According to the Globe and Mail, Magna may have found a private equity firm to leverage in a bid to buy Chrysler from Daimler Chrysler.
Magna and its unidentified partner Ã¢â‚¬Å“have written a joint letter of interest offering to buy Chrysler for roughly $4.6-billion-$4.7-billion [U.S.], with the supplier looking to take a 20-25 per cent stake,Ã¢â‚¬? Mr. Hoselton said in a note to clients.
What is not being said however, is what exactly would happen to Jeep in the deal. It has been rumored that Daimler may keep the Jeep line, or would Jeep be divested and sold to someone else?