Chrysler is operationally bankrupt
Is this announcement foreshadowing a terrible 2008? Chrysler was sold to private equity firm Cerberus just 4 months ago for a fraction of what Daimler acquired it for several years earlier. The company has a few popular products but was an overall perennial loser for the German automaker. It seems that under the new private ownership, nothing has yet changed. CNN is reporting that Chrysler, according to its CEO, is operationally bankrupt. Apple: smart products, stupid business
Let me first issue the following disclaimer: I am not an Apple user. I used to have an old Apple SE 30 many years ago, but since then I have never owned any apple products. I don’t own an IPhone. I don’t own an IPod. I have never purchased music from the ITunes music store. You get the picture. |
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