Daimler, Chrysler Break Up Opposed
The Chrysler Group's series of hardships is becoming a burden for its German parent DaimlerChrysler AG. But a member of the DCX’s governing supervisory board said last Friday that he would oppose a deal leading to the breakup of the Auburn Hills automaker.
"We wouldn't support a solution such as a private equity firm that would cut out choice bits," said Helmut Lense, one of the ten employee representatives on DaimlerChrysler's 20-member supervi Read More...
Is Chrysler Really That Insignificant To Daimler?
After DaimlerChrysler AG sells its loss-making arm Chrysler AG it will return to what it was twenty years ago---a small, proud, provincial luxury automaker with a huge bulk of truck business. This is exactly what most investors want, to turn back the clock to a period when the company was smaller and above all profitable.
The union of Daimler and Chrysler was a marriage that was opposed at by German executives right from the very start. And for Read More...
Bids For Chrysler Group On Table
Two of the nation’s biggest private equity firms have finally tendered their formal bids to acquire the ailing Chrysler Group from German automaker DaimlerChrysler AG. The Blackstone Group and the Cerberus Capital Management are just two of the companies that have expressed their desire to purchase Chrysler. This important piece of information was divulged by people familiar with the ongoing talks.
No details were given about the amount of the b Read More...