Car Chat General discussion about Lexus, other auto manufacturers and automotive news.

Chrysler "repossessing" Lee Iacocca's company cars

Thread Tools
 
Search this Thread
 
Old 05-21-09 | 10:38 PM
  #1  
LexFather
Guest
 
Posts: n/a
Post Chrysler "repossessing" Lee Iacocca's company cars

One of the perks of being an ex-Chrysler Exec was company cars for life. Not any more. Oh, the cruel irony of repo'ing cars from Lee Iacocca, the person responsible for saving Chrysler from bankruptcy, because of bankruptcy.

In a letter obtained by Fox Business Network, the Chrysler HR division tells execs they can either turn the vehicles back in or purchase them at fair value. This means Iacocca has the choice of either turning back in both the Chrysler Town & Country and the 300C he's driving around in, or buying them both (thus doubling Chrysler's projected sales for the month). The letter ends by noting the "many contributions you have made to Chrysler" but says it's a necessary move.

Old 05-21-09 | 10:54 PM
  #2  
I8ABMR's Avatar
I8ABMR
Lexus Fanatic
 
Joined: Sep 2007
Posts: 22,608
Likes: 102
From: Waiting for next track day
Default

I bet he never thought this would happen when he was taking care of things. I feel bad for the guy, but not that bad. He can afford to pay for his own cars.... and nicer cars for that matter
Old 05-21-09 | 10:55 PM
  #3  
felixsc300's Avatar
felixsc300
Lexus Test Driver
iTrader: (5)
 
Joined: Sep 2007
Posts: 1,534
Likes: 3
From: NorCal
Default

I think he should give them back and have Snoop D-oh-double-g buy him an Odyssey and Accord.
Old 05-21-09 | 11:17 PM
  #4  
I8ABMR's Avatar
I8ABMR
Lexus Fanatic
 
Joined: Sep 2007
Posts: 22,608
Likes: 102
From: Waiting for next track day
Default

I think its hilarious that they actually sent him, of all people that letter . They have no money and no shame
Old 05-22-09 | 01:18 AM
  #5  
nabbun's Avatar
nabbun
Lexus Champion
 
Joined: Apr 2007
Posts: 3,718
Likes: 0
From: NJ
Default

oh the irony lol
Old 05-22-09 | 09:39 AM
  #6  
IS-SV's Avatar
IS-SV
Lexus Fanatic
 
Joined: Nov 2008
Posts: 14,100
Likes: 1
From: tech capital
Default

Disposable cars anyway.
Old 05-22-09 | 09:40 AM
  #7  
IS-SV's Avatar
IS-SV
Lexus Fanatic
 
Joined: Nov 2008
Posts: 14,100
Likes: 1
From: tech capital
Default

Snoop will give him one of his Snoop-de-villes.
Old 05-22-09 | 11:00 AM
  #8  
LexFather
Guest
 
Posts: n/a
Default

Its sad b/c here is a guy that took Chrsyler from the brink in the 1970s and turned them around. He did get a govt loan and paid it back 7/8 years EARLY!!! Let the man keep a 300C and Van, its not breaking your company and he deserves it, unlike most of the failing upwards leaders/management they have had for decades.
Old 05-22-09 | 03:31 PM
  #9  
mmarshall's Avatar
mmarshall
Lexus Fanatic
 
Joined: Oct 2003
Posts: 91,715
Likes: 89
From: Virginia/D.C. suburbs
Default

Pretty soon he'll be driving a Fiat.

Old 05-22-09 | 03:32 PM
  #10  
mmarshall's Avatar
mmarshall
Lexus Fanatic
 
Joined: Oct 2003
Posts: 91,715
Likes: 89
From: Virginia/D.C. suburbs
Default

Originally Posted by IS-SV
Disposable cars anyway.
I pretty much have to agree.
Old 05-22-09 | 04:36 PM
  #11  
mallik727's Avatar
mallik727
Driver School Candidate
 
Joined: May 2009
Posts: 32
Likes: 0
From: MI
Default

That satin red looks nice on that Fiat.

And is there any point to collecting their cars back. They won't get much money for them so why not let their users enjoy them??
Old 05-22-09 | 06:39 PM
  #12  
Och's Avatar
Och
Lexus Champion
iTrader: (3)
 
Joined: Feb 2003
Posts: 16,436
Likes: 14
From: NY
Default

Originally Posted by mallik727
That satin red looks nice on that Fiat.
Except its not satin. Fiats are such POS that even their gloss paint look satin.
Old 05-22-09 | 06:45 PM
  #13  
mex lex's Avatar
mex lex
Lexus Champion
iTrader: (4)
 
Joined: Dec 2006
Posts: 3,214
Likes: 2
From: Kyoei USA
Default

Originally Posted by Och
Except its not satin. Fiats are such POS that even their gloss paint look satin.
How does it go? FIAT=Fix It Again Tony
Old 05-22-09 | 06:49 PM
  #14  
SoCalSC4's Avatar
SoCalSC4
Lexus Champion
 
Joined: Feb 2002
Posts: 4,466
Likes: 13
From: Cali
Default

Originally Posted by Och
Except its not satin. Fiats are such POS that even their gloss paint look satin.
Shows your ignorance of this Italian brand.

Actually, Fiats over the last 20 years have become reliable, stylish, and fun
and Fiat itself has become profitable in the process.

The same can't be said for the "big three..."

The paint looks dull due to either the photo or a PhotoShop job.
I will rock a Fiat 500 Abarth if they ever come to the US.

The European Car of the Year award, Europe's premier automotive trophy for the past 40 years, has been awarded twelve times to the Fiat Group, more than any other manufacturer. Most recently the Fiat Nuova 500 has won the award for European Car of the Year 2008.
The Mini Cooper looks like a dishwasher by comparison!

Last edited by SoCalSC4; 05-22-09 at 06:52 PM.
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
Chariotz
Car Chat
1
04-01-15 12:21 PM
Gojirra99
Car Chat
4
12-14-07 01:56 PM
LexusChris
Car Chat
11
05-19-05 08:30 AM




All times are GMT -7. The time now is 08:17 AM.