LOL, This is Hilarious!!!

chefdennis · Mar 31, 2009

You think barry and Turbo Tax Timmy did their homework on Fiat and as barry said the other night, "they took their time because they wanted to know what they were talking about" and they made their decision on chysler based on this info or they just "Winged" it and ran off at the mouth which they seem to be doing alot of......LOL, this really is funny ....Chysler is soooo doomed!! Might as well just pull the plug now!!

S&P cuts Fiat to junk status of 'BB+'

By Sue Chang
Last update: 3:05 p.m. EDT March 31, 2009
SAN FRANCISCO (MarketWatch)

S&P cuts Fiat to junk status of 'BB+' - MarketWatch

Standard & Poor's Ratings Services on Tuesday lowered Fiat's long-term corporate credit rating to junk status of BB+ from BBB- and kept the rating on CreditWatch with negative implications. It also cut Fiat's short-term rating to B from A-. "The downgrade reflects our opinion of Fiat's weak liquidity position considering 2009 and 2010 debt maturities," said Barbara Castellano, S&P's credit analyst. The ratings agency also warned that the deterioration of global auto demand could negatively affect Fiat's operating performance and increase the risk of the Italian industrial group having to burn cash again in 2009.

greg334 · Mar 31, 2009

S&P can say what ever they want, Fiat is stronger than the three companies combined in the world market. They learned a long time ago what to do when it gets tough and have a rather good line of products. The shotgun marriage between Chrysler and Fiat may be the best thing for us, the consumer at this point, I give up hope for the US auto worker, it seems their days are over with.

And tell you the truth if I had the choice between the new Fiat 500 and any of the Chrysler models, I would be saying Ciao to the Chrysler products.

chefdennis · Mar 31, 2009

ahhh id buy a 1973 pinto before i'd buy anything chysler has to build today, including the new challenger....

OntarioVanMan · Mar 31, 2009

Hey Dennis..bad choice...Challenger is built in Canada...hehe

Tennesseahawk · Mar 31, 2009

But so is Swiss Chalet!

greg334 · Apr 1, 2009

OntarioVanMan said:
Hey Dennis..bad choice...Challenger is built in Canada...hehe

So it is like the PT cruiser, foreign built!

MentalGiant · Apr 1, 2009

chefdennis said:
You think barry and Turbo Tax Timmy did their homework on Fiat and as barry said the other night, "they took their time because they wanted to know what they were talking about" and they made their decision on chysler based on this info or they just "Winged" it and ran off at the mouth which they seem to be doing alot of......LOL, this really is funny ....Chysler is soooo doomed!! Might as well just pull the plug now!!

S&P cuts Fiat to junk status of 'BB+'

By Sue Chang
Last update: 3:05 p.m. EDT March 31, 2009
SAN FRANCISCO (MarketWatch)

S&P cuts Fiat to junk status of 'BB+' - MarketWatch

And this may make Fiat to back out of the deal while they have the chance. They were real leary about doing anything with Chrysler in the first place.

inkasnana · Apr 1, 2009

deterioration of global auto demand

Maybe, there just isn't as high a demand for new vehicles anymore because people are keeping their cars longer, or buying used, or there are just too many new cars available and the auto companies just keep (well, did) on pumping out more and more new cars that are just sitting there looking pretty. How many new cars a day were being purchased world-wide compared to how many a day were being produced day after day by every car company in the world? I'm probably way off base here but to me it seems like a big issue of supply and demand and right now there is an abundant supply with a lack of demand.