Fairfax County General :
Fairfax Underground
Welcome to Fairfax Underground, a project site designed to improve communication among residents of Fairfax County, VA. Feel free to post anything Northern Virginia residents would find interesting.
Welcome to Fairfax Underground, a project site designed to improve communication among residents of Fairfax County, VA. Feel free to post anything Northern Virginia residents would find interesting.
17 Chrysler Dealerships to close in the area
Posted by:
Junes
()
Date: May 14, 2009 06:09PM
Local dealerships received their "lay off" letter from Chrysler, with further instructions as to stock liquidation and service contracts to be provide in mid June.
Slice and Dice Ford if you like, but Ford was the only one that didn't go to the Bail Out Buffet Table. I'm proud to be a Ford owner. As soon as they make a hybrid small truck, I'll be at the dealership with my check in hand.
Slice and Dice Ford if you like, but Ford was the only one that didn't go to the Bail Out Buffet Table. I'm proud to be a Ford owner. As soon as they make a hybrid small truck, I'll be at the dealership with my check in hand.
Re: 17 Chrysler Dealerships to close in the area
Posted by:
tubby
()
Date: May 14, 2009 07:53PM
The only reason Ford didn't take a bailout is because they have been able to maintain sufficient liquidity thanks to 23 billion dollars in private borrowing in late 2006.
They put up ALL their assets, right down to the blue oval, as collateral.
They are still losing billions every quarter and when that loan money is gone, you can bet your ass they'll belly up to the Bail Out Buffet Table. However, if the economy picks up soon....they may pull it off.
But after how I got fucked on a new Ford F-150 in 1993 (5 trannies in 80K miles)....you couldn't give me a fucking Ford.
Speaking of dealers closing, this is just the beginning....GM is pulling the plug on Saturn, Pontiac, and Hummer. How many stores do those brands have around here?
They are also going to close LOTS of dealers of the surviving brands...I think I read 2600 of them nationwide. Unfortunately, the biggest, most dishonest of them will probably live to swindle another day.
They've had too many dealers for years...6200. Toyota, which sells almost as many cars has 1800 dealers in the US. The problem with closing dealers is that it's expensive....many states have tough franchise laws to protect dealers. But when GM files for bankruptcy in June...they can dump all the dealers they want without paying them millions.
They put up ALL their assets, right down to the blue oval, as collateral.
They are still losing billions every quarter and when that loan money is gone, you can bet your ass they'll belly up to the Bail Out Buffet Table. However, if the economy picks up soon....they may pull it off.
But after how I got fucked on a new Ford F-150 in 1993 (5 trannies in 80K miles)....you couldn't give me a fucking Ford.
Speaking of dealers closing, this is just the beginning....GM is pulling the plug on Saturn, Pontiac, and Hummer. How many stores do those brands have around here?
They are also going to close LOTS of dealers of the surviving brands...I think I read 2600 of them nationwide. Unfortunately, the biggest, most dishonest of them will probably live to swindle another day.
They've had too many dealers for years...6200. Toyota, which sells almost as many cars has 1800 dealers in the US. The problem with closing dealers is that it's expensive....many states have tough franchise laws to protect dealers. But when GM files for bankruptcy in June...they can dump all the dealers they want without paying them millions.
Re: 17 Chrysler Dealerships to close in the area
Posted by:
tubby
()
Date: May 14, 2009 08:11PM
And I'll bet the investors that loaned Ford the 23 billion are praying for an economic recovery.
The way Obama fucked the GM and Chrysler bondholders is nothing short of criminal. What sane person would invest in corporate bonds after seeing that?
The way Obama fucked the GM and Chrysler bondholders is nothing short of criminal. What sane person would invest in corporate bonds after seeing that?
Re: 17 Chrysler Dealerships to close in the area
Posted by:
Pay Cuts Needed
()
Date: May 14, 2009 08:39PM
tubby Wrote:
-------------------------------------------------------
> And I'll bet the investors that loaned Ford the 23
> billion are praying for an economic recovery.
>
> The way Obama fucked the GM and Chrysler
> bondholders is nothing short of criminal. What
> sane person would invest in corporate bonds after
> seeing that?
Obama has been fucking a lot of people in his first 120 days. When is he going to cut THE PAY OF LAWYERS and union pay?
-------------------------------------------------------
> And I'll bet the investors that loaned Ford the 23
> billion are praying for an economic recovery.
>
> The way Obama fucked the GM and Chrysler
> bondholders is nothing short of criminal. What
> sane person would invest in corporate bonds after
> seeing that?
Obama has been fucking a lot of people in his first 120 days. When is he going to cut THE PAY OF LAWYERS and union pay?
Re: 17 Chrysler Dealerships to close in the area
Posted by:
Cut the Bitches
()
Date: May 14, 2009 10:08PM
Junes Wrote:
-------------------------------------------------------
> Local dealerships received their "lay off" letter
> from Chrysler, with further instructions as to
> stock liquidation and service contracts to be
> provide in mid June.
>
>
Good riddance. There are too many American car dealerships. The Big Three inherited all these mom & pop outfits over the decades as they acquired brands. This culling is about four decades overdue.
-------------------------------------------------------
> Local dealerships received their "lay off" letter
> from Chrysler, with further instructions as to
> stock liquidation and service contracts to be
> provide in mid June.
>
>
Good riddance. There are too many American car dealerships. The Big Three inherited all these mom & pop outfits over the decades as they acquired brands. This culling is about four decades overdue.
Re: 17 Chrysler Dealerships to close in the area
Posted by:
The Big 3
()
Date: May 14, 2009 10:26PM
Wonder if they will shut down Farrish jeep?
Re: 17 Chrysler Dealerships to close in the area
Posted by:
SomeGuy
()
Date: May 15, 2009 11:57AM
Didn't see them on the list that was linked to off of CNN.
PDF File:
http://i2.cdn.turner.com/cnn/2009/images/05/15/chrysler.dealerships.pdf
PDF File:
http://i2.cdn.turner.com/cnn/2009/images/05/15/chrysler.dealerships.pdf
Re: 17 Chrysler Dealerships to close in the area
Posted by:
pgens
()
Date: May 15, 2009 12:01PM
Nope, Farrish is not on the list. And Fair Oaks Chrysler/Jeep is not on the list, though its literal next-door-neighbor Ourisman Chrysler/Dodge is on the list.
http://www.nbcwashington.com/news/local/Chrysler-Dealerships.html
http://www.nbcwashington.com/news/local/Chrysler-Dealerships.html
Re: 17 Chrysler Dealerships to close in the area
Posted by:
WashingTone Locian
()
Date: May 15, 2009 12:08PM
This graphic helps demonstrate why GM and Chrysler need to do this...
Expect this shit to be tied up in court for years.
Expect this shit to be tied up in court for years.
Re: 17 Chrysler Dealerships to close in the area
Posted by:
Bonfire
()
Date: May 15, 2009 02:00PM
Make a Fucking car that doesnt burn 2 gallons to the mile, lose transmissions every 23000 fucking miles, Leak oil all over everything and power steering fluid within the first 40,000 miles of its life, and maybe people would buy aMERICAN CARS. $54,000 dollars for the Mercury Marauder????? Its a FUCKING 4 DOOR SEDAN for Shits sake. For guys being paid in excess of 85 dollars an hour on the factory line I expect much better than what I have seen. I worked at Lustine Dodge for 3 years and Lindsay Chevrolet for 8 and some of the shit that came through the shop was pure JUNK!!! Fucking embarassing!!!
Damn......ranting again
Damn......ranting again
Re: 17 Chrysler Dealerships to close in the area
Posted by:
Vince(1)
()
Date: May 15, 2009 04:32PM
This is all part of the "it's going to get worse before it gets better" part of this recession. I imagine lots of mechanics will be a impacted....these are our neighbors and friends...very sad.
Re: 17 Chrysler Dealerships to close in the area
Posted by:
WashingTone Locian
()
Date: May 15, 2009 04:38PM
Bonfire Wrote:
-------------------------------------------------------
> Make a Fucking car that doesnt burn 2 gallons to
> the mile, lose transmissions every 23000 fucking
> miles, Leak oil all over everything and power
> steering fluid within the first 40,000 miles of
> its life, and maybe people would buy aMERICAN
> CARS. $54,000 dollars for the Mercury
> Marauder????? Its a FUCKING 4 DOOR SEDAN for Shits
> sake. For guys being paid in excess of 85 dollars
> an hour on the factory line I expect much better
> than what I have seen. I worked at Lustine Dodge
> for 3 years and Lindsay Chevrolet for 8 and some
> of the shit that came through the shop was pure
> JUNK!!! Fucking embarassing!!!
>
> Damn......ranting again
A lot of this has to do with all the bullshit dealership contracts these automakers have had over the years. Instead of building a really good Camry or a really good Accord, GM uses the same frame and parts to build shitty Chevys, Pontiacs, Buicks, Saturns, etc, to meet their stupid contractual obligations. Lots of shit out there to satisfy the demands of dealers who can't sell.
Edited 1 time(s). Last edit at 05/15/2009 04:38PM by WashingTone Locian.
-------------------------------------------------------
> Make a Fucking car that doesnt burn 2 gallons to
> the mile, lose transmissions every 23000 fucking
> miles, Leak oil all over everything and power
> steering fluid within the first 40,000 miles of
> its life, and maybe people would buy aMERICAN
> CARS. $54,000 dollars for the Mercury
> Marauder????? Its a FUCKING 4 DOOR SEDAN for Shits
> sake. For guys being paid in excess of 85 dollars
> an hour on the factory line I expect much better
> than what I have seen. I worked at Lustine Dodge
> for 3 years and Lindsay Chevrolet for 8 and some
> of the shit that came through the shop was pure
> JUNK!!! Fucking embarassing!!!
>
> Damn......ranting again
A lot of this has to do with all the bullshit dealership contracts these automakers have had over the years. Instead of building a really good Camry or a really good Accord, GM uses the same frame and parts to build shitty Chevys, Pontiacs, Buicks, Saturns, etc, to meet their stupid contractual obligations. Lots of shit out there to satisfy the demands of dealers who can't sell.
Edited 1 time(s). Last edit at 05/15/2009 04:38PM by WashingTone Locian.
Re: 17 Chrysler Dealerships to close in the area
Posted by:
Moore??
()
Date: May 15, 2009 07:44PM
I wonder if the Moore Cadillac/Hummer on route 50 will get the boot... right now they're building a nice brick perimeter around the lake in front of the buildings
Re: 17 Chrysler Dealerships to close in the area
Posted by:
tubby
()
Date: May 15, 2009 08:30PM
Moore?? Wrote:
-------------------------------------------------------
> I wonder if the Moore Cadillac/Hummer on route 50
> will get the boot... right now they're building a
> nice brick perimeter around the lake in front of
> the buildings
The Hummer part for sure....GM is getting rid of that, Pontiac, and Saturn.
I don't see how GM can dump these dealers without filing bankruptcy first, as Chrysler did. State laws that protect franchise holders are most easily voided by bankruptcy. It cost GM a billion dollars to shut down Oldsmobile...most of that to pay off the dealers.
-------------------------------------------------------
> I wonder if the Moore Cadillac/Hummer on route 50
> will get the boot... right now they're building a
> nice brick perimeter around the lake in front of
> the buildings
The Hummer part for sure....GM is getting rid of that, Pontiac, and Saturn.
I don't see how GM can dump these dealers without filing bankruptcy first, as Chrysler did. State laws that protect franchise holders are most easily voided by bankruptcy. It cost GM a billion dollars to shut down Oldsmobile...most of that to pay off the dealers.
Re: 17 Chrysler Dealerships to close in the area
Posted by:
pgens
()
Date: May 15, 2009 08:45PM
Shutdown can equal non-renewal of a franchise agreement. I doubt bankruptcy would be a requirement for a company to decline to renew a franchise agreement.
Re: 17 Chrysler Dealerships to close in the area
Posted by:
Rod
()
Date: May 15, 2009 09:45PM
Cut the Bitches Wrote:
-------------------------------------------------------
> Junes Wrote:
> --------------------------------------------------
> -----
> > Local dealerships received their "lay off"
> letter
> > from Chrysler, with further instructions as to
> > stock liquidation and service contracts to be
> > provide in mid June.
> >
> >
>
> Good riddance. There are too many American car
> dealerships. The Big Three inherited all these mom
> & pop outfits over the decades as they acquired
> brands. This culling is about four decades
> overdue.
How is the national company helped if there is no real financial dependance and the local dealers are independently fiananced?
-------------------------------------------------------
> Junes Wrote:
> --------------------------------------------------
> -----
> > Local dealerships received their "lay off"
> letter
> > from Chrysler, with further instructions as to
> > stock liquidation and service contracts to be
> > provide in mid June.
> >
> >
>
> Good riddance. There are too many American car
> dealerships. The Big Three inherited all these mom
> & pop outfits over the decades as they acquired
> brands. This culling is about four decades
> overdue.
How is the national company helped if there is no real financial dependance and the local dealers are independently fiananced?
Re: 17 Chrysler Dealerships to close in the area
Posted by:
Peter Gazinya
()
Date: May 15, 2009 10:33PM
Where is Subaru in all of this?
Re: 17 Chrysler Dealerships to close in the area
Posted by:
moore??
()
Date: May 16, 2009 12:36AM
tubby Wrote:
-------------------------------------------------------
> The Hummer part for sure....GM is getting rid of
> that, Pontiac, and Saturn.
But, that dealership is like brand new... anyone think that another GM model could go into that store in it's place?
-------------------------------------------------------
> The Hummer part for sure....GM is getting rid of
> that, Pontiac, and Saturn.
But, that dealership is like brand new... anyone think that another GM model could go into that store in it's place?
Re: 17 Chrysler Dealerships to close in the area
Posted by:
Cut the Bitches
()
Date: May 16, 2009 09:00AM
Rod Wrote:
-------------------------------------------------------
> Cut the Bitches Wrote:
> --------------------------------------------------
> -----
> > Junes Wrote:
> >
> --------------------------------------------------
>
> > -----
> > > Local dealerships received their "lay off"
> > letter
> > > from Chrysler, with further instructions as
> to
> > > stock liquidation and service contracts to be
> > > provide in mid June.
> > >
> > >
> >
> > Good riddance. There are too many American car
> > dealerships. The Big Three inherited all these
> mom
> > & pop outfits over the decades as they acquired
> > brands. This culling is about four decades
> > overdue.
>
>
>
>
> How is the national company helped if there is no
> real financial dependance and the local dealers
> are independently fiananced?
In the case of GM, they are cutting brands, so it will be less expense sticking Pontiac and Saturn features on a Chevy to pacify those dealerships. As for Chrysler, I imagine there are still heavy costs associated with servicing these dealerships, even if the dealers offset some of those costs of shipping, etc. The company probably employs or contracts out tons of drivers and trucks to get cars to dealerships in BFE. If Chrysler passed on the real costs associated with delivering these vehicles, the dealerships would have been out of business a long time ago.
-------------------------------------------------------
> Cut the Bitches Wrote:
> --------------------------------------------------
> -----
> > Junes Wrote:
> >
> --------------------------------------------------
>
> > -----
> > > Local dealerships received their "lay off"
> > letter
> > > from Chrysler, with further instructions as
> to
> > > stock liquidation and service contracts to be
> > > provide in mid June.
> > >
> > >
> >
> > Good riddance. There are too many American car
> > dealerships. The Big Three inherited all these
> mom
> > & pop outfits over the decades as they acquired
> > brands. This culling is about four decades
> > overdue.
>
>
>
>
> How is the national company helped if there is no
> real financial dependance and the local dealers
> are independently fiananced?
In the case of GM, they are cutting brands, so it will be less expense sticking Pontiac and Saturn features on a Chevy to pacify those dealerships. As for Chrysler, I imagine there are still heavy costs associated with servicing these dealerships, even if the dealers offset some of those costs of shipping, etc. The company probably employs or contracts out tons of drivers and trucks to get cars to dealerships in BFE. If Chrysler passed on the real costs associated with delivering these vehicles, the dealerships would have been out of business a long time ago.
Re: 17 Chrysler Dealerships to close in the area
Posted by:
dealer guy
()
Date: May 16, 2009 10:43AM
Tubby has it right. The franchise protections in the Commonwealth of Virginia are among the strongest in the nation. GM has to clear very high statutory hurdles to demonstrate cause for not renewing a dealers Sales and Service Agreement. That said, the real importance of these notices that GM sent is that it likely identifies tha dealers that it will target once they are in bankruptcy. Once there, GM is no longer bound by its' contracts with dealers, and dealers are no longer afforded protection under state laws. This is what happened to those 17 Chrysler branded dealers in our area. These are dark days in our industry. But it all has been a long time coming. There are way too many domestic dealers in this and most metropolitan areas.
Re: 17 Chrysler Dealerships to close in the area
Posted by:
GMU Hokie
()
Date: May 18, 2009 01:50PM
Moore?? Wrote:
-------------------------------------------------------
> I wonder if the Moore Cadillac/Hummer on route 50
> will get the boot... right now they're building a
> nice brick perimeter around the lake in front of
> the buildings
Probably not.
Moore Cadillac is in very good shape financially.
Jack sold the property on Rte Seven for a nice chunk of change.
-------------------------------------------------------
> I wonder if the Moore Cadillac/Hummer on route 50
> will get the boot... right now they're building a
> nice brick perimeter around the lake in front of
> the buildings
Probably not.
Moore Cadillac is in very good shape financially.
Jack sold the property on Rte Seven for a nice chunk of change.
Re: 17 Chrysler Dealerships to close in the area
Posted by:
WashingTone Locian
()
Date: May 18, 2009 02:04PM
dealer guy Wrote:
-------------------------------------------------------
> Tubby has it right. The franchise protections in
> the Commonwealth of Virginia are among the
> strongest in the nation. GM has to clear very high
> statutory hurdles to demonstrate cause for not
> renewing a dealers Sales and Service Agreement.
> That said, the real importance of these notices
> that GM sent is that it likely identifies tha
> dealers that it will target once they are in
> bankruptcy. Once there, GM is no longer bound by
> its' contracts with dealers, and dealers are no
> longer afforded protection under state laws. This
> is what happened to those 17 Chrysler branded
> dealers in our area. These are dark days in our
> industry. But it all has been a long time coming.
> There are way too many domestic dealers in this
> and most metropolitan areas.
GM is probably figuring these dealerships don't have the money to fight them in court. If they manage to get some momentum, GM can drop back into Chapter 11 and fuck them over a second time.
-------------------------------------------------------
> Tubby has it right. The franchise protections in
> the Commonwealth of Virginia are among the
> strongest in the nation. GM has to clear very high
> statutory hurdles to demonstrate cause for not
> renewing a dealers Sales and Service Agreement.
> That said, the real importance of these notices
> that GM sent is that it likely identifies tha
> dealers that it will target once they are in
> bankruptcy. Once there, GM is no longer bound by
> its' contracts with dealers, and dealers are no
> longer afforded protection under state laws. This
> is what happened to those 17 Chrysler branded
> dealers in our area. These are dark days in our
> industry. But it all has been a long time coming.
> There are way too many domestic dealers in this
> and most metropolitan areas.
GM is probably figuring these dealerships don't have the money to fight them in court. If they manage to get some momentum, GM can drop back into Chapter 11 and fuck them over a second time.
Re: 17 Chrysler Dealerships to close in the area
Posted by:
formerhick76
()
Date: May 22, 2009 11:51AM
tubby Wrote:
-------------------------------------------------------
> The way Obama fucked the GM and Chrysler
> bondholders is nothing short of criminal. What
> sane person would invest in corporate bonds after
> seeing that?
I wonder who the bondholders thought was going to buy GM and Chrysler's assets if they were allowed to be liquidated.
-------------------------------------------------------
> The way Obama fucked the GM and Chrysler
> bondholders is nothing short of criminal. What
> sane person would invest in corporate bonds after
> seeing that?
I wonder who the bondholders thought was going to buy GM and Chrysler's assets if they were allowed to be liquidated.