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Old 12-12-2008, 01:40 PM   #1
ssdd
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Default CFC Name change

Chrysler financial corporation is changing their name they are changing it to;

Chrysler Financial Services Americas LLC

LLC = Limited Liquidity Corporation
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Old 12-12-2008, 02:18 PM   #2
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Chrysler financial corporation is changing their name they are changing it to;

Chrysler Financial Services Americas LLC

LLC = Limited Liquidity Corporation
That was awesome.....

Thanks for the laugh, I needed one today.
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Old 12-12-2008, 02:22 PM   #3
ssdd
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That's all I can do... laugh to keep from crying.
we sold six cars yesterday, the lowest beacon score was 630 and we could not get any of them bought...
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Old 12-12-2008, 03:43 PM   #4
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That's all I can do... laugh to keep from crying.
we sold six cars yesterday, the lowest beacon score was 630 and we could not get any of them bought...
Wow, that's got to be killing morale in your store.

I read that GM has teamed-up with a number of Credit Unions in an effort to help their dealers fund deals - I need to read more to get the details. (It sounded like a major program - $10 Billion +)

I hope that Chrysler has similar plans. After-all, you can't sell a car if you can't get the deal bought.
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Old 12-12-2008, 03:47 PM   #5
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LLC = Limited Liquidity Corporation
I just read the CFC e-mail regarding CMA withdrawls - Limited Liquidity Corporation seems to be dead on.

I wonder if dealers are re-advancing on CMA because they're worried about CFC's future or if they're just using the money to fund daily operations because their stores are losing money?
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Old 12-12-2008, 05:11 PM   #6
dafuzz1956
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LIMITED LIQUIDITY CORPORATION that is perfect, and I thought I was creative!
Well we are about to wittness a lot of changes in the entire world.
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Old 12-12-2008, 05:28 PM   #7
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I wonder if dealers are re-advancing on CMA because they're worried about CFC's future or if they're just using the money to fund daily operations because their stores are losing money?
I just found the answer to my own question.....

I've been behind on my reading of Automotive News and just read an article from the November 24th issue that indicated that CMA funds could be in jeopardy if an automaker filed Chapter 11.

To the extent that CFC must know that fear is what's driving the re-advancing of CMA funds, you'd think they would address the issue and put their dealer's concerns at ease. I always thought that CMA was safe because it was backed-up with physical inventory - I wonder what the lawyers know that makes them feel the funds may be in jeopardy?
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Old 12-12-2008, 07:13 PM   #8
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Hopefully they have know idea and some X-mas miricle will happen on Penn ave.
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Old 12-18-2008, 04:01 AM   #9
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I am sorry about my spelling in recent statements, I can't type sober and I should not try after a few libations. I just reviewedsome of them and I don't understand what I said.
Agian sorry gang.
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Old 12-18-2008, 05:13 AM   #10
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apparently Friday, after they did not pass the bridge loan bill, there was a "run" if you will, on cma. 60 million was withdrawn and Tom Gillman $hit his pants...
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Old 12-18-2008, 08:07 AM   #11
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Quote:
Originally Posted by dafuzz1956 View Post
Hopefully they have know idea and some X-mas miricle will happen on Penn ave.
Quote:
Originally Posted by dafuzz1956 View Post
I am sorry about my spelling in recent statements, I can't type sober and I should not try after a few libations. I just reviewedsome of them and I don't understand what I said.
Agian sorry gang.
TWI (typing while intoxicated)
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Old 12-18-2008, 11:33 AM   #12
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apparently Friday, after they did not pass the bridge loan bill, there was a "run" if you will, on cma. 60 million was withdrawn and Tom Gillman $hit his pants...
To the extent that CFC knows that the withdrawals are based on fear I'm surprised that they didn't make some statement regarding the safety of CMA. (I'm assuming that it's somewhat safe given that it's secured by inventory)

No one can argue that the rate of return is favorable, CFC just needs to address the risk. Maybe CMA should be backed by Cerberus in the event of a Chrysler bankruptcy?
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Old 12-18-2008, 12:35 PM   #13
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To the extent that CFC knows that the withdrawals are based on fear I'm surprised that they didn't make some statement regarding the safety of CMA. (I'm assuming that it's somewhat safe given that it's secured by inventory)

No one can argue that the rate of return is favorable, CFC just needs to address the risk. Maybe CMA should be backed by Cerberus in the event of a Chrysler bankruptcy?
do you think that the dealers would trust Cerberus?
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Old 12-18-2008, 02:32 PM   #14
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do you think that the dealers would trust Cerberus?
That's an excellent point, based on recent history I'd agree that the answer is "no."

It still seems like there should be a better answer than simply asking the dealers to help the team. Without a solution, Gilman's letter may actually fuel more re-advances on CMA.
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Old 12-18-2008, 04:38 PM   #15
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Again, my investmest is covered by inventory.
If "they" go belly up what is my inventory worth.
I'll give you 20 Nitros and 20 Durangos for your investmest.
You'll give me 50K street worth of stuff for my 1M investment?
Sure. Wanna by the Brooklyn Bridge?
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