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.
This sounds bass-ackwards