Blackstone Is Buying Chrysler?

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Blackstone Buying Chrysler

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Blackstone is considering buying the Chrysler Group, and General Motors might join the race.

Blackstone is an investment company which holds shares in over a hundred companies, and was founded in 1985, and today is one of the most powerful investment companies.

Portfolio of 125 billion dollars

Blackstone owns a greater share of the company TRW Automotive Holdings, the global leader for safety equipment for cars, like seat belts and air bags.

Blackstone’s portfolio is estimated at over 125 billion dollars

Huge losses

The details about the possible sale are a strictly guarded secret. In the middle of February, the Chairman of DaimlerChrysler, Dieter Zetsche surprised us with his statement in which he hints at a possible sale.

Chrysler made huge losses in the third quarter of last year, totaling 1.5 billion dollars, written by bankamagazine.hr.

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