According to today's Financial Times, JP Morgan's been busy making the case for the Chrysler Group to Apollo Management, Blackstone Group, the Carlyle Group, Cerebus Capital and some silly little European firms. Apparently those talks began before Dr. Z's "all options are on the table" comments last week, and continue to this very day. We're still of the opinion that this may all be just a game of political pandering by Zetsche to the Board of Directors, but you know, time and stuff will tell.
Private equity groups eye Chrysler [FT.com]
Related:
Not So Many Briefcases Left: Does Dr. Z Really Want To Make A Deal On Chrysler?; Running Out Of Dance Partners: Renault-Nissan Denies Interest In Chrysler Group; This Is Our Country, This Is Our Chrysler?; General Motors Provides "No Comment" On Chrysler Acquisition Rumors; Buy Chrysler For $13 Billion: JP Morgan To Formally Kick Off Auction This Week? [internal]