DaimlerChrysler entertains offers for Chrysler Group

Manufacturing News, Source : The Manufacturer US
Published : 06 Mar 2007 13:34

It appears that a down-on-its-luck automaker with an established infrastructure is considered a fair "get".

According to a Forbes story, DaimlerChrysler will meet with a select group of prospects, starting next week, for an in-depth look at the Chrysler Group's assets and liabilities, and a first-hand glimpse of the plans for Chrysler, Dodge and Jeep vehicles.

On hand will be Chrysler's financial adviser JP Morgan, and likely suitors are dominated by private equity firms, like Cerberus Capital and Apollo Management. DaimlerChrysler is also, reportedly, mulling an offer from GM to trade the Chrysler Group for a 20 percent stake in GM.

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