Some huge rumors that Blackstone has agreed to purchase Chrysler from Daimler.

[iamwiz82]

No proof, other than LOTS of talk around Metro Detroit. Usually the talk isn't far off, though.

The three rumors going together are:

Blackstone purchased Chrysler
Manga will buy the stamping plants
Daimler is keeping Jeep

 

[andylawcc]

wasn't there a rumor that Daimler want to swap interest from Chrysler to GM instead?


anyway, Blackstone's name is getting heard in just about any acquisition news.

 

[mercanucaribe]

Why does Daimler have to keep Jeep? Probably their way of taking revenge for losing WWII.

 

[iamwiz82]

These are internal rumors, not pundants blowing hot air.

 

[EvilYoda]

lol, Jeep!? No! Whatever will become of my job! 😀

 

[Strk]

Originally posted by: andylawcc
wasn't there a rumor that Daimler want to swap interest from Chrysler to GM instead?


anyway, Blackstone's name is getting heard in just about any acquisition news.

Well, it would be more beneficial to them. Chrysler just isn't very good.

 

[mercanucaribe]

Originally posted by: Strk

Originally posted by: andylawcc
wasn't there a rumor that Daimler want to swap interest from Chrysler to GM instead?


anyway, Blackstone's name is getting heard in just about any acquisition news.

Well, it would be more beneficial to them. Chrysler just isn't very good.

All I care about is Jeep, and Daimler is keeping it 🙁. I'll never be able to buy a brand new truck with two solid axles unless I stop boycotting Daimler Benz.

 

[Pacfanweb]

Originally posted by: mercanucaribe
Why does Daimler have to keep Jeep? Probably their way of taking revenge for losing WWII.

Because Jeep is the only thing that Chrysler has that's worth keeping. And Chrysler was well on the way to screwing Jeep up, too.

 

[Jeeper94]

Originally posted by: Pacfanweb
Because Jeep is the only thing that Chrysler has that's worth keeping. And Chrysler was well on the way to screwing Jeep up, too.

:thumbsup:

 

[d33pt]

Originally posted by: mercanucaribe

Originally posted by: Strk

Originally posted by: andylawcc
wasn't there a rumor that Daimler want to swap interest from Chrysler to GM instead?


anyway, Blackstone's name is getting heard in just about any acquisition news.

Well, it would be more beneficial to them. Chrysler just isn't very good.

All I care about is Jeep, and Daimler is keeping it 🙁. I'll never be able to buy a brand new truck with two solid axles unless I stop boycotting Daimler Benz.

Ford Super Duty.

 

[ElFenix]

Originally posted by: Pacfanweb

Originally posted by: mercanucaribe
Why does Daimler have to keep Jeep? Probably their way of taking revenge for losing WWII.

Because Jeep is the only thing that Chrysler has that's worth keeping. And Chrysler was well on the way to screwing Jeep up, too.

huh? merc put the damn independent fronts on them all. and also brought us the compass and patriot POSes.


anyway, who the hell are blackstone and magna?

 

[Accipiter22]

Originally posted by: ElFenix

Originally posted by: Pacfanweb

Originally posted by: mercanucaribe
Why does Daimler have to keep Jeep? Probably their way of taking revenge for losing WWII.

Because Jeep is the only thing that Chrysler has that's worth keeping. And Chrysler was well on the way to screwing Jeep up, too.

huh? merc put the damn independent fronts on them all. and also brought us the compass and patriot POSes.


anyway, who the hell are blackstone and magna?

I was just going to ask the same thing.

 

[3chordcharlie]

Originally posted by: Accipiter22

Originally posted by: ElFenix

Originally posted by: Pacfanweb

Originally posted by: mercanucaribe
Why does Daimler have to keep Jeep? Probably their way of taking revenge for losing WWII.

Because Jeep is the only thing that Chrysler has that's worth keeping. And Chrysler was well on the way to screwing Jeep up, too.

huh? merc put the damn independent fronts on them all. and also brought us the compass and patriot POSes.


anyway, who the hell are blackstone and magna?

I was just going to ask the same thing.

Magna probably built half of your car already😉

As for the chrysler bashing, I seem to recall chrysler having a pretty good lineup and balance sheet when they merged? It seems to me like the two companies never really harnessed each other's strengths though.

 

[andylawcc]

Originally posted by: Accipiter22

Originally posted by: ElFenix

anyway, who the hell are blackstone and magna?

I was just going to ask the same thing.

Blackstone is a company who buys publicly traded companys, take them off the stock market, restructure (ie: fire a bunch of ppl), make the company profitable (at least on paper), and then put the company back in the stock market for a profit. Needless to say, they have HUGE amount of funding. Blackstone is creme de creme among all of these private equity firm.

 

[iamwiz82]

Originally posted by: andylawcc

Originally posted by: Accipiter22

Originally posted by: ElFenix

anyway, who the hell are blackstone and magna?

I was just going to ask the same thing.

Blackstone is a company who buys publicly traded companys, take them off the stock market, restructure (ie: fire a bunch of ppl), make the company profitable (at least on paper), and then put the company back in the stock market for a profit. Needless to say, they have HUGE amount of funding. Blackstone is creme de creme among all of these private equity firm.

And it's being speaheaded by Wolfgang Bernhard.

Magna is a major Tier 1 supplier for everybody.

 

[iamwiz82]

http://www.bloomberg.com/apps/news?pid=20601085&sid=aEAtJr4dPI3w&refer=europe

Hmmm... Looks like the rumors were true.

EDIT: DCX stock is up 14% this week.

 

[FeuerFrei]

Blackstone is one of I think 3 prospective buyers. One of the others being Cereberus.

 

[ElFenix]

Originally posted by: andylawcc

Originally posted by: Accipiter22

Originally posted by: ElFenix

anyway, who the hell are blackstone and magna?

I was just going to ask the same thing.

Blackstone is a company who buys publicly traded companys, take them off the stock market, restructure (ie: fire a bunch of ppl), make the company profitable (at least on paper), and then put the company back in the stock market for a profit. Needless to say, they have HUGE amount of funding. Blackstone is creme de creme among all of these private equity firm.

i think we read about some of their takeover attempts in corporate finance. that'd be why that name rings a bell.

 

[IGBT]

Originally posted by: iamwiz82
http://www.bloomberg.com/apps/news?pid=20601085&sid=aEAtJr4dPI3w&refer=europe

Hmmm... Looks like the rumors were true.

EDIT: DCX stock is up 14% this week.

..is this good? should I hold off on my new Dakota??

 

[andylawcc]

this is madness. 80 bucks now?

 

[iamwiz82]

Originally posted by: andylawcc
this is madness. 80 bucks now?

Now they are only down 30% from when the merger occurred. 😛

 

[Squisher]

Blackstone was one of the investors that supplied capital to get American Axle off the ground. There has been talk that AAM is going after Chrysler's axle business. Right now we do the forgings for their big trucks (full float axles).

 

[andylawcc]

Originally posted by: iamwiz82

Originally posted by: andylawcc
this is madness. 80 bucks now?

Now they are only down 30% from when the merger occurred. 😛

sigh, I almost bought F at low 7, why can't it be like that?

oh well, this is madness too:

http://finance.yahoo.com/q/bc?s=SNE&t=6m&l=on&z=m&q=l&c=

 

[iamwiz82]

Originally posted by: Squisher
Blackstone was one of the investors that supplied capital to get American Axle off the ground. There has been talk that AAM is going after Chrysler's axle business. Right now we do the forgings for their big trucks (full float axles).

It sounds like DCX is going to be carved apart. GM has been rumored to be sniffing at the minivan division, since their line is so pathetic.