Law and Rights
It's deja vu all over again, says Yogi.
At the New York auto show in 1995, billionaire Kirk Kerkorian (#53 of the world's richest people, according to Forbes in 2006) announced that he would make a $20 Billion dollar bid to buy Chyrsler Corporation. That didn't happen.
A few years later the folks who brought you the Mercedes Benz came along with a bigger checkbook ($36 Billion worth) and they bought Chrysler out, changing the name to DaimlerChyrsler Corporation. The Germans promptly ran Chrysler right into the ground, tossing long term employees out the front door, whittling away at quality, increasing prices, etc. Basically they did just about everything necessary to gut the company of its true value.
Now, Kerkorian is back again, knocking on Chrysler's door. Well, actually the door says DaimlerChrysler on it now, but that may not be for long. At least 3 companies (or conglomerates) are publicly talking about buying Chrysler from its German owners now.
And Kerkorian? You just can't keep a good man (or, to be more precise, a rich man) down.
Just like in 1995, here comes Kerkorian again at the New York auto show announcing that he'll make another bid to buy Chrysler --- but this time he's only offering $4 1/2 Billion. If nothing else, Kerkorian apparently knows a good deal when he sees one and maybe he can turn this limping giant around and make it the company that Chrysler was "once upon a time". At least with him, the company is back in American control again. That alone is a step in the right direction.
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Billionaire Divorce -- $100K a Month in Child Support 10/22/2010 10:05 AM PDT by TMZ Staff Ex-MGM owner Kirk Kerkorian is used to writing big checks, so it may only come with a wince that he has to pay $100,000 a month in child support -- for one kid!...
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Law and Rights
Let's Buy Chrysler !
It's deja vu all over again, says Yogi.
At the New York auto show in 1995, billionaire Kirk Kerkorian (#53 of the world's richest people, according to Forbes in 2006) announced that he would make a $20 Billion dollar bid to buy Chyrsler Corporation. That didn't happen.
A few years later the folks who brought you the Mercedes Benz came along with a bigger checkbook ($36 Billion worth) and they bought Chrysler out, changing the name to DaimlerChyrsler Corporation. The Germans promptly ran Chrysler right into the ground, tossing long term employees out the front door, whittling away at quality, increasing prices, etc. Basically they did just about everything necessary to gut the company of its true value.
Now, Kerkorian is back again, knocking on Chrysler's door. Well, actually the door says DaimlerChrysler on it now, but that may not be for long. At least 3 companies (or conglomerates) are publicly talking about buying Chrysler from its German owners now.
And Kerkorian? You just can't keep a good man (or, to be more precise, a rich man) down.
Just like in 1995, here comes Kerkorian again at the New York auto show announcing that he'll make another bid to buy Chrysler --- but this time he's only offering $4 1/2 Billion. If nothing else, Kerkorian apparently knows a good deal when he sees one and maybe he can turn this limping giant around and make it the company that Chrysler was "once upon a time". At least with him, the company is back in American control again. That alone is a step in the right direction.
Burdge Law Office
www.UsLemonLawyers.com
Helping Consumers Get Rid of Lemons Since 1978
www.UsLemonLawyers.com
Helping Consumers Get Rid of Lemons Since 1978
Subscribe in a reader- Billionaire Divorce -- $100k A Month In Child Support
Billionaire Divorce -- $100K a Month in Child Support 10/22/2010 10:05 AM PDT by TMZ Staff Ex-MGM owner Kirk Kerkorian is used to writing big checks, so it may only come with a wince that he has to pay $100,000 a month in child support -- for one kid!...
- Big 3 Opening Detroit Auto Show
Chrysler just got its $5 billion payment from the US government on January 2, 2009. GM got its first billion dollar payment too. In spite of the auto industry woes, the North American International Auto Show opens Jan. 17 and runs to the 25th at the Cobo...
- Russians Are Coming, The Russians Are Coming
Chrysler ... bought by the Russians? Say it ain't so . . . Magna International is a finalist in the buyout bidding for Chrysler and is already making plans on restructuring the lumbering auto giant. Now comes word that a company owned by Russian...
- Bidding Starts For Chrysler
A few weeks ago we reported that GM was talking with DaimlerChrysler about buying the ailing Chrysler US operation. Turns out they were not only talking, they actually made a low ball bid. GM offered to take over Chrysler in exchange for a small amount...
- Is Gm Buying Chrysler ???
Hold on to your hats, folks... Automotive News is reporting that DaimlerChrysler may be negotiating with General Motors for GM to acquire Chrysler. That's a reversal of what DaimlerChrysler CEO Dieter Zetsche said just last fall. Is DaimlerChrysler...