Blog: Chrysler - we're no closer
Dave Leggett | 22 February 2007
It is still very much up in the air as far as the future of Chysler goes. GM seems to be serious about having a good look and poke around at Chrysler and has got Fritz Henderson on the case. Maybe GM is a front runner but all kinds of discussions could be going on with DaimlerChrysler involving vehicle makers and others - private equity companies included.
Also, don't rule out DaimlerChrysler ultimately hanging on to Chrysler. Dr Z could be playing some clever games. At any rate, he has had nothing to lose by inviting expressions of interest. He could even go back to the shareholders (share price helpfully bouyed lately) and say that the flurry of interest proves that Chrysler is a valuable asset and that fixing it is the best strategy.
The Magna speculation is an interesting one though, with Wolfgang Bernhard drafted in too. And private equity firms might be tapping him up also. Any bid with his name on it gains a lot of credibility. His exit from Volkswagen certainly looks like interesting timing now.
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