Last autumn, hordes of British motorists laid siege to petrol pumps, anxious to fill up before prote...
Last autumn, hordes of British motorists laid siege to petrol pumps, anxious to fill up before protests against fuel prices blocked supply trucks and left the gas stations dry. DaimlerChrysler's $6.5bn bond sale smacks of similar desperation. The German-US car maker is filling up the tank while it can, and paying through the nose to do so. It's been running on close to empty - not a good situation to be in when you face debt repayments of some $9bn this year and $14bn in 2002. The company's net liquidity, which measures cash against liabilities, dropped to zero in December, from E11bn a y...
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