Nissan makes offer for 20% of Chrysler - Zilvia.net Forums | Nissan 240SX (Silvia) and Z (Fairlady) Car Forum

ZilviaBot · 10-22-2008, 10:20 AM

10-22-2008 09:28 AM

Filed under: Chrysler, LLC., Nissan, Renault

The fate of Chrysler LLC continues to grow more complicated as reports today indicate that Nissan/Renault CEO Carlos Ghosn has made an offer to buy 20% of the privately owned automaker from Cerberus Capital Management, which is also currently in talks to make a deal with General Motors. Unlike a potential deal with GM that could see Chrysler's brands dismantled, a deal with Nissan, which already has an alliance with Renault, would likely keep the American automaker intact and moving forward. Chrysler would become, in effect, the American arm of a triumvirate of brands that includes Nissan from Japan and Renault from Europe. Only Nissan's name is on the offer, however, because it reportedly has the cash on hand to make a deal, while Renault has around $5 billion of debt on the books. Nissan also already has a partnership with Chrysler in which it will get a version of the Dodge Ram full-size truck to replace the Titan and in return supply Chrysler with a new small car.

A potential Chrysler/Nissan/Renault mashup makes much more sense than combining two American automakers whose products overlap and are both in bad shape right now. But sense doesn't mean much when companies are out to make money, and Cerberus may not be interested in a deal with Nissan that keeps it a player in the auto industry. The investment firm reportedly still favors a deal with GM that would essentially fill its pockets with cash and absolve it of any responsibility for the house that Walter P. built.

UPDATE: Some people have asked about what will happen to Daimler's remaining 19.9% of Chrysler LLC if Cerberus makes a deal with either GM or Nissan, and reports indicate that Chrysler is actively seeking to buy the rest of Daimler's stake before any deal is made. We're guessing the German automaker is just about ready to relinquish its rights to Chrysler and get as far as away from this cluster **** as possible.

[Source: The Detroit News]

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Antihero983 · 10-22-2008, 11:19 AM

NO NO NO NO NO FUCK NO.

argh why would they do that?!

chrysler has gone bankrupt once, why not just let them die?

twotoes · 10-22-2008, 11:41 AM

Quote:

Originally Posted by RedEvilRPS13

why not just let them die?

thank you! Let em die.

SexPanda · 10-22-2008, 12:02 PM

But what about HEMI? lol

I will say 1 positive thing for chrysler.

My work truck is a dodge and its a POS... But god damnit it runs better than any vehicle mrw has almost!

*exitspeed* · 10-22-2008, 12:25 PM

Man I thought the GM/Chrysler was an absurd rumor. Unfortunately these aren't rumors anymore and SOMETHING is about to go down whether we want it to or not. I'd REALLY rather Nissan stay out of it, but I guess not.

vodka2 · 10-22-2008, 01:28 PM

eeew.. crystler .. never not one car i liked that they prodeced.. but renault is another story.

*exitspeed* · 10-22-2008, 01:38 PM

Quote:

Originally Posted by vodka2

eeew.. crystler .. never not one car i liked that they prodeced.. but renault is another story.

Renault isn't in question here. Nissan and Renalut have been in bed together since like 99/00.

Gnnr · 10-25-2008, 10:22 PM

FUCK FUCK FUCK FUCK FUCK FUCK!!!

Chrysler is a disease! Why do you think Daimler got rid of them!? They're trying to give way the last piece that they own!

10-22-2008, 10:20 AM	#1
ZilviaBot Zilvia.net Bot Join Date: Aug 2007 Posts: 199 Trader Rating: (0) Feedback Score: 0 reviews	Nissan makes offer for 20% of Chrysler 10-22-2008 09:28 AM Filed under: Chrysler, LLC., Nissan, Renault The fate of Chrysler LLC continues to grow more complicated as reports today indicate that Nissan/Renault CEO Carlos Ghosn has made an offer to buy 20% of the privately owned automaker from Cerberus Capital Management, which is also currently in talks to make a deal with General Motors. Unlike a potential deal with GM that could see Chrysler's brands dismantled, a deal with Nissan, which already has an alliance with Renault, would likely keep the American automaker intact and moving forward. Chrysler would become, in effect, the American arm of a triumvirate of brands that includes Nissan from Japan and Renault from Europe. Only Nissan's name is on the offer, however, because it reportedly has the cash on hand to make a deal, while Renault has around $5 billion of debt on the books. Nissan also already has a partnership with Chrysler in which it will get a version of the Dodge Ram full-size truck to replace the Titan and in return supply Chrysler with a new small car. A potential Chrysler/Nissan/Renault mashup makes much more sense than combining two American automakers whose products overlap and are both in bad shape right now. But sense doesn't mean much when companies are out to make money, and Cerberus may not be interested in a deal with Nissan that keeps it a player in the auto industry. The investment firm reportedly still favors a deal with GM that would essentially fill its pockets with cash and absolve it of any responsibility for the house that Walter P. built. UPDATE: Some people have asked about what will happen to Daimler's remaining 19.9% of Chrysler LLC if Cerberus makes a deal with either GM or Nissan, and reports indicate that Chrysler is actively seeking to buy the rest of Daimler's stake before any deal is made. We're guessing the German automaker is just about ready to relinquish its rights to Chrysler and get as far as away from this cluster **** as possible. [Source: The Detroit News] PermalinkÂ\|ÂEmail thisÂ\|ÂComments More...

10-22-2008, 11:19 AM	#2
Antihero983 Post Whore! Join Date: Feb 2005 Location: Gilmanton, NH Age: 40 Posts: 4,409 Trader Rating: (2) Rides Gallery: Antihero983 Feedback Score: 2 reviews	NO NO NO NO NO FUCK NO. argh why would they do that?! chrysler has gone bankrupt once, why not just let them die? __________________ "So here I am, right back at it again, just like I've always been"

10-22-2008, 12:02 PM	#4
SexPanda Post Whore! Join Date: Jun 2007 Location: Where ever there is free beer Posts: 3,239 Trader Rating: (0) Feedback Score: 0 reviews	But what about HEMI? lol I will say 1 positive thing for chrysler. My work truck is a dodge and its a POS... But god damnit it runs better than any vehicle mrw has almost! __________________ BRAND NEW GReddy PRofec E-01 EBC for sale, Cheap!

10-22-2008, 12:25 PM	#5
exitspeed aWingThing.com Join Date: Mar 2003 Location: Milwaukee, WI Age: 45 Posts: 20,900 Trader Rating: (1) Feedback Score: 1 reviews	Man I thought the GM/Chrysler was an absurd rumor. Unfortunately these aren't rumors anymore and SOMETHING is about to go down whether we want it to or not. I'd REALLY rather Nissan stay out of it, but I guess not. __________________ What I do for a living...www.mhrussell.com

10-25-2008, 10:22 PM	#8
Gnnr Post Whore! Join Date: Apr 2005 Location: S. FL Posts: 3,960 Trader Rating: (0) Feedback Score: 0 reviews	FUCK FUCK FUCK FUCK FUCK FUCK!!! Chrysler is a disease! Why do you think Daimler got rid of them!? They're trying to give way the last piece that they own! __________________

10-22-2008, 01:28 PM	#6
vodka2 BANNED Join Date: Jan 2008 Location: Los angeles Posts: 1,177 Trader Rating: (18) Feedback Score: 18 reviews	eeew.. crystler .. never not one car i liked that they prodeced.. but renault is another story.