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Strategies & Market Trends : ahhaha's ahs -- Ignore unavailable to you. Want to Upgrade?

To: ahhaha who wrote (1246)	2/27/2001 3:53:56 PM
From: Elsewhere	Read Replies (2) \| Respond to of 24758

"I predict that Daimler-Chrysler will go bankrupt." Schrempp is a good crash pilot, he already managed to first initiate the Fokker acquisition and to terminate it later, an error on the billion USD scale. Chrysler might be the next order of magnitude he manages to reach. So, yes, the C part might be closed ultimately but Daimler (read: Mercedes) will survive.

To: ahhaha who wrote (1246)	11/30/2001 12:07:32 PM
From: Elsewhere	Read Replies (2) \| Respond to of 24758

<I predict that Daimler-Chrysler will go bankrupt.> DCX bets $30 billion in favor of a C survival. biz.yahoo.com Thursday November 29, 4:46 pm Eastern Time Schrempp Shuns No-Interest Financing DaimlerChrysler Chairman Jurgen Schrempp Says He's No Fan of No-Interest Financing By NEDRA PICKLER Associated Press Writer WASHINGTON (AP) -- DaimlerChrysler AG [NYSE:DAJ] chairman Jurgen Schrempp isn't a fan of the no-interest financing that Chrysler and other U.S. automakers are offering on new vehicles. ``If I were the only manufacturer in the United States, I wouldn't have started this,'' he told the United States Chamber of Commerce Thursday. ``But unfortunately, that is not the case.'' Chrysler followed General Motors Corp. and Ford Motor Co. [NYSE:F] in offering zero-percent financing to boost sales after the terrorist attacks. Schrempp said it will be difficult to get out of the financing deals. He said Chrysler will reduce its offer once profit margins are healthy again. The deal drove up sales 27 percent last month over October 2000, but analysts say it has cost the companies millions in lost profits and stolen future sales from next year. ``History will tell whether in those very difficult moments here in this country -- from a purely business, bottom-line point of view -- (the financing deal) might not have been the proper approach,'' he said. The offers were supposed to expire on Halloween, but the automakers have extended them twice. Chrysler's will be good through Jan. 8, Ford's through Jan. 14 and GM's through Jan. 2. Chrysler's offer applies to all Chrysler, Dodge and Jeep vehicles except the Chrysler PT Cruiser, Chrysler Prowler, Dodge Viper, Jeep Liberty and all Chrysler and Dodge e-minivans. An analysis by Autodata showed Chrysler spent an average of $2,682 per vehicle on incentives last month. While he was in Washington for the speech, Schrempp also met with government officials, including Secretary of State Colin Powell and Treasury Secretary Paul O'Neill. He said O'Neill was more optimistic about the future of the automotive industry than he was, and he hopes the secretary is right. But he refused to answer questions about whether the hard economic times would cause DaimlerChrysler to change its restructuring plans. He said DaimlerChrysler plans to invest more than $30 billion in the United States in the next five years, evidence of its commitment to the partnership created by the 3-year-old merger of Germany's Daimler-Benz and America's Chrysler Corp. Schrempp told the Chamber that globalization will continue in the wake of the terrorist attacks. ``Terrorism of the kind experienced on Sept. 11th will impact, but I say temporarily, on the spirit of globalization,'' he said. ``But it is an aberration that will be stamped out. In the interim we will not allow this deviant behavior to damage our best efforts to build a better world.'' He said global companies must do a better job of explaining the benefits of globalization to its critics. And he said leaders in international business must do more to support emerging economies. On the Net: daimlerchrysler.com