Juergen Shcrempp used more than 6 billion dollars of Chrysler's money (all
of it's reserves) in a buying spree of car companies including Hyaundai
(sp?), Detroit Diesel, a second diesal company, the rest of the stock they
need it Mitsubishi Motors, and several other companies. He actually
completely depleted Chrysler's reserves then used more of Chrysler's money
that was not reserves, causing more of a loss for the company. That's what
happened.
-Ryan
99 DA RC R/T
The Germans are morons...... PERIOD.
----- Original Message -----
From: "redmopar99" <redmopar99@ntlworld.com>
To: <dakota-truck@buffnet.net>
Sent: Tuesday, January 30, 2001 9:21 AM
Subject: DML: Re: Someone please explain
> All I can figure is that Mercedes screwed up by buying Chrysler and now
> nobody wants to buy the junk they're producing!
> Aaron
> 99 RC V6 4X2
> ----- Original Message -----
> From: Matt Tharp <henryrollins@springmail.com>
> To: <dakota-truck@buffnet.net>
> Sent: Monday, January 29, 2001 9:34 PM
> Subject: DML: Someone please explain
>
>
> >
> > I just do not get it.
> > I have been reading all I can over the DC promblems and all the
layoff's.
> I am also reading the book "taken for a ride" ( Good Read ). But I still
do
> not get it. DC was a money making machine. They were in the black big
time.
> They had a strong lineup. Then the market slowed down, a little more then
> some expected. They start going crazy killing job's shuting down factory's
> making suppliers cut 10% out of there cost. I have been reading the news
and
> finding out all I can about this, But still do not understand why they are
> losing so much money. I have not heard that G.M. is hurting that bad same
> with ford. Last I heard DC had a couple billon sitting around in a bank
for
> this very reason. Did they use it up in the takover? Please Expain what
> happened and Why
> >
> > Thanks
> > Matt Tharp
> >
>
This archive was generated by hypermail 2b29 : Fri Jun 20 2003 - 11:58:48 EDT