Cars and Drivers
As Concern About Chrysler Sale Increase, Daimler Shares Fall
Published:
DaimlerChrylser (DCX) executives are distributing numbers on their ailing Chrysler unit to interest buyers. But the media is already reporting the companies like Nissan and Renault are not interested, the the company may have to be sold in pieces, and that GM (GM) would be stupid to buy the smaller company given its own problems.
So much for Daimler’s multi-year stock price high. After moving up $74.40 on euphoria about the possible sale the shares hit a low of $69.76 yesterday.
If there is no quick news about a sale, those shares may well go lower.
Douglas A. McIntyre
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