Article on how bad the head guy at DCX sucks...

http://www.detnews.com/2003/insiders/0307/29/b01-230354.htm

The company made 109 million euros ($125 million) for the quarter, compared with 1.1 billion euros a year earlier. True, it has been a bad quarter for the European car industry generally. Volkswagen AG and PSA Peugeot Citroen have both reported poor results. Even so, Daimler has performed worse than most of its peers and it has lost about a fifth of its value.

Its shares now stand at just 31 euros, compared with about 95 euros at their peak in 1999. DaimlerChrysler now has a market value of almost 32 billion euros, which is close to the price tag of about $36 billion in stock that Schrempp paid for Chrysler back in 1998.

Essentially, Schrempp took the whole value of the old Daimler business -- including Mercedes cars and trucks and a big chunk of Airbus SA -- and made it disappear.

Interesting ....DCX stock pretty much mirroring what GM and Ford stock did in the same time period.

So GM and Ford's stock dropped 2/3 in that same period?

http://finance.yahoo.com/q?s=GM&d=c&k=c1&c=dcx&a=v&p=s&t=5y&l=off&z=m&q=l

Originally posted by SNEAKY NEIL
So GM and Ford's stock dropped 2/3 in that same period?

GM was in the low $90's in 99 is now mid $30's

Ford was in the mid $30's in 99 is now just over $10 ...and was much lower not too long ago.

It's not difficult to form an opinion ...and then find statistics to back it up:rolleyes:

Who knows, perhaps the worst of the integration is behind DCX, and Chrysler/Dodge will take the North American market by storm with the new family of RWD offerings and make Schremmp look like a genius. Stranger things have happened :D

Originally posted by poSSum
GM was in the low $90's in 99 is now mid $30's

Ford was in the mid $30's in 99 is now just over $10 ...and was much lower not too long ago.

It's not difficult to form an opinion ...and then find statistics to back it up:rolleyes:

Who knows, perhaps the worst of the integration is behind DCX, and Chrysler/Dodge will take the North American market by storm with the new family of RWD offerings and make Schremmp look like a genius. Stranger things have happened :D

I think thier new RWD cars won't be nearly as attainable as teh current LH cars because they will cost more...

Not too much more. The big jump will be the new 300. The PVO worked models will have a good premium attached, and if they ever get their coupe, it may run 10% over current Mustang prices, but the bread & butter cars (re: regular Dodge) will be only modestly more).

And the trial begins!

http://www.detnews.com/2003/autosinsider/0311/26/a01-335875.htm

Originally posted by guionM
And the trial begins!

http://www.detnews.com/2003/autosinsider/0311/26/a01-335875.htm

This is nothing new. Has been in the works for atleast a month, though those were just talks.

Schrempp is running DCX into the ground??? OMFG!!

Next thing you know the Detroit news will be telling us is the pope is catholic.