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More then meet the eyes I presume?(one arrow down) Carlos Ghosn. He's hinting that a deal between Nissan-Renault SA and Chrysler is unlikely. Don't believe it for a second.
ThanksI wanted to post this news but seems I'm beaten to the finish linethere another article from Automotive news Europe
http://www.autonews.com/article/20080428/COPY/362616440/1131/ANE
and Pete DeLorenzo of Autoextremist www.autoextremist.com had posted a short note at "On the table" section
More then meet the eyes I presume?
Once I heard that Nissan & Chrysler had made a "vehicle exchange" deal,I wanted to post this news but seems I'm beaten to the finish linethere another article from Automotive news Europe
http://www.autonews.com/article/20080428/COPY/362616440/1131/ANE
and Pete DeLorenzo of Autoextremist www.autoextremist.com had posted a short note at "On the table" section
More then meet the eyes I presume?
you're not alone on various blogs and forums, peoples compared Ghosn with......Mr.BeanOn a side note, is it just me or does Carlos Ghosn look like a newt(face-wise)??![]()
Hmm....That's an insult to Mr.Bean! Mr.Bean is alot cooler & funnier than Ghosn!:yup:you're not alone on various blogs and forums, peoples compared Ghosn with......Mr.Bean![]()
+1 they seems a more viable alternative then some obscure Chinese company.I love Chrysler deep in my heart, so I'd much rather have them being run by ANYBODY else than the present management/owner. R/N would be a very good choice out of the possible ones (lets not kid ourselves, it is probably the only choice rather than some obscure Chinese company, outright bankruptcy or spinning-off assets in a fire sale, which might come true all three, see the demise of MG Rover).
Nissan and Chrysler. Can't We Get These Two Kids Together?
Posted by: David Kiley on May 01
Sitting with Carlos Ghosn, CEO of both Renault and Nissan, this week at our offices, I became pretty sure I was looking at the future CEO of Chrysler.
He told us that the deals to supply Chrysler with a Versa and to have Chrysler build Nissan’s Titans are deals that stand alone. And they are.
Ghosn also said that this is a time where the markets wouldn’t like to try and absorb a big deal like Renault-Nissan taking on Chrysler. I don’t know about that. Deals are still cooking in other industries. Ghosn still wants a North American alliance partner. I don’t ever see it being Ford. And GM was a non-starter. Unless he is eyeballing Tesla or Shelby, Chrysler is it.
What seems pretty clear is that Chrysler LLC owner Cerberus Capital would love love love to off-load the automaker for more than it has put in, even if it’s $5.00. Center for Automotive Research chsirman David Cole told me this week that, “Cerberus doesn’t have a lot of time with this thing.”
Carlos knows that he is really the only game in town for Chrysler. Ghosn, in my estimation, is smart. He sees Chrysler’s price going down from here, not up. And he can afford to wait Cerberus out for a while.
Meantime, DaimlerChrysler Daimler AG has reduced the value of its minority stake in Chrysler LLC by almost two-thirds after the U.S. automaker made a 340 million euro ($529.1 million) punch to Daimler’s pretax profits in the first quarter.
Daimler retained a 19.9 percent stake in Chrysler when it sold the majority control in August 2007 to Cerberus. Daimler now values its stake in Chrysler at 547 million euros ($851.2 million). At the time of the sale, Daimler valued the stake at 1.4 billion euros ($2.18 billion.