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Chrysler was hiding $35 million bid for Viper in court

omarrana submitted on 6/5/2009 Official Bell & Ross Timestamp: 10:05:34 AM

15 user comments | Category: Misc News | Source: | SOURCE: www.egmcartech.com

Tag Links: Viper, Chrysler

Last month when Chrysler listed most of its $2 billion assets in bankruptcy court, the Auburn Hills automaker said that it didn’t have any firm offers for its Viper brand, which was put up for sale last August.

The only offer that Chrysler listed was a $5.5 billion bid by Devon Motors Works.

Now there is a new twist to the Viper story. A California congressman asked former CEO Bob Nardelli to disclose information on a $35 million bid for Viper. He said that the offer hand been hidden from Chrysler’s bankruptcy filing.

In a letter to Bob Nardelli, Rep. Darrell Issa, Calif. said that the lack of disclosure about the information on the bid suggests that Chrysler’s bankruptcy was mishandled. He said that Chrysler must provide proof that Fiat SpA was not trying to...

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Chrysler was hiding $35 million bid for Viper in court

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omarrana

I hooked up my accelerator to my brake lights. I hit the gas, people behind me stop, and I'm gone.

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User Comments

Hantra

This just in. . . Viper is a rival to Ferrari? Umm. . . not on this planet.

— Hantra (View Profile)

Posted on 6/5/2009 11:39:17 AM | reply to this comment | Votes: 4   

dumpsty

Hidden bid of $35m for Viper? Does that seem like a fair price? Don't think so. Chrysler probably laughed, then actively forgot about the bid b/c of its humorous nature.

When a potential buyer wants to buy rights to a model in the attempt to cultivate an entire brand, their offer of $35m should be considered peanuts in comparison to the actual value of the asset.

— dumpsty (View Profile)

Posted on 6/5/2009 12:57:54 PM | reply to this comment | Votes: 1   

veyron1001

1UAW they couldnt make that much money from the profits of the cars they were selling.

— veyron1001 (View Profile)

Posted on 6/5/2009 4:10:13 PM | | Votes: -2   

upwards

Do not under estimate the amount of profits just from licence agreements on things like Video games T-shirts cups pens wallets toys etc, etc, its big money just to use your name.

— upwards (View Profile)

Posted on 6/6/2009 1:25:51 AM | | Votes: 3   

BSBB

Was the $35MM a "firm" bid or just a bid? If there was no substance behind that bid, then Chrysler can just disregard it.

— BSBB (View Profile)

Posted on 6/5/2009 1:12:46 PM | reply to this comment | Votes: 7   

bfghemicuda

The Viper division is being keps as part of Chrysler Group llc. And Hantra is right The viper and Ferrari are to distinct cars both fast and perform well but very different.

— bfghemicuda (View Profile)

Posted on 6/5/2009 11:46:38 PM | | Votes: 2   

theman440

Hey veyron - do you own one ?

— theman440 (View Profile)

Posted on 6/6/2009 1:34:31 AM | reply to this comment | Votes: 3   

Inline6

A lot of non-informed idiots posted in that link...Say Ferrari could care less about Ring times, blah , blah, and Viper and is no Ferrari rival...Yeah, when they are part of the same company, Viper will be taking sales away from Ferrari. For every Viper sold, is money that could go in Ferrari's pocket. Also, Ferarri, according to one guy, "is passion, aura, soul", same thing a Viper enthusiast could say, except, they might just use the classic line "Mine's Bigger.."

— Inline6 (View Profile)

Posted on 6/7/2009 5:46:33 PM | reply to this comment | Votes: 1   

bfghemicuda

Whatthe. The only reason the Z06 ans ZR1 exists is because of the Viper. Viper has cleaned Vetts clock since its conception. Corvette has done all it can just to play "catch up" In fact SCCA Has factored the viper to the hilt so the vetts could win again. Laugh all u want the Viper is one wicked machine. I very much like Ferraris and respect them highly and as I said they are two DIFFERENT vehicles although the ACR Viper clocked a better time at nuremberg. Seems to me You are the one not paying attention.

— bfghemicuda (View Profile)

Posted on 6/9/2009 4:04:27 PM | reply to this comment | Votes: 2   

bfghemicuda

Sorry Thats Nurburgring

— bfghemicuda (View Profile)

Posted on 6/9/2009 4:14:38 PM | reply to this comment | Votes: 2   

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