Chrysler for sale

   / Chrysler for sale #11  
AndyM said:
After K-Mart bought Sears, anything is possible! :eek:
EddieWalker said:
Is that right? I thought it was the other way around.

Eddie

From CNN Money.com... (11/17/2004)
Kmart is buying Sears, Roebuck & Co. for $11 billion in a deal that will marry two of the nation's oldest retailers that had trouble keeping up with the changes in American culture around them.
 
   / Chrysler for sale #12  
It's all a ploy to get press. Notice since the "all options are being explored" statement was made on 2/14 (when they announced DCX is swimming in the red), their stock has gone up. Believe me, being a moderator on the biggest Mopar board on the web, it's all been speculated to death, & in the last 9 days there have been a MINIMUM of 20 posts announcing Chrysler's imminent sale to GM (as if :rolleyes: ).

Mercedes Benz wanted & bought Chrysler 9 years ago for 2 reasons:

1- To get a piece of the VERY lucrative (at the time) light truck sales.

2- To get their hands on Chrysler's $5 billion in cash reserves.

The "merger of equals" (as it was advertised/foisted on the public) was a sham! Within 2 years of the take-over, 90% of (what was formerly) Chrysler's upper management came directly from desks in Stuttgart.

Where will all these RUMORS lead? I have no idea, my crystal ball is broken. Personally, one of two things are going to happen:

1- (the former) Chrysler Corp will be cut up & sold to various buyers (mostly Asian/Oriental).

2- It's a marketing ploy to bolster things on Wall Street (more short-term gain at the expense of long-term stability/reinvestment.
 

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