Chrysler Stock: The Stock Investors Love To Hate
Chrysler stock seems to have a love-hate relationship with any investor’s portfolio. Since Daimler-Benz AG purchased Chrysler Corporation in a $37 billion acquisition in 1998, the Daimler Chrysler AG stock, traded under the symbol DCX, has not been among investors’ favorite stocks. Daimler Chrysler AG, headquartered in Stuttgart, Germany, now manufactures about 4.6 million vehicles, under the Dodge, Jeep, Chrysler, and Mercedes-Benz brand names, and creates everything from sport utility vehicles to mid-sized cars to luxury vehicles. It also has strategic partnerships with MFTBC, Mitsubishi Motors Corporation, General Motors Corp., and HMC. Despite hints that there are big things to come from the familiar carmaker, investors seem to be wary of adding the Chrysler stock back to their portfolios. Only recently, investors began to see a rise in Chrysler stock. By the end of July 2005, Chrysler stock sales rose ten percent. And the stock itself had risen exactly one-third of a percent. In the past year, the Chrysler stock itself has risen a little over twelve points in the market. Some believe that the recent soar in Chrysler stock is due to the recent announcement that CEO Jürgen Schrempp is leaving the company, which is said to be the seventh-largest company in the world. So with the hints of big things to come and the current increasing standings in the stock market, should one jump on the Chrysler stock bandwagon now? While a big hint for most beginner investors is to go with a stock you know, investors should speak to either their personal broker or a broker in their area before making decisions on