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As a man thinks, so he is. Some people are never. Recent Posts
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CarSpace Alternate RouteTurn off the nav system, crumple up that MapQuest printout, and let's find out where the next random turn may take us! Aug 19, 2009 - It's What They Do
Creditors of Chrysler LLC are suing Daimler AG, accusing it of fraudulently stripping the U.S. automaker of "billions of dollars in assets" prior to its 2007 sale of the U.S. carmaker to private equity firm Cerberus Capital Management LP. The creditors claim that Daimler knew in 2006 that its merger with Chrysler was a failure, and that realizing the extent of Chrysler's debts, Stuttgart, Germany-based Daimler decided to cut its links to avoid being saddled with Chrysler's billions of dollars in obligations. Let's see, Daimler bought Chrysler in 1998, saw the freight train coming and found a sucker in Cerebus in 2007, and now the folks who rode Chrysler all the way into the ground are looking for someone to bail them out of their bad judgement. I think the vultures are going to find slim pickings on this pile of carrion.
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