I'd hate to see it happen, expecially General Motors.
Many wags, MoPar nuts and (North) American economic nationalists lamented the decline and sale of Chrysler to Daimler in 1998 and apparently their concern was well placed.
Feb. 14 "Dr. Z" and Chrysler CEO Tom Lasorda (no relation) both said that 'everything was on the table' including the sale of Chrysler by Daimler.
The German business newspaper Handelsblatt called the announcement the beginning of the end of a difficult marriage and said the market will reward the move. "We want to ensure that the core of Daimler can be protected from a possible financial downward spiral at Chrysler," Erich Klemm, the company's head workers' representative in Germany and deputy supervisory board chairman told Bloomberg News. "It's clear that the synergy potential between Mercedes-Benz and Chrysler is limited." (Isn't that classic newspeak? - McLean)
But Ron Harbour of Harbour Consulting said Zetsche's comments don't necessarily mean Chrysler is for sale. "He has a duty to not only the board but all of the shareholders to make sure that as they make strategic decisions, that they've exhausted all options," he said. "Don't jump to the conclusion that ... Chrysler is going to be sold."
On the other hand, The New York Times reported Wednesday that DaimlerChrysler retained JPMorgan to advise it, something Chrysler officials would neither confirm nor deny. The hottest rumour Feb. 15 is that early negotiations are underway with General Motors regarding a purchase of Chrysler from Daimler.
"In addition to that and in order to optimize and accelerate the presented plan, we are looking into further strategic options with partners beyond the business cooperation partners mentioned," Zetsche said. "In this regard, we do not exclude any option in order to find the best solution for both the Chrysler Group and DaimlerChrysler."
It's not only the corporate sharks who are to blame, there's plenty of blame to go around. Look at the foreign cars North Americans are buying, look at why they're buying them, look at the 'fast food' near-sighted internet day trader profiteers, the UAW, 'sleeping' voters, consumers, Congress and President(s), it's a complicated mess.
But Chrysler as we know it could be toast within a few years. Indeed the entire US auto industry is in dire peril of disappearing altogether, mainly due to unfair trade practices and US lawmakers' unwillingness to defend the homeland against them. (McLean, with files from the Detroit Free Press and Toronto Globe and Mail)
1970 Satellite 440 'sleeper' car for sale: $3,500 Cdn firm
727 auto, rebuilt 1974 Roadrunner transmission, fun three season hot rod! It's not perfect, hence the price, but all the 'heavy lifting' has been done converting it to a big block car and you can go as far as you want with it, she's a really enjoyable ride, been to Carlisle four times and is driven 4-5 days a week in season.
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