Cerberus gets Bernhard to advise on Chrysler bid: report
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Buyout firm Cerberus Capital  Management LP  has hired Chrysler&#39;s former chief  operating officer to advise it on a possible bid for the U.S.  carmaker, the Financial Times reported on Wednesday.
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ROCHESTER, Michigan  - Cerberus Capital Management Chairman John Snow said on Wednesday the private equity firm was 'confident' in securing Chrysler financing and sees the deal closing in the current quarter.
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Representatives from Cerberus Capital Management  met executives from Chrysler Group on Monday to consider a possible bid for the struggling automaker, the Detroit News reported on Tuesday.
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Private equity firm The Blackstone Group   may bid for the troubled U.S. division of German  automaker DaimlerChrysler AG (DCXGn.DE), a person  familiar with the situation said on Tuesday.
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Rio Tinto Ltd./Plc   has hired Deutsche Bank to advise it on a possible bid for Canadian aluminum producer Alcan Inc.  , the Sydney Morning Herald newspaper reported on Monday.
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Private equity group Cerberus Capital Management  is weighing the purchase of a stake in bankrupt auto-parts supplier Delphi Corp.  and is looking for at least one auto executive to help manage the investment, the Wall Street Journal reported.
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Cerberus Capital Management  Chairman John Snow said on Wednesday the private equity firm  was &#39;confident&#39; in securing Chrysler financing and sees the  deal closing in the current quarter.
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DaimlerChrysler is said to prefer to sell the struggling Chrysler Group in one piece, rather than let potential bidders pick and choose among its assets.
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Rio Tinto Ltd. Plc   has hired Deutsche Bank to advise it on a possible bid for Canadian aluminum producer Alcan Inc.  , the Sydney Morning Herald newspaper reported on Monday.
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Ceridian Corp. , whose biggest shareholder regards a $5.3 billion takeover bid for the human-resources company as too low, said on Wednesday it would be prepared to consider other plans to sell itself.
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The German government and DaimlerChrysler will reveal details next week of a deal enabling the car maker to sell part of its stake in European aerospace giant EADS while keeping it in German hands, a business daily has reported.
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VANCE, Ala.  - Cerberus Capital Management LP  is on track to conclude its $7.4 billion acquisition of Chrysler Group, DaimlerChrysler Chief Executive Dieter Zetsche said on Wednesday.
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The board of DaimlerChrysler said it had approved an alliance of its Chrysler Group unit and the Chery Automobile Company of China aimed at the market for smaller cars. Under the deal, which would not include an equity investment, Chery would build vehicles under Chryslerâs brand names for sale in the United States and Europe, DaimlerChrysler said. Chrysler reached its deal with Chery at the end of December.
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The pace of activity around a possible  sale of DaimlerChrysler AG&#39;S (DCXGn.DE) Chrysler Group is  accelerating, after several potential buyers met with  management before presenting preliminary offers by the end of  the month, The Wall Street Journal reported.
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General Motors is in talks to buy DaimlerChrysler AG's struggling Chrysler group in its entirety, according to several reports.
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DaimlerChryslerâs willingness to cut loose its Chrysler Group is drawing cheers from investors but Wall Street analysts were skeptical of an outright sale of Chrysler to G.M.
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DaimlerChrysler  dropped its long-standing commitment to Chrysler on Wednesday and said it was prepared to review all its options, including finding new partners for its loss-making U.S. arm.