BREAKING: Chrysler Gets Tracinda Offer of $4.5B

Martin Padgett Martin Padgett Editorial Director
April 5, 2007
The AP reports Chrysler's familiar sabre-rattler, Kirk Kerkorian, has made a $4.5B offer for the company. His Tracinda Corp.'s offer is said to be contingent on a new labor deal with the UAW.

Tracinda also seems to want management and the union to be equal partners in the new company - something that United Airlines might warn them against. We'll be on this story throughout the day as more details emerge.

TRACINDA OFFERS $4.5B FOR CHRYSLER--TheCarConnection.com

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