Is Chrysler Heading Towards Bankruptcy?

Chrysler has recently been brushing off rumors that the struggling automaker is on the verge of bankruptcy. Recently, the automaker accepted a loan of $2 billion to be used for improving the automaker’s current model lineup which is in need of revamping according to Used Cars Lamesa TX customers, but some expect that the money was to save the company from filing bankruptcy.

Although Chrysler has denied the rumors, the automaker has needed to issue a statement to deflect the fervor. The statement said that the statement has no merit and is completely false, implying that Chrysler’s financial standing is on stable ground.

Many of the Chrysler bankruptcy rumors have reportedly originated in Europe, and were spawned primarily by the $2 billion loan that Chrysler’s owner, Cerberus Capital Management and Daimler AG has taken out.

Cerberus currently holds an 80 percent stake in Chrysler. Despite its sale from Daimler AG, the German automaker still holds a minority stake in the company, and has provided about $1.5 billion of the total loan amount to help Chrysler.

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San Diego Corvette Using Advertising

For some reason, car dealers are significantly underutilizing online video. With so many users uploading and watching videos at any given moment, it seems like a no-brainer tactic that domestic car dealers should be eager to implement.

An example of a Chevrolet dealer taking advantage of such an outlet is San Diego Corvette, who has leveraged the power of YouTube to promote one of the dealer's advertisements.



Best of all, the ad isn't showing the same Chevrolet vehicles over and over again, with the same salesy gimmicks. It's simple and it's humorous, which makes for a great television commercial and an even better online video.

Avoiding the gimmicks is the name of the game these days for dealers such as Bob Watson Chevrolet, where their no-nonsense way to advertising has appealed to potential customers.

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More insights into Chevy dealer marketing shortly.

Dodge Viper No More

Dodge reportedly doesn’t have any plans to produce the beloved Viper beyond the 2009 model years. Although the Dodge Viper was a popular vehicle following it 1996 debut, the struggling American automaker is does not have many excited models coming out in the very near future, not even among the current higher sellers such as the Chrysler 300.

The Dodge Viper is not for everyone. It lacks the smoother or more luxurious amenities found in similarly prices options such as the Porsche 911. With prices beginning at $89,000, the Dodge Viper is not for everyone. The coupe and roaster versions feature a truck-derived ten cylinder engine that propels the car at breakneck speeds.

Despite its lack of finesse, the Dodge Viper developed a very loyal customer base. Viper owners have eagerly participated in Viper evens and shows across the country and established very active fan clubs.

With the demise of the Dodge Viper, perhaps more buyers will find themselves looking at the Chevrolet Corvette, another powerful domestic sports car. Corvette San Diego dealers say that the Vette's appeal has stayed constant thanks to fesh design and better overall value.

For those who want to own new Dodge Viper, it would be wise to head to the nearest Dodge dealer now. At this point there is no word on a new model past 2009, and with Chrysler’s current financial struggles, the Viper most likely be a low priority for an update.

Fans of domestic sports cars may still find light at the end of the tunnel as options still include the Ford Mustang and other muscle cars that will soon be on the market. But the Chevrolet Corvette may be the most appealing choice for blunt speed.

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