Jeep Brand Might Be Sold

Old 04-30-2017, 04:57 PM
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Default Jeep Brand Might Be Sold

I'm not sure if this is good news or bad...

http://m.carandbike.com/news/jeep-br...obiles-1687735
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Old 04-30-2017, 05:13 PM
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I haven't been even remotely interested in any jeep model made after 2001 except the Wrangler.

I've got my real made in USA Jeep so I'm good.
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Old 04-30-2017, 05:37 PM
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Originally Posted by Jeepification View Post
I haven't been even remotely interested in any jeep model made after 2001 except the Wrangler.

I've got my real made in USA Jeep so I'm good.
I feel the same way. I still find it interesting that the brand might be sold though.
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Old 04-30-2017, 07:46 PM
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I think "they" might be "making" news:
http://m.carandbike.com/news/jeep-br...obiles-1687735
"Coincidentally, neither Dodge nor Chrysler have a SUV in their ranks, a segment that accounts for more than 40% of the American car market"
2017 Dodge Durango
http://www.dodge.com/durango.html

next...
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Old 04-30-2017, 08:26 PM
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Originally Posted by Turbo X_J View Post
I think "they" might be "making" news:
http://m.carandbike.com/news/jeep-br...obiles-1687735
"Coincidentally, neither Dodge nor Chrysler have a SUV in their ranks, a segment that accounts for more than 40% of the American car market"
2017 Dodge Durango
http://www.dodge.com/durango.html

next...
So the article is...

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Old 04-30-2017, 10:27 PM
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I think it says something when 70-year-old jeeps are still running the roads and trails! They are not just show pieces!
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Old 05-02-2017, 07:33 PM
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http://www.autoblog.com/2017/04/27/j...ys-marchionne/

http://www.cnbc.com/2017/04/26/fiat-...footsteps.html

http://fcauthority.com/2017/04/fca-o...rchionne-says/

A strange position as, if memory serves, the Jeep brand was the only profitable division in Chrysler in somewhat recent history.

I think the Durango is considered a "Crossover" these days. It looks like a minivan, anyway.

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Old 05-03-2017, 01:47 AM
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You DO know why the government bailed out Chrysler originally, don't you? They needed the Abrams tank that Chrysler originally designed and built. They were forced to consider selling the tank division to stay afloat and part of the bailout was control of the tank's production. I think it's now made by General Dynamics.

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Old 05-03-2017, 02:15 AM
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Interesting, I hadn't heard that. I just figured it was to keep jobs afloat like our govt did
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Old 05-03-2017, 05:50 PM
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Well, I find it amusing that Lee Iococca was hired in 1978 when the automotive division was on the verge of bankruptcy and Chrysler Defense was the only division making money. He took a loan from the government and built the K-car platform. He also agreed to form a subsidiary with the DOD to protect the tank production from the bankruptcy proceedings. In 1980, Chrysler sold their share of the Lima tank plant to General Dynamics and by 1983, repaid the government loan with interest.

People at the time thought the government bailed out Chrysler, but in truth it was a loan which was repaid in record time. They bought Jeep from AMC in 1987 and the rest is history. 2009 was when the Big 3 Bailout happened.
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Old 05-03-2017, 06:16 PM
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Ahhh, I see. Before my time!
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Old 05-03-2017, 10:10 PM
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My recollection is that what Chrysler actually got back then was government loan guarantees. That is, the loans were actually provided by private banks but if Chrysler had defaulted on them the taxpayers would have been on the hook for the balance. (That didn't happen.)
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Old 05-04-2017, 04:49 AM
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You're probably right because I don't think the public would have accepted an outright loan very well, considering this was just after the gas rationing crisis.
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Old 05-04-2017, 06:50 PM
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That's some interesting ****
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Old 05-04-2017, 08:19 PM
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If you want a really good read about what was happening in the auto world at that time, read Lee Iococca's autobiography. Not only was he the power behind the Mustang, but he also built the Caravan for Chrysler. Henry Ford wouldn't let him built it because he had an agreement with Honda to supply engines for it. Henry HATED the Japs!
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