WOW! Chrysler Sold for $7.4 Billion - GoFuckYourself.com

kristin · 05-14-2007, 07:18 AM

"DaimlerChrysler moved to undo the most expensive and one of the least successful mergers in auto industry history today -- agreeing to sell its money-losing Chrysler unit for a fraction of what it paid nine years ago. DaimlerChrysler will sell an 80 percent stake in its U.S. brand for $7.4 billion to Cerberus Capital Management, a private equity investment firm. German automaker Daimler-Benz paid $37 billion for Chrysler in 1998."

Full Story Here

mortenb · 05-14-2007, 07:21 AM

ouch, that has got to hurt

Ravage · 05-14-2007, 07:32 AM

I blame Celine Dion for all 5-stars peril.

Pete-KT · 05-14-2007, 07:33 AM

Wow thats a huge lose

PantieZ · 05-14-2007, 07:39 AM

Daimler not only knows how to build good cars,
they also are very good in killing money by making bad deals.

Only god knows why

Catalyst · 05-14-2007, 07:47 AM

paid $37 billion for the U.S. automaker in 1998..

now there is a write off..

37billion to 7.4billion

jonesonyou · 05-14-2007, 07:58 AM

The beginning of The end of u.s. made vehicles.

stev0 · 05-14-2007, 08:08 AM

Quote:

Originally Posted by jonesonyou

The beginning of The end of u.s. made vehicles.

The beginning of that end started a long time ago.

EBORG9 · 05-14-2007, 08:16 AM

Quote:

Originally Posted by jonesonyou

The beginning of The end of u.s. made vehicles.

Not even. But what I don't understand is how auto makers get stuck in this rut for so many years.
It's obvious the kind of cars and designs that sell, but they keep holding on to notion that the whole line must look alike, and have the same options
It's ludicrous.

Brad · 05-14-2007, 08:25 AM

American made cars have been on a decline since the model T. They can't for the life of them make a decent looking car or even one that doesn't look like total crap. I've yet to sit behind the wheel of an American built car that was enjoyable to drive. Hell I've had more fun in a Kia than I ever have in a ford, gm, or any other brand out there. I doubt too many people will be surpirsed about this. Sure Chrystler released the Crossfire, but did they ever do anything else to help keep the brand afloat?

Vendot · 05-14-2007, 08:44 AM

So basically they bought it (chrysler), realised it was shit and sold it for 7 billion. So lets make it clear, the loss is approximately $30 billion.

Hmmm $30 million is a lot ........ OH HANG ON, its not million its FUCKING $30 billion. FUCKING IDIOTS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Trax · 05-14-2007, 08:49 AM

the last months stock increases made up a lot of that money... not all though
see the bright side... they got rid of 80% of the shit
investors are happy

royaljelly2 · 05-14-2007, 08:51 AM

That's VERY painful - holy cow.

jalami · 05-14-2007, 09:21 AM

Quote:

Originally Posted by Adult Lounge - Brad

American made cars have been on a decline since the model T. They can't for the life of them make a decent looking car or even one that doesn't look like total crap. I've yet to sit behind the wheel of an American built car that was enjoyable to drive. Hell I've had more fun in a Kia than I ever have in a ford, gm, or any other brand out there. I doubt too many people will be surpirsed about this. Sure Chrystler released the Crossfire, but did they ever do anything else to help keep the brand afloat?

Most American cars are crap, with notable exceptions -- I can guarantee that the Dodge Viper SRT-10 will put a smile on your face. But for mere mortals who can't afford Vipers, American cars that joe blow can buy are total crap.

xmas13 · 05-14-2007, 10:11 AM

The so-called "Japanese" cars are manufactured in the US, assembled by US workers

WiredGuy · 05-14-2007, 10:16 AM

Not to mention that Chrysler is still losing about $1 billion per year in losses

WG

WWC-Moe B. · 05-14-2007, 10:17 AM

That's a HUGE loss... wow

thebestdamnsexshow · 05-14-2007, 10:30 AM

that is a big lose

05-14-2007, 07:18 AM	#1
kristin GOO! Industry Role: Join Date: Sep 2002 Location: Back Home : ) Posts: 9,768	WOW! Chrysler Sold for $7.4 Billion "DaimlerChrysler moved to undo the most expensive and one of the least successful mergers in auto industry history today -- agreeing to sell its money-losing Chrysler unit for a fraction of what it paid nine years ago. DaimlerChrysler will sell an 80 percent stake in its U.S. brand for $7.4 billion to Cerberus Capital Management, a private equity investment firm. German automaker Daimler-Benz paid $37 billion for Chrysler in 1998." Full Story Here __________________ Vacares rules. "Usually only fat guys have the kind of knowledge and ability that Kristin has."

05-14-2007, 07:32 AM	#3
Ravage Confirmed User Industry Role: Join Date: Mar 2007 Location: Toronto Posts: 2,242	I blame Celine Dion for all 5-stars peril. __________________ Formerly known as Adult Rental Chris ICQ - 452-693-463 \| Skype: xravagex

05-14-2007, 07:58 AM	#7
jonesonyou Confirmed User Join Date: Sep 2003 Location: Lincoln, NE Posts: 3,853	The beginning of The end of u.s. made vehicles. __________________ Completely Real Amateur girls doing awesome things! Signup to promote Nebraskacoeds Today! Hit me up on ICQ/AIM 473324556/jasonnecoeds for exclusive content to promote with! And any ?'s

05-14-2007, 08:25 AM	#10
Brad Confirmed User Industry Role: Join Date: Jan 2007 Location: Toronto Posts: 2,510	American made cars have been on a decline since the model T. They can't for the life of them make a decent looking car or even one that doesn't look like total crap. I've yet to sit behind the wheel of an American built car that was enjoyable to drive. Hell I've had more fun in a Kia than I ever have in a ford, gm, or any other brand out there. I doubt too many people will be surpirsed about this. Sure Chrystler released the Crossfire, but did they ever do anything else to help keep the brand afloat? __________________ Affiliate Manager/Media Buyer ICQ 376 978 529 Skype: bradleyjwscott [email protected]

05-14-2007, 08:44 AM	#11
Vendot Confirmed User Industry Role: Join Date: May 2002 Location: Malaysia Posts: 3,376	So basically they bought it (chrysler), realised it was shit and sold it for 7 billion. So lets make it clear, the loss is approximately $30 billion. Hmmm $30 million is a lot ........ OH HANG ON, its not million its FUCKING $30 billion. FUCKING IDIOTS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! __________________ "In a Time of Universal Deceit, Telling the Truth is a Revolutionary Act." - George Orwell

05-14-2007, 07:21 AM	#2
mortenb Confirmed User Join Date: Jul 2004 Location: Denmark ICQ: 7880009 Posts: 2,203	ouch, that has got to hurt

05-14-2007, 07:33 AM	#4
Pete-KT Workin With The Devil Industry Role: Join Date: Oct 2004 Location: West Bloomfield, MI Posts: 51,532	Wow thats a huge lose

05-14-2007, 07:39 AM	#5
PantieZ Confirmed User Join Date: Jan 2001 Location: Panty Land Posts: 1,441	Daimler not only knows how to build good cars, they also are very good in killing money by making bad deals. Only god knows why

05-14-2007, 07:47 AM	#6
Catalyst Confirmed User Industry Role: Join Date: Jun 2003 Location: Vegas Posts: 3,243	paid $37 billion for the U.S. automaker in 1998.. now there is a write off.. 37billion to 7.4billion

05-14-2007, 08:49 AM	#12
Trax [----------------------] Join Date: Aug 2001 Posts: 14,486	the last months stock increases made up a lot of that money... not all though see the bright side... they got rid of 80% of the shit investors are happy

05-14-2007, 08:51 AM	#13
royaljelly2 Confirmed User Join Date: May 2007 Posts: 1,034	That's VERY painful - holy cow.

05-14-2007, 10:11 AM	#15
xmas13 Confirmed User Join Date: Dec 2004 Location: GFY Posts: 5,176	The so-called "Japanese" cars are manufactured in the US, assembled by US workers __________________ ICQ 557504926

05-14-2007, 10:16 AM	#16
WiredGuy Pounding Googlebot Industry Role: Join Date: Aug 2002 Location: Canada Posts: 34,468	Not to mention that Chrysler is still losing about $1 billion per year in losses WG __________________ I play with Google.

05-14-2007, 10:17 AM	#17
WWC-Moe B. Confirmed User Industry Role: Join Date: Dec 2003 Posts: 2,546	That's a HUGE loss... wow __________________ Moe B. [email protected] ICQ - 286024627 Now get full videos with Matching High Res Photos !!! " CONTENT PROVIDER OF THE YEAR! " ~ XBIZ 2007, 2008 and 2009 AWARDS WINNER New IP-TV Streaming Technology Feeds for Your Site ! www.WorldWideFeeds.com !!!

05-14-2007, 10:30 AM	#18
thebestdamnsexshow So Fucking Banned Join Date: Mar 2007 Posts: 451	that is a big lose