Forum Discussion
Jarlaxle
May 18, 2013Explorer II
travelnutz wrote:
Hmmm!
A merger of equals? Is that why Daimler paid 36 billion for 92% of Chrysler on May 7th, 1998? Do your research Don!
A merger of equals? Is that why Cerberus paid 7.4 billion for 81% of Chrysler on May 14th, 2007 when Daimler finally had enough of the losses experienced while OWNING Chrysler? Do your research Don!
Merger of equals? Is that how a larger corporation named Fiat, of Italy, now owns the majority of the much smaller Chrysler it purchased on July 21st, 2011 from the US Government and why Sergio, the CEO of Fiat, calls the shots for Chrysler? Do your research Don!
I'll help you!
Google these:
Daimler buys Chrysler
then
Cerberus buys Chrysler
then
Fiat buys Chrysler
Should keep you entertained for hours and help you learn at the same time.
Are you sure you work for Chrysler Corp? If you said Allpar I'd understand the brainwashing.
Don, just trying to help you.
It's quite simple, really: Daimler bought, pillaged, and dumped Chrysler. Then MISmanaged it from a money machine to bankruptcy. It really is that simple...it was a cash-grab by Daimler.
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