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by Gunnar Heinrich on February 26, 2007
Any potential buyer interested in purchasing the Chrysler Group from DaimlerChrysler has to account for $16.7 Billion in unfunded health care liabilities according to a report published today online.
Reported in Automotive News, such are the potential (and forecasted) fiscal woes of Detroit's big ".5" automaker that DaimlerChrysler, "might have to pay a buyer several billion dollars just to take the Chrysler group off its hands."
While this is an unlikely scenario, it does highlight Chrysler's troubled position.
[Source: Automotive News]
Permalink: Chrysler's $16.7 Billion Liability
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Vote for Chrysler's $16.7 Billion Liability:
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Rating: 7.75 out of 4 vote(s) cast.
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Response from:
jim
(02/27/07 4:36am)
Chrysler will be the US version of Rover. You'll be able to acquire the company for beer money and assume the liabilities
Response from:
G
(02/28/07 7:52am)
I certainly hope not, Jim. Chrysler, faults and all, is a special brand in automotive history.
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