So Mercedes Lost another wack of money through Chrysler. Here in South
Africa Mercedes currently markets and distributes Chrysler products - I
wonder what happens now ?
Peter


2009/4/29 Tom Hargrave <tharg...@hiwaay.net>

> UAW will have 55%, FIAT will start with less than 20% but will eventually
> hold 35%, The lien holders have agreed to walk away from 6.9B in debt with
> 2B in cash in hand, The Government will hold a stake (probably 10%) and the
> rest will be Cebrus. Daimler has already surrendered their 19.9% to Cebrus
> &
> agreed to pay 600M to the pension fund over the next few years.
>
> Thanks,
> Tom Hargrave
> www.kegkits.com
> http://www.kegkits.com/JABF/
> 256-656-1924 <http://www.kegkits.com/JABF/%0A256-656-1924>
>
>
> -----Original Message-----
> From: mercedes-boun...@okiebenz.com [mailto:mercedes-boun...@okiebenz.com]
> On Behalf Of Allan Streib
> Sent: Wednesday, April 29, 2009 3:27 PM
> To: Mercedes Discussion List
> Subject: Re: [MBZ] More from Chrysler
>
> What I heard was that the UAW will have a 55% stake, Fiat 35%, and the
> Government 10%.  What happens to all the current shareholders I don't know.
>
>
>
> On Wed, 29 Apr 2009 16:09 -0400, "Mitch Haley" <m...@voyager.net> wrote:
> > Bloomberg reports that according to people with direct knowledge of the
> > situation, President Obama aims to announce a Chrysler bankruptcy
> > tomorrow and
> > say a Chrysler-Fiat alliance would be created in bankruptcy.
> > :theflyonthewall.com
> >
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