Article on how bad the head guy at DCX sucks...
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Article on how bad the head guy at DCX sucks...
http://www.detnews.com/2003/insiders...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.
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.
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Originally posted by SNEAKY NEIL
So GM and Ford's stock dropped 2/3 in that same period?
So GM and Ford's stock dropped 2/3 in that same period?
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
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
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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
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
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
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
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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).
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Originally posted by guionM
And the trial begins!
http://www.detnews.com/2003/autosins...a01-335875.htm
And the trial begins!
http://www.detnews.com/2003/autosins...a01-335875.htm
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