Texas Car Reviews

30 days to get the best deal on a Dodge starts NOW!

Posted on 31. Mar, 2009 by TJ Houghton in Dodge, Dodge Cars, Dodge SUVs, Dodge Trucks, Dodge Vans, Toyota Stuff

The United States Government is backing Chrysler for thirty additional days. Chysler does not have enough money to operated as a viable company. That means the rebates and incentives Dodge if offering now are yours, the tax payer’s money. As I see it, because of government funding in conjunction with Chrysler’s livelihood hanging in the balance, this will be the highest the rebates will ever be. This will be the best and may be your only chance to buy a Dodge at the absolute lowest price for some time to come. Even better, you can purchase knowing that Dodge’s lifetime warranty will be back by the full power of the United States Government.

This video is from the White House press conference dated 3/30/09:

President Obama on Stabilizing the Auto Industry from White House on Vimeo.

Excerpts:

In addition to releasing the viability assessments, President Obama also released a new policy with the American government guaranteeing warranties for cars from those companies to ensure that if you have one it “will be safer than it’s ever been”

President Obama also explained the differences underlying his prescription for Chrysler:

The situation at Chrysler is more challenging. It’s with deep reluctance but also a clear-eyed recognition of the facts that we’ve determined, after careful review, that Chrysler needs a partner to remain viable. Recently, Chrysler reached out and found what could be a potential partner — the international car company Fiat, where the current management team has executed an impressive turnaround. Fiat is prepared to transfer its cutting-edge technology to Chrysler and, after working closely with my team, has committed to build — building new fuel-efficient cars and engines right here in the United States. We’ve also secured an agreement that will ensure that Chrysler repays taxpayers for any new investments that are made before Fiat is allowed to take a majority ownership stake in Chrysler.

Still, such a deal would require an additional investment of taxpayer dollars, and there are a number of hurdles that must be overcome to make it work. I’m committed to doing all I can to see if a deal can be struck in a way that upholds the interests of American taxpayers. And that’s why we’ll give Chrysler and Fiat 30 days to overcome these hurdles and reach a final agreement — and we will provide Chrysler with adequate capital to continue operating during that time. If they are able to come to a sound agreement that protects American taxpayers, we will consider lending up to $6 billion to help their plan succeed. But if they and their stakeholders are unable to reach such an agreement, and in the absence of any other viable partnership, we will not be able to justify investing additional tax dollars to keep Chrysler in business.