Chrysler
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Joined: Oct 2005
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From: Huntsville, AL
Chrysler
http://www.washingtonpost.com/wp-dyn...l?hpid=topnews
Cerberus's Sharp-Toothed Ways
Firm Has History Of Turnarounds Fueled by Cuts
By Frank Ahrens
Washington Post Staff Writer
Tuesday, May 15, 2007; Page D01
In more than a decade of buying into down-and-out companies across three continents, Cerberus Capital Management has applied a similar strategy to most of its targets: cut, cut and cut some more.
Now Chrysler is set to join a list of acquisitions that includes long-haul trucker Fruehauf, Air Canada and lingerie maker Frederick's of Hollywood. Many of those companies have experienced turnarounds under Cerberus's slashing ways, but not without pain. . . .
Let's see:
Bob Wilson
Cerberus's Sharp-Toothed Ways
Firm Has History Of Turnarounds Fueled by Cuts
By Frank Ahrens
Washington Post Staff Writer
Tuesday, May 15, 2007; Page D01
In more than a decade of buying into down-and-out companies across three continents, Cerberus Capital Management has applied a similar strategy to most of its targets: cut, cut and cut some more.
Now Chrysler is set to join a list of acquisitions that includes long-haul trucker Fruehauf, Air Canada and lingerie maker Frederick's of Hollywood. Many of those companies have experienced turnarounds under Cerberus's slashing ways, but not without pain. . . .
- Hybrids on the lot, profitable company - Toyota
- Fewer hybrids on the lot, profitable company
- One model hybrid on the lot, surviving company
- One model, light-weight hybrid on lot, surviving company
- No hybrids on the lot -- Chrysler
Bob Wilson
Banned
Joined: Apr 2005
Posts: 3,155
From: Lewisville (Dallas), Texas
Re: Chrysler
Some think Cerberus is just going to milk whatever value Chrysler has left, then throw it away. 
See http://www.msnbc.msn.com/id/18665395/site/newsweek/
See http://www.msnbc.msn.com/id/18665395/site/newsweek/
Ridiculously Active Enthusiast
Joined: Jul 2006
Posts: 1,197
From: Lehigh Valley, PA
Re: Chrysler
"... Gettelfinger holds a big trump card with the $18 billion in health and pension costs Cerberus agreed to take off Daimler’s hands. "
"Then it will likely put a smaller, more profitable player back in the public domain through an initial public offering of stock. “
Let's see, they will IPO Jeep as a separate spin-off. Possibly, Dodge too. Neither leaving with any of the heavy load of that $18 billion. That would leave what remains of Chrysler with all of the liability. Then, suddenly, Chrysler will close it doors, and all of that $18 billion will just vanish.
"Then it will likely put a smaller, more profitable player back in the public domain through an initial public offering of stock. “
Let's see, they will IPO Jeep as a separate spin-off. Possibly, Dodge too. Neither leaving with any of the heavy load of that $18 billion. That would leave what remains of Chrysler with all of the liability. Then, suddenly, Chrysler will close it doors, and all of that $18 billion will just vanish.
Ridiculously Active Enthusiast
Joined: Jul 2006
Posts: 1,197
From: Lehigh Valley, PA
Re: Chrysler
Pretty Darn Active Enthusiast
Joined: Nov 2006
Posts: 264
From: Finger Lakes Region NY
Re: Chrysler
All Chrysler commercials on TV are aimed squarely at second-graders.
How about aiming just a bit higher? And while they are at it, they can fire their board of directors and get some people in there who have a clue.
Harry
How about aiming just a bit higher? And while they are at it, they can fire their board of directors and get some people in there who have a clue.
Harry
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