1955 Chrysler Imperial on 2040-cars
El Monte, California, United States
If you have questions email email me at: ieshaisscarbro@worldfriend.com .
Rare 1955 Imperial Newport 2 door. One of only 3418 ever built, this vehicle is from my
father’s car collection. My father purchased the car in 1995 from a man in Oakland Ca. During his ownership here
in California he kept the car garaged and drove it occasionally on club functions. The battery is new and the 331
Hemi engine starts right up. The car runs, drives and stops well. The master cylinder and power brake booster were
replaced a few years ago. The car comes with real wire wheels. The glass all looks good. The car has some pitting
of the chrome, some surface rust in a few spots, some surface cracking of the leather interior, one tear in the
seats (measuring about an inch long). Original color is cream and it is now painted white with the gold top.
Hagerty valuation tools lists the value of this car at $79,700 if it were restored to “#1 Concours” condition
and at a value of $16,800 if in “#4 Fair” condition. This car meets or slightly exceeds the #4 condition
description but is not a “#3 Good” example, in my opinion.
Brief History of the 1955 Imperial: With understated elegance and a well-deserved reputation for excellent
engineering, the Imperial marked the pinnacle of the Chrysler product line. Notably, 1955 marked the registration
of Imperial as a separate marquee within the Chrysler Corporation, and the completely new-for-1955 models benefited
from the full stylistic influence of the renowned Virgil Exner.
For 1955, Imperials were available in two forms: the C-69 short wheelbase version known as the Newport Coupe or
Sedan, along with the C-70 long wheelbase sedan version named the Crown Imperial. Featuring excellent build
quality, the upscale Imperial was priced from $4,483, providing a very attractive alternative to the contemporary
offerings from Cadillac and Lincoln.
Chrysler Imperial for Sale
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Fiat Chrysler global HQ lands in London's ultra-posh West End
Thu, 18 Sep 2014It seems Fiat is bent on bolstering its image as a global automaker, as word has leaked out that the Italian/American conglomerate has chosen to locate its global headquarters in a rather swanky neighborhood in London. According to Bloomberg, the rental location on St. James Street in London's West End is a 10-minute walk from Buckingham Palace, and Fiat Chrysler Automobiles will fill up three complete floors of an office building that also houses The Economist magazine.
As a neutral location between Italy and the United States, the London-based headquarters makes sense, though, at $277 per square foot, this area is said to be the most expensive office space in the world. There's no mention of what FCA has actually agreed to pay for renting the space, but we're certain it isn't coming cheap.
Not surprisingly, Bloomberg also cites research indicating that the largest number of immigrants moving into London from January through August of this year hail from Italy, which makes sense considering the number of Italian executives and workers we'd expect would have to relocate to the UK in order to work at Fiat's new home. The company reportedly plans to be in place in London by the time it holds its next round of board meetings in October.
Fiat pondering swallowing rest of Chrysler, US IPO
Wed, 24 Apr 2013At the moment, Fiat is in court with the United Auto Workers, waiting for the justice system to provide some guidance on a fair price for 41.5-percent of Chrysler it doesn't own. Fiat owns 58.5 percent of the company and wishes to buy the remainder, which is owned by the union's VEBA retiree trust, but the Italian company and the UAW are on different sides of the galaxy when it comes to assigning a fair price to that outstanding stake.
Naturally, Fiat CEO Sergio Marchionne is considering his options. A new report in the The Wall Street Journal says one of the scenarios being considered now is - depending on the outcome of the court case - to purchase the 41.5-percent stake and then issue an IPO to recoup some of the cost. About two months ago, Marchionne put the odds of an IPO for a wholly combined Fiat/Chrysler at 50 percent. Even with the WSJ report, it's not clear if those odds have changed.
The current company structure leaves a lot of options as to how a potential IPO could be issued, but it's said that Marchionne is against it, preferring "to be one company," under Fiat, indivisible. If Fiat is finally able to purchase all of the Pentastar, it would get access to Chrysler's war chest, pegged at $11.9 billion at the end of Q3 in 2012, and that money can't come soon enough for a brand taking a beating in Europe and delaying product over cash concerns.
Fiat shareholders green-light Chrysler merger, end of an Italian era
Fri, 01 Aug 2014Fiat has just taken a major step away from its Italian heritage, as shareholders officially approved the company's merger with Chrysler. That move will lead to the formation of Fiat Chrysler Automobiles NV, a Dutch company based in Great Britain and listed on the New York Stock Exchange, according to Automotive News Europe.
The company captured the two-thirds majority at a special shareholders meeting, although there are still a few situations that could defeat the movement. According to ANE, roughly eight percent of shareholders opposed the merger, which is a group large enough to defeat the plan, should they all exercise their exit rights outlined in the merger conditions.
Meanwhile, Fiat Chairman John Elkann (pictured above, right, with CEO Sergio Marchionne and Ferrari Chairman Luca Cordero di Montezemolo), the great-great-grandson of Fiat founder Giovanni Agnelli, reaffirmed his family's commitment to the company beyond the merger. Exor, the Agnelli family's holding company, still maintains a 30-percent stake in Fiat.