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Non-Tech : Chrysler-Daimler -- Ignore unavailable to you. Want to Upgrade?


To: Kevin who wrote (20)8/27/1998 6:01:00 PM
From: Sundar Rajan  Respond to of 32
 
maybe because of benz's exposure to russia?also the german market fell hard and so did DAI.



To: Kevin who wrote (20)8/27/1998 6:29:00 PM
From: freeus  Read Replies (1) | Respond to of 32
 
Daimler fell hard too.
Daimler announced a $1 billion debt issue to pay off other debts. Maybe that is seen as bearish. Also Volkswagen got approval from the European Community to purchase Rolls Royce. I'm not sure I see a connection because it seems that that would be a very different customer base but maybe its seen as weakening DAI and C. It was pretty bad out there for C today.
Freeus