Thought that the following commments from Briefing.com/Barron's might be of interest:
DaimlerChrysler concerns highlighted in Barron's (DCX) 32. 91: The article focuses on concerns associated with DCX's Chrysler division which stunned the street by saying it would lose $1. 2 bln in the second quarter and might just breakeven. In addition, the co's share of the U. S. vehicle market continues to decline going from 16. 2% five years ago to 13. 6% today. An auto analyst comments on the company by stating, "This is a merger that just didn't work, and, quite frankly, didn't ever have much chance of working. " The Co is also facing even more pressure from a car market which is being paralleled by industry analysts as the "worst crisis" for the Big Three automakers since they posted a loss of $7. 5 bln in 1991.
DaimlerChrysler concerns highlighted in Barron's (DCX) 32. 91: The article focuses on concerns associated with DCX's Chrysler division which stunned the street by saying it would lose $1. 2 bln in the second quarter and might just breakeven. In addition, the co's share of the U. S. vehicle market continues to decline going from 16. 2% five years ago to 13. 6% today. An auto analyst comments on the company by stating, "This is a merger that just didn't work, and, quite frankly, didn't ever have much chance of working. " The Co is also facing even more pressure from a car market which is being paralleled by industry analysts as the "worst crisis" for the Big Three automakers since they posted a loss of $7. 5 bln in 1991.