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SVTPerformance's Chain of Restaurants
Road Side Pub
Chrysler sold
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<blockquote data-quote="DBK" data-source="post: 5052041" data-attributes="member: 4088"><p>DC bought Chrysler for $37 billion dollars, spent untold billions more integrating and developing products with them, and now sold them for $7.4 billion. Good deal Germans.</p><p></p><p>This is nothing but bad news for Chrysler. I'm not sure Cerberus knows what it's doing at this point. Last year they bought a grocery chain, bought a majority stake in GMAC (which is a disaster at this point) just to stick it to KKR, and now they buy Chrysler...I'm just not sure what they want it for. Are they going to slash and burn and then attempt to liquidate? Do they want to build cars for some reason? Either way, expect major changes at Chrysler. If you work there, start filling out resumes (not that it's any different than any other car maker at this point).</p><p></p><p>I just hope they don't destroy it. It'd be nice if it was a genuine attempt to bring it back, but I don't have too much faith in that.</p><p></p><p>p.s, DC basically just paid Cerberus to take on this company. You tellin me all the assets and brand value Chrysler has isn't worth more than $7 billion? They were desperate to ditch their obligations and the Germans wanted rid of the Americans, so they took a colossal loss to do it...</p></blockquote><p></p>
[QUOTE="DBK, post: 5052041, member: 4088"] DC bought Chrysler for $37 billion dollars, spent untold billions more integrating and developing products with them, and now sold them for $7.4 billion. Good deal Germans. This is nothing but bad news for Chrysler. I'm not sure Cerberus knows what it's doing at this point. Last year they bought a grocery chain, bought a majority stake in GMAC (which is a disaster at this point) just to stick it to KKR, and now they buy Chrysler...I'm just not sure what they want it for. Are they going to slash and burn and then attempt to liquidate? Do they want to build cars for some reason? Either way, expect major changes at Chrysler. If you work there, start filling out resumes (not that it's any different than any other car maker at this point). I just hope they don't destroy it. It'd be nice if it was a genuine attempt to bring it back, but I don't have too much faith in that. p.s, DC basically just paid Cerberus to take on this company. You tellin me all the assets and brand value Chrysler has isn't worth more than $7 billion? They were desperate to ditch their obligations and the Germans wanted rid of the Americans, so they took a colossal loss to do it... [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Chrysler sold
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