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Business Stories

Monday, 14 May, 2007
  1. For the first time people have purchased more clothes over the internet than computer related stuff. It only makes sense because people using the internet already have computers.
  2. Cerebus Group, a UK-based “vulture capitalist” investment group is going to buy the Chrysler brands from the renamed Daimler-Benz A.G. It is unclear at this time which properties they are getting. The fine print hints that they will divest the company of its various assets and dissolve the corporation.

    I’m shocked that Magna isn’t getting it. This may effect Daimler’s long-standing relationship with Magna.

      My inevitably inaccurate predictions:

    • Chrysler Financial goes to GMAC, which Cerebus owns more of than GM.
    • Jeep goes to GM
    • Dodge goes to Ford, who doesn’t have a “sporty” division. The advertising will mention that the Dodge Bros. built engines for Henry’s first cars.
    • Chrysler, the brand and car models, goes to Volkswagen and becomes their entry-luxury division. They share some facilities in South America anyway.
    • Freightliner, Sterling and Western Star go to either Renault Truck or Volvo AB.
    • Some company in the contract manufacturing business buys the Mopar name, and uses it for a line of auto parts.
    • Detroit Diesel either becomes independent or part of Navistar.
    • Hyundai-Kia buys a classic marque and it becomes their premium division. Desoto, Hudson, Nash, etc.

People suck.

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