Find or Sell Used Cars, Trucks, and SUVs in USA

Stow&go Nav Sunroof Dual-dvd Xenons Heated Seats Xenons Rearcam Uconnect Pwrdoor on 2040-cars

US $11,980.00
Year:2008 Mileage:95600 Color: Black /
 White
Location:

Houston, Texas, United States

Houston, Texas, United States
For Sale By:Dealer
Engine:V6 4L SOHC
Fuel Type:GAS
Transmission:Automatic
Body Type:Van
Vehicle Title:Clear
Condition:

Used

VIN (Vehicle Identification Number)
: 2A8HR64X68R805613
Year: 2008
Make: Chrysler
Doors: 4
Model: Town & Country
Fuel: Gasoline
Drivetrain: FWD
Mileage: 95,600
Trim: Limited Mini Passenger Van 4-Door
Sub Model: Limited 4.0L
Drive Type: FWD
Exterior Color: Black
Number of Cylinders: 6
Interior Color: White
Warranty: No

2008 Chrysler Town & Country Limited 4.0L 4-Door Van
Exterior Color:     Brilliant Black Crystal Pearl Interior Color:     Cream Stock Number:805613
Mileage:95,600 Engine:V6 4L SOHC Fuel:Gasoline
Transmission:Automatic Warranty:As Is - No Warranty Title:Clear
VIN:2A8HR64X68R805613 AutoCheck:FREE AutoCheck Vehicle Report
2008 Chrysler Town & Country Limited 4.0L - Photo 1 - Houston, TX 77031
2008 CHRYSLER TOWN AND COUNTRY LIMITED!
FREE AutoCheck Report
87 69 - 82
Vehicle Description
Ultimate Motorsport Presents
 
2008 Chrysler Town & Country
Limited 4.0L
 
NAVIGATION ! SUNROOF ! LEATHER !  ALLOYS ! XENONS ! WOOD ! PDC !
PREMIUM SOUND SYSTEM ! 
COLD WEATHER PACKAGE !
7 PASSENGER 3ROW SEATING ! 
REAR CAMERA ! POWER SLIDING DOORS !
DUAL DVD ENTERTAINMENT SYSTEMS
 
 
CLEAN LOADED CHRYSLER TOWN & COUNTRY LIMITED 4.0L  
 

CLEAN AUTOCHECK NO ACCIDENTS
CLICK ON AUTOCHECK LOGO ABOVE FOR FREE FULL REPORT ! 
 
ADD A 3 MONTH 3,000 MILE WARRANTY
FOR ONLY $ 295
ASK US FOR DETAILS ON A 4 YEAR UNLIMITED MILES NATION WIDE WARRANTY !!
 
PEACE OF MIND ! BUY WITH CONFIDENCE !!
 
60+ PICTURES BELOW AFTER DESCRIPTION
 
THIS CAR IS LOADED WITH THESE OPTIONS:
NAVIGATION WITH VOICE COMMAND
SUNROOF WITH POWER SLIDING GLASS
XENON HEADLIGHTS 
TELESCOPING STEERING WHEEL WITH CONTROLS
CRUISE CONTROL
DUAL ZONE AC AND HEAT
ALARM SYSTEM WITH KEYLESS ENTRY
FULL LEATHER AND WOOD  TRIM INTERIOR
HOMELINK
TINTED WINDOWS 
REAR VIEW CAMERA WITH PARK DISTANCE CONTROL
REMOTE START 
POWER SLIDING DOORS
POWER LIFT GATE
POWER HEATED LEATHER SEATS WITH MEMORY AND LUMBAR
PREMIUM SOUND SYSTEM WITH CD CHANGER AM FM SAT RADIO WITH UCONNECT
POWER WINDOWS AND MIRRORS
FOG LIGHTS
TRACTION CONTROL 
PREMIUM CHROME ALLOY 17”  WHEELS
7 PASSENGER 3 ROW SEATING WITH POWER FOLD 
REAR SPOILER 
ROOF RACK
TOW PACKAGE
DUAL DVD ENTERTAINMENT SYSTEM WITH 2ND AND 3RD ROW SCREENS
 
 
MUCH MUCH MORE SEE IT TO BELIEVE IT !!!
 
Beautiful BRILLIANT BLACK CRYSTAL PEARL COAT on
TAN LEATHER WITH FULL WOOD TRIM  Interior!!
 
Low Buy It NOW or Make us an Offer NOW!!

100% Positive Feedback
OWN THIS BEAUTY at a Fraction of the 
Original $ 37,000 Price!!!
COMPARE AT 
KELLY BLUE BOOK $ 16,929
NADA RETAIL $ 14,850
OUR BUY IT NOW $ 11,980
WOW ! WHAT A DEAL  !!!
 
 
WONT LAST LONG AT THIS PRICE !!! CALL US TODAY AT
281-506-8808

If You are Looking for a CHRYSLER TOWN & COUNTRY LIMITED 4.0L with all the options with LOW MILES, You Don't Have to Look any Further!!!
DON'T SLEEP ON THIS ONE!

NOTE: JUST LIKE ANY USED VEHICLE FEW VERY MINOR NICK NACKS DUE TO NORMAL WEAR AND TEAR AND ROAD DEBRIS.
REMEMBER: YOU ARE BUYING A TOP LOADED USED VEHICLE IN CLEAN CONDITION NOT A BRAND NEW ONE!

Bid with Excitement & Confidence!!!
Only at ULTIMATE MOTORSPORT !!
Good Luck & Happy Bidding!!!
FOR ANY QUESTIONS FEEL FREE TO CALL US AT 
281-506-8808 

So, If you are in the market for a LATE MODEL, VERY AFFORDABLE CHRYSLER TOWN & COUNTRY LIMITED 4.0L, then you owe it to yourself to take a closer look

LOW BUY-IT-NOW or MAKE AN OFFER!!! 
 
WE FINANCE ! APPLY ONLINE FOR AUTO LOANS AS LOW AS 2.99% 

FOR ANY QUESTIONS OR CONCERNS FEEL FREE TO CONTACT @ (281) 506-8808 
or email sales
 
DOOR TO DOOR SHIPPING AVAILABLE ASK FOR A QUOTE !
We Export For Canadian Customers
Email:
sales@ultimatems.com
Call
281-506-8808
Visit
10311 Altonbury Lane
Houston TX 77031
 
Additional Photos
2008 Chrysler Town & Country Limited 4.0L - Photo 2 - Houston, TX 77031
2008 Chrysler Town & Country Limited 4.0L - Photo 3 - Houston, TX 77031
2008 Chrysler Town & Country Limited 4.0L - Photo 4 - Houston, TX 77031
2008 Chrysler Town & Country Limited 4.0L - Photo 5 - Houston, TX 77031
2008 Chrysler Town & Country Limited 4.0L - Photo 6 - Houston, TX 77031
2008 Chrysler Town & Country Limited 4.0L - Photo 7 - Houston, TX 77031
2008 Chrysler Town & Country Limited 4.0L - Photo 8 - Houston, TX 77031
2008 Chrysler Town & Country Limited 4.0L - Photo 9 - Houston, TX 77031
2008 Chrysler Town & Country Limited 4.0L - Photo 10 - Houston, TX 77031
2008 Chrysler Town & Country Limited 4.0L - Photo 11 - Houston, TX 77031
2008 Chrysler Town & Country Limited 4.0L - Photo 12 - Houston, TX 77031
2008 Chrysler Town & Country Limited 4.0L - Photo 13 - Houston, TX 77031
POWER SUNROOF!
2008 Chrysler Town & Country Limited 4.0L - Photo 14 - Houston, TX 77031
FULL LEATHER AND SUEDE INTERIOR!
2008 Chrysler Town & Country Limited 4.0L - Photo 15 - Houston, TX 77031
POWER-TILT STEERING WITH CONTROLS!
2008 Chrysler Town & Country Limited 4.0L - Photo 16 - Houston, TX 77031
2008 Chrysler Town & Country Limited 4.0L - Photo 17 - Houston, TX 77031
2008 Chrysler Town & Country Limited 4.0L - Photo 18 - Houston, TX 77031
2008 Chrysler Town & Country Limited 4.0L - Photo 19 - Houston, TX 77031
FULL WOOD TRIM INTERIOR!
2008 Chrysler Town & Country Limited 4.0L - Photo 20 - Houston, TX 77031
2008 Chrysler Town & Country Limited 4.0L - Photo 21 - Houston, TX 77031
2008 Chrysler Town & Country Limited 4.0L - Photo 22 - Houston, TX 77031
2008 Chrysler Town & Country Limited 4.0L - Photo 23 - Houston, TX 77031
NAVIGATION KEEPS YOU ON TRACK!
2008 Chrysler Town & Country Limited 4.0L - Photo 24 - Houston, TX 77031
BACK-UP CAMERA!
2008 Chrysler Town & Country Limited 4.0L - Photo 25 - Houston, TX 77031
HEATED SEATS!
2008 Chrysler Town & Country Limited 4.0L - Photo 26 - Houston, TX 77031
2008 Chrysler Town & Country Limited 4.0L - Photo 27 - Houston, TX 77031
2008 Chrysler Town & Country Limited 4.0L - Photo 28 - Houston, TX 77031
2008 Chrysler Town & Country Limited 4.0L - Photo 29 - Houston, TX 77031
POWER HEATED SEATS!
2008 Chrysler Town & Country Limited 4.0L - Photo 30 - Houston, TX 77031
2008 Chrysler Town & Country Limited 4.0L - Photo 31 - Houston, TX 77031
2008 Chrysler Town & Country Limited 4.0L - Photo 32 - Houston, TX 77031
SPACIOUS 7 PASSENGER SEATING!
2008 Chrysler Town & Country Limited 4.0L - Photo 33 - Houston, TX 77031
2008 Chrysler Town & Country Limited 4.0L - Photo 34 - Houston, TX 77031
2008 Chrysler Town & Country Limited 4.0L - Photo 35 - Houston, TX 77031
2008 Chrysler Town & Country Limited 4.0L - Photo 36 - Houston, TX 77031
2008 Chrysler Town & Country Limited 4.0L - Photo 37 - Houston, TX 77031
2008 Chrysler Town & Country Limited 4.0L - Photo 38 - Houston, TX 77031
2008 Chrysler Town & Country Limited 4.0L - Photo 39 - Houston, TX 77031
DUAL DVD REAR ENTERTAINMENT SYSTEM!
2008 Chrysler Town & Country Limited 4.0L - Photo 40 - Houston, TX 77031
2008 Chrysler Town & Country Limited 4.0L - Photo 41 - Houston, TX 77031
2008 Chrysler Town & Country Limited 4.0L - Photo 42 - Houston, TX 77031
3RD ROW 7 PASSENGER SEATING!
2008 Chrysler Town & Country Limited 4.0L - Photo 43 - Houston, TX 77031
2008 Chrysler Town & Country Limited 4.0L - Photo 44 - Houston, TX 77031
POWER FOLDING 3RD ROW!
2008 Chrysler Town & Country Limited 4.0L - Photo 45 - Houston, TX 77031
POWER LIFT-GATE!
2008 Chrysler Town & Country Limited 4.0L - Photo 46 - Houston, TX 77031
2008 Chrysler Town & Country Limited 4.0L - Photo 47 - Houston, TX 77031
2008 Chrysler Town & Country Limited 4.0L - Photo 48 - Houston, TX 77031
2008 Chrysler Town & Country Limited 4.0L - Photo 49 - Houston, TX 77031
2008 Chrysler Town & Country Limited 4.0L - Photo 50 - Houston, TX 77031
2008 Chrysler Town & Country Limited 4.0L - Photo 51 - Houston, TX 77031
ORIGINAL OWNERS MANUAL INCLUDED!
2008 Chrysler Town & Country Limited 4.0L - Photo 52 - Houston, TX 77031
Contact Information
Name: Sales Department Main Phone: (281) 506-8808 Alt. Phone: (281) 657-7293
Vehicle Features & Options
Standard Features
Appearance /
  Exterior:
  • Chrome Mirror Color
    Appearance /
      Interior:
    • Chrome Accents
    • Woodgrain Accents
    Comfort:
    • Air Filtration
    • Carpet Floor Mats
    • Front and Rear Floor Mats
    • Dual Front Air Conditioning Zones
    • Automatic Climate Control Front Air Conditioning
    • Single Rear Air Conditioning Zones
    • Automatic Climate Control Rear Air Conditioning
    • Leather Shift Knob Trim
    • Leather Steering Wheel Trim
    Convenience:
    • Power Adjustable Pedals
    • Front Console With Storage
    • Cruise Control
    • Front, Rear and Third Row Cupholders
    • Illuminated Cupholders
    • Front Door Pockets
    • Includes Adjustable Pedals
    • Includes Audio System
    • Includes Driver Seat
    • Includes Exterior Mirrors
    • Keyless Entry Multi-Function Remote
    • 2 Number of Drivers
    • Rear Overhead Console Overhead Console
    • Overhead Console With Storage
    • 12V Rear Power Outlet(s)
    • 12V and 115V Front Power Outlet(s)
    • Power Steering
    • Cargo Area Rechargeable Flashlight
    • Retained Accessory Power
    • Steering Wheel Mounted Audio Controls
    • Steering Wheel Mounted Cruise Control
    • Tilt-Adjustable Steering Wheel
    • Cargo Net
    • Grocery Bag Holder
    • In-Floor
    • Under Seat
    • Garage Door Opener Universal Remote Transmitter
    Drivetrain /
      Suspension:
    • 4-Wheel ABS
    • Braking Assist
    • Front Wheel Drive
    • Electronic Brakeforce Distribution
    • Lower Control Arms Front Arm
    • 11.1 Front Brake Diameter
    • 1.1 Front Brake Width
    • Ventilated Disc Front Brakes
    • Coil Springs Front Spring
    • Independent Front Suspension
    • Macpherson Struts Front Suspension
    • Modified Macpherson Strut Front Suspension
    • 11.4 Rear Brake Diameter
    • 0.5 Rear Brake Width
    • Disc Rear Brakes
    • Leaf Springs Rear Spring
    • Solid Axle Rear Suspension
    • Stability Control
    • Front Stabilizer Bar
    • Traction Control
    Entertainment /
      Telematics:
    • Mast Antenna
    • 6 CD Changer
    • CD-Controller
    • Compass
    • Electroluminescent Instrumentation
    • External Temperature Display
    • In-Dash Hard Drive
    • Single CD/DVD In-Dash CD
    • CD MP3 Playback MP3 Player
    • Multi-Functional Information Center
    • Infinity Premium Brand Speakers
    • AM/FM Radio
    • In Dash Remote CD Changer Location
    • Sirius Satellite Radio
    • Tachometer
    • 9 Total Number of Speakers
    • Trip Computer
    • Low Fuel Level Warnings and Reminders
    • Tire Pressure Warning Warnings and Reminders
    • 506 Watts
    Exterior:
    • Cargo Area Light
    • Exterior Entry Lights
    • Front Fog Lights
    • Auto Delay Off Headlights
    • Dusk Sensing Headlights
    • Front and Rear Reading Lights
    • Power Liftgate Rear Door
    • Dual Power Sliding Side Door
    Rims / Tires:
    • Underbody Spare Tire Mount Location
    • Temporary Spare Tire Size
    • Steel Spare Wheel
    • Tire Pressure Monitoring System
    • All Season Tire
    • Chrome Alloy Wheel
    Roof / Glass:
    • Intermittent Front Wipers
    • 2 One-Touch Windows
    • Power Windows
    • Rear Defogger
    • Power Rear Quarter Windows
    • Intermittent Rear Wiper
    • With Crossbars Roof Rack
    Safety:
    • Remote 2-Stage Unlocking
    • Alarm With Remote Anti-Theft System
    • Engine Immobilizer Anti-Theft System
    • Child Safety Locks
    • Child Seat Anchors
    • Folding Exterior Mirrors
    • Heated Exterior Mirrors
    • Heated Driver Mirror Exterior Mirrors
    • Integrated Turn Signals Exterior Mirrors
    • Power Exterior Mirrors
    • Dual Front Airbags
    • Auto-Dimming Inside Rearview Mirror
    • Dual Front Knee Airbags
    • Rear Parking Sensors
    • Occupant Sensing Passenger Airbag Deactivation
    • Remote Power Door Locks
    • Rear View Camera
    • Rear View Monitor
    • Front, Rear and Third Row Side Curtain Airbags
    • Dual Illuminating Vanity Mirrors
    Seating:
    • Lumbar Driver Seat Manual Adjustments
    • 8 Driver Seat Power Adjustments
    • Height Adjustable Driver Seat
    • Multi-Level Heating Driver Seat
    • 2 Front Headrests
    • Height Adjustable Front Headrests
    • Bucket Front Seats
    • 8 Passenger Seat Power Adjustments
    • Height Adjustable Passenger Seat
    • Multi-Level Heating Passenger Seat
    • 2 Rear Headrests
    • Height Adjustable Rear Headrests
    • Vents Rear Seat Heat
    • Bucket Rear Seat
    • Heated Second Row Rear Seat
    • One-Piece Folding Rear Seat
    • Front Seatbelt Pretensioners
    • 3 Third Row Headrests
    • Folding Third Row Manual Adjustments
    • 40-60 Split Bench Third Row Seat
    • Leather Upholstery

    Installed Options
    Entertainment /
      Telematics:
    • Uconnect Hands-Free Communication
      Roof / Glass:
      • Power Sunroof
        Seating:
        • Power Folding 3Rd Row Seat
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          eBay Motors
          ultimate_motorsport_inc
          Financing Information
          We Finance ! Rates a slow as 2.99% with Approved credit
          Fill out our credit app today by clicking the link above !
          Shipping Information
          WE SHIP AND EXPORT WORLDWIDE
          GREAT LOW NATIONWIDE US SHIPPING RATES !!
          Canadian Customers Welcome
          Email us your zip code for Special Shipping Rates !
          email sales@ultimatems.com
          If Outside US or Canada email us your Port City and Country
          for a quote !
          Dealership Information
          Ultimate Motorsports
          Main Phone:(281) 506-8808
          Alt. Phone:(281) 657-7293
          Email:sales@ultimatems.com
          Business Hours:
          Weekdays:9:00 AM to 7:00 PM
          Saturday:10 TO 5PM
          Sunday:CLOSED
          Location:
          10311 Altonbury Lane
          Houston, TX 77031
          Map of Ultimate Motorsports at 10311 Altonbury Lane, Houston, TX 77031
          Terms of Sale
          Standard Terms & conditions
           

          PLEASE READ CAREFULLY! BY SUBMITTING A BID, MAKING AN OFFER OR CLICKING THE BUY IT NOW YOU ARE AGREEING TO THE FOLLOWING TERMS AND CONDITIONS.

          Fee and Tax Information: All Texas residents will pay 6.25% state sales tax and $ 133 Title Fee. This only applies to Texas Residents ONLY! Out of State customer only pay :

          All sales are subject to Texas V.I.T. tax based at a rate of .002834% of purchase price and $395.00 Processing fee.

          PAYPAL IS FOR DEPOSITS ONLY. WE DO NOT ACCEPT FULL PAYMENTS THOUGH THE PAYPAL.

          FINANCING IS AVAILABLE WITH APPROVED CREDIT (WAC) ONLY ! ALL BUY IT NOW PRICES LISTED ARE FOR CASH BUYERS OR IF CUSTOMERS ARRANGE THEIR OWN FINANCING !!!

          IF YOU CHOOSE TO CLICK THE BUY IT NOW OPTION YOU ARE REQUIRED TO PICK UP THE VEHICLE LOCALLY AND ADDRESS ANY ISSUES BEFORE THE VEHICLE LEAVES THE LOT.

          Please contact SALES@ultimatems.com or 281-657-7293
          Winning bidder must contact us within 24 hours of auction end, and make arrangements for payment at that time. A $500.00 NON REFUNDABLE deposit is due within 24 hours of end of auction. The remainder is due within 7 days of Auction end. If no contact is made within 24 hours we reserve the right to re-list the vehicle, sell it to the next high bidder, or sell it otherwise.  Most banks and credit unions do not finance vehicles older than 2002 or with more than 100K miles. Make sure if financing, your financial institution accepts the year and miles of this vehicle before bidding. Please arrange financing prior to bidding.
          Buyer is responsible for pickup or shipping of this vehicle. If you wish to have it shipped using a service, we will gladly cooperate, you can locate shippers by doing a search for `auto shippers`.
          If you are not sure about something, Please ASK. Do not assume anything not listed is included. We reserve the right to cancel bids for excessive negative feedback. We reserve the right to end the listing if the vehicle is no longer available for sale.
          Please do not bid on this auction unless you are serious about owning this vehicle.  All non-paying high bidders will be reported to Ebay, and negative feedback posted.
          PLEASE ONLY BID WHAT YOU ARE WILLING TO PAY.  IF THE RESERVE IS NOT MET, WE MAY CONTACT THE HIGH BIDDER TO OFFER THE SECOND CHANCE OPTION.
          By placing a bid on this vehicle you are entering into a legal and binding contract to purchase the above-described vehicle. We reserve the right to cancel all existing bids and end the auction early should the item no longer be available for sale.
          By bidding and buying this auction, you enter a contract that you have read and understood all the terms and conditions of this auction. 
          We reserve the rights to sell the car outside the ebay auctions. We reserve the right to end the auction anytime. We reserve the right to cancel any bid from any bidder. 
          This vehicle is being sold as is, where it is with no warranty, expressed written or implied. In either case, The seller shall not be responsible for the correct description, authenticity, genuineness, or defects herein, and makes no warranty in connection therewith. No allowance or set aside will be made on account of any incorrectness, imperfection, defect or damage. Any descriptions or representations are for identification purposes only and are not to be construed as a warranty of any type. It is the responsibility of the buyer to have thoroughly inspected the vehicle, and to have satisfied himself or herself as to the condition and value and to bid based upon that judgment solely. The seller shall and will make reasonable effort to disclose any known defects associated with this vehicle at the buyer's request prior to the close of sale. Seller assumes no responsibility for any repairs regardless of any oral statements about the vehicle.
          Please understand that the vehicles are Pre-Owned vehicles and at times, the vehicles may come without accessories such as extra keys, cd magazines, navigation discs, floormats, tools, and owner's manuals. Please call for the exact accessories included for the vehicle. 
          Buyer's are responsible for shipping costs.
          All bidders should have all questions answered and loans pre-approved before bidding. Please note that Non paying buyers would be handled by our attorney. Remember buying a car on eBay is legal binding contract.

          All vehicles are sold "AS IS". This is in full accordance with the laws of the State of TEXAS regarding motor vehicle sales. You the buyer/bidder must have a complete understanding that this vehicle is used and we do not know the complete history of this vehicle. We are presenting this vehicle to the best of our knowledge. The accuracy of our description is based on any and all information that we were able to obtain concerning this vehicle either by records, previous owners statements, or other statements if any made by the persons who sold or traded in this vehicle. We ULTIMATE MOTORSPORT Inc or any of its employees or agents will not be held responsible. All buyers are responsible for having an independent inspection completed on their vehicle of inetrest prior to sale or close of auction. You are welcome to fly in or schedule a inspection with several companies in Houston area to have a car professionally inspected.

          WE ARE NOT RESPONSIBLE FOR ANY REPAIRS OR INSPECTIONS PRIOR OR AFTER THE SALE OF AN AUTOMOBILE. ALL VEHICLES SOLD AS IS WHERE IS !!

          WE WELCOME INSPECTIONS BUT PLEASE DO INSPECTIONS BEFORE THE SALE IS CONFIRMED ! 

          This Agreement will be governed the laws of the State of Texas (without regard to principals of conflict of laws). Any claims arising out of or related to this Agreement or the Goods shall be brought exclusively in Harris County, Texas. Bidder submits to the jurisdiction of all such courts. BIDDER AND SELLER HEREBY WAIVE ANY RIGHT TO TRIAL BY JURY IN ANY ACTION TO ENFORCE, DEFEND, CONSTRUE OR OTHERWISE CONCERNING THIS AGREEMENT OR THE GOODS. If it is necessary for bidder to commence litigation to enforce any portion of this Agreement, Seller will be entitled to recover from Bidder its reasonable attorneys’ fees and costs, including the reasonable fees of in-house counsel.

          Auction Views:  

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          Chrysler museum to open one last time on June 8

          Thu, 18 Apr 2013

          Due to a lack of funding, Chrysler closed the doors to its Walter P. Chrysler Museum in Auburn Hills, MI back in December, but it sounds like the facility will be open next month for one last hurrah. According to a report in the Detroit Free Press, the Chrysler Museum will be open to the public one last time on June 8 for the annual Chrysler Employee Motorsport Association car show.
          While the car show will take place in the museum's parking lot from 9:00 AM until 4:00 PM on June 8 with a theme dedicated to muscle cars past and present, all attendees will be able to be among the last people to tour the museum - with free admission. The museum is known for housing some of the more important production and concept cars from Chrysler's history. Check out the car show's flyer for more information.

          UAW may be key to forced FCA merger with GM

          Wed, Jul 29 2015

          Sergio Marchionne doesn't give up on a business deal easily. While outwardly not much has recently been said about FCA's attempted merger with General Motors, Marchionne might be hoping to garner a powerful, new ally that could help break things wide open. The United Auto Workers retiree health care trust is the single largest shareholder of GM with 8.7 percent of the stock, and having its support would certainly improve FCA's position in getting a deal done. "Whatever happens in terms of consolidation, it would never be done without the consent and support of the UAW," Marchionne said when FCA recently began contract talks with the UAW, The Detroit News reports. The boss is also allegedly on good terms with the union president Dennis Williams. Still, using the organization for a hostile takeover could be very difficult because of the way its votes are structured. Other activist investors might already be on board, though. Marchionne believes that consolidation in the industry is vital because automakers are investing to create the same technologies. A GM/FCA merger still has many roadblocks, though, including the fact that Marchionne's company is smaller than GM. From a regulatory perspective, the size of the merged company could raise serious anti-trust concerns among regulators, according to The Detroit News. There's also the concern for lost jobs from redundant work with the two combined businesses. Even if the UAW angle doesn't work out, there are contingency plans afoot for other merger targets. According to The Detroit News speaking to anonymous insiders, FCA bigwigs have a meeting in London on Thursday to take a close look at other options. In addition to GM, they are investigating possible deals with Volkswagen and the Renault-Nissan Alliance. In the past, PSA Peugeot Citroen and multiple Asian automakers have also been brought up as partners, and UBS has reportedly been providing financial advice on what to do.

          Fiat Chrysler Australia executive in trouble over misuse of company funds

          Tue, Jun 9 2015

          While the merger to create FCA was coming together, its managing director for Australia, Clyde Campbell, was allegedly racking up 30 million Australian dollars ($23.1 million) in spending for himself, family, and friends. Now, the former boss is facing a court case from the automaker's legal team for the purported misappropriation. Among the more opulent expenses that Campbell allegedly put on Chrysler's tab included a 40-foot yacht worth the equivalent of $308,000 and lavish Christmas parties for workers, according to The Age. Despite being required to only travel in economy class and get permission for international travel, he also reportedly racked up the equivalent of over $413,000 travel expenses. "The more we dug, the more we found," said an unnamed source to The Age. Campbell came to power in Australia as a general manager for DaimlerChrysler, and became managing director in October 2010. He was reportedly a close friend with former Mercedes-Benz USA CEO Ernst Lieb. After Lieb lost his wrongful dismissal lawsuit, Campbell allegedly helped his friend's partnership in an Aussie auto dealer by using FCA funds for financial support totaling the equivalent of about $3 million. All of this came to light when Pat Dougherty came over from the US to be president and CEO of FCA Australia in December 2014. The staff spilled the full story on Dougherty's first day. "I walked into his office and let it all out. I don't think he knew what hit him," another source said to The Age. A team of forensic accountants was brought in to investigate. The reason that this took so long to discover was that no one was paying attention. First, sales in Australia were growing under Campbell. Also, "in my opinion, back in Michigan, head office didn't have its eyes on the road. They only had eyes on the Fiat deal," an insider said to The Age. That confluence essentially provided the perfect storm for this huge spending. News Source: The AgeImage Credit: Giuseppe Cacace / AFP / Getty Images Government/Legal Chrysler Fiat lawsuit FCA