BAR wrote:
Boater wrote:
BAR wrote:
Boater wrote:
Canuck57 wrote:
"Boater" wrote in message
...
Chrysler says to shut down all production for month
Wed Dec 17, 2008 6:27pm EST

DETROIT (Reuters) - Citing a credit crisis and dwindling sales,
Chrysler LLC on Wednesday said it would shut down all of its
manufacturing operations from the end of this week for at least a
month.

The blanket shutdown marked a deepening of the financial crisis
for the embattled U.S. auto industry and came as Chrysler and its
larger rival General Motors Corp both seek to shore up cash as
they seek a federal bailout they say they need to survive.

Chrysler, considered the weakest of the Detroit automakers, made
the announcement on its plant shutdown in a letter sent on
Wednesday to its employees, suppliers and the United Auto Workers
union that was also posted on its website.

Chrysler said its dealers were getting car shoppers into showrooms
but losing between 20 percent and 25 percent of those potential
sales because of the lack of consumer financing for new car
purchases.

They are only weak because Cerberus took the cash out now wants to
pawn the dog on the US tax payers.

http://www.businessweek.com/bwdaily/...n_id=rss_daily


Now I wonder what happened to that $11 billion on Chrylsers books
in October? After all that is why GM wanted to merge.

Hint, this is a FRAUD scam on US citizens!!!

The idea all along for Cerberus was to buy Chrysler, strip it's
valuable assets for billions of profits up until earlier this year,
then repackage the dog parts and dump it on main street.


Isn't that the modern MBA Way?

That has been a problem for about 25 years. Company shouldn't have
war chests that big. Too ripe for a take-over. Use the cash to pay
off the acquisition and sell the high value parts for the most you
can get and sell whats left for whatever anyone will offer. You will
usually walk away putting money into your friends hands and putting a
pretty penny in your pocket too.


Idiot.

If a company has $5 billion in revenue and has $3 billion cash in the
bank and has a market cap of $10 billion it is ripe for a takeover.


Even if your numbers are correct, they are still a private company.

D K wrote:
BAR wrote:
Boater wrote:
BAR wrote:
Boater wrote:
Canuck57 wrote:
"Boater" wrote in message
...
Chrysler says to shut down all production for month
Wed Dec 17, 2008 6:27pm EST

DETROIT (Reuters) - Citing a credit crisis and dwindling sales,
Chrysler LLC on Wednesday said it would shut down all of its
manufacturing operations from the end of this week for at least a
month.

The blanket shutdown marked a deepening of the financial crisis
for the embattled U.S. auto industry and came as Chrysler and its
larger rival General Motors Corp both seek to shore up cash as
they seek a federal bailout they say they need to survive.

Chrysler, considered the weakest of the Detroit automakers, made
the announcement on its plant shutdown in a letter sent on
Wednesday to its employees, suppliers and the United Auto Workers
union that was also posted on its website.

Chrysler said its dealers were getting car shoppers into
showrooms but losing between 20 percent and 25 percent of those
potential sales because of the lack of consumer financing for new
car purchases.

They are only weak because Cerberus took the cash out now wants to
pawn the dog on the US tax payers.

http://www.businessweek.com/bwdaily/...n_id=rss_daily


Now I wonder what happened to that $11 billion on Chrylsers books
in October? After all that is why GM wanted to merge.

Hint, this is a FRAUD scam on US citizens!!!

The idea all along for Cerberus was to buy Chrysler, strip it's
valuable assets for billions of profits up until earlier this
year, then repackage the dog parts and dump it on main street.


Isn't that the modern MBA Way?

That has been a problem for about 25 years. Company shouldn't have
war chests that big. Too ripe for a take-over. Use the cash to pay
off the acquisition and sell the high value parts for the most you
can get and sell whats left for whatever anyone will offer. You will
usually walk away putting money into your friends hands and putting
a pretty penny in your pocket too.


Idiot.

If a company has $5 billion in revenue and has $3 billion cash in the
bank and has a market cap of $10 billion it is ripe for a takeover.


Even if your numbers are correct, they are still a private company.

Market capitalization would mean it had a value in the public market.

BAR wrote:
D K wrote:
BAR wrote:
Boater wrote:
BAR wrote:
Boater wrote:
Canuck57 wrote:
"Boater" wrote in message
...
Chrysler says to shut down all production for month
Wed Dec 17, 2008 6:27pm EST

DETROIT (Reuters) - Citing a credit crisis and dwindling sales,
Chrysler LLC on Wednesday said it would shut down all of its
manufacturing operations from the end of this week for at least
a month.

The blanket shutdown marked a deepening of the financial crisis
for the embattled U.S. auto industry and came as Chrysler and
its larger rival General Motors Corp both seek to shore up cash
as they seek a federal bailout they say they need to survive.

Chrysler, considered the weakest of the Detroit automakers, made
the announcement on its plant shutdown in a letter sent on
Wednesday to its employees, suppliers and the United Auto
Workers union that was also posted on its website.

Chrysler said its dealers were getting car shoppers into
showrooms but losing between 20 percent and 25 percent of those
potential sales because of the lack of consumer financing for
new car purchases.

They are only weak because Cerberus took the cash out now wants
to pawn the dog on the US tax payers.

http://www.businessweek.com/bwdaily/...n_id=rss_daily


Now I wonder what happened to that $11 billion on Chrylsers books
in October? After all that is why GM wanted to merge.

Hint, this is a FRAUD scam on US citizens!!!

The idea all along for Cerberus was to buy Chrysler, strip it's
valuable assets for billions of profits up until earlier this
year, then repackage the dog parts and dump it on main street.


Isn't that the modern MBA Way?

That has been a problem for about 25 years. Company shouldn't have
war chests that big. Too ripe for a take-over. Use the cash to pay
off the acquisition and sell the high value parts for the most you
can get and sell whats left for whatever anyone will offer. You
will usually walk away putting money into your friends hands and
putting a pretty penny in your pocket too.


Idiot.

If a company has $5 billion in revenue and has $3 billion cash in the
bank and has a market cap of $10 billion it is ripe for a takeover.


Even if your numbers are correct, they are still a private company.

Market capitalization would mean it had a value in the public market.


Where did you get those numbers? They are privately held.