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Not even Daimler Mercedes Benz Corp. save Chrysler

fistfullofsteel

fistfullofsteel

Well-known member
Daimler Closes on Chrysler Sale
AP

Posted: 2007-08-03 11:39:48

BERLIN (Aug. 3) - Automaker DaimlerChrysler AG said Friday it has completed the transaction to sell a majority stake in its U.S. Chrysler arm to private equity firm Cerberus and that shareholders would be asked to approve the new name "Daimler AG."

"Today a new chapter in our company's history begins," DaimlerChrysler CEO Dieter Zetsche said in a statement. The statement said the closing was held Friday on the deal, which transfers an 80.1 percent stake in Chrysler to a subsidiary of Cerberus.

http://money.aol.com/news/articles/_a/daimler-closes-on-chrysler-sale/20070803113909990001


I'm sure alot of Benz loyalists are happy because the quality of Mercedes Benz dropped dramatically after the merger.
 
their quality control sufered because of management's rush to push out newer designs and features that had not gone thru the usual vetting and production check schedules than m-b used in the past. inroads on their market share from superior cars from lexus and infiniti shook m-b management to the core; making them foist out new cars on the buying public that were not quite ready.


during this period of dropping m-b quality control and buyer discontent; the profits from chrysler's hot selling truck line kept m-b in the black.
 
rsnoble-im-back said:
Whatever, my Viper truck will smoke most of these gargabe cans anyhow. I know, i've done it.
Click to expand...

Only until you get to the first corner...
 
and it was the undercover sale of Chrysler to the Daimler that actually made Chrysler end up being less profitable. It wasnt just bad luck for the Germans or an unfortunate coincidence. A lot of people at Chrysler who were keeping the company in the black either left to due anger or alienation, or were asked to resign by the new owners.
 
RottenWillow said:
and it was the undercover sale of Chrysler to the Daimler that actually made Chrysler end up being less profitable. It wasnt just bad luck for the Germans or an unfortunate coincidence. A lot of people at Chrysler who were keeping the company in the black either left to due anger or alienation, or were asked to resign by the new owners.
Click to expand...
true dat
 
RottenWillow said:
and it was the undercover sale of Chrysler to the Daimler that actually made Chrysler end up being less profitable. It wasnt just bad luck for the Germans or an unfortunate coincidence. A lot of people at Chrysler who were keeping the company in the black either left to due anger or alienation, or were asked to resign by the new owners.
Click to expand...

What was "undercover" about that deal?

Apart from the claim that it was a merger of equals, when D-B were actually holding all the cards...
 
The only good thing Dodge ever did was contract out to Cummins for thier Diesel powerplant in the Heavy Duty truck lines
cause the truck sucks compared to the motor.
 
Mr. dB said:
Only until you get to the first corner...
Click to expand...


Yeah well I can burn off all 4 tires at once to the rim and this truck was voted #1 out of all vehicles for massive burnouts. At night all your going to see is a glow of purple thru a cloud of smoke and then a huge flash of cash is going to fly by. LMAO.
 
rsnoble-im-back said:
Yeah well I can burn off all 4 tires at once to the rim and this truck was voted #1 out of all vehicles for massive burnouts. At night all your going to see is a glow of purple thru a cloud of smoke and then a huge flash of cash is going to fly by. LMAO.
Click to expand...


So? What's the point of destroying your own gear?

I don't see the appeal of a fast vehicle if you can only go fast in a straight line. Short burst of speed don't impress me, attaining speed and then maintaining it are more important. Accelleration is all fine and good, but if you have to slow down to make that corner at the end of the straightaway, it's pointless.
 
It was a shame how much Chrysler brought MB down.....Glad the merger is done with....worst idea ever.....
 
jenscats5 said:
It was a shame how much Chrysler brought MB down.....Glad the merger is done with....worst idea ever.....
Click to expand...


it was actually the other way around, Jen. Chrysler was doing quite well just prior to the merger. It was the merger that caused Chrysler to tank.
 
RottenWillow said:
it was actually the other way around, Jen. Chrysler was doing quite well just prior to the merger. It was the merger that caused Chrysler to tank.
Click to expand...

Being that I worked there for 12 years, I disagree - before AND after the merger.......Chrysler was run horribly with horrible management & policies, etc....
 
i love how people bash Dodge, my viper is fuckin wicked handling, tonnes of torque and i find it comfortable, its tight fitting in the cab which makes it feel like a race car.
 
Wootoom said:
i love how people bash Dodge, my viper is fuckin wicked handling, tonnes of torque and i find it comfortable, its tight fitting in the cab which makes it feel like a race car.
Click to expand...

You think any of that reflects the rest of Dodge's product line?
 
Mr. dB said:
So? What's the point of destroying your own gear?

I don't see the appeal of a fast vehicle if you can only go fast in a straight line. Short burst of speed don't impress me, attaining speed and then maintaining it are more important. Accelleration is all fine and good, but if you have to slow down to make that corner at the end of the straightaway, it's pointless.
Click to expand...

I was making a joke Beavis. Although...............I hate circle track racing, im all about stoplight to stoplight and getting there fast.
 
Wulfgar said:
The only good thing Dodge ever did was contract out to Cummins for thier Diesel powerplant in the Heavy Duty truck lines
cause the truck sucks compared to the motor.
Click to expand...
damn straight, cummins rocks.
 
jenscats5 said:
Being that I worked there for 12 years, I disagree - before AND after the merger.......Chrysler was run horribly with horrible management & policies, etc....
Click to expand...

There were 3 or 4 people who left or were forced out after the merger that are credited with being largely responsible for the profits that made Chrysler look attractive to Daimler in the first place. I dont know anything about the general management of the company.

I'm assuming from your response you'll want those names and their respective contributions. I'll look it up again when I get home tonight.
 
RottenWillow said:
There were 3 or 4 people who left or were forced out after the merger that are credited with being largely responsible for the profits that made Chrysler look attractive to Daimler in the first place. I dont know anything about the general management of the company.

I'm assuming from your response you'll want those names and their respective contributions. I'll look it up again when I get home tonight.
Click to expand...

I probably already know/knew the names, but since I no longer work there, I don't really care at this point who they were/are. I heard lots of stories about how they got let go too, so I know the behind-the-scenes stuff.....

All I know is that DB was a great company until the merger and shacking up with Chrysler made it into a petty/BS-filled hell with all of Chrysler's BS policies & procedures that drug the entire company down with all the time wasted & unnecessary $$$ spent on BS computer programs & systems that weren't necessary....

Glad to see the merger ended, it was a bad decision from the beginning....
 
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