, Chrysler Financial opted to use more expensive financing from private banks, adding to the burden on the already fragile automaker and its financing company. "

Just so that I understand............

These people are (theoretically) trying to save this company, but in order to continue raking in huge sums of money, they are going to borrow money whose higher rates will (further) eat into (any) profit the company might make?

I'd like to see what these people are making. Something tells me even with the limitations Treasury would have put on them, they still won't be going to bed hungry or losing their homes.
Reply

clinto was starred clinto was unstarred

Van Sarockin, rogue trebuchet
04/21/09

In reply to Chrysler Financial Refuses $750 Million Federal Loan Due To Pay Limits
Asshats. A hanging rope is too good for Cerberus. But they sure know how to hand some negotiating leverage to FIAT, gotta give them that.
Reply

SirNotAppearing
04/21/09

In reply to Chrysler Financial Refuses $750 Million Federal Loan Due To Pay Limits
Yes, thank you. Everyone is coming at this like it's a bad thing. They didn't take (more) taxpayer money! Hallelujah!
Reply

SirNotAppearing was starred SirNotAppearing was unstarred

engineerd
04/21/09

In reply to Chrysler Financial Refuses $750 Million Federal Loan Due To Pay Limits
Good for them.
Reply

engineerd was starred engineerd was unstarred

Ash Clutchem, Pokey Master
04/21/09

In reply to Chrysler Financial Refuses $750 Million Federal Loan Due To Pay Limits
Chrysler Financial opted to use more expensive financing from private banks

Ahh, so they had a choice. And it's probably a good one. You never know when, a week or two from now, the Administration is going to disagree with something and call you out in the media.

Probably very wise. Their borrowing cost might be a tad higher, but being able to retain people who might provide a higher level of competence is probably worth far more than a little bit of extra interest expense.
Reply

engineerd
04/21/09

@Ash78: Fully agreed. I was going to say something along those lines, but it was not anywhere near as elegantly put as your summary.
Reply

engineerd was starred engineerd was unstarred

SoK
04/21/09

@Ash78: being able to retain people who might provide a higher level of competence is probably worth far more than a little bit of extra interest expense.

I wouldn't exactly call the people that put CF in the position of needing $750m dollars of loans to stay afloat "competent".

No matter where they get the money from.
Reply

SoK was starred SoK was unstarred

engineerd
04/21/09

@SoK: The chances are that the people that got CF in that position are no longer there.

It's the same with with AIG. The people that got the big bonuses got them because they were competent and their division actually made money. For the most part, the people that got AIG in trouble were let go.

Of course, we don't hear about that.
Reply

engineerd was starred engineerd was unstarred

Earlier discussions Other discussions Show all discussions Show featured discussions only Start a new discussion