Tuesday, October 28, 2008

Chrysler worth nothing? GM gonna buy it?

OK, this is scary:
The German automaker has depreciated its stake in Chrysler to zero from $268 million at the end of June, the company said Thursday. A little over a year ago, the company valued its 19.9% stake in Chrysler at $2.2 billion.
(via Calculated Risk via Eschaton)

So it looks like General Motors might buy Chrysler. So, if Daimler's valuation of Chrysler is accurate, will GM get Chrysler for free?

Hard times, dude.


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