Sunday, March 22, 2009

Abu Dhabi Becomes Biggest Investor In Daimler, Taking 9.1% Stake


This is a serious miscalculation by the Abu Dhabi Sheiks. Daimler is not worth investing in, at least not at this time. Simply because they make some of the finest cars and have demonstrable engineering prowess, the future is really not that bright for Daimler. With Tata Nano on the horizon and other automakers concentrating on alternate fuel/efficient cars, it'd be quite hard to sell Daimler's upscale product line to the newly money-conscious consumers all over the world.

Daimler quite successful in getting their highly efficient and environmentally friendly BlueTec diesel engine to the market, but it's had a really hard time catching up - especially in the States.

I sincerely hope that the Daimler group can weather this horrific storm and continue to innovate autos and engineered solutions for the world. However, this sounds like an attempt at the Razmataz by both the Sheiks and Dr. Z!
Read the Article at HuffingtonPost

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