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Old November 26th 08, 09:29 PM posted to rec.autos.makers.chrysler
Lloyd[_2_]
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Posts: 336
Default Funny from the Onion

On Nov 26, 1:52*pm, Steve > wrote:
> Lloyd wrote:
> >http://www.theonion.com/content/info...ndustry_crisis

>
> "Having meticulously crafted the 1998 Dodge Dakota to boast
> best-in-class payload and towing capacity, Chrysler decides to rest on
> its laurels for the next decade"
>
> Actually, what Chrysler spent the next decade doing was trying to get
> Daimler's dic^H^H^H^ hand out of its ass^H^H^H pockets.


From BusinessWeek:

"Far from being the perfect hedge, Chrysler proved to be a massive
rescue job that sucked up billions and absorbed German management for
years."

"Soon the Germans discovered that Chrysler, which has a long history
of boom-and-bust cycles, was in much worse shape than they
anticipated. It spun deeply into crisis in 2000, racking up $4.7
billion in operating losses the following year alone. Mercedes had to
make the ultimate sacrifice, squeezing its own costs to pump out
better profits for the group."
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