PaykanHunter Posted May 4, 2015 Share Posted May 4, 2015 That was August 1978. This is known as the $1 deal. I did a Google Newspaper search and found out that Chrysler actually got $280 million + 18% of Peugeot shares for the sale of its European division (Rootes + SIMCA). BUT Chrysler Europe was $400 million in debt. Was that 1$ basically a write off for the tax man?... Here is the article link:https://news.google.com/newspapers?id=e4IuAAAAIBAJ&sjid=faEFAAAAIBAJ&pg=1430%2C3533141 Bamboocarman and cort16 2 Link to comment Share on other sites More sharing options...
cort16 Posted May 4, 2015 Share Posted May 4, 2015 I don't think Fiat even paid $1 for Chrysler when they took them over a couple of years ago. PaykanHunter 1 Link to comment Share on other sites More sharing options...
PaykanHunter Posted May 4, 2015 Author Share Posted May 4, 2015 I don't think Fiat even paid $1 for Chrysler when they took them over a couple of years ago. I think you are correct. That was the deal of the century! Link to comment Share on other sites More sharing options...
cort16 Posted May 4, 2015 Share Posted May 4, 2015 They got ripped off back in '78. If you add in inflation that 320 million the government laid out to bail out Chrysler translates to $1.2 billion in todays money. That's a lot of cash. Link to comment Share on other sites More sharing options...
warren t claim Posted May 4, 2015 Share Posted May 4, 2015 I'd splash out another $15 and buy Rover as well. Bamboocarman and urpert 2 Link to comment Share on other sites More sharing options...
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