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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (88231)	1/11/2001 12:22:33 AM
From: mishedlo	Read Replies (1) of 132070

DaimlerChrysler says its net cash fell to ZERO msnbc.com DETROIT, Jan. 10 — DaimlerChrysler AG said Wednesday that its industrial net cash reserves ran out in the fourth quarter. THE COMPANY told analysts at a presentation during this week’s North American International Auto Show here that its industrial net liquidity fell to zero at the end of the fourth quarter from six billion euros ($5.67 billion) at the end of the third quarter. Investors had expected the company’s cash reserves to decline during the quarter, due primarily to problems at the company’s Chrysler unit, but the magnitude of the drop came as a surprise. ===================== More in the link

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