Mercedes dumps Chrysler

[eyelight]

US private equity firm Cerberus Capital Management is to buy a majority stake in car firm DaimlerChrysler's ailing US Chrysler arm.
The group is to buy 80.1% of the firm for 5.5bn euros ($7.41bn; £3.7bn) DaimlerChrysler announced on Monday.

News of the deal drove DaimlerChrysler shares 7% higher on the German market.



http://news.bbc.co.uk/1/hi/business/6653277.stm

 

[BlackC55]

Great news

 

[hawk20]

TODAY’s JOKE: -
“We have created the right conditions for a new start for Chrysler and Daimler”
Dieter Zetsche, Chief Executive DaimlerChrysler

Sorry am I in the wrong section?

 

[hawk20]

Good coverage in the Wall Street Journal which makes it clear that having paid $36 billion to buy Chrysler, Daimler AG (as it will soon be known) are actually paying someone to take it away.
http://online.wsj.com/article/SB117913164108101758.html?mod=googlenews_wsj

 

[Stevie A]

Good coverage in the Wall Street Journal which makes it clear that having paid $36 billion to buy Chrysler, Daimler AG (as it will soon be known) are actually paying someone to take it away.
http://online.wsj.com/article/SB117913164108101758.html?mod=googlenews_wsj

Will the build quality now return to that of the pre-Chrysler era? I hope so, or some say it has already improved again. Or maybe this is a myth but I don't think it is. Best thing Daimler can do is to "overbuild" their cars again.