By on August 29, 2007

mopar-burnout.jpgChrysler is about to follow Ford and GM's lead and perform an asset-selling cash grab. According to The Wall Street Journal, Chrysler would "like" to sell its Mopar unit, which makes high-performance and specialty parts, and Chrysler Transport, which manages supply deliveries to their plants. To that end, Chrysler's brought up the possibility in its current contract talks with the United Auto Workers (UAW). Needless to say, the UAW opposes the move, as it would involve the loss of some 1300 dues paying members jobs. The union can bitch all they want but "Boot'em Bob" Nardellli has already stated his new employer's firm intention to "monetize some assets." That's equity fund speak for "strip and flip." Is anyone– including the UAW– really that surprised?

Get the latest TTAC e-Newsletter!

3 Comments on “Chrysler Commencing Corporate Clearance...”



Back to TopLeave a Reply

You must be logged in to post a comment.

Subscribe without commenting

Recent Comments

  • Re: Toyota May Kill V6 Camry

    carguy - It not a question of if but when Toyota will phase out the V6 in the Camry. There are a host of packaging and cost incentives that Toyota won’t pass up (and nor...
  • Re: EPA Mandates Real-World Testing For All Automakers

    Lorenzo - Landcrusher, please include “/sarc” at the end of your comments. People who stop by only occasionally or recently, and...
  • Re: Toyota May Kill V6 Camry

    Sigivald - ” If the rest of the market is eliminating that option, shouldn’t Toyota follow? ” Maybe. Or maybe not. After all, if you can steal customers from the...
  • Re: Cadillac ATS-V Coupe Spotted At The Ring

    SomeGuy - Enjoy it while you can: http://www.540i6.com/probsfixe s.html – E39 Perhaps the E60 fixed all of those issues. I know, I know “preventative...
  • Re: Toyota May Kill V6 Camry

    tankinbeans - I’ve driven and owned more I4s than V6s and honestly I’ve never really felt like I was missing anything with an I4. I had a 4.0 Aerostar as a first car...
  • Re: Toyota May Kill V6 Camry

    Sigivald - Do they have different rear brakes than the I4? Weird, if so – the rears get so little comparative load that I’m surprised they’d bother to upgrade...
  • Re: Toyota May Kill V6 Camry

    heavy handle - The I6 went away for packaging reasons: unless you’re BMW and don’t care, they take too much space away from the cabin. Also, there hasn’t been a...
  • Re: Cadillac ATS-V Coupe Spotted At The Ring

    davefromcalgary - True, Sir.y It is just that in the last 14 years they have featured Cadillac all of 3 times: the CTS when Art and Science was born, the CTS-V in...
  • Re: Junkyard Find: 1986 Buick Somerset

    Lightspeed - The brand managing geniuses at GM managed to put the Regal and Cutlass names on about a dozen cars across 4-platforms. our customers literally had no clue...
  • Re: Fourth-Gen Toyota Prius To Receive AWD, New Battery Packs

    KixStart - Electrifying the back wheels might also allow for improvements in regenerative braking.

New Car Research

Get a Free Dealer Quote

Staff

  • Authors

  • Brendan McAleer, Canada
  • Marcelo De Vasconcellos, Brazil
  • Matthias Gasnier, Australia
  • Tycho de Feyter, China
  • W. Christian 'Mental' Ward, Abu Dhabi
  • Mark Stevenson, Canada
  • Faisal Ali Khan, India