They haven't held it for 10 years yet!

DaimlerChrysler is said to be spinning off Chrysler...

[weeks]

According to the WSJ, "financial analysts have speculated that Chrysler has a value of about $5 billion. It had a value of about $35 billion in the 1998 merger that formed DaimlerChrysler."

Hey, what's $30 billion among friends, eh?

[jsinger]

That was brilliant compared with Verisign's $21 billion acquisition of Network Solutions. Went poof! in about two years

Kind of a shame that X10 never went public. That IPO was halted at the last second.

[Rugles]

>>>>Chrysler has a value of about $5 billion

If that is all they want for it, the union should buy it.

This whole problem with the US automakers is odd. GM was the first one to hit the panic button, they are almost out of the woods already. Now the other two look lost and are facing a much bigger hurdle.

[lgn1]

I saw this in the 70's with the large cars that drank huge amount of fuel.

You think, they would learn, or at least look at the asian auto makers, for trends.

And they pay the EO's CEO's of Ford and Chrysler how much for being forward thinking :)

[jsinger]

And they pay the EO's CEO's of Ford and Chrysler how much for being forward thinking :)

Problem, as I understand it, is mostly how much they're paying people who haven't worked in years. Retirees.

Big vehicles have kept Detroit going. Trucks. SUVs. Minivans. Chrysler makes a fortune on every Hemi engine it sells. (according to the WSJ)

[Rugles]

Ya, that is the thing. They make big vehicles because people want them. Then when the price of gas skyrockets people switch to smaller vehicles and the US automakers are not prepared. But Toyota is ready to fill the need.

[weeks]

I read that the US auto makers lose money on their small cars--the larger cars and trucks are the big profit items. I see that Toyota has reworked its full-size pickup truck to go after Ford and GM.