• Apr 10, 2009
Nerves are frazzled in Stuttgart over the troubles facing Chrysler. Let's not forget that Daimler still has a skin in the Chrysler game, and while everyone natters and frets about whether or not Fiat will prove to be the Savior Of Auburn Hills, execs are also thinking about the worst-case scenario in the halls of Daimler.

According to the Detroit Bureau, Bodo Uebber, Daimler's Chrysler guy, reported recently that concerned shareholders are rightfully nervous, as Daimler could be stuck with a $1 billion liability if Chrysler ist kaput. Unfunded pensions and potential claims from suppliers could result in very bad things for Daimler. Cerberus and the German automaker are also duking it out over whether Chrysler's health was honestly disclosed at the time of the deal, tying up any developments with the remaining 19.9 percent of Chrysler that Daimler still owns. Both Uebber and Dieter Zetsche, Daimler's CEO, are actively trying to unload the company's stake in Chrysler to Cerberus, but predictably, that conversation isn't going anywhere at the moment.

[Source: The Detroit Bureau | Image: Bill Pugliano/Getty]


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  • 64 Comments
      • 5 Years Ago
      Poor monopoly guy, looks all sad and everything.
      • 5 Years Ago
      "Bloke we would respect yer opinion on the Auto Industry if England had one. Every car company of any significance in England is foreign OWNED."

      Mr Oak - you need to understand the difference between revenue and capital. Share certificates do not earn revenue.
      • 5 Years Ago
      Daimler's fault........all of it.

      Did Chrysler have issues? Sure....but they still built competitive cars and were working out their issues. I love the LX cars, but Chrysler would have done just fine without them.
      • 5 Years Ago
      What doesn't make sense is why Daimler itself would have assumed responsibility for those liabilities. Seems incredibly stupid. Then again ...
      • 5 Years Ago
      the look on his face is priceless.
      • 5 Years Ago
      Hahahahahahahahahahahahahahahahahahaha....*breathes*....hahahahahahaha

      Serves them right for raping and pillaging Chrysler.
      • 5 Years Ago
      "Chrysler's products have been diabolical since the 1970's - not one has been any particular success on the international stage"

      I guess we can discount all those Cherokees and minvans sold in Europe (and built in Graz, Austria) and Cheokees built in China. The 300M (pre Dumbler was designed as a "5 metre" car for sale in Europe. You know what that is right, Bloke?

      "If it weren't for Daimler, Chrysler would likely no longer exist,"
      Total BS. You wish. If it weren't for Daimler, Chrysler would have had money to develop new products even as the market slipped. It's quality control would have continued to improve, and great designs would have been coming out of their studios under Tom Gale instead of those abortions under Trevor Creed (who is a Brit himself, if I recall).

      "Do you think that while Chrysler was still pedding the age old Horizon in North America by the late 1980's, the rest of the world hadn't moved on? "

      So did Chrysler. The Sundance and Shadow were introduced in 1987.

      "As for the later Neon, it practically crumbled to the touch; the thing was thrown together so cheaply it was obvious it was built to a price point barely above that of Tata's Nano."

      There are lot of Neons with over 200,000 miles on them. Once the cheap head gaskets that Bob Eaton (who was from GM of *EUROPE*) forced on them were fixed they were quite reliable.
        • 5 Years Ago
        don't bother with him, he's just a troll who needs to get back under his bridge.
      • 5 Years Ago
      Americans crack me up ... they're constantly crowing on about where LR and Jaguar would be if it hadn't been for Ford, yet look at the responses when the shoe's on the other foot.

      Chrysler has been a complete joke for the past thirty years. Absolutely nothing has been inspiring about their designs or even remotely quality driven in their products. The stewardship of Chrysler under Daimler at least allowed them to credibly market their wares internationally. As for the poster who claimed that Daimler let the Neon rot into a joke - the Neon was utter rubbish right from the beginning, and built so poorly from egg carton style materials that it was obviously pitched at people who were homeless.

      Still, glad you all think the K-Cars were the best thing since sliced bread.
        • 5 Years Ago
        "As for the later Neon, it practically crumbled to the touch; the thing was thrown together so cheaply it was obvious it was built to a price point barely above that of Tata's Nano."

        • 5 Years Ago
        Chrysler was way past the K-Car. Mercedes did get Chrysler's CAD system. They did not have one before.

        Bloke we would respect yer opinion on the Auto Industry if England had one. Every car company of any significance in England is foreign OWNED.
        • 5 Years Ago
        Ford may have been a good thing for its British brands (Aston/Jag/LR, but maybe not so much for AC back in the 80s), but Chrysler certainly wasn't for its British brands (Hillman/Humber/Singer/Sunbeam). It drove them into the ground then left it to Peugeot to euthenise what was left.

        Sorry Chrysler, but you killed my favourite manufacturer so you get no sympathy from me.
        • 5 Years Ago
        Ah well of course, since you're American and American everything is so great and everything foreign is rubbish, how could your bruised egos cope?

        Chrysler's products have been diabolical since the 1970's - not one has been any particular success on the international stage, save for Americans who basically only want budget-oriented machinery. If it weren't for Daimler, Chrysler would likely no longer exist, in pretty much the same way as the European marques under GM and Ford control. Do you think that while Chrysler was still pedding the age old Horizon in North America by the late 1980's, the rest of the world hadn't moved on? As for the later Neon, it practically crumbled to the touch; the thing was thrown together so cheaply it was obvious it was built to a price point barely above that of Tata's Nano.

        As for the idiot who claims Britain no longer has a car industry - that car industry currently employs almost a million people and produces 1.6 million cars annually. Now, unlike you lot, I don't care about the nationality of the entity whose name sits on the share certificates, because that doesn't keep a company afloat or contribute to a country's economy. Productivity is what matters, and thankfully in this country at least, the days of greedy unions strangling that productivity to death is largely a thing of the past.
        • 5 Years Ago
        "As for the poster who claimed that Daimler let the Neon rot into a joke - the Neon was utter rubbish right from the beginning, and built so poorly from egg carton style materials that it was obviously pitched at people who were homeless."

        Someone in the UK is talking trash about "poorly built" cars? heh. Glass houses/stones, and all that.
      • 5 Years Ago
      That picture is just begging for captions, Autoblog!!!

      Any suggestions?

      Mine:
      Dieter: Oh, $hit!

      LaSorda: Karma's a bitch, dude.
      • 5 Years Ago
      Well, he isn't losing any mustache points, so shrug it off my friend.
      • 5 Years Ago
      Remember dear readers,

      While GM is to totally be blamed for the mess their in., well not totally, we must remember that Former President Clinton and his famous NAFTA Agreement. Chrysler had much help from the Germans. Remember Chrysler had Billions in Reserve Money (when Germans took over), but when the hedge investor Cerbrus, took over,all that reserve money was, where? In Germany, enjoyed my Mercedes workers Profit Sharing, which they never received before EVER! GM had MANY HEDGE INVETSORS, that may create a BIG problem for them.
      • 5 Years Ago
      Blaming Daimler is just another reason why Chrysler's failing.
      After years of having the Japanese eat their lunch they never caught on.
      They're not competitive.That's why they've failed.
      They had a great company like Daimler try to help them and Daimler had to leave and cut their losses before they became too great.
      American union workers all want the short term riches.Every union worker wanted to bleed Chrysler and Daimler to within inches of it's life and they can't face the fact all they have to blame is themselves and their own greed and sloth.
        • 5 Years Ago
        shouldn't you be drooling in front of your TV, waiting for orders from FOX News?
        • 5 Years Ago
        @Jim
        OK.
        Union greed and sloth contributed to the demise of the US auto industry.
        It's worth repeating.
        Thank You.
        • 5 Years Ago
        Chrysler caught on to Japanese engineering in the early 1990s. They called it "cab-forward design". It was more than GM and Ford did until the last few years, and Daimler got rid of it real quick.
        • 5 Years Ago
        jc, you can repeat that garbage all you want, but that won't make it true.
        • 5 Years Ago
        @ Jim ...I almost forgot to repeat my other point
        Oh Yeah.And Chrysler was also unresponsive while the Japanese manufacturers ate their lunch(sloth).
        Not only did the Japanese manufacturers eat their lunch ,but they proved their diligence and prowess by excelling even further by introducing brand like Lexus and Infiniti.
        Well Jim .Maybe that's not fair since thick headed ignorant union thugs (if the shoe fits) are also to blame for their unresponsiveness.
        • 5 Years Ago
        yes, and I realize I wasted more time on you. OH SNAP
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