According to various publications, it seems DaimlerChrsyler AG and General Motors Corp. are talking again after a long hiatus. After receiving Canadian auto-parts maker Magna International Inc.'s reported low-ball bid of $4.7 billion last week, DCX reportedly has returned to GM, after it had originally dismissed GM's offer as unappealing. As a refresher, GM reportedly offered to take Chrysler off of DCX's hands as long as DCX paid GM $1 billion in cash. Of course, DCX would receive a 10% equity stake in GM in exchange for the General's "favor." GM's offer makes Magna's bid, which was under the $5 billion asking price, seem more appealing. Maybe DCX is trying to get both bidders to raise their offers. —Matthew Wurtzel
See story from The Detroit News
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