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Russian billionaire Oleg Deripaska, owner of Moscow-based Russian Machines, is in the hunt for the Hummer brand, according to Russian business magazine Vedomosti. Should Deripaska end up the high bidder, GM is going to have to take the paperwork to him: He's been barred by the US State Department from entering the country due to his alleged ties to organized crime and possible false statements made to the FBI, and he's been accused by business associates of extortion, kidnapping, and "unsavory business practices." We know: On the surface, Deripaska sounds like the perfect suitor for Hummer, but some statements made by one of his associates have us a little concerned. More »
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OK, so we'll totally called this one. True, we called it humorously, but whatevs, we'll take our wins when and where we can. Under the terms of an agreement announced early Thursday companies owned by Oleg Deripaska, the Russian entrepreneur, will pay $1.54 billion to acquire 20 million Class A shares of Magna International. Magna CEO Frank "Stroke Me, Stroke Me" Stronach claims the transaction has nothing to do with the Chrysler bid — but it's hard not to think that the additional hot injection of cold Russian capital from Deripaska doesn't have something to do with it. So this means if the Magna deal goes through we'll have the same guy who owns GAZ also now owning part of the Chyrsler Group — so we guess GAZ will finally be able to steal those Jeep designs legally. Ah, the joys of Capitalism! [Hat tip to AllenParkPete!] – Ray Wert More »
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And we bet the General's general, Rick Wagoner, probably felt he was pretty much in the clear when it came to foreign raiders. Wagoner's just finished fending off the possibility of bedding GM in a threesome with Carlos Ghosn's Renault-Nissan alliance — so our bet's that he's been feeling all big n' bad in the exec tower at the RenCen as of late. Well, maybe those champagne corks were popped a bit too soon — because the caviar they brought to go with it may be providing a bit more indigestion than they'd originally thought. That's because there are conflicting reports coming out of the land formerly shrouded by an iron curtain that Russian multi-rubillionaire Oleg Deripaska, one of the architects of the Yukos "deal" a while back, may have made a decent-sized purchase of stock in the General. Germany's Manager Magazin reports, without citing a source, that Putin's pocket tycoon's... More »
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