We had always operated under the assumption that there's no quick way to make a buck in the auto business. Turns out we were wrong, as DaimlerChrysler has just sold its headquarters in Stuttgart for $308.8 million in cash to IXIS Capital Partners Ltd. Don't fret, the building's new owners won't be kicking DCX to the curb, as the automaker simultaneously signed a 15-year lease to stay on the premises. The money from the sale will boost the automaker's operating profit by $22.9 million this year, as DCX is required to report income over the duration of the lease. It's perhaps the fastest $380 million profit we've ever seen a carmaker turn, and the most creative. Chances are that if DCX is doing well in 2021, the automaker will buy its HQ right back.

[Source: Automotive News]

redriderbob

 

Makes sense, we did that a few years ago to the auburn hills HQ as well.

 

Chrysler Group never did that. You are think American Motors before they sold out to Chrysler Corporation in 1987, did that w/ the American Center! The American Center is still there today, and is office space for several business in Southfield, Michigan.

redriderbob

 

As far as I know we do not own the AH location any more. I remember it being in a dc times paper several years ago.

 

i used to pass that building everyday. AH is such a better looking building.

 

Your right that is a much better looking building. If I was in charge, the first thing I would have done after the merger, if Chrysler owned it, is move the HQ over there.

Selling that building is a short-term solution, I have a better suggestion for quick cash, sell SMART. Oops, I forgot nobody wants them.

 

Got that right...