(Reuters) - The newspaper reported private equity firm Cerberus Capital Management [CBS.UL] had lodged a bid for Chrysler on Friday. The Detroit News has reported Blackstone Group and the Canadian auto supplier Magna International Inc are also expected to bid.
Chrysler, the No. 4 U.S. automaker and home to the Jeep, Chrysler and Dodge brands, was put into play in mid-February, when DaimlerChrysler Chief Executive Dieter Zetsche announced the company was keeping all options open for the unit.
Read more at Reuters.com Mergers News
Showing posts with label Chrysler Group. Show all posts
Showing posts with label Chrysler Group. Show all posts
Saturday, March 31, 2007
Sunday, February 18, 2007
GM in early talks to buy Chrysler
General Motors Corp. is in preliminary talks to buy Chrysler, the struggling U.S. arm of DaimlerChrysler AG, or to strike a strategic alliance with the rival automaker, sources familiar with the situation said on Friday.
There was deep skepticism on Wall Street about whether such a merger made sense for GM and whether it could ever happen.
An outright takeover of the Chrysler Group by GM would risk complicating the turnaround efforts of both companies, analysts said, even as it created an industry giant with a nearly 40 percent share of the U.S. market.
Read more at Reuters South Africa
There was deep skepticism on Wall Street about whether such a merger made sense for GM and whether it could ever happen.
An outright takeover of the Chrysler Group by GM would risk complicating the turnaround efforts of both companies, analysts said, even as it created an industry giant with a nearly 40 percent share of the U.S. market.
Read more at Reuters South Africa
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