Chrysler group for sale?
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From: Chicagoland IL
Chrysler group for sale?
From AN:
Chrysler group for sale? 'We don't exclude anything,' CFO says
Bradford Wernle
Is the Chrysler group for sale? During a presentation to analysts and journalists today, DaimlerChrysler CFO Bodo Uebber refused to rule out the sale or spinoff of its unprofitable Chrysler group.
"We don't exclude anything here," including structural changes, Uebber said during his third-quarter earnings teleconference today. "We will do our analysis. Second, we will talk about measures. And third, we will draw our conclusions."
Asked again whether DaimlerChrysler has put the Chrysler group up for sale, Uebber repeated the same answer without giving a yes or no. "I don't do any speculation," he said.
Chrysler group losses dragged down DaimlerChrysler's third-quarter financial results. The Chrysler group lost $1.47 billion, down from a $393 million profit for the same period a year ago.
The company predicts Chrysler will lose $1.2 billion in 2006. DaimlerChrysler posted quarterly net income of $680 million and projects a companywide operating-profit target of $6.29 billion for the full year.
The Chrysler group's loss overshadowed a rebound at the Mercedes Car Group, whose quarterly operating profit rose to $1.24 billion.
DaimlerChrysler has assigned a team of senior executives to study seven major facets of the Chrysler group's business. The teams have been asked to improve margins by $1,000 per vehicle. Officials declined to give a timetable for the internal study.
Chrysler group for sale? 'We don't exclude anything,' CFO says
Bradford Wernle
Is the Chrysler group for sale? During a presentation to analysts and journalists today, DaimlerChrysler CFO Bodo Uebber refused to rule out the sale or spinoff of its unprofitable Chrysler group.
"We don't exclude anything here," including structural changes, Uebber said during his third-quarter earnings teleconference today. "We will do our analysis. Second, we will talk about measures. And third, we will draw our conclusions."
Asked again whether DaimlerChrysler has put the Chrysler group up for sale, Uebber repeated the same answer without giving a yes or no. "I don't do any speculation," he said.
Chrysler group losses dragged down DaimlerChrysler's third-quarter financial results. The Chrysler group lost $1.47 billion, down from a $393 million profit for the same period a year ago.
The company predicts Chrysler will lose $1.2 billion in 2006. DaimlerChrysler posted quarterly net income of $680 million and projects a companywide operating-profit target of $6.29 billion for the full year.
The Chrysler group's loss overshadowed a rebound at the Mercedes Car Group, whose quarterly operating profit rose to $1.24 billion.
DaimlerChrysler has assigned a team of senior executives to study seven major facets of the Chrysler group's business. The teams have been asked to improve margins by $1,000 per vehicle. Officials declined to give a timetable for the internal study.
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Joined: Aug 2002
Posts: 3,650
From: Indianapolis, IN
It is sad to see that they are losing money now, which is a turnaround from a few years back when M-B was losing and Chrysler was earning (as others have stated). Keep buying those flocking Toyotas, America... 
On the other hand, a part of me would love for Chrysler to be independent again. Of course, DCX would keep all the stuff they bought with the cash Chrysler had built up before the "merger" ...
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On the other hand, a part of me would love for Chrysler to be independent again. Of course, DCX would keep all the stuff they bought with the cash Chrysler had built up before the "merger" ...
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Posts: 3,748
From: New England
my thoughts exactly??? 25% more Toyotas than last year?? is that possible???
are peoplethat brainwashed??
and the thing is I see DCX stuff all over the place..the Caliber, the 300 and the sister cars..and they are doing that bad??
are peoplethat brainwashed??
and the thing is I see DCX stuff all over the place..the Caliber, the 300 and the sister cars..and they are doing that bad??
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Joined: Nov 2000
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From: Chicagoland IL
Registered User
Joined: Aug 2002
Posts: 3,650
From: Indianapolis, IN
All of me would love it if they were still independent, but I have reservations about their future if that were to happen (reference my Toyota comment above...)
