Last month when Chrysler listed most of its $2 billion assets in bankruptcy court, the Auburn Hills automaker said that it didn’t have any firm offers for its Viper brand, which was put up for sale last August. The only offer that Chrysler listed was a $5.5 billion bid by Devon Motors Works.
Now there is a new twist to the Viper story. A California congressman asked former CEO Bob Nardelli to disclose information on a $35 million bid for Viper. He said that the offer hand been hidden from Chrysler’s bankruptcy filing.
In a letter to Bob Nardelli, Rep. Darrell Issa, Calif. said that the lack of disclosure about the information on the bid suggests that Chrysler’s bankruptcy was mishandled. He said that Chrysler must provide proof that Fiat SpA was not trying to...
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