In truth, Chrysler chairman Eaton and others saw a chance to cash in.
They were nearing retirement age and saw an opportunity to walk away
with many millions of dollars if they could get another company to buy
a controlling interest in Chrysler. And they knew they had something
that others wanted: the most refined automotive version of the virtual
prototype design and testing software that was pioneered by Dassault
and perfected by Boeing. (The second version of the LH cars was fully
tested on a virtual proving ground before any real cars were built.
That was an automotive first.) I believe that Mercedes wanted the
software more than the company. But since the company was more
profitable than Mercedes at first, they hung on and drained it. When
they had squeezed all the life out of Chrysler, they unloaded it on
Cerebus. The fact that it may very well survive is a minor miracle.
Paul
On Jun 5, 2009, at 9:21 AM, Adam Maas wrote:
On Fri, Jun 5, 2009 at 8:12 AM, John Sessoms <jsessoms...@nc.rr.com>
wrote:
From: paul stenquist
Chrysler did just fine until Daimler got involved.
Yeah, that's why they went looking for a buyer.
Which isn't what happened. They went looking for a merger partner and
got suckered.
--
M. Adam Maas
http://www.mawz.ca
Explorations of the City Around Us.
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