You just knew he'd be back, and sure enoughâlike the Phoenix RisingâKirk Kerkorian is once again after Chrysler. According to The New York Times
, Kerkorian is offering $4.5 billion in cash to purchase Chrysler. In a letter to DaimlerChryslers chief executive, Dieter Zetsche, Tracinda said it will be joined by the United Auto Workers and senior management at Chrysler. Both will have the chance to participate as equity partners...
Full story here.
Here's AutoObserver's take: Kerkorian Bids on Chrysler
Here's Inside Line's take: Kerkorian Offers $4.5 Billion for Chrysler
Here's AutoObserver's take: Kerkorian Bids on Chrysler
Here's Inside Line's take: Kerkorian Offers $4.5 Billion for Chrysler
ateixeira says:
12:56 PM, 04/ 5/07
Someone photoshop some devil horns on that photo.
Remember the hostile take over attempt?
This guy would be bad news for Chrysler...
gmguy111 says:
02:00 PM, 04/ 5/07
Good god here we go again any of you GM people remember kerkorians scheme to shake up the GM board back in 05-06 with that Nissan and renault alliance? This guy will be bad news If he buys chrysler. Neil cavuto on Fox news called this guy one of the greatest investors on the planet. No he's not this guy will drive chrysler in the ground with no hope of recovery. And I agree someone should photoshop some devil horns on that photo it would complement it nicely.
rsholland says:
02:51 PM, 04/ 5/07
DONE!
gmguy111 says:
03:24 PM, 04/ 5/07
Nice thank you Rsholland as i mentioned earlier the horns help complement the photo
ricketts22 says:
03:57 PM, 04/ 5/07
If Kerkorian went in with the UAW and bought Chrysler, and the company went under, would that take the UAW with it? Something to think about.
witnessx says:
04:26 PM, 04/ 5/07
This guy is as bad as Nader.
comp386 says:
07:41 AM, 04/ 6/07
Maybe Kerkorian can do what no other auto maker has been able to do. Take down the UAW. I also thought Chrysler was valued at more than 4.5 billion.
flicmod says:
08:10 AM, 04/ 6/07
I love the line in the article over on the news section about Chrysler being valued between "nothing and roughly $13 billion". It's a fair offer if you consider that Chrysler could be worth a penny or less.
It's too bad Kerkorian didn't get a chance to take over GM. But it seems GM is doing fine without his investment or ownership. I'm all for him buying Chrysler. It might teach the UAW a thing or two in the long run. But I really doubt DCX will jump on a number that "low"... but the $100 mil up front isn't a bad gesture.
ateixeira says:
12:56 PM, 04/ 7/07
Oh man I was half kidding, but that's hilarious!
One for the history books, thanks Bob.
rsholland says:
02:58 PM, 04/ 7/07
Borrowing a line from Flip Wilson: "The devil made me do it." :)
toyotafan818 says:
08:25 PM, 04/ 7/07
Chrysler is doing bad enough.....
thats all i have to say.
estreka says:
05:17 PM, 04/ 8/07
I haven't heard about Jerome York in quite a while. Honestly, I think he'd be a valuable asset for Chrysler. Of course Kerkorian is a different story. But while Kirk is not a good manager, his mere presence sure motivates leadership to get things done. Who knows.