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 SRT Engineers Chat Session - 07/08/09, 6PM - 8PM EST |
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Jul 02, 2009 - 11:41 AM - by Administrator
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Hello!
The next SRT Engineering chat session is scheduled for Wednesday, July 8th. The session will run from from 6pm to 8pm EST and will be held at Caliber Forums.
The topic of discussion will be the Dodge Caliber, but as usual all SRT-related questions on current products are welcome. Please do not ask questions about the Dodge Hornet Concept.
A thread has already been created and will be unlocked at 12pm (EST) at which time you will be able to start posting your questions.
A direct link to the thread is here:
SRT Q & A Session June 10th, 2009 - Dodge Caliber Forums
Hope to see you then!
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0 Replies | 7 Views
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Fiat Says It Won't Walk Away From Chrysler Deal |
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Jun 09, 2009 - 10:09 AM - by Administrator
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When the U.S. Supreme Court delayed the sale of Chrysler to Fiat yesterday it put the whole contract in jeopardy, giving the Italian automaker the opportunity to walk away if the sale isn't approved by June 15th. Fiat CEO Sergio Marchionne has, however, confirmed his commitment to the purchase, saying that it would not deter him.
"We would never walk away," he said in an interview with Bloomberg. "Never."
Late Monday afternoon Supreme Court Justice Ruth Bader Ginsburg delayed the sale but did not make clear the intentions of the court. A group of Indiana pension funds have attempted to block the sale of Chrysler to a Fiat-run group (also comprised of the U.S. and Canadian governments) by alleging that the initial bankruptcy court acted contrary to the law by putting the needs of unsecured lenders ahead of secured ones (some of which include the pension funds).
The bankruptcy court's decision was upheld by an appeals court and now the matter may go before the Supreme Court.
It is not guaranteed that the Supreme Court will hear the case but that is the speculation.
All we do know is that Fiat has an unwavering interest in the Chrysler brand and the U.S. market. This is likely due to Marchionne's belief that in a post-recession auto industry there will be far fewer major players controlling significantly larger shares of the market.
More: Fiat Says It Won't Walk Away From Chrysler Deal on AutoGuide.com
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8 Replies | 172 Views
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