Originally Posted by antonio311
Yes its about 19.8 % that Daimler still holds of Chrysler. Cerberus holds the other 80 %. Daimler was the worst possible thing that happened to Chrysler. When they merged Daimler was in financial trouble & Chrysler was the most profitable car company on the planet (even more so than Toyota is today). Also Chrysler had about 9 billion dollars in the bank, that Daimler basically stole and used to strengthen their financial health, and the money was supposed to be used for future Chrysler product & R&D. Daimler basically looted chrysler for their technology & cash & cheapened Chryslers products, as not compete with Daimler products. Basically the only good thing that came from that "merger" is the crossfire! I hope Cerberus buy's out the remaining 19.8% because Cerberus actually wants Chrysler to be competitive, unlike Daimler. I'm also on the Chrysler advisory board, and there's lots of new and exciting things happening with the new Chrysler.
I noticed that Diamler kept the truck (Freightliner) division. Was that a good or bad thing for chrysler/Cerberus?
roadster with a stick