Zetsche: Daimler is not "auctioning" Chrysler
DaimlerChrysler CEO Dieter Zetsche has told a German newspaper that DCX is not committed to separating from the Chrysler Group and may end up staying as a single company when all is said and done. He also stated the Chrysler is not on the auction block to all potential bidders. Rather, Daimler is willing to share information with potential buyers at their own discretion.
A number of potential buyers including several private equity firms are looking at purchasing the Chrysler Group, including the Blackstone Group, which has been given access to the books to determine how much if anything to bid. Daimler apparently wants to make sure that whoever might buy Chrysler actually has the financial resources to make a go of it, rather than oversee a fiasco like the collapse of the Rover Group after BMW divested it.
[Source: Automotive News - sub. req'd]
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Reader Comments (Page 1 of 1)
Bob R. 3:56PM (3/07/2007)
That is one funny picture!!
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Bryan 5:05PM (3/07/2007)
LOL thats pretty funny! I do hope an American company or an American period buys Chrysler.
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Yuu 10:15PM (3/07/2007)
Everytime I see "Dr. Z"; I can't help but think of Arrested Development's "Tobias Fumke".
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ruggels 5:31PM (3/07/2007)
lol i love this pic, best caption yet :P, just add a dwigit and Michael scott accent, you pick who gets what.
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David 5:57PM (3/07/2007)
Dr. Z is one crafty German,
Scare the hell out of Auburn Hills with the real possibility of being cut off from Mercedes, not just idle threats and "leaked memos". Put the f***ing UAW in its place and tell them to get their heads out of their a***s or Chrysler is gone. Produce products that the market wants and make sure they don't catch fire when the warranty expires or else.
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SickManSeth 7:04PM (3/07/2007)
Dear Dr.Z,
Good move! See what a company that nobody's buying from is worth. If it is worth it to get rid of them,Give them two years to turn sales around. if by then they are still unable,Do it. keep chrysler on it's toes.
With a newfound admiration,
SickManSeth
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Barney 7:29PM (3/07/2007)
Make them beg to buy it, in other words. Make out that you have something everyone wants and the price gets higher. It's only up for sale at the right price but what happens if nobody takes it off your hands?
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iQuack 10:31PM (3/07/2007)
Best chain of events:
1. Sell Chrysler to a private investor group;
2. Chrysler continues to lose money and declares bankruptcy;
3. UAW contracts no longer valid from bankrupt company;
4. Without constraints from the UAW, Chrysler's pieces--especially the valuable Jeep name--can be sold off separately for a profit to the investors.
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amp 10:36AM (3/08/2007)
Someone's been playing with Comic Life.
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Richard Warren 8:16AM (3/09/2007)
#8, don't even have to go that far, Chrysler bought out, name change, new company does not honor contract with union. As union workers you pay nothing for them if you don't buy the care once unemployed, and on unemployment, we all pay. Thanks Iquack!
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