Daimler dumps Chrysler

Chrysler Group to Be Sold for $7.4 Billion

Facts:

1. DaimlerChrysler paid $37 billion for Chrysler nine years ago
   
2. Daimler pays $650 million to unload Chrysler (German automaker will end up actually paying $650 million to unload Chrysler to end its exposure to billions in ongoing losses, health care costs)
   

Excerpt (from CNN article): DaimlerChrysler moved to undo the most expensive and one of the least successful mergers in auto industry history Monday as it agreed to essentially pay to dump the money-losing Chrysler unit, which it paid $37 billion for nine years ago.

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1. The roofing work commenced today. Now at 6, they are still at work.
   
2. We had the day off: drove Mom to the airport, visited with Kathee's Brother, Dave; errands
   
3. Rachel leaves on her Europe trip tomorrow.