Wednesday, October 22, 2008

Nissan/Renault wants a piece of Chrysler

According to Autoblog from a story in the Detroit News, Nissan/Renault has offered to purchase 20% of Chrysler from Cerberus. The deal would keep Chrysler intact as a separate entity, but bring more Nissan and Renault products into the U.S. through Chrysler (a version of the Dodge Ram is already scheduled to become the next Nissan Titan, and a Nissan platform is scheduled to become the basis for a new Chrysler small car.)

The problem is that Cerberus apparently doesn't want to get rid of 20% of Chrysler, it wants to get rid of 100%, and neither Nissan nor Renault have the money to buy the company outright. So, unless Cerberus decides that it wants to stay in the car business, it's increasingly looking likely that the deal will be with GM or no one.
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