Chrystler Math..?

The announcement of the sale of Chrystler is no suprise. But they said
it was purchased for 36 billion 9 years ago and sold for a little over 7
billion?? How is that possible..? Am I missing something. That is a huge
loss...

I don't know why mercedes got into bed with that trash in the first
place. You lay down with the dogs and you wake up with transmission
problems...

Charles

I keep seeing crystal meth...


as for losses and such.. I am confused where you got that...

I don't see how they could have gotten that big of a loss....

"Charles Pisano" <pisanochas (AT) webtv (DOT) net> wrote

The announcement of the sale of Chrystler is no suprise. But they said
it was purchased for 36 billion 9 years ago and sold for a little over 7
billion?? How is that possible..? Am I missing something. That is a huge
loss...

I don't know why mercedes got into bed with that trash in the first
place. You lay down with the dogs and you wake up with transmission
problems...

Charles

Charles Pisano wrote:

The announcement of the sale of Chrystler is no suprise. But they said
it was purchased for 36 billion 9 years ago and sold for a little over 7
billion?? How is that possible..? Am I missing something. That is a huge
loss...

DiamlerChrysler still has 19.9% of Chrysler. But, all of the $7 billion
went to support the operations of Chrysler. In addition, Diamler
Chrysler put some its own money in to support the company. And made a
$400 million loan to Chrysler. All in all, instead of have $7 billion
going into DiamlerChrysler's coffers, there was a total of $758 million
or so going into Chrysler's coffers from Diamler Chrysler's coffers. It
was like DiamlerChrysler was paying the private equity firm $768 million
or so to take Chrysler off their hands (including something like $13
billion in pension and health care libability).

Jeff

I don't know why mercedes got into bed with that trash in the first
place. You lay down with the dogs and you wake up with transmission
problems...

Charles

On May 14, 7:20 pm, pisanoc... (AT) webtv (DOT) net (Charles Pisano) wrote:

The announcement of the sale of Chrystler is no suprise. But they said
it was purchased for 36 billion 9 years ago and sold for a little over 7
billion?? How is that possible..? Am I missing something. That is a huge
loss...

I don't know why mercedes got into bed with that trash in the first
place. You lay down with the dogs and you wake up with transmission
problems...

Charles

try to BUY AMERICAN then sell it after 3 years - you will incur a
similar loss ( percentage wise) hehehe

You're not missing anything. You heard correctly.
I was listening to a report on Bloomberg radio last night. They took the
loss because it was cheaper than being on the hook for health care costs and
other benefits for the employees.
"Charles Pisano" <pisanochas (AT) webtv (DOT) net> wrote

The announcement of the sale of Chrystler is no suprise. But they said
it was purchased for 36 billion 9 years ago and sold for a little over 7
billion?? How is that possible..? Am I missing something. That is a huge
loss...

I don't know why mercedes got into bed with that trash in the first
place. You lay down with the dogs and you wake up with transmission
problems...

Charles

"tom418" ...

I was listening to a report on Bloomberg radio last night. They took the
loss because it was cheaper than being on the hook for health care costs
and
other benefits for the employees.

http://cagle.com/working/070514/sheneman00.gif

Natalie

*snip*

WOw.. and I felt bad about my Lebaron..

The Germans must have been on Crystal meth when then did the deal 9
years ago..

"Charles Pisano" <pisanochas (AT) webtv (DOT) net> wrote

WOw.. and I felt bad about my Lebaron..

The Germans must have been on Crystal meth when then did the deal 9
years ago..

They had 9 years to set things right. Apparently they are not as smart as
they thought they were.

Ed

"Charles Pisano" <pisanochas (AT) webtv (DOT) net> wrote

WOw.. and I felt bad about my Lebaron..

The Germans must have been on Crystal meth when then did the deal 9
years ago..

When I first met my wife, she had a LeBaron GTS as a company car. It seemed
like a nice car until we got married. The driver's inner door panel fell
off, the carpeted Masonite on the side of the center console fell off, and
the car started idling at about 2500 RPM so she had to ride the brakes
whenever she wanted to go less than 30 MPH. Of course the brake rotors
warped so they had to be changed. She took it to a Chrysler dealer, who
couldn't figure out why it idled so fast, I took it to 2 Chrysler/Toyota
dealers in my district who couldn't figure it out, then I just fixed it
myself. I made an idle speed control valve taker outer by removing the
porcelain from an old spark plug and cutting the sleeve.

After she was done with that car, she was able to get a car allowance form
her company and we used it for an employee lease car for her.
--

Ray O
(correct punctuation to reply)

Charles Pisano wrote:

The Germans must have been on Crystal meth when then did the deal 9
years ago..

Mergers usually fail, unless the companies are either 100% alike (Like
Mobil and Exxon)or 100% different.