DaimlerChrysler is looking to potentially sell ailing U.S. automaker Chrysler, spin the unit off to existing shareholders, get involved with strategic alliances and joint ventures to cut costs and expand sales, and/or restructure the company once again, according to The Wall Street Journal. Chrysler was valued at $35 billion in 1998 when Daimler-Benz AG merged with Chrysler to form DaimlerChrysler. Today, analysts put the price tag for Chrysler around $5 billion.
Monday, February 19, 2007
CHRYSLER: $35 BILLION IN 1998 TO $5 BILLION IN 2007
DaimlerChrysler is looking to potentially sell ailing U.S. automaker Chrysler, spin the unit off to existing shareholders, get involved with strategic alliances and joint ventures to cut costs and expand sales, and/or restructure the company once again, according to The Wall Street Journal. Chrysler was valued at $35 billion in 1998 when Daimler-Benz AG merged with Chrysler to form DaimlerChrysler. Today, analysts put the price tag for Chrysler around $5 billion.
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