Why Chrysler's sales numbers were being publically reported

Discussion in 'General Motoring' started by MoPar Man, Oct 23, 2008.

  1. MoPar Man

    MoPar Man Guest

    It was probably speculated here before, but here it is in black and
    white:

    http://www.businessweek.com/autos/autobeat/archives/2008/09/cerberus_seeks.html

    By buying the rest of Chrysler, there would be less pressure on Cerberus
    to offer any financial guidance to the marketplace about revenues or
    earnings. Because Daimler is publicly traded, the German automaker has
    to report the progress of its stake in Chrysler. Each quarter and at the
    end of the year, analysts and media are left to extrapolate those
    numbers for all of Chrysler.
     
    MoPar Man, Oct 23, 2008
    #1
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