Chrysler in talks to sell Dodge Viper - DodgeIntrepid.Net Forums - Dodge Intrepid, Concorde, 300m and Eagle Vision chat
 
LinkBack Thread Tools Rate Thread Display Modes
post #1 of 6 (permalink) Old 03-03-2009, 07:11 PM Thread Starter
Intrepid Pro
 
Join Date: Nov 2005
Location: Southwest, UT
Posts: 3,041
Feedback: 0 / 0%
                     
Chrysler in talks to sell Dodge Viper

From CNN:

Chrysler in talks to sell Dodge Viper
The embattled automaker is in talks with two or three possible buyers for the hand-built supercar line, but the company president says it's in no rush.

March 3, 2009: 5:56 PM ET

DETROIT (Reuters) -- Chrysler LLC is in discussions with two to three companies for the possible sale of its high-performance Dodge Viper sports car line, but the credit crisis has slowed the process, Vice Chairman and President Jim Press said Tuesday.

Chrysler said in late August it was exploring the sale of the Viper business as part of its effort to generate cash and ride out the deepening U.S. auto industry downturn.

"Because of the credit situation for all businesses and the market, we are still in dialogue and we have had conversations with two or three companies," Press said. "They are still going on, but we are not in a big hurry to move Viper."

Press said Chrysler has been in discussions with firms that specialize in making niche vehicles like Viper.

"We are not in an imminent position of selling it," he said. "We will when the market is right, and the buyer shows up."

Chrysler sold about 1,172 of the low-volume, hand-built, V10-powered sports cars last year, a 169% increase from the previous year.

The privately held car company has struggled along with other automakers through a downturn in U.S. sales in recent years that has hit large trucks and SUVs the hardest.

Chrysler, which retained Lazard as its financial adviser on Viper, saw U.S. sales decline 44% in February.

Separately, Chrysler said it has seen a 30% decline in the warranty claims rate on its vehicles.

The improvement translates to $240 million in saving annually, Steven Landry, Chrysler's executive vice president of sales said.


2003 Jeep Grand Cherokee my current DD

1995 3.5L Intrepid, Sold in 2010
Strongt is offline  
Sponsored Links
Advertisement
 
post #2 of 6 (permalink) Old 03-03-2009, 10:38 PM
Intrepid Modder
 
Vertigo_AK47's Avatar
 
Join Date: Feb 2006
Location: Iowa City, IA
Posts: 528
Feedback: 0 / 0%
                     
nooooo
Vertigo_AK47 is offline  
post #3 of 6 (permalink) Old 03-04-2009, 11:40 AM
Intrepid Modder
 
Vertigo_AK47's Avatar
 
Join Date: Feb 2006
Location: Iowa City, IA
Posts: 528
Feedback: 0 / 0%
                     
Thats terrible then what sports car would Chrysler have to compete with the Vette?
Vertigo_AK47 is offline  
Sponsored Links
Advertisement
 
post #4 of 6 (permalink) Old 03-04-2009, 11:56 AM
Intrepid Pro
 
primetime's Avatar
 
Join Date: Apr 2004
Location: Mason, OH
Posts: 1,901
Feedback: 8 / 100%
                     
Whatever decisions these big companies need to make to get the economy turned around can't be made soon enough!
primetime is offline  
post #5 of 6 (permalink) Old 03-08-2009, 11:26 PM
Intrepid Newbie
 
Join Date: Feb 2006
Posts: 9
Feedback: 0 / 0%
 
now with the Challenger the viper is less important to Chrysler
JEFF CHARGER is offline  
post #6 of 6 (permalink) Old 03-15-2009, 11:47 PM
Intrepid Newbie
 
Hypurr's Avatar
 
Join Date: Dec 2008
Location: Michigan
Posts: 56
Feedback: 0 / 0%
 
This has been talked about for a lot longer then you think, this was begun last fall, listened to a few Execs discussing it last November. Don't forget the Viper is done after the current run planned to end in 2010 with no model replacement. Challenger is nothing like the Viper, which was a "Halo" vehicle similiar to the ford GT 40/New GT whatever you want to call it. Their thougt was to push it into something along the lines of Saleen, Ligenfelter etc. At one point this January they approached Ken Ligenfelter (the new owner of Ligenfelter since he bought it from GM last year) about purchaseing the plant and name. He has declined currently since he is focusing on GM and developing old school/new school cars like his new 68 camaro/ZO6. I tend to have breakfast with him and other auto enthusiasts on saturdays at a local store which caters to car lovers you hear all kinds of inside info. Ceberus is also looking at splitting Jeep, Chrysler and Dodge and selling each to a different bidder if they can.

Last edited by Hypurr; 03-15-2009 at 11:50 PM.
Hypurr is offline  
Sponsored Links
Advertisement
 
Reply

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the DodgeIntrepid.Net Forums - Dodge Intrepid, Concorde, 300m and Eagle Vision chat forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

Member names may only be composed of alpha-numeric characters. (A-Z and 0-9)

!!ATTENTION ADVERTISERS!! If you intend on advertising anything on this forum, whatsoever, you are required to first contact us here . Additionaly, we do NOT allow BUSINESS NAMES unless you are an Authorized Vendor. If you own a business, and want to do sales on this site via posting or private message, you will need to follow the rules. Shops, Stores, Distributors, Group Buys without being authorized will see your account terminated.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in










Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page
Display Modes Rate This Thread
Linear Mode Linear Mode
Rate This Thread:



Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome