Three things have merged resulting in this blog.  First, my insomnia (no I haven't slept yet), second, the Craftsman Truck series is in action again this weekend (remember I am a Dodge Racing fan when it comes to the trucks) and third one of my earlier blogs on the situation with Chrysler flared to life again yesterday.  So here is an update on Chrysler from last week's news reports.

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Union leaders on both sides of the Atlantic are vowing to fight a sale of DaimlerChrysler AG's Chrysler Group to a private-equity buyer, throwing a potential hurdle in front of a deal.

more...

http://online.wsj.com/google_login.html?url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB117426075445040934.html%3Fmod%3Dgooglenews_wsj

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Cerberus Strengthens Hand For Chrysler Bid

By Richard Milne in Munich and John Reed in London

Wolfgang Bernhard, the restructuring expert who helped to turn around Chrysler five years ago, has signed an advisory contract with Cerberus Capital Management, signficantly strengthening the private equity group's hand in the bidding for the US carmaker.  Mr Bernhard, who was chief operating officer at Chrysler, signed the contract for a full-time role recently, according to several people familiar with the situation.  The advisory mandate further helps the chances of Cerberus, already one of the favourites to buy Chrysler from DaimlerChrysler, its German parent.

Daimler has received preliminary expressions of interest from several other private equity funds since announcing that "all options" were open for its loss-making US unit in mid-February.  General Motors has studied the possibility of co-operation with Chrysler and Magna International, the Canadian auto parts and assembly company, has expressed interest in the potential sale.  Cerberus is increasingly active in the automotive sector. It last year led a group buying 51 per cent of GMAC, GM's financing arm and is also part of a group seeking to buy Delphi, the bankrupt parts supplier.  With potential investors like Cerberus and the Blackstone Group becoming increasingly interested in Chrysler, some bankers involved in the process believe a sale to private equity is likelier than to a competitor.

more...

http://www.msnbc.msn.com/id/17599017/

This week Kasey Kahne is a go or go home car in his Cerberus Avenger SS.

What is a cerberus you ask?

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Not a nice doggie.

And whose company is it you asked?

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