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New contract for FCA #2723357
12/11/19 08:24 PM
12/11/19 08:24 PM
Joined: Jan 2003
Posts: 38,463
Round Lake Beach, Illinoisy
Rhinodart Offline OP
Rhinotruck
Rhinodart  Offline OP
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Round Lake Beach, Illinoisy

Last edited by Rhinodart; 12/11/19 08:29 PM.

The funny thing about science is that if you change one miniscule parameter you change the entire outcome to the way you want it.

JB Rhinehart, Realist

A-Body's RULE!
Re: New contract for FCA [Re: Rhinodart] #2723370
12/11/19 09:31 PM
12/11/19 09:31 PM
Joined: Jan 2003
Posts: 18,859
Park Forest, IL
slantzilla Offline
I Live Here
slantzilla  Offline
I Live Here

Joined: Jan 2003
Posts: 18,859
Park Forest, IL
Sweet!


"Everybody funny, now you funny too."
Re: New contract for FCA [Re: Rhinodart] #2723375
12/11/19 11:48 PM
12/11/19 11:48 PM
Joined: Jan 2007
Posts: 8,527
Lost in Space
SNK-EYZ Offline
master
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Posts: 8,527
Lost in Space
Originally Posted by Rhinodart


To be honest, I still wouldn't trust FCA on future plant closures.


From allpar,
Quote
Chrysler announced an investment of $1 billion in the St. Louis North and St. Louis South Assembly Plants in 2005, to modernize and re-tool the facilities.

https://www.allpar.com/corporate/factories/st-louis.html

I know they spent about $500 million on building a new metal shop in the truck plant, then razed it to the ground.

They leveled both those plants with no remorse.


Kayse can't keep up at all now. lol
Re: New contract for FCA [Re: SNK-EYZ] #2723418
12/12/19 09:54 AM
12/12/19 09:54 AM
Joined: Jan 2003
Posts: 38,463
Round Lake Beach, Illinoisy
Rhinodart Offline OP
Rhinotruck
Rhinodart  Offline OP
Rhinotruck

Joined: Jan 2003
Posts: 38,463
Round Lake Beach, Illinoisy
I thought the city raised those plants after promising the world to local workers?!?


The funny thing about science is that if you change one miniscule parameter you change the entire outcome to the way you want it.

JB Rhinehart, Realist

A-Body's RULE!
Re: New contract for FCA [Re: Rhinodart] #2723425
12/12/19 10:28 AM
12/12/19 10:28 AM
Joined: Jan 2003
Posts: 3,675
Richmond, Indiana
19swinger70 Offline
master
19swinger70  Offline
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Joined: Jan 2003
Posts: 3,675
Richmond, Indiana
Originally Posted by Rhinodart


That's great. That 55 million will be spread out to machine builders and other suppliers in the region. I know a guy in Indiana with a capital equipment business.........


1970 340 swinger. sublime 1967 barracuda fastback BB project 55 Plymouth Project
Re: New contract for FCA [Re: Rhinodart] #2723451
12/12/19 12:36 PM
12/12/19 12:36 PM
Joined: Jan 2007
Posts: 8,527
Lost in Space
SNK-EYZ Offline
master
SNK-EYZ  Offline
master

Joined: Jan 2007
Posts: 8,527
Lost in Space
Originally Posted by Rhinodart
I thought the city raised those plants after promising the world to local workers?!?


The city didn't do anything since they didn't own it, their only involvement had been tax abatement's to Chrysler (which I believe had to be repaid).

Chrysler spun off the ownership of the property to OLDCARCO INC. so it wouldn't be on their regular books as assets.

They sold the scrap rights to the buildings in 2010 (for $10 million IIRC) and the buildings were leveled to the ground for the scrap steel but nothing at grade level was touched. It was deemed too expensive to break out all the concrete that had been poured around the steel piers. It was something like 10 truckloads of concrete on each pier and the were steel piers every 40 feet.

In the last year (almost 10 years after they were leveled) they started breaking out the concrete and pavement on the actual former plant sites.

I believe that a developer has a hopeful plan of some sort of shipping hub on the plant site, but nothing that will add decent paying jobs.

The property nearby that was Cassen's Transport has some new buildings on it.


As I said before I wouldn't trust FCA just because the say they'll spend $55 million, they spent a billion dollars on the STL plants then razed them anyway a few years later.


Kayse can't keep up at all now. lol
Re: New contract for FCA [Re: SNK-EYZ] #2723461
12/12/19 01:14 PM
12/12/19 01:14 PM
Joined: May 2019
Posts: 923
nowhere
S
Sniper Offline
super stock
Sniper  Offline
super stock
S

Joined: May 2019
Posts: 923
nowhere
There was a reason they raised it.

Try not to duplicate that reason elsewhere.

Re: New contract for FCA [Re: SNK-EYZ] #2723561
12/12/19 07:28 PM
12/12/19 07:28 PM
Joined: Jan 2003
Posts: 38,463
Round Lake Beach, Illinoisy
Rhinodart Offline OP
Rhinotruck
Rhinodart  Offline OP
Rhinotruck

Joined: Jan 2003
Posts: 38,463
Round Lake Beach, Illinoisy
Originally Posted by SNK-EYZ
Originally Posted by Rhinodart
I thought the city raised those plants after promising the world to local workers?!?


The city didn't do anything since they didn't own it, their only involvement had been tax abatement's to Chrysler (which I believe had to be repaid).

Chrysler spun off the ownership of the property to OLDCARCO INC. so it wouldn't be on their regular books as assets.

They sold the scrap rights to the buildings in 2010 (for $10 million IIRC) and the buildings were leveled to the ground for the scrap steel but nothing at grade level was touched. It was deemed too expensive to break out all the concrete that had been poured around the steel piers. It was something like 10 truckloads of concrete on each pier and the were steel piers every 40 feet.

In the last year (almost 10 years after they were leveled) they started breaking out the concrete and pavement on the actual former plant sites.

I believe that a developer has a hopeful plan of some sort of shipping hub on the plant site, but nothing that will add decent paying jobs.

The property nearby that was Cassen's Transport has some new buildings on it.


As I said before I wouldn't trust FCA just because the say they'll spend $55 million, they spent a billion dollars on the STL plants then razed them anyway a few years later.


But FCA didn't buy Chrysler until 2014, it was the last couple of "owners" who took the plant out before FCA!


The funny thing about science is that if you change one miniscule parameter you change the entire outcome to the way you want it.

JB Rhinehart, Realist

A-Body's RULE!
Re: New contract for FCA [Re: Rhinodart] #2723616
12/12/19 11:54 PM
12/12/19 11:54 PM
Joined: Jan 2007
Posts: 8,527
Lost in Space
SNK-EYZ Offline
master
SNK-EYZ  Offline
master

Joined: Jan 2007
Posts: 8,527
Lost in Space
Originally Posted by Rhinodart
Originally Posted by SNK-EYZ
Originally Posted by Rhinodart
I thought the city raised those plants after promising the world to local workers?!?


The city didn't do anything since they didn't own it, their only involvement had been tax abatement's to Chrysler (which I believe had to be repaid).

Chrysler spun off the ownership of the property to OLDCARCO INC. so it wouldn't be on their regular books as assets.

They sold the scrap rights to the buildings in 2010 (for $10 million IIRC) and the buildings were leveled to the ground for the scrap steel but nothing at grade level was touched. It was deemed too expensive to break out all the concrete that had been poured around the steel piers. It was something like 10 truckloads of concrete on each pier and the were steel piers every 40 feet.

In the last year (almost 10 years after they were leveled) they started breaking out the concrete and pavement on the actual former plant sites.

I believe that a developer has a hopeful plan of some sort of shipping hub on the plant site, but nothing that will add decent paying jobs.

The property nearby that was Cassen's Transport has some new buildings on it.


As I said before I wouldn't trust FCA just because the say they'll spend $55 million, they spent a billion dollars on the STL plants then razed them anyway a few years later.


But FCA didn't buy Chrysler until 2014, it was the last couple of "owners" who took the plant out before FCA!


Actually Fiat was handed half ownership of what was left of Chrysler by the last administration shortly after Cerberus owned Chrysler filed bankruptcy in 2009.
The other 50% of the stock given to the UAW for use to fund the Pensions and Health Insurance for retiree and they eventually sold it to Fiat a few years later and 2014 was when they had complete ownership of what was Chrysler.

Quote

In the 2009 deal overseen by the Obama administration's auto task force, Fiat paid no money to acquire its initial 20 percent stake in Chrysler — only contributing some of its intellectual property, instead. Fiat would later pay $2.2 billion to raise its stake in the company to 58.5 percent.Jan 13, 2014


https://www.newsmax.com/berlaumn/chrysler-bailout-obama-jeep/2014/01/13/id/546799/


Kayse can't keep up at all now. lol
Re: New contract for FCA [Re: SNK-EYZ] #2723646
12/13/19 07:26 AM
12/13/19 07:26 AM
Joined: Feb 2007
Posts: 2,402
Michigan
O
oldjonny Offline
Don't argue with me.
oldjonny  Offline
Don't argue with me.
O

Joined: Feb 2007
Posts: 2,402
Michigan
Originally Posted by SNK-EYZ
Originally Posted by Rhinodart
Originally Posted by SNK-EYZ
Originally Posted by Rhinodart
I thought the city raised those plants after promising the world to local workers?!?


The city didn't do anything since they didn't own it, their only involvement had been tax abatement's to Chrysler (which I believe had to be repaid).

Chrysler spun off the ownership of the property to OLDCARCO INC. so it wouldn't be on their regular books as assets.

They sold the scrap rights to the buildings in 2010 (for $10 million IIRC) and the buildings were leveled to the ground for the scrap steel but nothing at grade level was touched. It was deemed too expensive to break out all the concrete that had been poured around the steel piers. It was something like 10 truckloads of concrete on each pier and the were steel piers every 40 feet.

In the last year (almost 10 years after they were leveled) they started breaking out the concrete and pavement on the actual former plant sites.

I believe that a developer has a hopeful plan of some sort of shipping hub on the plant site, but nothing that will add decent paying jobs.

The property nearby that was Cassen's Transport has some new buildings on it.


As I said before I wouldn't trust FCA just because the say they'll spend $55 million, they spent a billion dollars on the STL plants then razed them anyway a few years later.


But FCA didn't buy Chrysler until 2014, it was the last couple of "owners" who took the plant out before FCA!


Actually Fiat was handed half ownership of what was left of Chrysler by the last administration shortly after Cerberus owned Chrysler filed bankruptcy in 2009.
The other 50% of the stock given to the UAW for use to fund the Pensions and Health Insurance for retiree and they eventually sold it to Fiat a few years later and 2014 was when they had complete ownership of what was Chrysler.

Quote

In the 2009 deal overseen by the Obama administration's auto task force, Fiat paid no money to acquire its initial 20 percent stake in Chrysler — only contributing some of its intellectual property, instead. Fiat would later pay $2.2 billion to raise its stake in the company to 58.5 percent.Jan 13, 2014


https://www.newsmax.com/berlaumn/chrysler-bailout-obama-jeep/2014/01/13/id/546799/



You are correct....I bolded the parts that still make zero sense.


Never, ever argue with an IDIOT. They will drag you to their level and then beat you with their years of experience
Re: New contract for FCA [Re: SNK-EYZ] #2723737
12/13/19 12:44 PM
12/13/19 12:44 PM
Joined: Oct 2003
Posts: 713
s.e. MI
P
partsforsale Offline
super stock
partsforsale  Offline
super stock
P

Joined: Oct 2003
Posts: 713
s.e. MI


Quote
Fiat paid no money to acquire its initial 20 percent stake in Chrysler — only contributing some of its intellectual property, instead.



I'd like to see a detailed list of the "intellectual property" that was contributed by Fiat, LOL............

Re: New contract for FCA [Re: partsforsale] #2723751
12/13/19 01:12 PM
12/13/19 01:12 PM
Joined: Nov 2003
Posts: 770
Rochester NY
J
Jer Offline
super stock
Jer  Offline
super stock
J

Joined: Nov 2003
Posts: 770
Rochester NY
Not sure I trust anything or any decision on the Fiat side.

My son has been working on the new twin-turbo engine slated for trucks and Jeeps, but all of this started before the surprise announcement of the FCA-PSA "merger" (and we all know how well those go!) ALL the decisions regarding product and labor concerning the weaker FCA side will be made by PSA, and I don't see this ending well, either, especially as more comes to light regarding the rampant fraud in FCA.

Re: New contract for FCA [Re: Jer] #2723754
12/13/19 01:19 PM
12/13/19 01:19 PM
Joined: Apr 2006
Posts: 1,283
North East USA
B
BIGGERED Offline
Reasonable Title
BIGGERED  Offline
Reasonable Title
B

Joined: Apr 2006
Posts: 1,283
North East USA
I am extremely concerned for FCA

While shopping for reliable cheap transportation for my son there appear to be more 2019 Jeep Compass for sale with < 20k on them than 2019/2020 new on the lot.

I realize they were engaged in sales forkery and paid a price to perhaps the SEC but it may be further biting them now.

Kevin


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