I was disappointed when they dropped Plymouth. But then they gave us
rear wheel drive, 6.1L 425 HP engines, Viper trucks, and 300HP Neons.
We may even see a manual transmission soon in the Challenger. Dare we
dream of a management buyout! Independence once again without the
Mitsubishi albatross?
AWESOME!
Andy In Friendswood
'91 Spirit R/T, White
=============
Bradford Wernle
Is the Chrysler group for sale? During a presentation to analysts and
journalists today, DaimlerChrysler CFO Bodo Uebber refused to rule out
the sale or spinoff of its unprofitable Chrysler group.
"We don't exclude anything here," including structural changes, Uebber
said during his third-quarter earnings teleconference today. "We will
do our analysis. Second, we will talk about measures. And third, we
will draw our conclusions."
Asked again whether DaimlerChrysler has put the Chrysler group up for
sale, Uebber repeated the same answer without giving a yes or no. "I
don't do any speculation," he said.
Chrysler group losses dragged down DaimlerChrysler's third-quarter
financial results. The Chrysler group lost $1.47 billion, down from a
$393 million profit for the same period a year ago.
The company predicts Chrysler will lose $1.2 billion in 2006.
DaimlerChrysler posted quarterly net income of $680 million and
projects a companywide operating-profit target of $6.29 billion for the
full year.
The Chrysler group's loss overshadowed a rebound at the Mercedes Car
Group, whose quarterly operating profit rose to $1.24 billion.
DaimlerChrysler has assigned a team of senior executives to study seven
major facets of the Chrysler group's business. The teams have been
asked to improve margins by $1,000 per vehicle. Officials declined to
give a timetable for the internal study.
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