Report: Daimler considers trading Chrysler for stake in GM

A report in Monday’s, London based, Financial Times says that DaimlerChrysler AG is considering selling the Chrysler Group in return for a stake in GM. While DaimlerChrysler AG is still looking into possibility of a cash sale to private equity firms including Apollo Management LP, Blackstone Group, Cerberus Capital Management LP and Carlyle Group, the Chrysler group owner is also weighing the possibility of trading Chrysler for the GM stake.

DaimlerChrysler AG had no comment on the report and said that all options for Chrysler are being considered. GM also had no comment. We also have no comment.
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indifferent - 2/26/2007 12:36:58 PM

+1 Boost

its funny, DCX is paying GM to take Chrysler

MercBasher - 2/26/2007 2:04:15 PM

+1 Boost

Yep just another example of the foolishness of the DCX executives. It makes GM's bad investment in Fiat look insignificant.

S4cabriofoxone - 2/26/2007 8:10:44 PM

+1 Boost

That would be hilarious.

DGM!

Ugh, if Mercedes owned GM, what would the by-products be? The Mercedes Impala? Or would it go the other way around?...

...a Buick E350...

Threepoint1415926 - 2/26/2007 9:52:05 PM

+1 Boost

I think people are just inventing rumors now... "This just in, Mercedes rumored to sell Chrysler to TVR!" I would like to hear it straight from the horses mouth next time I read about this subject.