Chrysler was not on a major rebound. They had run out of R&D money and the
didn't even have the money to bring the PT to market. Without Daimler,
Chrysler was in real trouble. I am a corporate bond trader. My job is
analyzing balance sheets and Chrysler had gone from the most efficient
domestic auto maker in bringing cars to market to the least efficient. When
they first showed the PT to Daimler executives the Daimler people loved it.
The Chrysler boys told them for production they wanted to use a modern front
end instead of the retro model. Daimler insisted on the PT we have now.
Without Daimler, Chrysler would have fallen to junk status. This means they
would have to pay through the nose for financing. This is important as
Chrysler Ford and GM make money only through their finance divisions now.
They all build cars at a net loss. Counter me if you want, but it is the
honest truth. I have corresponded with Dieter Zetsche. He is actually a
classic Mopar fan.
----- Original Message -----
From: <jon@dakota-truck.net>
To: <dakota-truck-moderator@bent.twistedbits.net>
Sent: Friday, January 14, 2005 6:32 PM
Subject: Re: DML: OT: Dodge Charger
>
> "Ryan Stewart" <dapurplert@dakota-durango.com> wrote:
>
> : Just because AOL and TimeWarner merged doesn't mean either one no longer
> : exists, same as ChryCo and MB. It's a MERGER, so what if some higher-ups
> : from Germany were put in charge of ChryCo? They finally with their
> : second attempt got someone in there who did what no American was doing
> : by turning it around and making some cool ass cars again finally. I am
> : not racist so I could care less if the guy who did it came from Germany,
> : Russia, or France (OK, maybe France....) as long as he has a true
> : passion for the car he is developing, and I truly believe Dieter does.
>
> : I am tired of hearing this BS that ChryCo is gone when truth is it's
> : doing the best it has in DECADES.....
>
>
>
> I didn't say that Chrysler doesn't exist, I said that it was "a
> facade of the entity it once was". There is a company called "Chrysler",
> but 'tis not the same. It is run by completely different people, and
> a buttload (that's a technical term) ;-) of talent and top managment
> jumped ship when the "merger" happened. (It wasn't really a merger,
> DaimlerBenz essentially purchased Chrysler; it bears more resemblance
> to a hostile takeover than a merger.) Heck - Jurgen Schrempp (sp?)
> has come right out and said as much. If you're looking for excuses
> to call BS on things, start with the "merger of equals" crap.
>
> Wether the "merger" was for the better or for the worse could probably
> be debated, as there is some room for personal perspective and opinion,
> but facts are facts, today's Chrysler is not the same company it once
> was, the same way that today's Indian motorcycle company is not the same
> company it once was. It may be arguable that there might be no
> company out there which is the same as it once was due to its management
> turnover over the years, but its especially obvious when something as
> drastic as the DB/Chrysler "merger" happens to so completely sever
> the ties to the past.
>
> Chrysler was on a *major* rebound surge when DaimlerBenz (with some
> insider help) stomped 'em and spent all $20 billion of Chrysler's cash
> reserves. IMHO, Chrysler would probably be doing even *better* today
> if it were on its own. Unfortunately, now we'll never know. (Hey,
> if anyone figures out how to jump between parallel universes, let me
> know, I want to go to that one.) ;-)
>
>
> --
> -Jon-
>
> .-- Jon Steiger ---- jon@dakota-truck.net or jon@jonsteiger.com --.
> | 1970 Barracuda - 1990 Dakota 'vert - 1992 Ram 4x4 - 1996 Dakota |
> | 1996 Intruder 1400 - 1996 Kolb FireFly - 2001 Ram QC 3500 CTD |
> `------------------------------------ http://www.jonsteiger.com --'
>
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