>From this morning's Wall Street Journal "Daimler May Favor Magna for
Chrysler". Remember who told you first. Please do not trade on what I say
here. ;)
JAMES KNOX <knox.james@sympatico.ca> said:
>
> At this point it looks like Magna is offering 4.7 billion and looking for a
> silent partner.
>
> Jim 91 Dak
>
>
> ----- Original Message -----
> From: "Tom Byrne" <kerib@ptd.net>
> To: <dakota-truck@dakota-truck.net>
> Sent: Wednesday, April 04, 2007 10:05 PM
> Subject: Re: DML: Daimler confims talks to dump Chrysler
>
>
> >
> > I cannot. It is inside info. Toyota is not having trouble with
organizing.
> > Workers told the UAW to take a hike years ago and do not want to go down
> > the GM road. Toyota culture encourages worker participation. The most
> > junior assembly line worker can shut down the line if he or she sees a
> > problem, especially a quality problem. They have unions in Japan, but
they
> > (and the workers) work with the company rather than having an adversarial
> > relationship. The team approach is used. Toyota has no shortage of
> > applicants for jobs in the U.S.
> >
> > I think Magna has the inside track, but it is just as likely that DCX
> > stays intact. DCX wanted the same benefit concessions the UAW gave GM and
> > Ford. The UAW refused stating that DCX has deep German pockets. If one
> > recalls, it was the UAW which began the practice of having the same
> > contract with all companies in the 1950s. Now it wants to change the
> > rules. I wouldn't call DCX's considering a Chrysler sale a total bluff,
> > Dr. Zetsche will pull the trigger if need be, but he is hopeful that the
> > UAW caves instead of having to deal with private equity firms who would
> > rather break the company up than cave to union demands.
> >
> > One sticking point could come from both German and North American
> > unions. In Germany, half the seats on a corporation's advisory board
> > (board of directors) are labor representatives. The UAW has seats on the
> > board. Non of the unions want Chrysler Group to be sold to a private
> > equity firm. Word from my colleagues in Michigan is that the locals are
> > hoping for either Magna or the status quo.
> >
> > ----- Original Message -----
> > From: "Gabriel A. Couriel" <gcouriel@bellsouth.net>
> > To: <dakota-truck@dakota-truck.net>
> > Sent: Wednesday, April 04, 2007 10:03 PM
> > Subject: RE: DML: Daimler confims talks to dump Chrysler
> >
> >
> >>
> >> if you've got info to give us, please do. however, from what i've heard,
> >> Toyota is having problems with non-UAW plants, because some of the
> >> workers
> >> are trying to organize.
> >>
> >> however, i agree, some things definitely have to change, beginning with
> >> the
> >> Patriot.
> >>
> >> Gabriel A. Couriel
> >>
> >> 2006 DML Fantasy Football Champion
> >>
> >>
> >>
> >> -----Original Message-----
> >> From: owner-dakota-truck@bent.twistedbits.net
> >> [mailto:owner-dakota-truck@bent.twistedbits.net]On Behalf Of Tom Byrne
> >> Sent: Wednesday, April 04, 2007 8:53 PM
> >> To: dakota-truck@dakota-truck.net
> >> Subject: Re: DML: Daimler confims talks to dump Chrysler
> >>
> >>
> >>
> >> You heard wrong. If Cerberus or the Blackstone/Centerbridge group buys
> >> Chrysler a break up could be possible. The more likely plan is for one of
> >> the potential buyers to tell the UAW to take a hike, build trucks in
> >> North
> >> America and build small cars overseas where they can be built profitably.
> >> This puts Magna in the best spot as it builds cars for Chrysler in
> >> Austria
> >> and it has production facilities in Canada where the CAW is a bit more
> >> cooperative than the UAW. The next plan would be to steal a page from
> >> Toyota's book and build vehicles in non-union plants in the Southern U.S.
> >> where they can be built profitably. The Dak would likely be history.
> >> There
> >> would be a Ram, maybe a small truck and crossover SUVs. Marketing would
> >> be
> >> improved. I mean, why doesn't DCX mention that the 2wd Magnum (any
> >> engine)
> >> gets essentially the same mileage as the V6 Camry.
> >>
> >> The Caliber sells well, but thee isn't much profit in small cars The
> >> Avenger is a job not finished, but has potential. The drag comes from
> >> trucks
> >> and poor marketing of the Magnum. Charger and 300 since fuel prices
began
> >> to
> >> rise in 2005. Jeep is the crown jewel here. It has tremendous brand
> >> recognition and loyalty. Look for the new owner to kill the Compass.
> >>
> >> Remember, Chrysler was making money building cars up until that time.
> >> The last time GM's and Ford made money form auto operations was 2001.
> >> They
> >> did make money through 2004, but that is because their financing units
> >> (GMAC
> >> and FMCR) made more than auto ops lost.
> >>
> >> I have to be careful what I say because I am not a casual outside
> >> observer (professional life), but I want to clear some things up here.
> >>
> >> ----- Original Message -----
> >> From: "Gabriel A. Couriel" <gcouriel@bellsouth.net>
> >> To: <dakota-truck@dakota-truck.net>
> >> Sent: Wednesday, April 04, 2007 4:25 PM
> >> Subject: RE: DML: Daimler confims talks to dump Chrysler
> >>
> >>
> >>>
> >>> news i heard today on the radio was that DCX was considering selling
> >>> parts
> >>> piece-meal, if they can't get an all-or-nothing bid. also, DCX will
> >>> select
> >>> a potential suitor by end of the month, and then hold negotiations with
> >>> just
> >>> that buyer.
> >>>
> >>> Gabriel A. Couriel
> >>>
> >>> 2006 DML Fantasy Football Champion
> >>>
> >>>
> >>> -----Original Message-----
> >>> From: owner-dakota-truck@bent.twistedbits.net
> >>> [mailto:owner-dakota-truck@bent.twistedbits.net]On Behalf Of Bernd D.
> >>> Ratsch
> >>> Sent: Wednesday, April 04, 2007 3:35 PM
> >>> To: dakota-truck@dakota-truck.net
> >>> Subject: RE: DML: Daimler confims talks to dump Chrysler
> >>>
> >>>
> >>>
> >>> It's a coincidence...however, the District Rep here confirmed the
> >>> story...we
> >>> just don't know who's going to be in on it yet. GM did try to buy out
> >>> the
> >>> Jeep line...but DC told them either all or none.
> >>>
> >>> - Bernd
> >>>
> >>> -----Original Message-----
> >>> From: Gabriel A. Couriel [mailto:gcouriel@bellsouth.net]
> >>> Sent: Wednesday, April 04, 2007 1:55 PM
> >>> To: dakota-truck@dakota-truck.net
> >>> Subject: RE: DML: Daimler confims talks to dump Chrysler
> >>>
> >>>
> >>>
> >>> ummm... yeah, it is. one of the local dodge dealerships over here
> >>> bought
> >>> their neighbor (Mazda/Jeep/Chrysler). they closed the Mazda side down
> >>> in
> >>> about a month and a half.
> >>>
> >>> Gabriel A. Couriel
> >>>
> >>> 2006 DML Fantasy Football Champion
> >>>
> >>>
> >>>
> >>> -----Original Message-----
> >>> From: owner-dakota-truck@bent.twistedbits.net
> >>> [mailto:owner-dakota-truck@bent.twistedbits.net]On Behalf Of WiLieR[SS]
> >>> Sent: Wednesday, April 04, 2007 2:51 PM
> >>> To: dakota-truck@dakota-truck.net
> >>> Subject: Re: DML: Daimler confims talks to dump Chrysler
> >>>
> >>>
> >>>
> >>> Let's thicken it even more. A local dodge dealership just closed
> >>> overnight with no announcements and now all their inventory, both new
> >>> and used is sitting in the toyota dealer lot. Coincidence? Hmmmmmmm
> >>>
> >>> WiLieR
> >>>
> >>> - Original message -
> >>> http://www.msnbc.msn.com/id/17944679/ <snip> BERLIN - DaimlerChrysler
> >>> AG is confident a turnaround program at its Chrysler unit will return
> >>> the beleaguered American brand to profitability, but Chairman Dieter
> >>> Zetsche said Wednesday the automaker is in talks with unidentified
> >>> potential buyers.
> >>> <snip> The plot thickens....
> >>>
> >>> On 4/4/07, msnbcnnbcbs@hotmail.com <msnbcnnbcbs@hotmail.com> wrote:
> >>>>
> >>>> http://www.msnbc.msn.com/id/17944679/
> >>>>
> >>>> <snip>
> >>>> BERLIN - DaimlerChrysler AG is confident a turnaround program at its
> >>>> Chrysler
> >>>> unit will return the beleaguered American brand to profitability, but
> >>>> Chairman
> >>>> Dieter Zetsche said Wednesday the automaker is in talks with
> >>>> unidentified
> >>>> potential buyers.
> >>>>
> >>>> "As announced on Feb. 14, we are open to all options for future
> >>>> collaboration
> >>>> with Chrysler," he told some 9,000 shareholders crammed inside Berlin's
> >>>> exhibition center. "The statement is still true today."
> >>>>
> >>>> He said that the talks have been with "potential partners who have
> >>>> shown
> >>>> a
> >>>> clear interest" and "so far, I am satisfied with the process.
> >>>> Everything
> >>> is
> >>>> going according to plan."
> >>>> Story continues below ↓advertisement
> >>>>
> >>>> He would not elaborate on who was involved in the talks.
> >>>>
> >>>> Zetsche stunned the automotive world on Feb. 14 when he said that
> >>> continued
> >>>> losses and fierce competition in the United States meant that the
> >>>> German-American automaker was considering all options for its Chrysler
> >>> unit,
> >>>> and did not rule out a possible sale, saying only that all options were
> >>>> being
> >>>> considered.
> >>>> <snip>
> >>>>
> >>>> The plot thickens....
> >>>>
> >>>
> >>>
> >>>
> >>>
> >>
> >>
> >>
> >>
> >
>
>
>
--
This archive was generated by hypermail 2b29 : Mon May 07 2007 - 19:04:35 EDT