Daimler Reveals That Talks For Chrysler Sale Have Been Held

German automobile maker, Daimler, today disclosed that they have indeed been holding talks to sell off the Chrysler division in the U.S., however a clear leading customer was not really noted. But a Canadian auto parts company, Magna International has placed a $4.7 billion dollar bid on the table for Daimler to consider. Two other "equity" or investment firms are also rumored to be in the running as well, however if these are "turn around" companies, then workers could expect such investors to likely purchase the firm, lay off many workers, show some profitability, and then sell the firm for a profit much like a person would sell some "fixer-upper" item.

At one time those in business community made hefty profits by actually developing new products or starting up a new company based on new ideas, or some new manufacturing methods, but today it is popular for companies to be bought and sold for a profit by investors, and the workers who count on their employment for their very livelyhood are mere pawns in this large scale wholesale buying and selling of the worker's workplaces. Many workers lose jobs when businesses are bought and sold for a profit by investors, and many workers have difficulty finding work of equal pay and benefits, and often watch their middle class dreams being crushed.