Comments on: Daimler says Chrysler’s value is $0

By: CanadaCraig

CanadaCraig — Sat, 25 Oct 2008 11:24:06 +0000

An odd thing to say given the fact [?] that Cerberus wants to buy Damiler’s 19.9%.

By: The Stig

The Stig — Sat, 25 Oct 2008 06:13:49 +0000

The top execs must be ramping up their golden parachute manufacturing facilities by now.

By: WAYNE WEATHERSBY

WAYNE WEATHERSBY — Fri, 24 Oct 2008 20:18:55 +0000

What a stupid article to write to begin with???What a bunch of morons……Yet Jeep is worth 8 billion on the open market?????

By: oakley198877

oakley198877 — Fri, 24 Oct 2008 19:25:55 +0000

0? sounds about right… XD

By: howsmydriving

howsmydriving — Fri, 24 Oct 2008 18:37:48 +0000

I would definitely pay $1 for a 19.9 percent ownership of Chrysler, so this story is totally inaccurate.

By: sharpie

sharpie — Fri, 24 Oct 2008 16:54:54 +0000

Let me clarify, depreciation from taxation point of view has nothing to deal with the actual value of Chrysler. This is not to say Chrysler’s value as a company did not depreciate, but not to $0 for sure.

By: sharpie

sharpie — Fri, 24 Oct 2008 16:52:52 +0000

The 19.9% Daimler owns will be capital gain if they sell it now, and it is taxable. Depreciation has nothing to deal with the actual value of Chyrsler.

By: neptronix

neptronix — Fri, 24 Oct 2008 16:16:36 +0000

.. yet, GM still needs a loan to buy chrysler…
LOL

IMHO, chrysler is worth -$234,728,1341 baztriillion gazillion

By: ricky_b

ricky_b — Fri, 24 Oct 2008 16:12:16 +0000

may just be a balance sheet, but it’s also a slap in the face kind of comment on Daimler’s part. Although looking at how “competitive” Chrysler’s products are these days, Daimler does kind of have a point.

By: TomF

TomF — Fri, 24 Oct 2008 16:05:41 +0000

It’s just balance-sheet politics. It doesn’t mean anything.

By: freeyellow2000

freeyellow2000 — Fri, 24 Oct 2008 15:52:39 +0000

Daimler should just sale his share to Nissan/Renault and be done with it..

By: Need4SSpeed

Need4SSpeed — Fri, 24 Oct 2008 15:24:47 +0000

Chrysler is worth $0 thanks to Daimler…

By: mayer_ray_nagin

mayer_ray_nagin — Fri, 24 Oct 2008 15:08:29 +0000

Chryslers may be crap, but Daimler doesn’t build much of anything too interesting either. If it weren’t for snob appeal, Daimler would be just as worthless.

By: johnnycanuck

johnnycanuck — Fri, 24 Oct 2008 14:34:58 +0000

An accurate assessment or just a case of sour schnapps? As in ‘ we were pretty much responsible for this whole debacle, so why weren’t we smart enough to bail at 2.2 billion?’

Serves the bastards right. I feel for the potentially and almost undoubtedly thousands of people who could/will lose their livelihood over this, but seeing those who are truly responsible get kneed in the financial groin provides at least some small redemption.

By: tyler_is_aero_tt

tyler_is_aero_tt — Fri, 24 Oct 2008 13:27:30 +0000

They need to learn how to build a vehicle that gets good gas mileage and scores above average on reliability.

By: edgeguy

edgeguy — Fri, 24 Oct 2008 13:11:36 +0000

LOL I would say thats a fairly accurate assessment.