Law and Rights
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 billionaire Oleg Deripaska will pay $1.54 billion for 20 million shares in Magna. Deripaska is reported to have political connections with Russian President Vladimir Putin but of course that's no surprise. Seems like Presidents of lots of countries have "political connections" with billionaires.
You think you've got trouble with warranty coverage now, just wait 'till the Russians are making the decisions! Nyet may be what you may be hearing on the 800 number sooner than you think!
Okay, so let me see if I've got this right. Americans sold Chrysler to the Germans and now the Germans are ready to sell it to an outfit made up of Russians and Canadians? What gives here?
Looks like Magna apparently wants to get some partners in on its Chrysler deal to spread the risk in case things turn out bad later on. One JP Morgan analyst, Himanshu Patel, predicted that the proposed structure of the deal could allow Stronach and Deripaska to buy Chrysler through a holding company, which would allow Magna's main auto parts business to keep selling to other auto companies while Magna looks to make a profit off its partial Chrysler ownership.
Big business looks to buy big car companies so it can make big lemons that we're all stuck with. There's something rotten in Denmark.
Oh, wait a minute, they aren't in the deal . . . yet.
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- Let's Buy Chrysler !
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Law and Rights
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 billionaire Oleg Deripaska will pay $1.54 billion for 20 million shares in Magna. Deripaska is reported to have political connections with Russian President Vladimir Putin but of course that's no surprise. Seems like Presidents of lots of countries have "political connections" with billionaires.
You think you've got trouble with warranty coverage now, just wait 'till the Russians are making the decisions! Nyet may be what you may be hearing on the 800 number sooner than you think!
Okay, so let me see if I've got this right. Americans sold Chrysler to the Germans and now the Germans are ready to sell it to an outfit made up of Russians and Canadians? What gives here?
Looks like Magna apparently wants to get some partners in on its Chrysler deal to spread the risk in case things turn out bad later on. One JP Morgan analyst, Himanshu Patel, predicted that the proposed structure of the deal could allow Stronach and Deripaska to buy Chrysler through a holding company, which would allow Magna's main auto parts business to keep selling to other auto companies while Magna looks to make a profit off its partial Chrysler ownership.
Big business looks to buy big car companies so it can make big lemons that we're all stuck with. There's something rotten in Denmark.
Oh, wait a minute, they aren't in the deal . . . yet.
Burdge Law Office
www.UsLemonLawyers.com
Helping Consumers Get Justice
(even from the Russians)
www.UsLemonLawyers.com
Helping Consumers Get Justice
(even from the Russians)
Subscribe in a reader- Chrysler-fiat Iffy While Gm Gets Gloomy And Saturn Is Selling Out
Fiat has said that there's no better than a 50-50 chance they will work out a deal with Chrysler, which only has until the end of the month to get the deal done. Apparently Fiat has put some hard terms on the table that Chrysler may not be able to...
- "we'll Pay You To Buy Chrysler"
Apparently parent company DaimlerChrysler AG (DC) is so anxious to dump Chrysler (CC) that it has agreed to pay the buyer $1.55 billion to take over the ailing American auto giant. Last week we thought the Russians were coming. Now, we find out it's...
- 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....
- 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...
- Unions Leary Of Chrysler Bidder
Unions aren't happy with rumors of big money moguls buying Chrysler from DaimlerChrysler AG and that just may foul up the investor group's plans, according to Reuster news reports. The unions' opposition comes just as Cerberus Capital Management...