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Discussion Starter · #1 ·
http://www.forbes.com/markets/feeds/afx/2007/02/27/afx3469232.html

AFX News Limited
Chrysler being courted by 3 Chinese carmakers - report
02.27.07, 7:32 PM ET

BEIJING (XFN-ASIA) - Three China-based automakers have separately begun talks with DaimlerChrysler AG about potentially buying its Detroit-based Chrysler unit in order to speed up their global expansion, the South China Morning Post reported, citing unnamed sources.

Shanghai Automotive Industry Corp (SAIC (nyse: SAI - news - people )), Jilin-based FAW Group Corp and Anhui-based Chery Automobile have joined carmakers from around the world in early talks with the German company about acquiring all or part of the third-largest US automaker, the Hong Kong newspaper reported.

The report did not say whether any of the Chinese players were planning to be part of a joint bid with foreign rivals.

Yesterday, Shanghai-based Oriental Morning Post cited unnamed sources as saying that FAW Group was considering a bid for Chrysler, adding that the Chinese carmaker had already dispatched representatives to the US for talks.

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Discussion Starter · #5 ·
mgrovernut said:
Some questions:

1.) Would Daimler want the Chinese to get Chrysler technology?
Nope.

2.) Would the USA want to see jobs go East?
Well, it can't be stopped.

3.) Will Daimler feel under pressure to sell to GM?
Daimler will sell to anyone who comes up with money. If Chinese are serious about Chrysler take over, then they need to come up with $5 billion in cash. If not, Daimler will offload Chrylser to GM for GM's shares.

if GM want Jeep and Dodge, then perhaps Chyrsler itself will be up for grabs?
That's what it looks like it.
 

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Discussion Starter · #10 ·
Rock-N-Roll said:
Good, Neko. Everyone on the planet seems to keep forgetting why this company simply WILL NOT be purchased for cash
If you are GM, then you don't need to pay cash.

If you are Chinese, then you better come up with billions in cash, as Daimler doesn't take Chery stocks as payment.

GM looking to purchase Chrysler? Please. You cannot expand out of losses by purchasing another company with losses.
SInce Daimler is not asking for cash, why not...
 
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