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AUTOS' DANCE * USA - Chrysler Talk Revs Up
No smoke without a fire?
London,UK -Forbes (USA), by Parmy Olson -19 Feb 2007: -- From General Motors to Nissan to Hyundai to private equity groups -- the number of parties that are reportedly interested in buying Chrysler Group is growing every day, making the picture of suitors sniffing around the struggling unit of DaimlerChrysler all the more plausible... Any sale or spin off could take several months, though according to Germany's Handelsblatt business newspaper, DaimlerChrysler will make a clear decision about what to do with the unit before the end of 2007. The paper added that Daimler's management was leaning towards an outright sale...
* Report: GM-Chrysler deal a 50/50 chance, analyst says
Detroit,Mich,USA -The Detroit News /Bloomberg -Feb 20, 2007: -- General Motors Corp., the world's largest automaker, stands a 50 percent chance of buying DaimlerChrysler AG's Chrysler unit and may seek the purchase as a "defensive maneuver," Merrill Lynch analyst John Murphy said today... "Given the transformation the U.S. industry is beginning, we would not rule out a tie-up," Murphy, who is based in New York, said in a note to investors today. "GM may view the acquisition as a defensive maneuver to box out new competition"...
* Opinion - Chrysler's White Knight Against Foreign Invaders?
London,UK -Edmund's Auto Observers, by Michelle Krebs -21 Feb 2007: -- Last week's rumors that General Motors was in discussions to buy the Chrysler Group were immediately dismissed from Wall Street to Main Street as nonsense to sheer lunacy... But may be the idea isn't so crazy after all for GM. Maybe GM is playing defense, not offense... If a foreign automaker – particularly one from China or Korea – were to make a bid for Chrysler, GM could sweep in like a knight in shining armor and save the damsel in distress – not Chrysler, but itself... GM faces significant risk if a Chinese or Korean automaker buys Chrysler and gains instant access to its coast-to-coast dealership network to widely distribute vehicles that can be priced below the competition because they come from low-cost production sources... Ford would be hurt as well, but it's broke, so it can't put up a solid defense. GM, however, is in reasonably good health to put the brakes on such a foreign invasion...
Labels: autos' news
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