Log in

View Full Version : Official: Chrysler being sold


blackbird
05-14-2018, 09:13 AM
http://edition.cnn.com/2018/BUSINESS/05/14/chrysler.sale/index.html

blackbird
05-14-2018, 09:17 AM
http://autoweek.com/apps/pbcs.dll/article?AID=/20180514/FREE/70514001/1530/FREE

Stage2BlackSRT4
05-14-2018, 11:27 AM
Wow....good or bad?

lunchbox660
05-14-2018, 11:37 AM
i would say bad, based on what i read. job cuts, the fact that chrysler was on a financial downslope to begin with, it sounds like a last ditch effort to save their asses...hopefully this does not mean the end of an era, but with chrysler changing hands twice in as short of time, it doesnt look hopeful if you ask me...just my 2 cents

blackbird
05-14-2018, 12:08 PM
It was already not doing too good before they even considered selling off Chrysler. We'll have to wait and see what happens but it could be a good thing long term but maybe not. The German's have never got along with the American side very well and have run them into the ground with some doing of Chrysler themselves. What will be interesting is to see what happens to Daimler. They've been selling off their assets and trying to raise funds and have been bleeding red themselves for a number of years.

timmy
05-14-2018, 12:13 PM
It was already not doing too good before they even considered selling off Chrysler. We'll have to wait and see what happens but it could be a good thing long term but maybe not. The German's have never got along with the American side very well and have run them into the ground with some doing of Chrysler themselves. What will be interesting is to see what happens to Daimler. They've been selling off their assets and trying to raise funds and have been bleeding red themselves for a number of years.
I bet the CEO still makes 1,000,000+ a year, that takes a lot of money away when you pay people that much money.

melmsrt4
05-14-2018, 07:23 PM
According to this analyst they will be sold again.

The Cerberus deal is a good one for DaimlerChrysler, said Kevin Tynan, an auto analyst at Argus Research.

"The expectation is that Cerberus will do some cutting and slashing to try to make it leaner and then turn around and selling it," Tynan said.

Here's the whole article:

http://articles.moneycentral.msn.com/Investing/Dispatch/Chryslersale.aspx

blackbird
05-15-2018, 03:32 AM
Too tough to tell but I bet Cerberus does have some sort of plan in place on how they want to proceed. What that will be might turn out interesting. It doesn't sound like their type of equity management goes hand in hand with long term growth and nurturing of the company so they could be trying to make Chrysler more stable to resell or spin off if it can become profitable again. Detroit New (http://www.detroitnews.com/) also has a bunch of articles on the sale.

|