too bad they didnt just revert back to daimler benz
[EMAIL PROTECTED] wrote:
Subject: Re: [MB] Chrysler "Sold"
DCAG just announced that it will sell Chrysler to an investment firm,
Cerberus, for $7.5 billion. The deal is complicated, as DCAG (to be renamed Daimler
AG--whatever happened to Benz?) will keep a 19.9-percent interest and loan
money back to Chrysler Holdings, a subsidiary of Cerberus. This isn't the deal
that the unions wanted, but they didn't get their employee ownership
dealtogether fast enough.
The net of the deal seems to be that nobody gets much significant money, but
Cerberus will end up being able to ditch some of Chrysler's money-losing
operations, and Daimler can go its merry way building Mercedes-Benzes again.
--
Kaleb C. Striplin/Claremore, OK
92 250D Turbo, 92 300E 4Matic, (2x) 91 300D 2.5 Turbo, 90 420SEL,
89 560SEL, 89 260E, 87 300SDL, 85 380SE 5.0 Euro, 84 190D 2.2,
81 240D, 81 380SLC, 80 240D, 76 240D, 76 300D, 72 250C, 69 250
http://www.okiebenz.com
