May 14, 2007

Chrysler Sold

Chrysler has been sold to an Investment Company, Cereberus. They announced it this morning.

Mark my words, Chrysler will not exist as a company in two years.

An investment firm wants nothing to do with running a company, investment companies are formed and set-up to do one thing and one thing only ...

To dismantle companies ...

And Daimler should be ashamed of itself, they way it destroyed Chrysler.

When they "merged" with Chrysler, Chrysler was a very profitable company and at the time Daimler was not. So in 8 years Daimler stripped Chrysler of all it's money, it's profitablility and sold it so it will be dismantled.

Posted by Quality Weenie at May 14, 2007 07:15 AM | TrackBack

If this happens, I wouldn't be surprised. I've kind of waiting for one of the three to go under for a couple of years now, and Chrysler looked like the best candidate.

Posted by: Contagion at May 14, 2007 01:41 PM