Rumors?

[Gary Lashinsky]

I have heard rumors that Bob Lutz and Tom Gale are putting an investor group together to buy Chrysler from Daimler. Wonder if Kirk($$$$)Kekorian is envolved?

 

[Y2K5SRT]

I will have to find the article, but I recently read that these gentlemen were getting together on a supercar project ($500,000 per car). They were soliciting additional investors. It made NO mention of Chrysler, so this may just be a rumor based on the supercar project. I will try to find the article when I am back in town.

Chris

 

[MiamiJeff]

Gee, I like Gary's theory rather than the talk that its Dr. Kevorkian who's coming to make a housecall...

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[Tenney]

Daimler bought Chrysler during a high cycle and paid a bit more than some thought was wise. Since that time, reported losses, management shake-ups and the bad press that accompanies have certainly devalued the company (check the ticker).

Were Daimler to spin-off Chrysler at this point, they'd be grabbing the ankles in large way.

Additionally, Chrysler may actually be a tough sell right now because likely suitors may wait for recession (consumer confidence not currently at an all-time high) in anticipation of a full-on fire sale.

Meanwhile, Daimler might do well to bring Lutz and Gale back into the fold. Maintain and build upon what has become the Chrysler brand, which I think is a full range of uniquely styled cars and trucks. Maybe toss in a little Daimler engineering expertise and they'd have perhaps an even more attractive company to sell than the one they purchased.

 

[Supercharged Vipermad]

Boy that would be AWSOME!!!!!!Great car guy's!!

 

[ViperRon]

I would love to see how many people would be willing to put up money to try and buy Chrysler back from the Germans. You say it can't be done, I say it could with the right leadership and at the RIGHT price. If they think Chrysler is in the tank the price should be reasonable.

 

[Rich Detert]

It was my understanding that right after the "Merger" (yeah right

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), that most of the publicly held stock was owned by American investors.
When the stock hit $108 per share they sold out and now it's owned by mostly European investors.

At least that's what I was told.

 

[Vreracing]

Here is an interesting article in todays New York times regarding DC.
http://www.nytimes.com/2000/11/26/business/26DAIM.html

I think you will need to be registered at their site to view it.