In a new column for BusinessWeek famous ex-Chrysler chief Lee Iacocca declares “Daimler screwed Chrysler royally” during the nine years it owned the American automaker.
Iacocca describes the sale of the Chrysler Group to Cerberus Capital Management as a “desperation sale.” He questions whether the investment group is best suited to run the company.
“The biggest fear that people have about private equity firms like Cerberus is that their basic goal is to strip and flip,” writes Iacocca. In other words, slash jobs, benefits, and products to resell the company for a large profit.
But Iacocca biggest complaints focus on Daimler’s actions that led it to this sale. “Chrysler’s merger with Daimler-Benz nine years ago was a disaster from the start. [...] Chrysler was the lowest-cost producer and the most profitable car company in the world. [...] it took Daimler less than a decade to drive Chrysler off a cliff.”
[Lee Iacocca: "Daimler Screwed Chrysler", BusinessWeek]



05/18, 3:55 PM
posted by:
rey323
To say the least. Who knows what Cerberus will do to them…
05/18, 4:09 PM
posted by:
homeboy234
HA HA STUFF CHRYSLER I SINCERLEY HOPE THEY GET DESTROYED AND MILLIONS UPON MILLIONS OF PEOPLE END UP LOSING THIER JOBS. HA HA THERE COULDNT BE A MORE DESERVING COMPANY OR PEOPLE FOR THIS TO HAPPEN TO. ROFLMFAO. HAHAHA!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
05/18, 4:23 PM
posted by:
Syrax
easy, homeboy…i think chrysler is still the best of the (not so big) big 3
05/18, 4:25 PM
posted by:
F451
Yes, and Iacocca screwed the American taxpayer royally.
05/18, 4:31 PM
posted by:
homeboy234
well syrax u still cant deny that chrysler got “royally screwed” ha ha LMFAO DOWN WITH CHRYSLER AND I HOPE MILLIONS OF REDNECKS LOSE THIER JOBS HAHA ROFLMFAO. HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !
05/18, 4:38 PM
posted by:
autonutt
Isn’t homeboy British? Does he not realize that (almost) all of his country’s automakers are owned by American or German companies?
05/18, 4:39 PM
posted by:
autonutt
…oh, and let’s not forget Malaysian-owned Lotus.
05/18, 4:44 PM
posted by:
AdamT
I hope that Chrysler can survive the sale. They’ve been among my favorites among American cars. Perhaps Cerberus will take the time to find an appropriate buyer.
Homeboy – you’re still retarded, you should see someone about that.
05/18, 4:45 PM
posted by:
jimothy
F451: Under Iacocca, Chrysler received a loan guarantee, not a loan, from the federal government. The taxpayers only would have gotten “screwed” if Chrysler defaulted on the loan, which they did not. In fact, Chrysler repaid the (private) lenders several years before the loan was due.
So, how’d the taxpayers get screwed?
05/18, 5:17 PM
posted by:
pete_test4
test
05/18, 5:17 PM
posted by:
pete_test4
test1
05/18, 5:19 PM
posted by:
homeboy234
(EDITED FOR LANGUAGE)
05/18, 5:24 PM
posted by:
MY Si
(EDITED FOR LANGUAGE)
05/18, 5:25 PM
posted by:
pete_test4
test2
05/18, 5:47 PM
posted by:
Fatstrat
Say what you want about Lee, but he knows the car business inside and out, period. Also, as much as I love Mercedes products, the bit about them running Chrysler into the ground is true. The buck stops at the desks of those in control, and Daimler was in control the whole time. I dont say that with malice, but realism. The car business is a tough racket. Any manufacturer that is on top today, could be at the bottom in a matter of months and the opposite can be true of any of the struggling companies. When you get down to it, its a big gamble. The goal is to minimize your risks. Daimler did a poor job of that. IMHO
05/18, 6:04 PM
posted by:
PrimeGTP
I’m still waiting for homeboy to post pictures of him and his LP640, lol!
05/18, 6:13 PM
posted by:
Phil
While Daimler did screw Chrysler over, if you were the head of Daimler, wouldn’t you all have done the same thing? Dieter Zetsche said in the speech regarding the sale exactly what I was thinking: that “from an objective business perspective,” this sale was the right thing to do, but that “this task was difficult for me personally, because of my experience with and commitment to Chrysler.” The idea here is that Daimler is a public company who just like any public business has to do the best it can to elevate its stock and satisfy the shareholders. Chrysler was not going to help them do that because of the company’s historic “extreme volatility” and the constant “price pressure” in the home market. The unions’ demands were not helping, either. Daimler’s corporate culture was suited to handle premium, low-volume automotive sales, not high volume sales based on thin margins. Zetsche’s kids, as a result of his time at Chrysler, go to American universities, went to a private high school in the Detroit area, have all American friends, and will probably end up contributing to the American economy and living here permanently once they get out of college. While Zetsche was in Detroit, he was very active in the Detroit area, philanthropically and otherwise. I think he’s truly sad to see Chrysler go, but when you’re wearing the business suit you sometimes just have to be a little cold and unfeeling. The sale was truly “an objective business decision.”
05/18, 6:18 PM
posted by:
Syrax
Isn’t homeboy British? Does he not realize that (almost) all of his country’s automakers are owned by American or German companies?
Comment by autonutt, posted on May18 at 4:38 pm
…oh, and let’s not forget Malaysian-owned Lotus.
Comment by autonutt, posted on May18 at 4:39 pm
don’t forget that TVR is owned by a 24yo russian.
05/18, 6:23 PM
posted by:
Syrax
27 actually. Nikolay Smolensky .
05/18, 7:07 PM
posted by:
Wickedated
TVR is no longer owned by Smolensky.
05/18, 7:37 PM
posted by:
Hal
Daimler didn’t destroy Chrysler. Daimler bought a dog at the top of the cycle and pumped in billions to replace ageing models.
05/18, 8:07 PM
posted by:
F451
@ jimothy, you are leaving out that under the government Chrysler was able to leverage creditors and pay pennies on the dollar, get rid of employees and the like—none of which could have been accomplished without the help of the American taxpayer subsidizing the “bailout” while losing the opportunity cost of using said funds for better purposes.
05/18, 8:12 PM
posted by:
Blakkarr
After the Pacifica and the LX platform, Dailmer did nothing to really move Chyrsler forward. they killed off valuable programs like the LH and NEON (love it or hate it) and overloaded the divisions with products that did not work. The Jeep Commander, Jeep Liberty (Cherokee in Europe), Jeep Compass and Dodge Caliber, The Dodge Nitro, and most obviously to perfromance fans, the Viper, were all effectively hamstrung by a company that pretty much reneged on their responsibilities as a partner and just took over and did nothing but let the company, which was on the road back to a position of strength and stability, languish.
Everyone who wants to lay the blame of Chrysler for the shape it is in now, has got almost all their facts wrongs. Daimler-Benz screwed Chrysler but not spending the money not on aging product, the LH was up for renewal, ala the 1999 Charger Concept, and it was still only 4 years old, They wanted to replace the NEON using parts from the C230 (the smallest C-class), and they were about to redo their trucks again, Daimler-Benz just refused to move the company forward, skew brand identities, Jeep with non-trail rated vehicles and two or three worthy concepts demanding to be brought to market even now as an example, cutting quality instead of raising it to gain market share, Not sharing or rather injecting fresh new better technology to raise Chrysler’s standard and capabilities.
No. every one who has been paying attention knows that Daimler-Benz just did not do their job or make the necessary adjustments to themselves, at the executive level, to make this takeover profitable. So stop with the euphemisms, Daimler-Benz was poisoning and starving an ailing patient who was on their way back to health and that is what it was.
05/18, 9:35 PM
posted by:
400horseSS
U Mean To Tell Me Its Not The Fat Lazy Overpaid Newspaper Reading Too Good Benefits Having Dont Go To Work Uaw Workers Fault ……….. Damn
05/18, 11:19 PM
posted by:
A4
homeboy is a retard
chrysler is in a way better state than.. lets see… MG, TVR, Rover (hah), Lotus (not doing so hot), uhhhhh who else? Nevermind that none of those are even UK based anymore… and what does the UK have? Bentley? no… Rolls? no…. And on top of it what british company makes cars for the masses and distributes them outside europe? uhh none? The brits cant touch anything Chrysler, GM, Ford, VW, etc. has to offer on a mass scale – regardless of financials. True British cars are a bunch of crap, and there isnt much you can do to refute that.
Also, Daimler did screw Chrysler pretty good in the long run… not much can be said as we wont know if it was their brilliance that brought back the Hemi, gave us the 300, and pulled a few other tricks – or if that all couldve been achieved on their own – but Daimler didnt do much of any good otherwise.
05/19, 7:13 AM
posted by:
homeboy234
____________________-A4, “british cars are crap????” this coming from an american???? thats a bit like hitler saying that stalin was power mad and aggressive. you of all people shouldnt even dare open your mouth and talk about crap cars since america is crap central of the world. there are several british companies which are spread out all over the world, true they may be foreign owned but they are british no matter what you or anyone else says. bristish cars are crap???? what a loser get a life
05/19, 8:21 AM
posted by:
masrkitos
A4 please grow up and learn a bit about car history.
There is much to refute that true British cars are crap, i will only say a word: Elise. You can google it since i doubt you even heard of something other than V8’s with 500hp.
05/19, 9:01 AM
posted by:
Driven
I admire everyones patriotism. Especially homeboys, as misguided as he is in his ignorance of facts and history.
05/19, 9:03 AM
posted by:
A4
(EDITED FOR LANGUAGE)
05/19, 9:07 AM
posted by:
A4
TVR’s left america cause they were crap
Esprits had poor reliability
Bentleys and Rolls’ were ticking time bombs before VW and BMW bought them
And even the previous-gen elise didnt have the best reliability ratings.
Jaguar pre-ford era? Poor reliability as well.
Masrkitos, please grow up and learn a bit about car history.
05/19, 9:08 AM
posted by:
PrimeGTP
Homeboy is going to be extremely pleased when the GM-owned, American-financed, Australian-built Vauxhall VXR-8 is running rampant all over the M highways. After all, that’s British, innit?
05/19, 9:13 AM
posted by:
homeboy234
(EDITED FOR LANGUAGE)
05/19, 9:17 AM
posted by:
Driven
I have to admit British cars – true British vehicles that are engineered and built in the UK – are barely a step above the offerings from France. The Japanese & Germans got it right. The Koreans are getting better but have a long ways to go. The Chinese will be a force to recon with in 15 years. Americans have faltered but aren’t beyond saving. The British make junk (not including namesakes that are engineered and built by Germans, etc). And the French shouldn’t even bother trying anymore. There is an exception to every rule but in general this holds true.
05/19, 9:36 AM
posted by:
WEKS
In this thread, ignorance in large quantities.
05/19, 9:48 AM
posted by:
CaptainObvious
I have to agree homeboy American cars aren’t up to the European standards but don’t all out bash them. Everyone has their own opinion, im sure people will argue American cars are up to par. American designers aren’t as talented, thats for sure. Beauty is 100%perception. What we perceive to be luxurious and sporty others can easily see as overly done. Can cars have too much horsepower? Too many options? Cost too much? Yes, because in theory: getting from point A to B doesn’t mean it has to be the nicest thing on the road. Props should go to the company that holds the title for the safest cars on the highway. Chrysler isn’t the *best* choice in automobiles but the competiton between the brands is what makes the best out of current vehicles.
05/19, 11:08 AM
posted by:
Eurolion
I guess you all forgot that the chinese bought the remnants of MG/Rover, though Ford owns the Rover name now. As for the rest, well I don’t know how reliability is measured in North America, but I can pretty much assure you that french cars are as reliable as german cars are right now, especially if you go for a diesel, which represents more than 50% of the market in many continental european countries.
05/19, 11:59 AM
posted by:
Rompn4x
American car companies might not be the most refined but they are way better then the trash that comes from the U.K. I see more Land Rovers on the side of the road then any other SUV. And yesterday I saw at two seperate locations new Benz’s (I know they are German) on the side of the road with hoods up. Real good cars huh.
05/19, 12:01 PM
posted by:
Rompn4x
American designers aren’t as talented? I beg to differ. The problem is the bean counters up in the corporate world ruin it
05/19, 12:11 PM
posted by:
1c3d0g
Hahaha…homegay234, what a dolt. Don’t forget to take your meds today, I can see it’s making you talk out of your ass again.
Syrax: you nailed it. ‘Nuff said!
05/19, 12:20 PM
posted by:
400horseSS
some how some way its the unions fault
05/19, 1:34 PM
posted by:
autonutt
I love that Blakkarr has the insider knowledge that Chrysler was planning to replace the FWD Neon with something based on RWD C-class mechanicals, but he didn’t even know the production Chrysler 300 offers a 2.7-liter V6 in its base model, which he could have discovered by simply accessing the internet.
05/19, 1:49 PM
posted by:
mlm1703
last reliability report i read had european cars in 3rd place behind 1st place asian imports and 2nd place american domestic… so euro’s are less reliable than american junk.. so they must be euro****.
05/19, 2:21 PM
posted by:
Stuart
(EDITED FOR LANGUAGE)
05/19, 2:41 PM
posted by:
homeboy234
____________Stuart I Thank you
05/19, 3:53 PM
posted by:
Blakkarr
Autonutt,
That engine is offered, but strangely I have never seen a 300 on sale or sold where I live. Of course it’s the heart of truck country and almost no body is going to take a car with such a wimpy little engine out here. The 3.5L is the, if unofficial, minimum offered. It might get more play in Europe and New England though.
Go to an actual car lot and check. You’ll likely, depending on where you are in the US, find rather few base 300s. I know their aren’t many, if any, around here. Besides which site did you check. The Corporate site only tells you what they are building not what they are selling and where.
As far as I’m concerned the base car is the touring with the 3.5L.
05/19, 3:58 PM
posted by:
Blakkarr
The “insider” information on the NEON is not so inside. It was in tuner and compact sport magazines for months before the NEON was killed. This punctuated with “Daimler Benz refused claiming they did not want to weaken the C-class brand image”. Go read some literature some time, Autonutt.
I knew that was BS because the C-Class is a total package not just the engine, which wouldn’t make it, or the Drive line, which could have easily. This was just another example of Daimler Benz not giving when they could have and should have.
05/19, 5:34 PM
posted by:
deantj
(EDITED FOR LANGUAGE)
05/19, 5:59 PM
posted by:
PrimeGTP
Blakkarr, I have to back you up on the 300’s powertrain. Aside from rental fleets, I have NEVER seen a 300 or Charger with the base 2.7L V6. As far as I’m concerned, that’s the way it should be. The 2.7L is a pathetic engine and to expect it to pull 3800lbs+ of RWD sedan with 190hp is ridiculous. The 0-60 time is something like 10/11 seconds, which is what I consider dangerous. I don’t expect everyone to want a sporty car, but ALL cars should have enough pick-up to be able to accelerate in the event of an emergency, which a 2.7L Charger/300 can not.
05/19, 6:40 PM
posted by:
A4
(EDITED FOR LANGUAGE)
05/19, 8:48 PM
posted by:
homeboy234
(EDITED FOR CONTENT)
05/19, 9:33 PM
posted by:
Veda
What’s the point of all these arguing, the bottom line is Chrysler is a company that should not even exist in the current day of automotive competition. Just cut it apart and sell the pieces.
05/19, 9:48 PM
posted by:
PrimeGTP
LOL, so now the space shuttles and 7-series Boeing jets are **** as well. Go figure.
05/20, 6:43 AM
posted by:
Stuart
What’s up with all the editting? A4 : I really wanna hear your point on why american cars are better then european especially when your name mensions a european car
05/20, 8:29 AM
posted by:
PrimeGTP
Stuart, British =/= European. Learn to read.
05/20, 8:46 AM
posted by:
Eurolion
Well, they’re not the most europeans of europeans, it’s their islander status.
05/20, 12:42 PM
posted by:
masrkitos
Are good cars made of reliability? Im talking about true great cars, the ones that live beyond their owners, like the Jag E-type or the XJ220. Like the TVR speed twelve, like the Lotus Europa, Elan or Esprit. Like the Marcos TSO, like the Aston DB1 until DB6…not mentioning Rovers or Thriumphs or Catherhams or even Atoms.
Calling true British cars crap is just plain stupid.
05/20, 12:53 PM
posted by:
PrimeGTP
Is that a joke? So good-looking cars that fall apart frequently are worthy of praise?
05/20, 1:39 PM
posted by:
Ray Sinclair
Paying 30+ billion for something that you couldn’t sell for 10 billion a whopping 9 years later? I’d say Chrysler gave the royal screw job to Daimler.
For those of you complaining that it was the product, I don’t know what to tell you. To me, Chrysler’s product is the best it has been in a very long time.
05/20, 1:42 PM
posted by:
PrimeGTP
Chrysler’s best is everyone else’s average. The only other maker they have beat is Ford.
05/20, 1:56 PM
posted by:
Stuart
PrimeGTP = You really should get some glasses and go back to school to learn how to read english. Read the blog from the beginning and you will see there are two arguments 1) the quality of british car against america (2) European cars against the american. Personally I would rather use a bike then a aamerican car. Least you could still turn corners.
p.s. Big three will be dead in a matter of years. God bless the UAW
05/20, 3:13 PM
posted by:
homeboy234
__________________________________________^ LOL Stuart, i’d rather trek through the sahara desert on foot without any water than use an american 4X4. Prime GTP if american cars are as good as you say they are then name one american car that looks good, achieves respectable mileage for a car in its class, is reasonably priced, doesnt have an interior made out of Ronald Mcdonalds shoes and handles well and is a class leader. Im Listening……………………………………………………………………………………..
05/20, 5:39 PM
posted by:
jcgeorge007
This is off topic but I just heard Bob Lutz on NPR’s Wait, wait, don’t tell me. I realized then why domestic car makers suffer. He struck me as a someone who just doesn’t get it, period. Not only did he refuse to play along in their weekly ritual of a fun, three question quiz, but debated the veracity of ‘lacrosse’ as slang. It might not be part of you 77 year old vernacular, Bob, but just because they didn’t use it in the post World War II French brothels you frequented doesn’t make it less true.
GM’s cars may be good, but everyone elses seems to be better. I guess you weren’t much of student, sport, because you’d settle for a D while everyone else gets A’s and B’s.
05/20, 8:08 PM
posted by:
kayne001
why does every car discussion turn out to be something about my country is better than yours?
Why can’t everyone play nice and not blame people all the time?
05/20, 8:08 PM
posted by:
Veda
“Is that a joke? So good-looking cars that fall apart frequently are worthy of praise?”
Certainly not in this site as the guys here can only comment on the looks given their inexperience in actually using and owning those vehicles. There are things like creature comfort and interior amenities that they completely ignore in making their purchase-less decision.
05/20, 8:10 PM
posted by:
Veda
“why does every car discussion turn out to be something about my country is better than yours?”
You should be glad the guys from China hasn’t learned to post in English yet. 5 years from now when their auto companies boom and sell, they’ll probably add more to our pointless discussions here.
05/20, 8:28 PM
posted by:
kayne001
no wonder why there will never be world peace
.
.
.
.
.
.
.
.
end rant
05/21, 12:51 AM
posted by:
spud
Oh good God, please done say that retard homeboy is a Brit. What a moron. That’s really made a good start to my week….
I could reel of a huge list of crap British cars.
I could reel of a huge list of crap U.S. cars.
Likewise I could reel off lists of great US and Brit cars. Lets get over the over-generalisations shall we kids?
Someone mention Jaguar earlier – I worked or Ford when they bought Jaguar (1991-ish), and to say Ford had a hell of a shock when they realised the lack of quality / reliability of their manufacturing is something of an understatement. The overall feeling amongst the people who knew the internals was “Oh my God what have we just bought?!” They really turned round the quality of the output (still some way to go I know) and still need to do something about the image, but if it wasn’t for Ford they would have gone under by now…
05/21, 12:53 AM
posted by:
spud
Veda – wise words. You can also add the Koreans to that list.
05/21, 3:10 AM
posted by:
fan
Iacocca maybe right in some parts, but – he too – contributed to the fall of chrysler. he got things rolling that just started the big 3s demise (not him alone, all the folk who ran the important levers in the time…)
personally, i think it a bit loudmouthed to now blame it all on daimler… plus.. they did a great job to chrysler so far, they (or rather the shareholders) didnt have patience anymore to see chrysler rise to fame…
05/21, 6:28 AM
posted by:
Get Real
Iacocca gave us garbage transmissions in the late 80’s and early 90’s.
Iacocca himself ruined Chrysler by not repairing a flawed product and driving people to Toyota and Honda.
Iacocca is irrelevant today.
Just go away old man, you had your chance and failed.
05/21, 9:45 AM
posted by:
Piablo
Iacocca is just trying to sell a book. And look at the conversation he spawned ^^^^^
Mission accomplished. State the obvious in less than diplomatic terms ~~~~ sell more books.
05/21, 10:41 AM
posted by:
MyGodBeatsYourGod
Enough with the Iacocca nostalgia…
Two words:
DODGE DYNASTY
Hello? Lido lost it after 10 years at the helm.
He got ChyCo back on it’s feet after Ricardo and the 70’s, but then he drove it to the brink in the late 1980’s too.
C-C needs to look FORWARD…
05/21, 10:48 AM
posted by:
A4
i swear your all stupid, i never said american cars were better than european cars, i just said that when it comes to mass-production and quality standards, american cars are superior to most BRITISH cars when they were still british. American cars are not better than european cars in the big picture.
05/21, 11:09 AM
posted by:
dmbpearl
Is it just me, or does it appear that homeboy and the English language are distant friends? Taking an entry level writing class may help him with not only with his writing skills, but also his severely lacking logical thinking skills as well.
You have to love it when a Brit makes a reference to Hitler, you know, the guy we stopped from killing everyone in London and taking over England. Hey, maybe homeboy would be a better writer if it was in German? Oh, and that whole America saving your ass back then… you’re welcome.
05/21, 12:01 PM
posted by:
CTS DRIVER
a4 i got what you meant, and thus far have completely avoided this subject.
spud, good job keeping a level open mind after this pile of garbage segment.
some of you guys are just too plain arrogant, its just cars morons, who cars who thinks who is better.
05/21, 12:01 PM
posted by:
shahedc
>> i will only say a word: Elise. You can google it since i doubt you even heard of something
>> other than V8’s with 500hp.
>> Comment by masrkitos, posted on May19 at 8:21 am
masrkitos,
the Elise uses an engine made by Toyota, a Japanese company.
~shahedc
.
05/21, 12:02 PM
posted by:
shahedc
p.s. we need to accept the fact that, in this global economy, you can’t just have a plain “American” or “British” company. Let’s just appreciate the good products that come out of these hybrid companies!
~shahedc
.
05/21, 12:09 PM
posted by:
homeboy234
______________________dmbpearl, so if im incapable of speaking the english language then what language am i speaking now then?? spanish???
05/21, 12:21 PM
posted by:
Mitch Bangowitz
“For those of you complaining that it was the product, I don’t know what to tell you. To me, Chrysler’s product is the best it has been in a very long time.”
Yeah… instead replacing your steering rack and transmission every 3 years, now it’s every 4 years!
05/21, 12:33 PM
posted by:
Piablo
Did the editor of this site call out sick or what? Where in hell is some new news so we can get past this overdiscussed topic?
05/21, 1:38 PM
posted by:
PrimeGTP
Shahedc is 100% correct, there really aren’t any “American”, “Japanese”, or “European” automakers anymore. Chrysler was German until a week ago, GM is a global effort of American/Australian/Korean/German/etc operations, Ford is a American company working heavily with Europe and practically owned the entire British car industry for a while. Nissan and Renault are a combination of French and Japanese influences. Almost all the Japanese companies are working with the Koreans now. I could go on for a while.
05/21, 1:55 PM
posted by:
spud
Not 100% sure now, but certainly 5 or 6 years ago, the largest (by # of units sold) 100% British manufacturer (i.e. owned and manufactured in Britain, which discounts jaguar, rover, aston etc etc) was LTI – a taxi manufacturer. Something to be proud of
whatever happened to our ONCE great motor industry… (sob sob)…
05/21, 5:44 PM
posted by:
CTS DRIVER
primegtp just perfectly summed up the global auto industry.
nice post.
05/21, 11:55 PM
posted by:
A4
hahaha^
05/22, 10:32 AM
posted by:
Get Real
Very funny Mitch, but true.
My LH car was horrible, I sold it before I found out the body mounts for the engine cradle go bad, and it’s big bucks to replace.
Everything, and I mean EVERYTHING will break on a Chrysler product.
Buy one, help the USA remain uncompetative.
05/22, 3:59 PM
posted by:
ml350pc
Iacocca is right, Daimler gutted development budgets, and drove a lot of talent out of Chrysler (i.e. look at the positive influence Lutz has had at GM) Consequently, Daimler can only blame themselves for an investment the cost more than $30Bn, and sold it for slightly more than $7Bn with strings. Way to go Doctor Z.
05/24, 7:28 AM
posted by:
rodeo40
This from the designer of the K-car ladies and gentlemen!
05/25, 3:30 PM
posted by:
Fatstrat
Lee did more than the K-car, which was a financial success to mopar if nothing else.
He also had a hand in the inception of the Mustang which seems to be a bit of a success.
Like I mentioned earlier in the thread, the car business is a tough one.