Originally Posted By: fdcg27
Originally Posted By: Miller88
Originally Posted By: loneryder
Why would anybody want that company. Even Daimler couldn't make it work.
Daimler didn't want it to work. All Daimler wanted to do was bleed the money from Chrysler.
By the time DB bought Chrysler, there was no more than dust to bleed.
Chrysler proved to be a deep money pit for DB which is the reason that they were anxious to part with their billions of dollars in investment in this loser for literally nothing.
A Canadian VC firm did make a few bucks and Fiat now finds itself stuck to this tar baby.
It might be that Fiat will get dragged down with this anchor around its neck and any potential buyer might just pick up the desired pieces on the cheap after bankruptcy.
Yes, it really is that bad for FCA and just wait for the next recession.
Of course, when that happens, there may be more valuable and viable entities available on the cheap.
Chrysler was doing great in 1998 when Diamler took them over, Diamler was the company that has a cash crisis.
Interesting little read -
https://www.mapartners.net/insights/what-really-happened-daimler-chrysler
Originally Posted By: Miller88
Originally Posted By: loneryder
Why would anybody want that company. Even Daimler couldn't make it work.
Daimler didn't want it to work. All Daimler wanted to do was bleed the money from Chrysler.
By the time DB bought Chrysler, there was no more than dust to bleed.
Chrysler proved to be a deep money pit for DB which is the reason that they were anxious to part with their billions of dollars in investment in this loser for literally nothing.
A Canadian VC firm did make a few bucks and Fiat now finds itself stuck to this tar baby.
It might be that Fiat will get dragged down with this anchor around its neck and any potential buyer might just pick up the desired pieces on the cheap after bankruptcy.
Yes, it really is that bad for FCA and just wait for the next recession.
Of course, when that happens, there may be more valuable and viable entities available on the cheap.
Chrysler was doing great in 1998 when Diamler took them over, Diamler was the company that has a cash crisis.
Interesting little read -
https://www.mapartners.net/insights/what-really-happened-daimler-chrysler