Date:         Thu, 25 Aug 2005 11:01:02 +1200
Reply-To:     Andrew Grebneff <andrew.grebneff@STONEBOW.OTAGO.AC.NZ>
Sender:       Vanagon Mailing List <vanagon@gerry.vanagon.com>
From:         Andrew Grebneff <andrew.grebneff@STONEBOW.OTAGO.AC.NZ>
Subject:      Re: Diamler chrysler vw...
In-Reply-To:  <BF31EE14.39E2%camper@tactical-bus.info>
Content-type: text/plain; format=flowed; charset=us-ascii

>When that merger was going on I was watching a lot of the european accounts
>because  the US papers were not being told much.  It was interesting to
>watch.  It was going to be a merger of equals with chrysler actually being
>up about 1 percent.  However as the 2 year discussions and paperwork between
>government agencies in about 6 countries went on, chrysler went down in
>value again as mercedes went up in value.  When it was finally signed final
>daimler was at about 60 percent of the value and chrysler was down to about
>40 percent (chrysler had to sign away all military contracts).  Now it is no
>longer a merger but a coup.

it was NEVER intended to be a merger. It was an outright buyout by
Mercedes. It was cynically called a "merger" in the US to try to
forestall "patriotic" backlash.
--
Andrew Grebneff
Dunedin
New Zealand
Fossil preparator
<andrew.grebneff@stonebow.otago.ac.nz>
Seashell, Macintosh, VW/Toyota van nut

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