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Re: Chrysler-Losses mount at our Company
Correct me if I'm wrong, I was always under the impression vehicles on dealer lots are already bought and owned by the dealer.. of course funded at leveraged rates through Chrysler Financial, which is a business unit of DaimlerChrysler Financial Services -- a tangled web.
My guess is the excess finshed goods inventory is not reflected at Chrysler -- therefore should ultimately emerge as poor receivables at Chrysler Financial... and will impact future revenue stream there as well. The bean counters already know this is coming and that's why the recent loan and floating rumors of bankruptcy is being tossed at Wall Street -- and not just at Chrysler.
I would like to know the total impact to the supply chain, including Chrysler, Ford and GM suppliers and dealers... I'm seeing dealers around here consolidating or going under at alarming rates.
This fallout is huge... I believe we're all in for a rough ride.
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Last edited by WO51 : 07-02-2008 at 09:29 PM.
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