1937 Chrysler Royal 4 Door Sedan Project Car on 2040-cars
Dowagiac, Michigan, United States
I have a 1937 Chrysler Royal for sale. It is a 4 door sedan with Suicide doors. I have been going to car show for 25 years and seen the 1936 and 1938 but not this year. The car is all steel with a solid body. The trunk pan was bad so I replaced that. The car is about 60% complete. It has a Chevy 350 with a 350 Transmission. The gauges are new so it shows zero miles. Don't know how many miles are on the motor. The rear end is Camaro and the front end is Mustang 2 with a new rack. I have both seats for the car and they are a grey suede type of material. I have the old headliner and door panels to be used as a pattern for new ones. I have most if not all the parts as far as trim and stainless. The car was apart when I bought it. The previous owner had done the rear end and front end but all of the parts were in boxes and inside the car and I haven't gone through all of the parts. It has new disc brakes on the front and drum brakes on the rear. The car has been sitting for about 10 years since I put in the motor and tranny. The front seal leaks on the tranny and I think it has a stuck valve from sitting. The body is excellent and would make a very nice street rod. The gas tank, TPI gauges and EZ wiring harness are all new. The gauges and motor are wired. The glass is all good in the car except for one back quarter window. I don't have the title for the car. I bought this car to make a street rod for my grandson but I now have a bad heart and can't complete the car. This would make a great and rare street rod for someone. If you have any questions call Jim at 269 350 7879. Car sold AS IS with no returns. Buyer will pay for shipping. |
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Chrysler purchases remaining shares from VEBA Trust, announces funding plan
Thu, 23 Jan 2014It's official: The Detroit Three is now The Detroit Two and The Fiat Subsidiary, Chrysler. Both the Italian carmaker and The Pentastar announced the completion of cash payments and a Memorandum of Understanding (MOU) on future payments necessary to make the Chrysler Group a wholly-owned subsidiary of Fiat. As previously detailed, Chrysler made a cash payment of $1.9 billion and Fiat North America made a cash payment of $1.75 billion to the Voluntary Employment Benefit Association (VEBA) run by the United Auto Workers union.
On top of that, Chrysler Group signed an MOU that agrees to payments of $700 million to the VEBA in four installments, the first of which was made concurrently with the other cash payments. And for you trivia mavens, the full name of the UAW is the International Union, United Automobile, Aerospace and Agricultural Implement Workers of America. So go impress your loved ones with that nugget after you check out the press release below.
Fiat To Pay $3.65 Billion For Remaining Chrysler Shares
Thu, Jan 2 2014Italian automaker Fiat SpA announced Wednesday that it reached an agreement to acquire the remaining shares of Chrysler for $3.65 billion in payments to a union-controlled trust fund. Fiat already owns 58.5 percent of Chrysler's shares, with the remaining 41.5 percent held by a United Auto Workers union trust fund that pays health care bills for retirees. Under the deal, Fiat will make an initial payment of $1.9 billion to the fund, plus an additional $1.75 billion upon closing the deal. Chrysler will also make additional payments totaling $700 million to the fund as part of an agreement with the UAW. The deal is expected to close on or before Jan. 20, according to a statement from Chrysler. Sergio Marchionne, CEO of both Fiat and Chrysler, has long sought to acquire the union's shares in order to combine the two companies. "The unified ownership structure will now allow us to fully execute our vision of creating a global automaker that is truly unique in terms of mix of experience, perspective and know-how, a solid and open organization," Marchionne said in a statement issued by Turin, Italy-based Fiat. The deal eliminates the need for an initial public offering of the union fund's stake, which analysts had previously valued at $5.6 billion. Fiat went to court last year seeking a judgment on the price, but the trial date was set for next September. Marchionne can't spend Chrysler's cash on Fiat's operations unless the companies merge. In recent months he made it clear that he preferred to settle the dispute without an IPO, but filed the paperwork for the offering in September at the trust's request. Chrysler's profits have helped prop up Fiat on the balance sheet as the Italian automaker struggles in a down European market. The Auburn Hills, Mich., automaker earned $464 million in the third quarter on U.S. sales of the Ram pickup and Jeep Grand Cherokee, its ninth-straight profitable quarter. The results boosted Fiat, which earned $260 million in the quarter. Without Chrysler's contribution, Fiat would have lost $340 million. UAW/Unions Chrysler Fiat
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