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Chrysler sells assets to delay repayment Fiat rescue scheme





Although in the United States automobile encounters difficulties during Chrysler eluding the bankruptcy, was merger and Fiat. However, at present, in General, Ford began to recover, with Chrysler days but still not good too.

■ Raise funds from the sale of assets

Recently, Chrysler to million of the price, it is owned by the American Motors former headquarters building and the other three are located in Michigan and New York Factory sale, a sale of the main purpose is to raise funds to pay their debts.

According to reports, the sale of American Motors headquarters is Chrysler in 1987 and the acquisition of, and has since become their engineering technology center, where consumers well-known JEEP (Gallery Forum) Grand Cherokee (configure Gallery reputation Forum) is born from this Center. Because of poor management, in the Builing Chrysler on the Group's continued streamlining, the Centre's staff are also less and less.

Against this asset sale event, Chrysler spokesman refused to publish any comments.

Since last year after the merger and by Fiat, Chrysler's primary task is to solve the current debt problems, including reimbursement from the United States Government had borrowed debt.

And the approach of debt repayment date, Fiat's rescue plan was repeatedly postponed. At present, its merger mentioned new models and many other projects still at the planning stage, there is no specific timetable for implementation.

A United States automotive analysts said that Fiat has been slow to take effective measures to make Chrysler's recovery has been slow, and its current status is insufficient to repay the debt, the realization of assets should be a last resort.

■ Increased borrowing market recovery in sales

Of course, as the global automotive markets gradually recovered, although in declining North American market is still up, but Chrysler in North America other than the slight growth in the market, and let Chrysler transcripts seem not so bad.

Recently, according to Chrysler announced data show that in the first quarter of 2010, Chrysler in North American market sales 24 million units, and sustained negative growth, market sales year-over-year decline of about 5.3%, of which, for the month of March is a year-over-year decline of nearly 9%.

At the same time, market outside North America has become a major source of Chrysler growth. Statistics show that in the first quarter of this year, Chrysler sales outside North America to increase 35647, an increase of 1%. 3 month, Chrysler sales outside of North America is near 1.4 million units, compared with the previous month increased by 32%. With Asia Pacific sales for 3298 units, an increase of 7%, while sales in the Chinese market reached nearly 2000 vehicles. In addition to the Asia-Pacific market, 3 month, Chrysler in Africa, the Middle East, Eastern Europe, Russia, Latin America, Western and Central Europe and other places of sales found the ring than growth.

Previously, Fiat CEO Chrysler incumbent CEO Malchow said, to make the realization of Chrysler in this year's profit and loss balance, in US sales reached 110 million units. But judging from the present situation, it seems very difficult to reach.

There are professional automotive analysts recently published an article reported that although Chrysler 3 month profit breakthrough, but subsequent operation is still not optimistic prospects. Of these, the analyst believes that, despite the reduction in Malchow Chrysler costs paid a lot of effort, but it made a series of strategy still exist many problems.

It is understood that in Malchow is expected to be officially announced tomorrow for the next 5 years Chrysler and Fiat's development strategy, its Chrysler rescue scheme how to implement, is also bound to be the focus of attention of the industry, as this is the Chrysler in mergers and acquisitions can achieve profitable key.