A top DaimlerChrysler AG executive is scheduled to meet in New York this week with bidders for the firm’s Chrysler unit but it appears that billionaire Kirk Kerkorian’s Tracinda Corp. isn’t among those on the invitation list, The Wall Street Journal reported.

Tracinda, which announced a US$4.5bn bid for Chrysler late last week, was working up to the last minute in hopes of being included in the scheduled round of meetings with DaimlerChrysler executive Rudiger Grube, a management-board member and head of strategy, the Journal said.

However, a meeting between Grube and Tracinda is not scheduled, people familiar with the matter said in the WSJ.

Grube is scheduled on Wednesday to kick off meetings with representatives from the tandem of Blackstone Group and Centerbridge Capital Partners LP; Cerberus Capital Management LP; and a partnership between Canadian auto-parts supplier Magna International Inc. and private-equity firm Ripplewood Holdings Inc., the Journal said.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.