The big three may now be the big two among U.S. automakers. The dealmakers are swirling around, as Chrysler appears to be on the block. Chrysler's CEO sent an e-mail to employees, indicating a possible sale. Who's interested? GM for one. Foreign carmakers may want the U.S. firm to gain a bigger presence in this market. All that work for nothing, Lee Iacocca! The Dow and S&P responded negatively to this news, but NASDAQ added another 1/4% on the day.
DJIA -52.39 NASDAQ +6.52 S&P 500 -1.25
Independent, Fee-Only Financial Advisor
Thursday, February 22, 2007
Big Three Thursday
The big three may now be the big two among U.S. automakers. The dealmakers are swirling around, as Chrysler appears to be on the block. Chrysler's CEO sent an e-mail to employees, indicating a possible sale. Who's interested? GM for one. Foreign carmakers may want the U.S. firm to gain a bigger presence in this market. All that work for nothing, Lee Iacocca! The Dow and S&P responded negatively to this news, but NASDAQ added another 1/4% on the day.
DJIA -52.39 NASDAQ +6.52 S&P 500 -1.25
